NPT Limited (NZSE:NPT) is seeking to acquire Majestic Centre and Porirua's North City shopping mall from Kiwi Property Group Limited (NZSE:KPG) for $230 million. Kiwi Property Group told shareholders that negotiations with Kiwi were constructive but taking longer than expected. A shareholders meeting in April, 2017 is also expected to discuss a rival offer from Augusta Capital Limited (NZSE:AUG).