Kiwi Income Property Trust has sold Auckland's Beca House for $55 million to a private investor in a deal brokered by CB Richard Ellis at a 8% yield. 

The owner of a quake-damaged Christchurch office tower is hinting it might divert its huge insurance payout into retailing.

Kiwi Income Property Trust's manager says the value of its property portfolio rose $58.7 million, or 3%, to $2 billion in the six months ended March 31, reflecting a turnaround in sales through its shopping centres.