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KIP Sells F&P Finance Building

Contributor:
Fuseworks Media
Fuseworks Media

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.

The price for the Fisher & Paykel Finance Building in Highbrook Drive was in line with recent valuations but down from the $13.59m at September 30 last year.

The transaction settles on June 15.

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