Centre Place North likely to be sold
Competition with The Base and other sites is one of the reasons behind an intended sale of Centre Place North.
The CBD mall is owned by Kiwi Property, and chief executive Clive Mackenzie said the company had signalled it would be an asset for disposal.
However, it's not on the market yet.
Mackenzie said the city was "going through a negative contraction" in retail.
"Unfortunately that's reflected in the performance of that centre."
Kiwi Property also owns the Base, in a joint venture with Tainui.
Read more here.
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