The Vero Centre
The trust's flagship office asset, the Vero Centre in Auckland, had been valued up by $44m to $300m.
Unisys House in Wellington was revalued by $14m to $74m and the PricewaterhouseCoopers Centre in Christchurch by $13m to $58m.
A value of $420m had been put on the Sylvia Park shopping centre in Auckland, $43m above the projected valuation.
The final fourth stage of that retail project is due to open mid-year, which will also see the opening of the Sylvia Park railway station.
The trust's Centre Place Shopping Centre in Hamilton was revalued up by 22 per cent to $122m while the Northlands Shopping Centre in Christchurch was valued up $19m to $249m and the North City Shopping Centre in Porirua by $18m to $135m.
The trust is projecting a gross dividend of 9.50 cents per unit for the year to March 31, 4.4 per cent of the previous year's dividend.
Kiwi Income shares were up 1c to a record $1.69.
- NZPA