Kiwi sells mall

hembry@nzherald.co.nz shaw@nzherald.co.nz holly.ryan@nzherald.co.nz Kiwi Property Group, which manages a $3.1 billion portfolio of shopping centres and office buildings, is selling North City Shopping Centre in Porirua to a private investor for $100 million. This follows Kiwi’s recent sale of The Majestic Centre, an office tower in Wellington, for $123.2m. Kiwi Property had planned to sell the mall for $111m and Majestic Tower for $119m to NZX-listed NPT but NPT shareholders rejected the deal.