Kiwi Property

IKEA at Sylvia Park is turning blue! Installation is now underway for the panels that form IKEA's distinctive blue walls at the first store of its kind in the country. You'll get a sneak peek of the progress from Sylvia Park's car park 1. We are thrilled to play our part in welcoming IKEA to New Zealand. #IKEA #SylviaPark https://lnkd.in/gjpfw2MM

It's Black Friday, one of the biggest trading days of the year on the retail calendar. Our Kiwi Property shopping centres are ready to deliver unbeatable shopping experiences to our local communities with incredible Black Friday deals across all categories. Black Friday is a great opportunity to kick-start Christmas gift shopping for family, friends, and loved ones with impressive discounts on full-priced items. It's also a great time to stock up on summer essentials – and get yourself a little treat too. Our centres will be a little busier than normal today, so please consider public transport or carpooling where possible, but above all else, be patient, be kind, and be safe. Happy shopping! #BlackFriday

Resido, New Zealand's largest build-to-rent offering, has achieved a significant milestone – 50% of the 295 apartments are now leased! With 148 signed leases in less than six months, we’re even a little ahead of our projected lease-up timeframe of 12 to 18 months, demonstrating the strong demand for this unique offering. Since officially opening its doors in June, Resido has quickly become a vibrant community. It’s not just our residents who are enjoying their new homes – our pet-friendly policies have made Resido a haven for furry friends too! This milestone reflects the appeal of build-to-rent living in New Zealand, offering purpose-built, high-quality rental homes with exceptional amenities and a focus on community. We’re proud to see Resido leading the way in this space and providing residents with a place they truly love to call home.

Today we announced our interim results for the six months ended 30 September 2024, with the results reinforcing conviction that our strategy, focused on curating and creating retail-led mixed-use properties, is building momentum as challenging recent macroeconomic conditions start to ease. On 30 September 2024, the Kiwi Property portfolio was valued at $3.3 billion, including a fair value gain of 0.3% from 31 March 2024. Our update also included exciting progress on Resido, our flagship build-to-rent development. Last week, we reached a significant milestone, with 148 leases signed in under six months, marking 50% of the leasing campaign – a testament to strong demand for quality rental accommodation. For key financial metrics and more insights, check out the carousel below.

Very pleased to see Clive Mackenzie representing Kiwi Property on the Property Council New Zealand's new Inclusion Alliance. This initiative marks an important step towards fostering greater diversity, equity, and inclusion within the property sector. At Kiwi Property, we recognise that diverse perspectives lead to stronger teams, better decision-making, and ultimately, a more innovative and resilient industry. It’s encouraging to see the Property Council bringing together leaders to drive meaningful change and set new benchmarks for inclusion across the sector. We look forward to contributing to the Alliance’s work and supporting its vision of a more equitable future for everyone in property and beyond. #DEI

Christmas has arrived at Sylvia Park! Santa's Hideaway is brand-new for 2024 and has a uniquely Kiwi Christmas feel with Santa perching for photos on the veranda of his holiday bach, surrounded by pōhutukawa flowers. And for a unique twist, our beloved Sylvia Park singing reindeer now serenade guests with 'Rudolf the Red-Nosed Reindeer' in te reo Māori. Crafted by the talented team at Chas Clarkson Christmas & Experiences, this immersive set incorporates over 3,220 baubles, 4,416 fairy lights, 14 trees, 272.5 metres of garland, and more. The set required 528 hours of work by expert builders and the creativity of five designers, showcasing a true labour of love that captures the spirit of a New Zealand Christmas. We’re excited to see families, friends, and even pets enjoy Santa's Hideaway this festive season. #Christmas #SylviaPark

We’re thrilled to introduce Shahyad and Rupert, our new Centre Managers at Sylvia Park and LynnMall respectively. Excitingly, Shahyad and Rupert were both already members of the Kiwi Property team, working together at Sylvia Park before moving into these management roles. Rupert Coffey's background is in hospitality management, managing venues, wineries, bars and restaurants for over a decade before pivoting to the retail environment in 2021 to join the Sylvia Park team. Rupert says, "It is an honour to join the team at LynnMall, New Zealand's oldest shopping centre. LynnMall continues to be an important part of Auckland and the New Lynn community; it’s certainly a key part of Kiwi Property’s portfolio too. " Shahyad Asdollah-zadeh brings over a decade of experience in retail/property valuations and management, having previously held the role of Assistant Centre Manager at Botany Town Centre, Manukau Supa Centa, and most recently, Sylvia Park. As Helen Ronald moved into a new role overseeing the wider Sylvia Park precinct, Shahyad stepped up to take the lead on Sylvia Park Shopping Centre. Shahyad says, "It's a privilege to be holding the reins at New Zealand's largest shopping centre, with so many opportunities at every corner. I'm passionate about creating a welcoming environment for customers, supporting retail partners, strengthening community connections, and advancing sustainability initiatives."

In honour of the Festival of Lights, our team came together yesterday afternoon to immerse ourselves in the vibrant colours, flavours, and traditions of Diwali. We enjoyed a spread of authentic Indian treats, lively music, and the artistry of a talented henna artist who shared her craft with us. Few things connect people like food, and there’s something special about gathering around a shared table that brings us closer together, celebrating the moments that matter to our people, our company, and our communities. A huge thank you to Manisha Reddy who helped organise, to our Keystone scholar Bhavik Paragji for his insight into Diwali’s cultural significance, and to all our team members who joined us in celebrating. #Diwali #Culture #DiversityAndInclusion

Sylvia Park has introduced two brand-new digital SMARTFRAMEs on the Mt Wellington Highway entry and exit to the shopping centre, offering even more opportunities for brand and messaging exposure around the bustling Sylvia Park precinct. With over 16 million customer visits to Sylvia Park annually, these prominent locations in Mount Wellington offer an unparalleled opportunity to connect with a broad audience, extending reach beyond the centre itself. We're excited to partner with JCDecaux New Zealand to bring these impactful advertising options to brands looking to engage with New Zealanders in the Auckland region. Aubrey Cheng, Sharmian White #OOH #advertising

This Recycling Week, Sylvia Park, The Base, and LynnMall brought extra people power into their facilities teams to educate tenants, manage waste streams, and monitor recycling performance in our centres. Sustainability Managers have been on hand in the Recycling Centres to help tenants sort their waste and educate staff about the importance of recycling. It’s part of our ongoing activities to reduce waste going to landfill and year-round implementation of our ESG strategy across our portfolio. Our sustainability efforts not only drive operational efficiency but also align with consumer values and create a long-lasting positive impact on the environment. #RecyclingWeek #RecyclingWeek2024 Rubbish Direct, PPCS Facility Services, Gillian Wordsworth