Media announcements

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Media announcements for 2010

ASB Head Office Development Update

Published 23 Aug 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust (“the Trust”), today announced that the key Board and Trustee approval requirements in the conditional development agreement with ASB Bank Limited (“ASB”), to develop new head office premises for ASB in Wynyard Quarter on Auckland’s waterfront, have now been satisfied. 

Kiwi Income Property Trust Annual Meeting Address and Presentation

Published 12 Aug 2010

Kiwi Income Property Trust has provided NZX with a copy of the Chairman’s and Chief Executive’s address and presentation for the 2010 Annual Meeting to be held in Wellington today. 

The Plaza Shopping Centre Investor Information Booklet

Published 11 Aug 2010

Kiwi Income Property Trust has provided NZX with a copy of an Information Booklet on The Plaza Shopping Centre.  This booklet will be provided to domestic institutional investors and analysts at a tour of The Plaza today, Wednesday 11 August 2010, at Palmerston North.

Northlands Shopping Centre Investor Information Booklet

Published 06 Aug 2010

Kiwi Income Property Trust has provided NZX with a copy of an Information Booklet on Northlands Shopping Centre.  The booklet will be provided to domestic institutional investors that are being hosted by Macquarie Securities (NZ) Limited for a tour of a number of Christchurch properties, including Northlands, on Friday, 6 August 2010.

Kiwi Income Property Trust Notice of Meeting

Published 23 Jul 2010

Kiwi Income Property Trust has provided NZX with a copy of its Notice of Annual Meeting to be held on Thursday, 12 August 2010, with proceedings commencing at 10.00am.  The venue for the meeting will be the Rangimarie Rooms, Level 3, Telstra Clear Centre, Museum of New Zealand, Te Papa Tongarewa, 55 Cable Street, Wellington.

The Notice of Annual Meeting has been mailed to all Unit Holders and Mandatory Convertible Note Holders.  A copy is attached, alternatively a copy can be requested by emailing info@kipt.co.nz.

Kiwi Income Property Trust Investor Presentation

Published 22 Jul 2010

Kiwi Income Property Trust has provided NZX with a copy of a presentation to be given during an Investor Roadshow on 22 July and 23 July in Wellington and Auckland.

A copy of the presentation is available on this website under the heading Presentations.

ANZ confirms lease extension term at National Bank Centre

Published 01 Jul 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, advises that ANZ National Bank Limited (ANZ) has utilised the break provision in its office lease such that its lease over 5,846 sqm of office space and 31 carparks in the National Bank Centre will expire on 31 July 2013.

Completion of 2005 MCN conversion and NTA update

Published 01 Jul 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust (the Trust), today advises that the 2005 8% Mandatory Convertible Notes (MCNs) have now converted into ordinary KIP Units.

Kiwi Income Property Trust to undertake on-market Unit buy-back

Published 23 Jun 2010

In accordance with Listing Rule 7.6.2, Kiwi Income Properties Limited as Manager of Kiwi Income Property Trust announces its intention to implement an on-market buy-back of up to 20 million Units over the period 29 June 2010 to 28 June 2011.

KIP Releases Annual Report and Pays Final Distribution

Published 23 Jun 2010

Kiwi Income Property Trust today released its 2010 Annual Report and paid its final distribution for the year ended 31 March 2010.

KIP Investor Presentation

Published 21 Jun 2010

Kiwi Income Property Trust has provided NZX with a copy of a presentation to be given to various investors during an Investor Roadshow on 21-22 June 2010 in Singapore and Hong Kong, reflecting the content as provided on the recent Australian Investor Roadshow held in Melbourne and Sydney on 1 and 2 June 2010.

A copy of the presentation is available on this website under the heading Presentations. 

Distribution Reinvestment Price Set at $0.91

Published 21 Jun 2010

Kiwi Income Property Trust advises that the strike price for the distribution reinvestment plan operating in respect of the distribution payable on Wednesday, 23 June 2010 is $0.91 per unit.

KIP MCN Conversion, Tax Changes and Distribution Guidance

Published 16 Jun 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, wishes to advise of: the registration of a Memorandum of Amendments to the combined Investment Statement and Prospectus dated 31 May 2005 that relates to the 8% Mandatory Convertible Notes issued in 2005; the implications of the recent changes in tax legislation; and distribution guidance for the year ending 31 March 2011.

Conversion price for the 2005 Mandatory Convertible Notes

Published 16 Jun 2010

The 8% Mandatory Convertible Notes (MCNs) issued in 2005 will convert into ordinary KIP Units (Units) on 30 June 2010.

In accordance with the terms contained in the Investment Statement and Prospectus dated 31 May 2005 (Offer Document), we can confirm that the conversion price1 is $0.8760.

KIP announces full year result

Published 20 May 2010

Kiwi Income Property Trust today announced its annual result to 31 March 2010, delivering solid operating performance despite reporting a full year after tax loss of $12.4 million. Importantly, the Trust will deliver Unit Holders the forecast full year cash distribution of 7.50 cents per unit.

A copy of the Annual Result Investor Presentation is available on this website under the heading Presentations, and in the webcast.

Conversion of 8% Mandatory Convertible Notes (NZX: KIPGB)

Published 17 May 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust (KIP), wishes to advise that the 8% Mandatory Convertible Notes (MCNs) that were issued in 2005 will convert into ordinary KIP Units (Units) on 30 June 2010.

ANZ National Bank extends lease commitment in National Bank Centre

Published 17 May 2010

Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, is pleased to announce that ANZ National Bank Limited (ANZ) has extended its office lease commitment in the National Bank Centre for a further lease term.

March Investor newsletter

Published 15 Apr 2010

Kiwi Income Property Trust has provided NZX with a copy of the March Investor update.  A copy of the Investor update is available on this website under the heading Investor updates in the 'Investor information' section.

Changes to the Board of Kiwi Income Properties Limited

Published 07 Apr 2010

The manager of Kiwi Income Property Trust, Kiwi Income Properties Limited, today advises that Non-Executive Director Jim Syme has retired from the Board, effective from 31 March 2010.

Kiwi Income Property Trust announces full year portfolio valuation

Published 31 Mar 2010

Kiwi Income Property Trust today reported a reduction of approximately $8.7 million (0.5%) in the value of its portfolio of prime office and retail assets for the six months to 31 March 2010, bringing the total portfolio value reduction for the financial year ending 31 March 2010 to approximately $74.6 million. The reduction decreases the value of the Trust’s total portfolio by 3.9% to $1.85 billion for the financial year to 31 March 2010.

The Plaza third stage opens today

Published 18 Mar 2010

The third stage of Kiwi Income Property Trust’s redevelopment of The Plaza Shopping Centre in Palmerston North was officially opened today by the Deputy Prime Minister and Minister of Finance, Hon Bill English.

Development agreement with ASB Bank

Published 26 Feb 2010

Kiwi Income Property Trust announced today that it has entered into a conditional development agreement with ASB Bank Limited (ASB) to develop new head office premises for ASB in Wynyard Quarter on Auckland’s waterfront.

Presentation to Citi Group 2010 Global Property CEO Conference

Published 23 Feb 2010

Kiwi Income Property Trust have provided NZX with a copy of a presentation to be given at the Citi Group 2010 Global Property CEO Conference on 1 March 2010 in Florida, USA.

A copy of the presentation is available on this website under the heading Presentations.