DNZ Appointment of Company Secretary

DNZ Appointment of Company Secretary

DNZ Appointment of Company Secretary 21/03/2011

DNZ Property Fund Limited (NZX Code: DNZ) announces today the appointment of Jennifer Whooley as Company Secretary effective from today, 21 March 2011.

 
Tim Storey, Chairman of DNZ Property Fund Limited, says “Jennifer will be taking on the role in conjunction with her position as Chief Financial Officer. Jennifer has been with DNZ for over eight years and her experience and knowledge of the Company’s affairs will be of benefit in her additional role of Company Secretary.”

Ian Hasell, the outgoing Company Secretary and General Manager Corporate Services, will be leaving DNZ on 1 April 2011 after 14 years with the Company. The Board would like to take this opportunity to thank Ian for his contribution to DNZ and to wish him well for his new role as legal counsel for an external organisation.
 


 
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: tim.storey@dnzproperty.com

DNZ Property Fund Overview
DNZ Property Fund Limited (NZX Code: DNZ) owns one of New Zealand’s largest diversified investment property portfolios with commercial office, retail and industrial properties located in the main urban areas throughout New Zealand.

As at 28 February 2011, DNZ Property Fund owned 50 properties with 285 tenants, a weighted average lease term (WALT) of 4.3 years, an occupancy rate of 98% over a net lettable area of 371,481m², net contract rental of $56m with a portfolio value of $649m (latest valuations).

DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares, and is managed by its own internalised management team. DNZ Property Fund Limited also manages the property portfolio of Diversified NZ Property Fund Limited, which is owned by Australian institutional investors.

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