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Overseas Investment Office approves LynnMall acquisition
Overseas Investment Office approves LynnMall
acquisition
15 December 2010
Kiwi Income Properties Limited, as Manager of Kiwi Income Property Trust, advises that the Overseas Investment Office (OIO) has granted consent to the Trust’s acquisition of LynnMall Shopping Centre in Auckland.
On 2 December 2010, the Trust announced it had entered into an agreement to buy the regional shopping centre for $174.0 million, conditional only upon OIO approval. With this consent now granted, settlement will occur on 31 December 2010.
ENDS
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