DNZ September 2011 Investor Update

DNZ September 2011 Investor Update

DNZ September 2011 Investor Update 8/09/2011

DNZ Property Fund Limited September 2011 Investor Update has been sent to shareholders.

Please find below a link to the newsletter below.

DNZ September 2011 Investor Update



For Further Information Please Contact:
Paul Duffy, Chief Executive, DNZ Property Fund Limited
DDI: 09 913 1154 – Mobile: 021 843 758 – 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.

DNZ Property Sales Settlements Completed
DNZ Appointment of PricewaterhouseCoopers as New Company Auditor