Wednesday 20th August 2014
|Text too small?|
Jane Freeman, chair of childrenswear retailer Pumpkin Patch, has been appointed to the board of listed property investor Kiwi Income Property Trust's manager.
Freeman will sit on the board of Auckland-based Kiwi Income Properties, the property trust's manager, as an independent director, it said in a statement. She is currently a director of Foodstuffs North Island, ASB Bank and winemaker Delegats Group, and has previously been on the boards of Air New Zealand, SkyCity Entertainment Group, St George Bank NZ, Albert Street Dental, Publicis Group NZ, and Sheffield.
“Ms Freeman’s wide knowledge of New Zealand business and her experience as a director will be invaluable in assisting us to continue to deliver upon our strategic objectives," chairman Mark Ford said. "Her experience in the New Zealand retail sector will also be highly valued.”
Kiwi Income is New Zealand's second-largest listed property trust. Last year it internalised its management contract, paying Commonwealth Bank of Australia $70.5 million.
The units last traded at $1.18, and have an average rating of 'hold' according to four out of six analyst recommendations surveyed by Reuters, with a median price target of $1.19.
No comments yet
NZ dollar rises as US-China trade, Brexit tensions ease
SkyCity shares hit 7-week low as fire encapsulates convention centre
Wrightson showcases Fruitfed Supplies as horticulture stands out
Fonterra rivals fear dairy giant will get leg up from law overhaul
Wellington Drive remains in the black as it raises operating forecast
OMV plans further maintenance at Pohokura
Sky continues sports drive with extension to netball rights
Apple's asset-shuffling puts $270m value on PowerbyProxi
Fonterra lifts payout forecast on improving global dairy prices
22nd October 2019 Morning Report