DNZ
25/11/2014 14:41
INTERIM
NOT PRICE SENSITIVE
REL: 1441 HRS DNZ Property Fund Limited
INTERIM: DNZ: Interim Report - six months ended 30 September 2014
The Interim Report for DNZ Property Fund Limited (DNZ) has been mailed to
those Shareholders not registered to receive communications electronically.
The Interim Report is also available on DNZ's website at www.dnzproperty.com.
END
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 - Email: [email protected]
Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited
DDI: 09 913 1154 - Mobile: 0275 443 678 - Email:
[email protected]
Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 - Mobile: 021 536 406 - Email:
[email protected]
DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand's largest diversified
investment property portfolios with $788.0 million (as at 30 September 2014)
of commercial office, retail and industrial properties located in the main
urban areas throughout New Zealand. As at 30 September 2014, DNZ Property
Fund owned 45 properties with 286 tenants, a weighted average lease term
(WALT) of 5.4 years and an occupancy rate of 99.00% over a net lettable area
of 358,307m?.
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors
hold shares and is managed by its own internal management team. DNZ is also
the manager of Diversified NZ Property Fund Limited, a $115.9 million (as at
31 March 2014) commercial property fund.
DNZ's top 10 tenants as at 30 September 2014: Bunnings, Progressive
Enterprises (Countdown), Foodstuffs (PAK'nSAVE & New World), ASB, NZ
Government, Fletcher Building, The Warehouse, Westpac, Meridian and Lion.
These 10 tenants represent 50.2% of the Company's total contract rental.
End CA:00258076 For:DNZ Type:INTERIM Time:2014-11-25 14:41:14
