DNZ Settles Westgate Land 26/07/2013 DNZ Property Fund Limited (DNZ) has settled on the purchase of the development land comprising zone 5 of the proposed Westgate Town Centre development in north-west Auckland for $25m. Paul Duffy, Chief Executive of DNZ, said “This development land has a resource...
DNZ Wellington Portfolio Insignificant Earthquake Damage 22/07/2013 DNZ Property Fund Limited advises that its tenants and property assets in Wellington appear to have escaped unharmed from the recent earthquake events. DNZ Chief Executive Paul Duffy said “Engineering inspections of DNZ’s Wellington CBD properties have reported only superficial...
DNZ Quarterly Portfolio Update – First Quarter FY14 10/07/2013 FY14 Lease Expiries reduced, WALT extended to 5.6 years, Occupancy remains 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...
DNZ Announces Allotment Under Share Purchase Plan 5/07/2013 DNZ Property Fund Limited (DNZ) today announces the allotment of shares under its Share Purchase Plan (SPP). The SPP gave Eligible Shareholders the opportunity to subscribe for up to $20 million of new DNZ shares up to a...
DNZ Announces Share Purchase Plan Subscription Price 1/07/2013 DNZ Property Fund Limited (DNZ) today announces the subscription price for the Share Purchase Plan (SPP) has been set at $1.645 representing the lower of: a$1.6575 per Share (being the price paid by investors in DNZ’s recent private placement...
DNZ 2013 AGM and Notice of Meeting 25/06/2013 Notice is given that the Annual Meeting of Shareholders of DNZ Property Fund Limited will be held at the Remuera Room, Ellerslie Racecourse, 80-100 Ascot Avenue, Greenlane, Auckland on Tuesday 13 August 2013, commencing at 10 am. At the...
DNZ Releases 2013 Annual Report and Pays Final Dividend 25/06/2013 DNZ Property Fund Limited today released its 2013 Annual Report and confirms it paid the final quarter dividend for the financial year ended 31 March 2013. The final cash dividend of 2.25 cents per share was paid...
Share Purchase Plan Opens 10/06/2013 Further to the announcement of 22 May 2013, DNZ Property Fund Limited (DNZ) is pleased to advise that the Share Purchase Plan (SPP) opens today. The offer is capped at $20 million and may be subject to scaling. The offer allows Eligible...
Annual Meeting and Director Nomination Closing Date 6/06/2013 For the purposes of NZSX Listing Rule 3.3.5, DNZ Property Fund Limited advises that in respect of its Annual Meeting to be held on Tuesday 13 August 2013, the closing date for director nominations is Friday 21 June...
DNZ Settles Silverdale Centre 31/05/2013 DNZ Property Fund Limited has today settled on the purchase of the Silverdale Centre at 61 Silverdale Street, Silverdale, Auckland for $78.0 million. Paul Duffy, CEO of DNZ said "The acquisition of the Silverdale Centre, a quality fully leased asset, has moved...
DNZ Final Dividend for year ending 31 March 2013 – Revised Appendix 7 provided DNZ Property Fund Limited (DNZ) has provided a revised Appendix 7 form in relation to its final dividend, following the issue of shares today under its recent private placement. As announced previously, the...
DNZ Property Purchase Unconditional 27/05/2013 DNZ Property Fund Limited (DNZ) confirms that the agreement to purchase the development land comprising zone 5 of the proposed Westgate Town Centre development in north-west Auckland for $25m is now unconditional. Settlement is expected in mid-June 2013 following issuance of title. For...
DNZ Successful Completion of $60 Million Placement 23/05/2013 DNZ Property Fund Limited (DNZ) is pleased to announce the successful completion of the $60 million placement of new shares undertaken yesterday. The placement was fully subscribed at an issue price of $1.68 per share. Settlement and allotment...
DNZ Trading Halt of Securities 22/05/2013 DNZ Property Fund Limited (DNZ) announced today that it has requested that NZX place a trading halt on its shares while DNZ is undertaking a bookbuild process for a placement of up to $60 million of DNZ shares to certain...
DNZ Delivers 119% Lift in Net Profit after Income Tax 22/05/2013 DNZ Property Fund Limited (DNZ) is pleased to announce a positive performance for the year ended 31 March 2013 with a 119% lift in net profit after income tax to $45.5m DNZ Chairman Tim Storey said...
DNZ Buys Westgate Town Centre Land in Auckland's Major Growth Node 14/05/2013 DNZ Property Fund Limited (DNZ) has signed a conditional agreement to purchase the development land comprising zone 5 of the proposed Westgate Town Centre development in the north-western growth suburb of Auckland for $25m....
DNZ Retains Westpac for Five Levels at 1 Grey Street, Wellington 7/05/2013 DNZ Property Fund Limited (DNZ) is pleased to announce the completion of a new lease expiring in April 2018 with Westpac at 1 Grey Street, Wellington. This lease is for 4,266m² of office space,...
DNZ Buys Silverdale Centre 24/04/2013 DNZ Property Fund Limited has unconditionally agreed to purchase the Silverdale Centre, at 61 Silverdale Street, Silverdale, Auckland, for $78 million reflecting a forecast initial yield on settlement of 7.2%. Paul Duffy, Chief Executive of DNZ said “The Silverdale Centre’s retail mix...
DNZ 31 March 2013 Valuations and Quarterly Portfolio Update – Fourth Quarter FY13 22/04/2013 Occupancy at 99.6% Portfolio Value up 2.4% 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 fourth...
DNZ Sends April 2013 Investor Newsletter 22/04/2013 DNZ Property Fund Limited has provided the NZX with a copy of the DNZ April 2013 Investor News. The newsletter has been mailed to those Shareholders not registered with DNZ’s registrar, Computershare, to receive communications electronically. The newsletter is also...
DNZ Property Sale Settlement Completed 12/04/2013 DNZ Property Fund Limited confirms that settlement of the sale of the properties at 8 Burnham Street, 7-17 and 19-21 Bouverie Street, Lower Hutt, Wellington, was completed on 12 April 2013. Net proceeds from the sales have been utilised to repay...
DNZ Secures Nine Year Lease with AA Insurance for a New Office Warehouse at O’Rorke Road, Penrose, Auckland 20/03/2013 DNZ Property Fund Limited (“DNZ”) is pleased to announce agreement has been completed with AA Insurance Limited for a new 1,400m² warehouse and office facility at O’Rorke...