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- Release Date: 22/07/13 11:48
- Summary: GENERAL: KIP: Kiwi Income Property Trust update - Wellington earthquake
- Price Sensitive: No
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KIP
22/07/2013 09:48
GENERAL
REL: 0948 HRS Kiwi Income Property Trust
GENERAL: KIP: Kiwi Income Property Trust update - Wellington earthquake
Kiwi Income Property Trust advises that initial inspections indicate that no
significant damage has been experienced following the recent earthquakes that
have occurred in the Wellington region, including the 6.5 magnitude
earthquake yesterday afternoon.
Holmes Consulting Group ("Holmes"), the Trust's structural engineers for the
seismic strengthening works underway at The Majestic Centre, undertook
inspections of The Majestic Centre last night and have advised that they
consider the building continues to be acceptable for occupation.
During the course of the week, Holmes will also undertake structural
inspections of the Trust's other Wellington properties, which from initial
inspections appear to have sustained minor damage only.
Further updates on the outcome of the inspections will be provided as
information becomes available.
ENDS
For further information please contact:
Chris Gudgeon
Chief Executive
Kiwi Income Properties Limited
DDI: +64 9 359 4011
Mob: +64 21 855 907
Mathew Chandler
Investor Relations and Communications Manager
Colonial First State Global Asset Management
DDI: +61 2 9303 3484
Mob: +61 407 009 687
About Kiwi Income Property Trust
Kiwi Income Property Trust's objective is to optimise returns for its Unit
Holders through the careful acquisition, development and professional
management of its property portfolio. The Trust is listed on the New Zealand
Stock Exchange and is ranked within the top 15 on the NZX 50 Index, and is a
member of the NZX 15 Index.
The total value of the Trust's property portfolio is $2.08 billion. Assets
include:
Key Retail Assets
Sylvia Park Shopping Centre Auckland
LynnMall Shopping Centre Auckland
Centre Place Shopping Centre Hamilton
The Plaza Shopping Centre Palmerston North
North City Shopping Centre Porirua
Northlands Shopping Centre Christchurch
Key Office Assets
Vero Centre Auckland
205 Queen Auckland
The Majestic Centre Wellington
Unisys House Wellington
44 The Terrace Wellington
Kiwi Income Property Trust's website address is kipt.co.nz
End CA:00238813 For:KIP Type:GENERAL Time:2013-07-22 09:48:25
