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- Release Date: 17/04/14 17:41
- Summary: OFFICE: DNZ: Notice Pursuant to Listing Rule 10.6.1(d)
- Price Sensitive: No
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DNZ
17/04/2014 15:41
OFFICE
REL: 1541 HRS DNZ Property Fund Limited
OFFICE: DNZ: Notice Pursuant to Listing Rule 10.6.1(d)
Pursuant to Listing Rule 10.6.1(d), DNZ Property Fund Limited announces that
General Manager Property, Patrick O'Reilly, is to cease as an officer and
employee of the Company with effect from 17 April 2014.
END
For Further Information Please Contact:
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 $770.6 million (as at 30 September 2013)
of commercial office, retail and industrial properties located in the main
urban areas throughout New Zealand. As at 31 December 2013, DNZ Property Fund
owned 47 properties with 297 tenants, a weighted average lease term of 5.5
years and an occupancy rate of 99.4% over a net lettable area of 369,407m2.
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors
hold shares and is managed by its own internal management team. DNZ also
holds management rights to Diversified NZ Property Fund Limited, a $117.4
million (as at 30 September 2013) commercial property portfolio.
DNZ's top 10 tenants as at 30 September 2013: Bunnings, Progressive
Enterprises (Countdown), NZ Government, Foodstuffs (PAK'nSAVE & New World),
ASB, Fletcher Building, The Warehouse, Westpac, Meridian Energy and Lion.
These 10 tenants represent 52% of the Company's total contract rental.
End CA:00249624 For:DNZ Type:OFFICE Time:2014-04-17 15:41:56
