NPT Limited

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About NPT Limited

NPT is a diversified property trust that was established in 1994 and listed in 1996. On 1 April 2011, it moved to a company structure with internalised management and changed its name from National Property Trust to NPT Limited. At March 2017, NPT had five assets valued at NZ$174m (two unconditionally sold). Its key asset is the Eastgate Shopping Centre in Christchurch. This asset was severely disrupted post the 2011 earthquakes and vacant space is slowly being re-leased and the centre repositioned. Its most recent acquisition was the Roskill Centre (retail), which increased exposure to Auckland.

Forsyth Barr Analyst

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02:33 October 22nd 2018 NZDT

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