17 Aug DNZ Letter to Argosy Unitholders
DNZ Letter to Argosy Unitholders 17/08/2011
DNZ Property Fund has sent a letter to Argosy Unitholders today regarding the Argosy Property Trust (“Argosy”) AGM and Resolutions.
DNZ has supplied a copy of the letter to the NZX and a copy of the letter can also be found on DNZ Property Fund Limited’s website at www.dnzproperty.com.
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: email@example.com
DNZ Property Fund Overview
DNZ Property Fund Limited 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 30 June 2011, DNZ Property Fund owned 50 properties with 285 tenants, a weighted average lease term (WALT) of 4.5 years, an occupancy rate of 98% over a net lettable area of 372,279m², and a portfolio value of $638m (31 March 2011 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 for Australian institutional investors.