Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
Freeman will sit on the board of Auckland-based Kiwi Income Properties, the property trust's manager, as an independent director, it said in a statement. She is currently a director of Foodstuffs North Island, ASB Bank and winemaker Delegats Group, and has previously been on the boards of Air New Zealand, SkyCity Entertainment Group, St George Bank NZ, Albert Street Dental, Publicis Group NZ, and Sheffield.
"Ms Freeman's wide knowledge of New Zealand business and her experience as a director will be invaluable in assisting us to continue to deliver upon our strategic objectives," chairman Mark Ford said. "Her experience in the New Zealand retail sector will also be highly valued."
Kiwi Income is New Zealand's second-largest listed property trust. Last year it internalised its management contract, paying Commonwealth Bank of Australia $70.5 million.
The units last traded at $1.18, and have an average rating of 'hold' according to four out of six analyst recommendations surveyed by Reuters, with a median price target of $1.19.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Dollar heads for 1.7% weekly decline after Reserve Bank rules out rate rises
- Lubricant deal slips away as Commerce Commission nixes merger
- Rodney Hide is wrong on climate change
- 'I guess I'm back to piracy' — Auckland man as HBO NOW follows through on cut-off threat
- Mobile network problems for Spark following quake