DNZ
19/09/2014 10:41
OFFICE
REL: 1041 HRS DNZ Property Fund Limited
OFFICE: DNZ: DNZ Property Fund Limited (DNZ) announces new officers
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, Manager
Real Estate Investment Management. The other members of the executive team
are Jennifer Whooley, Chief Financial Officer, and Roy Stansfield, General
Manager Retail.
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:00255442 For:DNZ Type:OFFICE Time:2014-09-19 10:41:29
