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...
Whangarei Property Settlement and Conditional Dates Extended 8/10/2010 The Board has agreed to extend the settlement date from 15 October 2010 to 12 November 2010 for the conditional sale of the property on the corner of Tauroa Street and State Highway One, Whangarei. The conditional date has...
Update on Christchurch Properties post Earthquake 13/09/2010 DNZ Property Fund Limited’s property at 7 Winston Avenue, Papanui will reopen today after it suffered minor damage from the Christchurch earthquake. DNZ is pleased to advise that engineering reports have confirmed that the building is structurally sound. Minor works...
DNZ Two Christchurch Properties Earthquake Status 6/09/2010 DNZ Property Fund Limited has two properties located in Christchurch, one at 62 Columbia Avenue, Hornby and one at 7 Winston Avenue, Papanui. Preliminary reports indicate damage at the distribution centre in Hornby is limited to the racking systems and...
DNZ Sells Whangarei Property 6/09/2010 DNZ Property Fund Limited is pleased to announce the conditional sale of corner Tauroa Street and State Highway One, Whangarei for $13,595,612 with settlement expected on 15 October 2010. The sale of the property is part of the asset sale program disclosed...
DNZ Referring Carrington Securities LP Offer to Securities Commission and NZX 23/08/2010 The Board of DNZ Property Fund Limited is disappointed to report that the below market offer from Carrington Securities LP acquired over 2.2 million shares from DNZ Property Fund Limited’s smaller shareholders. The Board...
NZX welcomes DNZ Property Fund to Main Board 16/08/2010 16 August 2010 - NZX is pleased to welcome DNZ Property Fund to its Main Board today. The opening quote for DNZ’s shares is at the top end of the range at 97 cents, a clear indicator of...
DNZ Sets Price For Share Offer 11/08/2010 Following completion of the bookbuild process, the Board of DNZ Property Fund has set an Offer Price of $0.97 per Share for all investors in its Offer which opened on July 19. All existing Shareholders who applied for their entitlement...
Warning - NZ Investment Securities LP Offer for DNZ Property Fund Shares 10/08/2010 DNZ Property Fund Limited has been advised that NZ Investment Securities LP has sent an unsolicited letter to shareholders making an offer to buy their shares at 75 cents per share. This latest offer...
Warning - Carrington Securities LP Offer for DNZ Property Fund Shares 2/08/2010 DNZ Property Fund Limited has been advised that Carrington Securities LP has sent an unsolicited letter to shareholders making an offer to buy their shares at 60 cents per share. The offer of 60...
DNZ Registers Investment Statement & Prospectus 9/07/2010 The Board of DNZ is pleased to advise that an Investment Statement and Prospectus was registered on 9 July 2010 with the Companies Office. Under that Investment Statement and Prospectus, New Zealand resident Shareholders in the Company are being offered...
DNZ Annual Meeting Thursday 8 July 2010 Results 8/07/2010 The Board of DNZ is pleased to advise that both resolutions, as set out in the Notice of Meeting dated 21 June 2010, were approved by shareholders at the Annual Meeting held on 8th July 2010. Of the...
DNZ Internalises Manager 5/07/2010 On Friday 2 July 2010 the Board of DNZ Property Fund confirmed that the previous management arrangements have been terminated, and DNZ is now led by its Board with Paul Duffy employed as CEO. The company now has a new constitution that enables...
DNZ Trading Halt 30/06/2010 As stated in the Notice of Meeting for the Annual Meeting to be held on 8 July 2010, the DNZ Property Fund Board has suspended trading of DNZ Shares on the Unlisted Market from 5pm 30 June 2010. It is not expected that...
Limited Capital Raising for DNZ Property Fund 8/06/2010 DNZ Property Fund chairman Tim Storey today confirmed the Company is considering a $35 million capital raising and will put the matter to shareholders for approval at the Annual Meeting, with the date and venue to be finalised...
DNZ Confirms Management Contract Buyout 4/06/2010 The Board of DNZ Property Fund today confirmed that conditional agreement had been reached on a $32 million termination of the existing management contract with the management function of the $700 million portfolio to be brought in-house. An additional $3m will...