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Kiwi Property profits down on back of revaluations

The owner of Sylvia Park and LynnMall saw rental income continue to rise, however.

Kiwi Property owns the Sylvia Park shopping precinct.

Maria Slade Mon, 22 May 2023

Retail and commercial property group Kiwi Property has reported a $228 million net loss for the year to March, thanks to big decreases in valuations of its portfolio.

The owner of the Sylvia Park, LynnMall, and The Base shopping centres saw a 275% loss in the net fair value of its investment

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Kiwi Property profits down on back of revaluations
General Business,
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