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Trading Halt On Kiwi Income Property Trust

Contributor:
Fuseworks Media
Fuseworks Media

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.

The trading halt will remain in place until the outcome of the book build and placement is announced to the market.

On Monday the trust announced the unconditional sale of BP House in Wellington for $26 million.

For the year to the end of March, the trust reported a 10.1 percent fall in the value of its office and retail portfolio to $1.91 billion.

Shares in the trust closed at 96c yesterday, down from a year high of $1.31 in April 2008.

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