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1 Jul 2025 17:12
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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.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Business:
    New World is launching a reusable container trial in September 16:57

    Law and Order:
    A 32-year-old man's been charged with murder - over an inmate's death at Mt Eden Corrections Facility on Friday 16:47

    Entertainment:
    Keke Palmer "would love" to have another child 16:36

    Law and Order:
    A 26-year-old Melbourne childcare worker's facing 70 charges - relating to eight preschoolers aged between five months and two years 16:17

    Business:
    The economy's inching closer to recovery - but hurdles persist 16:17

    National:
    The rising rate of type 2 diabetes in young New Zealanders is becoming a health crisis 16:07

    International:
    Are you experiencing decision paralysis? Here's how to move forward 16:07

    Entertainment:
    Sharon Stone is teaming up with Mugler for a new capsule collection 16:06

    Accident and Emergency:
    A scene guard's at a Foxton Beach home where a six-month-old baby was found critically injured on Sunday morning 15:17

    Business:
    Businesses still see hope on the horizon, but recovery still remains slower than expected 14:57


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