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Chris Gudgeon

Kiwi Income sees pressure in city office markets

Kiwi Income sees pressure in city office markets
Wellington, Aug 12 NZPA - The office markets in Auckland and Wellington will come under pressure in the coming years as new buildings increase vacancy rates and putting pressure on rents, according to Kiwi Income Property Trust.

Kiwi Income to buy back up to 20m units

Kiwi Income to buy back up to 20m units
Wellington, June 23 NZPA - Kiwi Income Property Trust is to buy back up to 20 million of its units in the next 12 months. The buy-back was announced today by trust manager Kiwi Income Properties Ltd, which is wholly owned by Colonial First State Global Asset Management.

Kiwi Income says Government tax changes hurt retirees

Kiwi Income says Government tax changes hurt retirees
Wellington, June 16 NZPA - Kiwi Income Property Trust said tax changes in the Government's budget have reduced the wealth of investors in listed property trusts, many of whom are retirees.

Market Conditions Constrain Retail Rental Growth

Market Conditions Constrain Retail Rental Growth
Wellington, Aug 13 NZPA - Market conditions are constraining prospects for rental growth in Kiwi Income Property Trust's retail portfolio, chief executive Chris Gudgeon told its annual meeting. But the outlook would improve as the economy moved out of recession.

Kiwi Income Reports Full Year After Tax Loss Of $169 Million

Wellington, May 15 NZPA - Kiwi Income Property Trust reported a full year after tax loss of $168.9 million, but said it made a distributable profit of $61m which was down 1.8 percent from a year earlier.

Kiwi Income Property Trust Raises $50m

Kiwi Income Property Trust Raises $50m
Wellington, April 2 NZPA - Kiwi Income Property Trust (KIPT) says it successfully completed a $50 million institutional placement announced to the market yesterday. The company said today the placement involved about 56.9m ordinary units at a price of 87.9c per unit.

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.

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.

Auckland Airport Warned Not To Get Carried Away

Wellington, Oct 15 NZPA - Auckland International Airport Ltd's new management has been served notice to keep its capital spending under control particularly if passengers numbers fall.

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