DNZ
24/07/2014 09:52
MEETING
REL: 0952 HRS DNZ Property Fund Limited
MEETING: DNZ: Annual Meeting and Director Nomination Closing Date
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, 8 August
2014. All nominations must be received in writing by 4.00pm on the closing
date and made by a shareholder.
Nominations should be sent to:
Company Secretary
DNZ Property Fund Limited
PO Box 6320
Wellesley Street
Auckland 1141.
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 $773.35 million* (as at 30 June 2014) of
commercial office, retail and industrial properties located in the main urban
areas throughout New Zealand. As at 30 June 2014, DNZ Property Fund owned 45
properties with 291 tenants, a weighted average lease term (WALT) of 5.5
years and an occupancy rate of 99.21% over a net lettable area of 358,207m2.
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 June 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 51% of the Company's total contract rental.
* 31 March 2014 valuations less assets sold post 31 March 2014 balance date.
End CA:00253029 For:DNZ Type:MEETING Time:2014-07-24 09:52:21
