Kiwi Income Property Trust, the biggest listed property investor, will sell a two-tower office complex in Auckland CBD to a company associated with privately held Brisbane-based Bloomberg Incorporation.

The trust’s manager, Kiwi Income Properties, has entered into a sale and purchase agreement with Auckland City Holdings in a two-stage deal that will see KIP paid $NZ47.5 million ($A42.11 million) up front for 50 per cent of 205 Queen Street, it said in a statement on Wednesday. The remaining…