Centre Place Shopping Centre

Centre Place is predominately an enclosed, two level city centre, situated in the heart of the of the Hamilton CBD.  The Centre originally commenced trading during 1985 and has been periodically refurbished and extended, with the most recent major refurbishment completed in 2002. 

Previously known as Downtown Plaza, this single level centre has now been rebranded under Centre Place.  Following the relocation of The Warehouse, the Trust purchased their vacant 3,200m² building in December 2005.  In 2006 a significant reconfiguration and refurbishment programme commenced on the two properties, linking them together as one.  The refurbishment of the foodcourt was completed in 2007.

Kiwi Income Property Trust (KIP or the ‘Trust’) is New Zealand’s largest listed diversified property trust with $1.85 billion (as at 31 March 2010) invested in a diversified portfolio of retail and office assets located throughout New Zealand. The Trust also has a mandate to invest in industrial properties as and when the opportunities arise.

The Trust was founded in 1992, and a year later became New Zealand’s first listed property trust.  KIP invests only in New Zealand real estate, a mandate which it has followed since inception.  At 31 March 2010 the Trust’s portfolio comprises 14 assets located across New Zealand.  

The Trust is managed by Kiwi Income Properties Limited, a company which is ultimately owned by Colonial First State Global Asset Management, the largest manager of Australian-sourced funds, and in turn the Commonwealth Bank of Australia. 

The Trust’s vision is to be New Zealand’s leading property investment vehicle with a diversified portfolio of high quality assets providing superior returns. 

The Trust’s objective is to optimise earnings and provide attractive long-term sustainable returns to investors through the strategic acquisition, professional management and ongoing development of office, retail and industrial property assets.