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...
DNZ Secures DHL at Airpark Drive, Auckland, for a Further Five Years 7/04/2014 DNZ Property Fund Limited (“DNZ”) is pleased to announce that agreement has been reached with DHL for a lease extension of five years from 1 September 2014 for the facility at 30 Airpark...
DNZ Property Sale Settlement Completed 31/03/2014 DNZ Property Fund Limited confirms that settlement of the sale of the property at 7 Winston Avenue, Christchurch, was completed on 28 March 2014. Net proceeds from the sale have been utilised to repay bank debt. For Further Information Please Contact: Peter...
DNZ Dividend Reinvestment Plan Price Determined 10/03/2014 DNZ Property Fund Limited wishes to advise that the strike price for the shares to be issued under its Dividend Reinvestment Plan in respect of the dividend payable on 14 March 2014 has been set at $1.5064 per share. The...
DNZ - FY14 Third Quarter Dividend 11/02/2014 The Board of DNZ has today approved a third quarter cash dividend of 2.25 cents per share. This dividend will carry imputation credits of 0.607 cents per share. A supplementary dividend of 0.2755 cents per share will be paid...
DNZ Sells Christchurch Office Building 4/02/2014 DNZ Property Fund Limited (DNZ) has unconditionally sold the property at 7 Winston Avenue, Christchurch, for $6.72 million. Settlement is scheduled for 28 March 2014. For Further Information Please Contact: Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited DDI: 09 913 1154...
DNZ Quarterly Portfolio Update – Third Quarter FY14 28/01/2014 FY14 Lease Expiries Reduced, Occupancy Continues at over 99%. This DNZ Property Fund Limited (“DNZ”) announcement is to update the market on the Company’s transactional activity and property portfolio statistics. This update covers the third quarter, being 1...
DNZ Completes New Hydraulink Fluid Connectors Facility at Penrose, Auckland 13/12/2013 DNZ Property Fund Limited (“DNZ”) is pleased to announce the new Hydraulink Fluid Connectors Limited 2,890m2 warehouse and office facility at O’Rorke Road in Penrose, Auckland, has been completed. The 12 year lease with Hydraulink...
DNZ Pays FY14 Second Quarter Dividend and Releases Interim Report 13/12/2013 The second quarter cash dividend of 2.25 cents per share, for the 2014 financial year, will be paid to DNZ Property Fund Limited (“DNZ”) Shareholders today. This dividend carries 0.590 cents per share of imputation...
DNZ Property Fund Limited Dividend Reinvestment Plan Price Determined 9/12/2013 DNZ Property Fund Limited wishes to advise that the strike price for the shares to be issued under its Dividend Reinvestment Plan in respect of the dividend payable on 13 December 2013 has been set at...
DNZ FY14 Interim Results 13/11/2013 DNZ Delivers 52% Lift in Net Profit after Income Tax Portfolio Occupancy 99.4% Cash Dividend of 2.25 cents per share Declared for the Quarter DNZ Property Fund Limited (DNZ) is pleased to announce another positive performance for the six months ended 30 September 2013...
DNZ Completes New AA Insurance Facility at Penrose, Auckland 5/11/2013 DNZ Property Fund Limited (“DNZ”) is pleased to announce the new AA Insurance Limited 1,400m2 warehouse and office facility at O’Rorke Road in Penrose, Auckland, has been completed and the nine year lease with AA Insurance...
DNZ Land Settlement Completed 1/11/2013 DNZ Property Fund Limited (“DNZ”) has settled a 50% share on a vacant 220m² portion of land fronting Johnsonville Road, Wellington, for a purchase price of $220,000. The total purchase price was $440,000 and was purchased with DNZ’s co-owner of the...
DNZ Extension of Bank Facility 31/10/2013 DNZ Property Fund Limited (“DNZ”) is pleased to announce that, effective 31 October 2013, it has refinanced the Company’s bank facility with its banking partners, ANZ Bank New Zealand Limited, Commonwealth Bank of Australia, Bank of New Zealand, and new...