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An update from Kiwi Property Group ( (NZ:KPG) ) is now available.
Kiwi Property Group has secured regulatory approval from New Zealand’s Overseas Investment Office for the sale of its ASB North Wharf office asset in Auckland’s Wynyard Quarter. The company is a major listed landlord focused on mixed-use, retail and office properties, and the transaction aligns with its strategy of actively managing a diversified, high-quality portfolio for investors.
With Overseas Investment Office consent now obtained, the $205 million sale of ASB North Wharf to the Precinct Pacific Investment Limited Partnership has become unconditional. Settlement is scheduled for 29 May 2026, locking in a substantial capital realisation that will reshape Kiwi Property’s office holdings and may provide additional financial flexibility for future portfolio initiatives.
More about Kiwi Property Group
Kiwi Property Group, listed on the New Zealand Stock Exchange under the ticker KPG and a member of the S&P/NZX 20 Index, is one of the country’s largest listed property companies. It owns and manages a diversified portfolio of mixed-use, retail and office buildings across New Zealand, aiming to provide investors with reliable exposure to high-quality domestic real estate through active portfolio management.
Average Trading Volume: 1,211,487
Technical Sentiment Signal: Buy
Current Market Cap: N$1.46B
See more insights into KPG stock on TipRanks’ Stock Analysis page.