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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

S&P downgrades Kiwi Property outlook to negative

Divestment of noncore assets has reduced scale and diversity of portfolio and will diminish rental income.

Sylvia Park Mall.

NBR Staff Tue, 27 Jun 2023

Ratings agency S&P has revised its outlook on listed retail and commercial property group Kiwi Property to negative, saying it expected the Sylvia Park shopping centre owner’s credit metrics to deteriorate over the next year.

Kiwi Property, which also owns LynnMall and The Base shopping centres,

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NBR Staff Tue, 27 Jun 2023
Contact the Writer: editor@nbr.co.nz
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S&P downgrades Kiwi Property outlook to negative
Investment,
99709
true