Thursday, 22 February 2018

Announcement

TRANSACT: KPG: Settlement of The Majestic Centre

11 Dec 2017 14:42NZX
Kiwi Property advises that the $123.2 million sale of The Majestic Centre,
Wellington, to Investec Property Limited, as the responsible entity for
Investec Australia Property Fund, announced to the market on 14 November
2017, settled today.

As previously advised, Kiwi Property will continue to manage the building for
Investec.

> Ends

CONTACT US FOR FURTHER INFORMATION

Chris Gudgeon
Chief Executive
chris.gudgeon@kp.co.nz
+64 9 359 4011

Mathew Chandler
Investor Relations and Communications Manager
mathew@acumentum.com.au
+61 458 110 042
direct +61 2 9519 5850

ABOUT US

Kiwi Property (NZX: KPG) is the largest listed property company on the New
Zealand Stock Exchange and is a member of the S&P/NZX 15 Index.  We''ve been
around for more than 20 years and we proudly own and manage a $3.1 billion
portfolio of real estate, comprising some of New Zealand''s best shopping
centres and prime office buildings.  Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior
risk-adjusted returns over time through the ownership and active management
of a diversified, high-quality portfolio.  S&P Global Ratings has assigned
Kiwi Property a corporate credit rating of BBB (stable) and an issue credit
rating of BBB+ for each of its existing fixed-rate senior secured bonds.
Kiwi Property is licensed under the Real Estate Agents Act 2008.  To find out
more, visit our website kp.co.nz
End CA:00311727 For:KPG    Type:TRANSACT   Time:2017-12-11 14:42:40
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