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Kiwi Income Property Trust

Kiwi Income Property Trust To Raise $50m

Kiwi Income Property Trust To Raise $50m
Wellington, April 1 NZPA - Kiwi Income Property Trust is proposing to raise about $50 million through an issue of new units, partly to prepare itself should its asset valuations fall further.

Trading Halt On Kiwi Income Property Trust

Trading Halt On Kiwi Income Property Trust
Wellington, April 1 NZPA - Kiwi Income Property Trust was today placed on a trading halt, at the company's request, as it carries out a book build for a share placement.

Kiwi Income Sells Wellington Building

Kiwi Income Sells Wellington Building
Wellington, March 30 NZPA - Kiwi Income Property (KIP) has sold BP House on Customhouse Quay in Wellington for $26 million. The sale price was in line with last week's valuation of $26.3m and the money will be used to repay bank debt, the trust announced to the share market today.

Kiwi Income Property Trust's Value Down But Rent Up

Kiwi Income Property Trust's Value Down But Rent Up
Wellington, March 27 NZPA - Kiwi Income Property Trust has seen $162.2 million shaved off the value of its property portfolio in six months, which it puts down to global economic conditions.

NZ Share Market `Muted'

NZ Share Market `Muted'
Wellington, March 25 NZPA - The New Zealand sharemarket meandered along today, moving lower despite some of the newsmakers in recent months making ground. The NZSX-50 index was down 5 points, or 0.19 percent, to 2630.326 when it closed at 5pm today.

NZ Shares Match Yesterday's Gains As Bargain Hunters Return

NZ Shares Match Yesterday's Gains As Bargain Hunters Return
Wellington, March 17 NZPA - The sharemarket matched yesterday's small gains as bargain hunters brought some activity back to the market. The benchmark NZSX-50 index closed up 20.4 points, or 0.8 percent, at 2564.72, after rising 20.9 points yesterday. Turnover was just $54.8 million.

NZ Share Market Tumbles After Plunge In US

NZ Share Market Tumbles After Plunge In US
Wellington, March 6 NZPA - After two sessions with solid gains, the New Zealand share market tumbled today following steep drops in United States equities.

KIP Sells F&P Finance Building

KIP Sells F&P Finance Building
Wellington, March 6 NZPA - Kiwi Income Property Trust said it has sold a building in East Tamaki in Auckland for $12 million and will use the money to repay debt.

F&P Appliances Rebound Helps Steady NZ Sharemarket

F&P Appliances Rebound Helps Steady NZ Sharemarket
Wellington, Feb 17 NZPA - The sharemarket eased today but pockets of strength among top stocks, including a rebound for Fisher & Paykel Appliances, helped ward off the larger falls seen offshore.

New Zealand Share Market Up A Little On Light Volume

New Zealand Share Market Up A Little On Light Volume
Wellington, Jan 26 NZPA - The New Zealand share market was not expected to do much on a day with holidays in Auckland and Australia and so it proved. The benchmark NZSX-50 index closed up 0.66 points, or 0.024 percent, at 2705.746 and volume was light outside Telecom.

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