Rental income has, however, dropped due to asset sales.

Auckland's retail scene is set to balloon in the coming years.

Sylvia Park is set to get a massive Kmart store.

The Auckland mall fills 14 three-cubic metre bins of waste a day - 600 tonnes per year.

Two giant Auckland malls are expanding simultaneously.

Kiwi Property board approves $223m expansion

New dining lane opens today in Auckland.

Kiwi Property Group wants to raise as much as $125 million.

Kiwi Property Group lifted first-half profit 5 per cent.

ANZ and Westpac have left LynnMall over seismic concerns with older parts of the mall.

It already sees around 13 million shopper visits a year, but it's getting even bigger.

Two big department stores coming to Sylvia Park - but mall owners won't divulge who.

The value of its property portfolio rose at a slower pace, and it expects more moderation.

On the table is a proposal to vastly expand NPT via a deal with the Kiwi Property Group.

Auckland foodies can look forward to a new multi-million-dollar food precinct opening.

A2 Milk jumps as Bellamy's cuts revenue forecast.

Christmas shopping is in full swing across the country and while children are the main focus for this, fur babies are also getting spoilt.

Auckland-based Kiwi Property plans to sell two shopping centres to NPT for cash and shares worth $230 million.

Zara, the world's biggest clothing retailer, will open its first New Zealand store early next month.

The first New Zealand premises for the world's biggest global clothing brand is preparing to open in Auckland.

Kiwi Property Group plans to build an $80m office tower as part of a broader development of the Sylvia Park retail centre.

Shoppers at Sylvia Park will today get a glimpse of the first New Zealand store to be opened by popular global fashion chain Zara.

The wait for shoppers is almost over with international clothing retailer H&M set to launch this spring.

Portfolio gain, rental income growth delivers record full-year profit for Kiwi Property.

Kiwi Property will buy 50pc of The Base after Waikato-Tainui turned down a proposal to buy all of the Hamilton shopping centre.

One of NZ's biggest shopping centre owners has bought a half share of Hamilton's The Base mall for $192.5 million.

Kiwis are buying more than just toys and cards at the malls - sales of movie tickets, travel and telecommunications are soaring.

KiwiProperty has sold part of its Hamilton mall to an undisclosed buyer for $46.7 million.

To have Zara and H&M announce their first NZ stores will be opening in late 2016 speaks volumes about our vision for Sylvia Park to be a world-class retailing destination.

Retail analysts are warning that the industry will need to "up its game" with international clothing giants Zara and H&M set to move into Sylvia Park next year.