DNZ Sells Industrial Property in Hamilton 10/12/2014 DNZ Property Fund Limited (DNZ) has entered into an unconditional contract to sell the industrial property at 709 Te Rapa Road, Hamilton, for $12,400,000. The property was valued at $12,400,000 in the 30 September 2014 interim results. DNZ has previously...
DNZ Sells Two Wellington Properties 4/12/2014 DNZ Property Fund Limited (DNZ) has unconditionally sold two properties in Wellington: 12 Tyers Road and 13 Jarden Mile. The total sale price of $5.3m represents a 5.5% premium above book value. DNZ has previously announced that the $155m Westgate Mall...
DNZ acquires 2% convertible notes in its managed Property Fund 17/11/2014 DNZ Property Fund Limited (DNZ) has acquired 2,126,571 convertible notes (approximately 2%) in Diversified NZ Property Fund Limited for $1,602,315. Diversified NZ Property Fund Limited is a wholesale investment fund managed by DNZ. The convertible notes...
DNZ Interim Result for the six months ended 30 September 2014 12/11/2014 DNZ has released its Interim Report and Interim Result Presentation for the six months ended 30 September 2014. DNZ has delivered a positive result for the six months to 30 September 2014 with a...
Extension of Bank Facility and renegotiation of line fees and margins 31/10/2014 DNZ Property Fund Limited (“DNZ”) has advised, effective 31 October 2014, it has refinanced its bank facility extending the term of the two tranches of $200,000,000 each for a further one year, with Tranche...
Westgate Mall over 77.5% pre-leased, 30 September 2014 Valuations and FY15 Q2 Portfolio Update 24/10/2014 Westgate Mall over 77.5% pre-leased Portfolio Value increases by net 1.4% or $10.73m DNZ Quarterly Portfolio Update – Second Quarter FY15 This announcement is to update the market on DNZ Property Fund Limited’s (“DNZ”)...
DNZ Announces New Officers 19/09/2014 DNZ announces that as a result of recent enhancements to its management structure, the executive team reporting directly to Chief Executive Peter Alexander has been extended to include Andrew Hay, Portfolio Manager, Steve Lewis, National Retail Development Manager, and Philip Littlewood,...
DNZ 2014 Annual Meeting Results 5/09/2014 DNZ has declared the poll results of the four resolutions put to the Company’s Annual Meeting in Auckland this morning. All four resolutions were passed as follows: Resolution 1 That the re-appointment of PricewaterhouseCoopers as auditor of the Company be recorded...
DNZ 2014 Annual Meeting Chairman and Chief Executive Address 5/09/2014 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...
DNZ Notice of Meeting and Proxy Form 26/08/2014 Further to the DNZ’s announcement of 24 July 2014, the Annual Meeting of Shareholders is being held on Friday, 5 September 2014, commencing at 10.00am. Shareholders can vote either online, in person at the meeting on Friday, 5 September...
DNZ Property Fund Limited (DNZ) - FY15 First Quarter Dividend 12/08/2014 The Board of DNZ has today approved a first quarter cash dividend for the financial year ending 31 March 2015 (FY15) of 2.375 cents per share. This is an increase of 5.56% from the previous...
Annual Meeting and Director Nomination Closing Date 24/07/2014 For the purposes of NZX Main Board Listing Rule 3.3.5, DNZ Property Fund Limited advises that in respect of its Annual Meeting to be held on Friday, 5 September 2014, the closing date for director nominations is Friday,...
DNZ Quarterly Portfolio Update – First Quarter FY15 21/07/2014 FY15 Lease Expiry Reduced to 4.49%, Westgate Mall over 55% pre-leased This announcement is to update the market on DNZ Property Fund Limited’s (“DNZ”) transactional activity and property portfolio statistics for the first quarter, being 1 April 2014...
DNZ Adds Australasian Real Estate Expertise to Board 17/07/2014 DNZ Property Fund Limited (“DNZ”), which owns one of New Zealand’s largest diversified investment property portfolios, today announced it has bolstered its board with the appointment of Australian based property executive Michelle Tierney as a non-executive, independent...
DNZ Property Sale Settlement Completed 1/07/2014 DNZ Property Fund Limited (DNZ) confirms that settlement of the sale of the property at 968 Great South Road, Auckland, has been completed. Net proceeds from the sale have been utilised to repay bank debt. For Further Information Please Contact: Peter Alexander,...
DNZ Releases 2014 Annual Report and Pays Final Dividend 24/06/2014 DNZ Property Fund Limited today released its 2014 Annual Report and confirms it paid the final quarter dividend for the financial year ended 31 March 2014. DNZ Property Fund Limited today released its 2014 Annual Report and...
Countdown Renews for Six Years at Mt Wellington Shopping Centre 20/06/2014 DNZ Property Fund Limited (“DNZ”) is pleased to announce that Progressive Enterprises has renewed its lease for the Countdown supermarket at Mt Wellington Shopping Centre, Auckland, for a further six years to 14 December 2020. This...
DNZ Sells Auckland Industrial Building 6/06/2014 DNZ Property Fund Limited (DNZ) has unconditionally sold the property at 968 Great South Road, Auckland, for $6.8 million. The sale price represents a 7.62% yield on passing rental and a 4.62% premium above 31 March 2014 book value. DNZ has...
DNZ Annual Results for the year ended 31 March 2014 22/05/2014 Lift in Operating Profit before Other Income and Income Tax of 11.6% Portfolio Valuation Increase of $18.7m up 2.5% net Portfolio Occupancy at 99.5% Highlights For the year ended 31 March 2014 (FY14) (year ended 31...
DNZ Quarterly Portfolio Update – Fourth Quarter FY14 and 31 March 2014 Valuations 14/05/2014 Occupancy at 99.5% DNZ Portfolio Value Increase of $18.66 million (2.5%) This announcement is to update the market on DNZ Property Fund Limited’s (“DNZ”) transactional activity and property portfolio statistics for the fourth...
DNZ Property Fund Organisational Restructure 14/04/2014 DNZ Property Fund (DNZ) today announced the restructure of its management team as part of an on-going review of its operations and strategy. DNZ CEO Peter Alexander said that, “Since starting with DNZ in December 2013 I have lead a...
DNZ Gets Underway with Westgate Regional Mall 8/04/2014 DNZ Property Fund Limited (“DNZ”) has confirmed construction of its new enclosed shopping centre (“Mall”) at Westgate has started. The mall, which is scheduled to open in October 2015, is part of a new regional town centre at...