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5 Jul 2022 12:43
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  •   Home > News > Business

    A better picture of Ikea's inaugural New Zealand store at Sylvia Park

    A better picture of Ikea's inaugural New Zealand store at Sylvia Park


    Kiwi Property Group has announced a14 percent rise in bottom-line profit, partly due to an expansion of the Auckland shopping centre and revaluations.

    It's announced last year's 196.5 million dollars net profit rose to 224.3 million for the year to March 31.

    The company also cited its deal with Ikea - which plans to open beside Sylvia Park.

    The Group says it's struck a deal with the European giant to sell 3.2 hectares of land on Te Ahoterangi Rise.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     05 Jul: A clear signal for the Reserve Bank out of the latest survey on business confidence
     05 Jul: Former workers of a Dunedin bakery will finally see the total compensation owed to them
     05 Jul: Credit demand is softening, as interest rates increase
     05 Jul: The number of people wanting to borrow money is expected to keep falling
     05 Jul: A lack of consumer confidence is taking a bite out of demand for credit
     05 Jul: Salaries are rising in many parts of the country, as the cost of most things continue to increase
     04 Jul: A surprise housing market stat ... should be taken with a pinch of salt
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     Today's News

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    Entertainment:
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    Business:
    Former workers of a Dunedin bakery will finally see the total compensation owed to them 11:49

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    Business:
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