Kiwi Property extends Sylvia Park landholding

1/10/2021, 8:54 am GENERALKiwi Property advises it has agreed to acquire 385 Mt Wellington Highway, next to Sylvia Park Lifestyle in Auckland, for $27.5 million. Settlement is scheduled to take place on 24 June 2022.
The 7,144 sqm property, which was originally developed as the Hertz building and is currently occupied by the City Impact Church, will be acquired with vacant possession. The high profile site has the potential to accommodate a range of uses, including showroom, office and large format retail.

Kiwi Property Chief Executive Officer, Clive Mackenzie, said: “This strategic acquisition opens up a range of exciting opportunities to the west of Sylvia Park, as we continue to evolve the asset into a world-class mixed-use centre.”
https://www.nzx.com/announcements/380196