DNZ 2012 Annual Meeting Chairman’s and Chief Executive’s Address

DNZ 2012 Annual Meeting Chairman’s and Chief Executive’s Address

DNZ 2012 Annual Meeting Chairman’s and Chief Executive’s Address 15/08/2012

DNZ Property Fund Limited has provided the NZX with a copy of the DNZ Chairman’s and Chief Executive’s address for the Annual Meeting that is being held today at 10am, Ellerslie Racecourse, Auckland.

 


 
Attachments provided to NZX
DNZ 2012 Annual Meeting Chairman’s and Chief Executive’s Address
DNZ 2102 Annual Meeting Presentation

Downloads


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

Paul Duffy, Chief Executive, DNZ Property Fund Limited
DDI: 09 913 1154 – Mobile: 021 843 758 – Email: paul.duffy@dnzproperty.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 2012, DNZ Property Fund owned 51 properties with 252 tenants, a weighted average lease term (WALT) of 5.6 years and an occupancy rate of 98.6% over a net lettable area of 379,960m².

DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internal management team. DNZ Property Fund Limited also manages the $105m property portfolio of Diversified NZ Property Fund Limited for Australian institutional investors.

DNZ’s top 10 tenants as at 30 June 2012: Bunnings, Progressive Enterprises (Countdown), NZ Government, Fletcher Building, Foodstuffs (PAK’nSAVE & New World), ASB, Meridian Energy, Mitre 10, Lion and Westpac. These 10 tenants represent 52% of the Company’s total contract rental.

DNZ Property Sale Settlement Completed
DNZ Property Fund Limited (DNZ) 2012 Annual Meeting Results