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Carey Smith, NZ Chief Executive, Ray White Real Estate Limited

The Palms Shopping Centre Retailer Update 01 March

01 March 2011 – 02:48PM

Centre Management would like to ensure that any information in the market about The Palms Shopping Centre is factually accurate.

We would like to thank our retailers for their feedback and information about a rumour which is currently circulating. It is not accurate that “the entire centre will be demolished.”

Structural engineers are currently developing a remedial plan for each of the areas in the centre. Once finalised, we will discuss this plan with our retailers directly.

The Palms Shopping Centre remains closed today.

We will continue to provide daily updates on The Palms Shopping Centre Facebook page and website.

http://www.facebook.com/pages/The-Palms-Shopping-Centre/144755025564699

www.thepalms.co.nz

Retailers can also ring 0800 SHOP AMP (0800 7467 267) for daily updates.

ends

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