Kiwi Property has spent $20m supporting its shopping centre tenants with rent reduction and deferrals because of their loss of trade during Covid-19 lockdowns. Big shopping centre owner Kiwi Property has spent almost $20 million on rent relief for tenants. The mixed-use properties are Sylvia Park, Sylvia Park Lifestyle, LynnMall and The Base in Hamilton. Supplied Kiwi Property has placed The Plaza shopping centre in Palmerston North up for sale. Sylvia Park now has more than 250 stores and over 5000 free carparks, the most of any shopping centre in the country.

Source: Stuff November 22, 2020 20:49 UTC