Chris Gudgeon, Kiwi Income Property Trust chief executive
Property developers and investors have enjoyed an outstanding year but Kiwi Income Property Trust chief executive Chris Gudgeon could be the star of the bunch.
"He has had an outstanding year," said one institutional investor. "Not only was Kiwi internalised without a hiccup but they have dealt with a number of difficult issues well like earthquake strengthening, corporatisation, strategic review and board refreshment. They continue to improve their disclosure, which is market-leading, and communicate effectively with the investment community.
"Chris gets my vote because in a year of adversity he has worked incredibly hard and made some big changes which will pay dividends down the track."
Gudgeon said he was flattered: "ASB North Wharf has been a standout success, winner of the Property Council's 2014 Supreme Award. Its current value is $170 million, which delivers investors a healthy development margin over its $134 million development cost.
"On the challenging side, Kiwi is fronting up on a major earthquake-strengthening project at the Majestic Centre in Wellington which is more difficult, taking longer and costing more than expected, but our tenants respect us forit.
