Kiwi Property commits to a second office building at Sylvia Park
More people may be working from home, but Kiwi Property is committing to building a $63 million office building, its second on its huge Sylvia Park shopping centre site in Auckland.
Kiwi Property said in a statement to the NZX it would begin construction of a second office building in October this year at the site and had gained resource consent for the $63m, six-storey office building, to be located near its first office building, ANZ Raranga, completed in 2019.
The development is another step in its “mixed use” strategy to lift income from existing assets and build intensive mixed-use developments. Sylvia Park is the country’s largest mall which expanded last year with the completion of a 20,000 square metre extension called The Galleria adding almost 60 shops and a dining precinct.