Kiwi Prop­erty to lose an­other chief

Matamata Chronicle - - Property - JULIE ILES

Kiwi Prop­erty gen­eral re­tail port­fo­lio man­ager Karl Retief has re­signed af­ter 17 years with New Zealand’s largest listed prop­erty com­pany.

Retief’s plans to leave in Septem­ber were an­nounced just a month af­ter Kiwi Prop­erty’s chief ex­ec­u­tive, Chris Gud­geon, re­vealed his in­ten­tion to step down in Septem­ber next year.

Gud­geon said Retief had made a ‘‘very sig­nif­i­cant con­tri­bu­tion’’ to the com­pany.

‘‘Over a pe­riod of sig­nif­i­cant growth, Karl has helped forge what is to­day a high-qual­ity, ex­pe­ri­enced and com­mit­ted re­tail team fo­cused on creat­ing ex­cep­tional ex­pe­ri­ences for our cus­tomers and ten­ants.’’

The re­cent shake-up in Kiwi Prop­erty’s ex­ec­u­tive team has in­cluded the ap­point­ment of Re­becca Oliphant to the the po­si­tion of strat­egy man­ager.

Oliphant comes to the prop­erty firm from a role as the head of strat­egy and busi­ness devel­op­ment at the Bank of New Zealand.

The Kiwi Prop­erty re­tail di­vi­sion man­aged a port­fo­lio made up of seven shop­ping cen­tres and two ‘‘life­style re­tail cen­tres’’ un­der Retief.

This in­cluded Auck­land’s Sylvia Park and Lyn­nMall, North City in Porirua, The Plaza in Palmer­ston North, and North­lands in Christ- church. The re­tail port­fo­lio made up 68 per cent of Kiwi Prop­erty’s $3b to­tal as­sets.

Retief’s was in­volved in a $19.2 mil­lion up­grade to two new stores for fash­ion gi­ants Zara and H&M to New Zealand as part of a $280 mil­lion plan to ex­tend Sylvia Park. The two re­tail­ers opened their first NZ stores there late last year.

Chris Gud­geon, re­tir­ing chief ex­ec­u­tive of Kiwi Prop­erty, said Retief’s con­tri­bu­tions to the com­pany were sig­nif­i­cant.

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