In 2002, Colonial First State acquired a 100% shareholding in the management company of Kiwi Income Property Trust, making it a wholly owned subsidiary.
In 2013 a consortium of investors purchased all Kiwi Income shares from Colonial First State leading to a successful vote on 5 December 2014 to rebrand the organisation as Kiwi Property Group, register it as a New Zealand company (rather than a trust)[3] and change its NZX ticker code to NZX: KPG.
[4] It was also reported that they entered into a joint-venture with Tainui Group Holdings to own and manage 50% of The Base in Hamilton for $192.5 Million.
In 2019, the company opened ANZ Raranga, the first office building at Sylvia Park marking an important milestone in the site's mixed-use evolution.
[8] In October 2020 Kiwi Property opened the $277 million galleria level expansion at Sylvia Park, featuring an additional 20,000 square metres of retail space, 50 new stores and The Terrace dining precinct.
[9] Almost a year later, in September 2021, the company began construction of Resido, a 295 apartment build-to-rent development on the northern border of Sylvia Park.
Sylvia Park is a large shopping centre and mixed-use precinct in the Auckland suburb of Mount Wellington, New Zealand.
The Sylvia Park Precinct is made up of: New Zealand's first shopping centre, LynnMall, has been serving Auckland's western suburbs since opening in 1963.
[35] The Aurora Centre located at 56 The Terrace in Wellington was acquired by Kiwi Property in April 2004 and underwent a comprehensive refurbishment and seismic strengthening project in 2016.