Pumpkin Patch chair Jane Freeman joins Kiwi Income Property board

Jane Freeman
Kiwi Income Properties 12-month price history (NZX.com)

Jane Freeman, chair of childrenswear retailer Pumpkin Patch [NZX: PPL], has been appointed to the board of listed property investor Kiwi Income Property Trust's [NZX: KIP] manager.

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.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6700 0.0007 0.10%
AUD 0.9315 -0.0009 -0.10%
EUR 0.6010 -0.0017 -0.28%
GBP 0.4579 0.0003 0.07%
HKD 5.2055 0.0070 0.13%
JPY 74.3430 0.1700 0.23%

Commods

Commodity Price Change Time
Gold Index 1212.7 -6.530 2016-05-27T00:
Oil Brent 50.0 0.550 2016-05-27T00:
Oil Nymex 49.3 -0.080 2016-05-27T00:
Silver Index 16.3 -0.070 2016-05-27T00:

Indices

Symbol Open High Last %
NZX 50 7023.3 7037.0 7019.6 0.17%
NASDAQ 4904.1 4933.5 4901.8 0.65%
DAX 10293.4 10338.4 10286.3 0.46%
DJI 17826.8 17873.2 17828.3 0.25%
FTSE 6265.6 6275.9 6265.6 0.08%
HKSE 20523.7 20765.6 20576.8 0.26%
NI225 16973.7 17068.0 16834.8 1.39%
ASX 5408.0 5408.0 5408.0 -0.18%