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.


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


Sym Price Change
USD 0.7113 -0.0037 -0.52%
AUD 0.9370 0.0022 0.24%
EUR 0.6529 -0.0023 -0.35%
GBP 0.5840 0.0000 0.00%
HKD 5.5141 -0.0295 -0.53%
JPY 74.8890 0.1420 0.19%


Commodity Price Change Time
Gold Index 1266.1 -7.300 2016-10-26T00:
Oil Brent 50.0 -0.750 2016-10-26T00:
Oil Nymex 49.2 -0.700 2016-10-26T00:
Silver Index 17.6 -0.190 2016-10-26T00:


Symbol Open High Last %
NZX 50 6896.2 6941.9 6896.2 0.66%
NASDAQ 5272.2 5274.1 5250.3 -0.42%
DAX 10691.9 10772.7 10709.7 0.07%
DJI 18234.8 18253.2 18199.3 0.02%
FTSE 6958.1 7003.9 6958.1 0.41%
HKSE 23347.2 23352.6 23325.4 -0.83%
NI225 17346.4 17414.2 17391.8 -0.32%
ASX 5359.8 5374.2 5359.8 -1.20%