Kiwi Property Group, one of the country's biggest landlords, has a vast portfolio that includes Sylvia Park, the 38-storey Vero Centre, The Base in Hamilton, and is planning a major town development in Drury.
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Kiwi Property Group Group said the opening of Ikea drove significant foot traffic in the area. (File photo)
The owner of Auckland's Sylvia Park has posted a "robust" full-year result, with a higher operating profit as rental income and occupancy improved, but its bottom line fell as property valuations decreased.
Key numbers for the 12 months ended March 2026 compared with a year ago:
Net profit $50.4m vs $56.9m
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