Kiwi Income raid snares 19.9pc of Capital Properties

Kiwi Income Property Trust today completed a lightning raid to snare 19.9 per cent of Capital Properties at $1.15 a share.

The $55 million raid was via a stand in the market through broker Goldman Sachs JBWere and was on a first-come-first-serve basis.

Capital Properties shares settled 8c up at $1.10 after the raid.

Shares in Kiwi Income fell 1c to $1.09.

- NZPA