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Executive team changes

Kiwi Property has today announced a new streamlined executive team structure to align more strongly the business to growth opportunities and position better the business for continued success.

Chair, Mark Ford, said: “These changes represent a significant step toward streamlining our business in a way that will greatly enhance our ability to grow revenue, while continuing to focus our teams on creating the spaces that Kiwis love.”

The new executive team structure has been designed to:

  • evolve the company’s core strategy to create mixed-use communities where we can derive the combined economic benefits from synergistic mixed uses, such as office, retail, hotels, civic, entertainment, dining, residential, medical etc.
  • provide dedicated property investment and funds management resources to drive our mixed-use focus and further leverage our property platform into third party asset management opportunities
  • drive rental income growth from the existing property portfolio
  • increase collaboration across the property asset classes and teams, and
  • seek operational efficiencies

“This represents the continued evolution of Kiwi Property’s investment strategy, establishing clear paths and accountabilities for growth and business focus,” said Mr Ford.
Chief Executive Officer, Clive Mackenzie, said: “The Company’s strategy has been gradually evolving beyond standalone office and retail property ownership to a more diversified investment approach.”

“The organisational re-alignment further cements our strategic evolution to more purposefully focus our business on extracting value from a mixed-use property approach, and by building additional income streams, such as from funds management and third-party asset management.”

The new executive team structure comprises the following roles

David Greenwood, Jason Happy, Shelley Jenkin, Natasha Loulanting and Trevor Wairepo, will continue to support the business in their roles.

After progressing through the business in several roles over 13 years, Stuart Tabuteau has decided to pursue new opportunities and will remain in the role of Chief Financial Officer
until the end of June 2019.

Mr Mackenzie said: “Stuart has been instrumental in shaping our finance team and investor reporting, and has assisted the business on many of its major capital markets and corporate
initiatives, including the company’s internalisation and corporatisation events. I take this opportunity to thank Stuart for his 13 years at Kiwi Property and wish him every success in his
future endeavours.”