ZT: Auckland mall expansion planned by Kiwi Income Property Trust

NewLynnHse

http://www.nzherald.co.nz/proper ... p;objectid=11303868

A new dining/restaurant and cinema zone at West Auckland's LynnMall and apartments and offices at Sylvia Park are planned.

Chris Gudgeon, chief executive of New Zealand's biggest NZX listed landlord, the $2.2 billion Kiwi Income Property Trust, told of plans for the sites in a Herald video interview.

"We're planning a dining lane and entertainment precinct and that's part of what we do in retail these days is round out the offer to include dining and entertainment with traditional retail," he said of LynnMall, where he forecast work could start next year.

"Within the confines of the land holding, we'll build a new footprint to take cinema and the dining precinct," he said, saying seven theatres and a $30 million-plus spend were likely.

Changes at Sylvia Park appear to be further away, with Kiwi eyeing the intensification site, now largely carparking.

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walker123

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