DNZ / Argosy Merger - Update 2/06/2011 DNZ Property Fund Chairman, Tim Storey, and Chief Executive, Paul Duffy, met today with Trevor Scott and Peter Brook, the independent directors of Argosy to discuss a possible merger of the two entities. “No progress was made as the...
DNZ Property Fund has announced a very satisfying financial result for 2011 that it says leaves the Company well placed for the coming 2012 financial year. Highlights include: A successful IPO and $45 million capital raising An NZX listing on 16 August 2010 Positive share price growth ($0.97...
Proposal to Merge DNZ and Argosy 18/05/2011 Following DNZ’s announcement on 11 May 2011 stating that it had approached Argosy to discuss a proposed strategic merger, DNZ submitted a written proposal to the Independent Directors of Argosy last week. Argosy has yesterday acknowledged receipt of the proposal...
DNZ Letter to Shareholders Regarding Argosy Merger Proposal 17/05/2011 Letter to keep Shareholders informed of a strategic initiative that DNZ is considering reagrading Argosy Property Trust. Dear Shareholder, As you may be aware DNZ has a proposal with Argosy Property Trust, a similar property based fund, to merge...
DNZ Proposes Merger With Argosy 11/05/2011 DNZ Property Fund has approached the NZX listed Argosy Property Trust with a proposed strategic merger alternative to Argosy’s previously announced plans to internalise its management contract. DNZ Chairman Tim Storey said a strategic initiative to merge the two listed...
DNZ NZX Announcement - Distributable Profit Guidance - Tax Ruling - Valuation Movement 20/04/2011 DNZ Distributable Profit Ahead of Prospective Financial Information Forecast DNZ Property Fund announced today that its distributable profit for the financial year ending 31 March 2011 will be approximately $1.6 - $1.9 million...
DNZ Vacant Land Sales Bring Development Land to Less Than 1.25% of Total Portfolio 28/03/2011 DNZ Property Fund Limited (NZX code: DNZ), is pleased to advise the sale of two vacant lots at Tauriko Industrial Estate, Tauranga, settled on 25 March 2011. Following the settlement of these...
DNZ Extends Springs Road, East Tamaki, Lease to Lion Nathan 24/03/2011 The 21,000m² Springs Road facility in East Tamaki, Auckland, is one of New Zealand’s largest liquor packaging and distribution operations, with Lion Nathan occupying the whole site. Paul Duffy, Chief Executive of DNZ says “This...
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...
The Securities Commission has just released an announcement about various Whimp offers, including the Energy Securities LP offer for DNZ shares. The Securities Commission has found that the offer was misleading. Energy Securities LP is required to send a corrective statement to DNZ shareholders by 5:00...
WARNING: “Low Ball” Offer for DNZ Shares by Energy Securities LP, a limited partnership associated with Bernard Whimp 16/03/2011 DNZ Shareholders have received an offer for their shares from Energy Securities LP, the general partner of which is Bernard Whimp (believed to be the same Bernard...
DNZ Investor Update March 2011 14/03/2011 DNZ Property Fund Limited March 2011 Investor Update has been sent to shareholders. Please find below a link to the newsletter which is available on DNZ's website. Downloads [wpdm_package id='18544'] For Further Information Please Contact: Tim Storey, Chairman, DNZ Property Fund Limited Mobile: 021 633...
DNZ Jackson Street, Petone, Property Settlement Completed 1/03/2011 The sale of the property at 33-43 Jackson Street, Petone, Wellington, settled on 25 February 2011. Net settlement funds from the sale will be utilised to repay bank debt. For Further Information Please Contact: Paul Duffy, CEO, DNZ Property Fund Limited Phone:...
DNZ Two Christchurch Properties 24/02/2011 DNZ Property Fund Limited has advised that its tenants and property assets in Christchurch appear to have escaped unharmed from Tuesday’s devastating earthquak DNZ Chief Executive Paul Duffy said tenants in the company’s Christchurch owned buildings at 62 Columbia Avenue, Hornby and...
DNZ Property Fund Limited (DNZ) 31 March 2011 Earnings Guidance, Dividend Announcement and Transaction Update 9/02/2011 31 March 2011 Earnings Guidance The Board of DNZ Property Fund Limited (NZX code: DNZ), is pleased to confirm today that the Company will achieve its forecast distributable earnings for...
Bush Road Property Settlement Completed 1/02/2011 The sale of the vacant property at 231 Bush Road, Albany, Auckland settled on 28 January 2011. The sale of this property in conjunction with the sale of 33-43 Jackson Street, Petone (contracted to settle on 25 February 2011) completes the...
Whangarei Property Settlement Completed 22/11/2010 The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei for $13.6m settled on 19 November 2010. The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei for $13.6m settled...
DNZ Interim Results for the Six Month Period to 30 September 2010 11/11/2010 The Board and Management of DNZ are pleased to announce a very positive six months ended 30 September 2010. Highlights: Successful IPO and capital raise of $45 million NZX listing on 16 August 2010 Positive share price...
DNZ Property Fund Completes Asset Sales Programme 9/11/2010 The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei, is now unconditional, with settlement contracted for 19 November 2010. The sale of the property at 143-149 First Avenue and 243-255 Cameron Road,...
DNZ Property Fund Transaction Update 1 November 2010 1/11/2010 Divestments DNZ Property Fund has unconditionally sold its property at 33-43 Jackson Street, Petone ($13.6m) and a vacant property at 231-233 Bush Rd, Albany ($7.1m) following unsolicited offers on both properties, with settlements on 25 February 2011...
DNZ Enters NZX 50 and NZX Property Indices 8/10/2010 The Directors of DNZ Property Fund are pleased to announce that the company is now included in the NZX 50, NZX 50 Portfolio, NZX MidCap, NZX All and NZX Property indices. Tim Storey Chairman of DNZ Property Fund...
DNZ Offers Share Sale Service 8/10/2010 DNZ Property Fund Limited today sent a letter to shareholders who hold 25,000 DNZ shares or less offering to facilitate the sale of their shares on the NZSX on a nil commission basis. Tim Storey Chairman of DNZ Property Fund says...