Mackersy Property agreed to acquire Northlands shopping mall from Kiwi Property Group Limited (NZSE:KPG) for NZD 160 million on September 7, 2022. The transaction is subject to the landlord's consent to the transfer of a ground lease over part of the carpark Kiwi Property and approval by its board. The transaction is expected to close on or before November 30, 2022.