06 Sep DNZ Appointment of PricewaterhouseCoopers as New Company Auditor
DNZ Appointment of PricewaterhouseCoopers as New Company Auditor 6/09/2011
DNZ Property Fund Limited announced today that it has appointed PricewaterhouseCoopers as the Company’s auditor through to the next Annual General Meeting, which is expected to take place in August of next year.
Shareholders will be asked to confirm PricewaterhouseCoopers as DNZ’s new auditor at that meeting.
The appointment has been made to fill the casual vacancy following the resignation of the Company’s previous auditor, Staples Rodway, in providing audit services to the Company. Staples Rodway will remain as tax advisor to DNZ. The Board of DNZ would like to thank Staples Rodway for their audit services which have been provided since 1999.
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: [email protected]
DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand’s largest diversified investment property portfolios with commercial office, retail and industrial properties located in the main urban areas throughout New Zealand.
As at 30 June 2011, DNZ Property Fund owned 50 properties with 285 tenants, a weighted average lease term (WALT) of 4.5 years, an occupancy rate of 98% over a net lettable area of 372,279m², and a portfolio value of $638m (31 March 2011 valuations).
DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internal management team. DNZ Property Fund Limited also manages the property portfolio of Diversified NZ Property Fund Limited for Australian institutional investors.