Author: Luke Jenkins

DNZ and Argosy Unitholders Request Special Meeting 24/06/2011 DNZ Property Fund and institutional Argosy Unit Holders have signed a meeting requisition requesting a Special Meeting of Argosy investors to vote on resolutions to ensure transparent consideration of options for Argosy’s future.   Argosy Unit Holders DNZ Property...

DNZ / Argosy Merger - Update 2/06/2011 DNZ Property Fund Chairman, Tim Storey, and Chief Executive, Paul Duffy, met today with Trevor Scott and Peter Brook, the independent directors of Argosy to discuss a possible merger of the two entities.   “No progress was made as the...

DNZ Property Fund has announced a very satisfying financial result for 2011 that it says leaves the Company well placed for the coming 2012 financial year.   Highlights include: A successful IPO and $45 million capital raising An NZX listing on 16 August 2010 Positive share price growth ($0.97...

Proposal to Merge DNZ and Argosy 18/05/2011 Following DNZ’s announcement on 11 May 2011 stating that it had approached Argosy to discuss a proposed strategic merger, DNZ submitted a written proposal to the Independent Directors of Argosy last week.   Argosy has yesterday acknowledged receipt of the proposal...

DNZ Letter to Shareholders Regarding Argosy Merger Proposal 17/05/2011 Letter to keep Shareholders informed of a strategic initiative that DNZ is considering reagrading Argosy Property Trust.   Dear Shareholder, As you may be aware DNZ has a proposal with Argosy Property Trust, a similar property based fund, to merge...

DNZ Proposes Merger With Argosy 11/05/2011 DNZ Property Fund has approached the NZX listed Argosy Property Trust with a proposed strategic merger alternative to Argosy’s previously announced plans to internalise its management contract.   DNZ Chairman Tim Storey said a strategic initiative to merge the two listed...

DNZ Appointment of Company Secretary 21/03/2011 DNZ Property Fund Limited (NZX Code: DNZ) announces today the appointment of Jennifer Whooley as Company Secretary effective from today, 21 March 2011.   Tim Storey, Chairman of DNZ Property Fund Limited, says “Jennifer will be taking on the role in conjunction...

DNZ Investor Update March 2011 14/03/2011 DNZ Property Fund Limited March 2011 Investor Update has been sent to shareholders.   Please find below a link to the newsletter which is available on DNZ's website.     Downloads [wpdm_package id='18544'] For Further Information Please Contact: Tim Storey, Chairman, DNZ Property Fund Limited Mobile: 021 633...

DNZ Jackson Street, Petone, Property Settlement Completed 1/03/2011 The sale of the property at 33-43 Jackson Street, Petone, Wellington, settled on 25 February 2011.   Net settlement funds from the sale will be utilised to repay bank debt.     For Further Information Please Contact: Paul Duffy, CEO, DNZ Property Fund Limited Phone:...

DNZ Two Christchurch Properties 24/02/2011 DNZ Property Fund Limited has advised that its tenants and property assets in Christchurch appear to have escaped unharmed from Tuesday’s devastating earthquak   DNZ Chief Executive Paul Duffy said tenants in the company’s Christchurch owned buildings at 62 Columbia Avenue, Hornby and...

Bush Road Property Settlement Completed 1/02/2011 The sale of the vacant property at 231 Bush Road, Albany, Auckland settled on 28 January 2011.   The sale of this property in conjunction with the sale of 33-43 Jackson Street, Petone (contracted to settle on 25 February 2011) completes the...

Whangarei Property Settlement Completed 22/11/2010 The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei for $13.6m settled on 19 November 2010.   The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei for $13.6m settled...

DNZ Property Fund Completes Asset Sales Programme 9/11/2010 The sale of the property on the corner of Tauroa Street and State Highway One, Whangarei, is now unconditional, with settlement contracted for 19 November 2010.   The sale of the property at 143-149 First Avenue and 243-255 Cameron Road,...

DNZ Property Fund Transaction Update 1 November 2010 1/11/2010 Divestments DNZ Property Fund has unconditionally sold its property at 33-43 Jackson Street, Petone ($13.6m) and a vacant property at 231-233 Bush Rd, Albany ($7.1m) following unsolicited offers on both properties, with settlements on 25 February 2011...