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Kiwi Property scraps $458m Vero Centre deal

Sale agreement fizzles out after Hong Kong-based 'conglomerate' misses payment deadlines.

Vero Centre deal is dead.

NBR Staff Sat, 03 Aug 2024

Kiwi Property Group said it has walked away from its $458 million deal with the Chinese buyer of its Auckland CBD office tower, Vero Centre.

In a statement to the NZX on Friday, the listed property group said the buyer, a Hong Kong-based "conglomerate" had failed to meet key terms of the conditional

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NBR Staff Sat, 03 Aug 2024
Contact the Writer: editor@nbr.co.nz
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Kiwi Property scraps $458m Vero Centre deal
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