22 Jul Annual Meeting Chairman and Chief Executive Address
DNZ 2015 Annual Meeting Chairman and Chief Executive Address 22/07/2015
DNZ Property Fund Limited has provided the NZX with a copy of the DNZ Chairman and Chief Executive address for the Annual Meeting that is being held today at 11am, Ellerslie Racecourse, Auckland.
Attachments provided to NZX
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 (“DNZ”) owns one of New Zealand’s largest diversified investment property portfolios with $872.4 million (as at 31 March 2015) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand. As at 30 June 2015, DNZ owned 42 properties with 291 tenants, a weighted average lease term (WALT) of 5.4 years and an occupancy rate of 99.1% over a net lettable area of 337,568m².
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 $118.4 million (as at 31 March 2015) commercial property fund.
DNZ’s top 10 tenants as at 30 June 2015: Bunnings, Progressive Enterprises (Countdown), Foodstuffs (PAK’nSAVE & New World), ASB, NZ Government,
The Warehouse, Fletcher Building, Westpac, Meridian and Lion. These 10 tenants represent 51% of DNZ’s total contract rental.