The $155 million NorthWest Shopping Centre at Auckland’s Westgate will open in October.
The property investor has entered into an unconditional contract to sell the building to an unidentified buyer for about $450,000.
"This acquisition fits well with our strategy" chief executive Peter Alexander said.
Net profit rose to $68.8 million, or 23.14c per share, in the 12 months ended March 31.
The company has an unconditional agreement to sell its Te Rapa Road industrial site for book value to an undisclosed buyer.
DNZ Property Fund sold two Wellington buildings for $5.3 million.
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