West Auckland shopping centre sold to property fundSUPPLIED An aerial view of Kelston Shopping Centre, which is in a catchment zoned for denser housing. Property investor and funds manager Property Managers Group (PMG) has made an off-market purchase of the Kelston shopping centre. The west Auckland centre will be folded into one of PMG's diversified investment funds, Pacific Property Fund Ltd (Pacific Property). PHIL DOYLE/FAIRFAX NZ Kelston shopping centre which has been sold to PMG. Group chief executive Scott McKenzie said the Kelston shopping centre was an exciting opportunity, located as it was on two arterial routes.

Source: Stuff June 21, 2017 05:37 UTC