Author: Luke Jenkins

DNZ Announces Share Purchase Plan Subscription Price 1/07/2013 DNZ Property Fund Limited (DNZ) today announces the subscription price for the Share Purchase Plan (SPP) has been set at $1.645 representing the lower of:   a$1.6575 per Share (being the price paid by investors in DNZ’s recent private placement...

DNZ 2013 AGM and Notice of Meeting 25/06/2013 Notice is given that the Annual Meeting of Shareholders of DNZ Property Fund Limited will be held at the Remuera Room, Ellerslie Racecourse, 80-100 Ascot Avenue, Greenlane, Auckland on Tuesday 13 August 2013, commencing at 10 am.   At the...

Share Purchase Plan Opens 10/06/2013 Further to the announcement of 22 May 2013, DNZ Property Fund Limited (DNZ) is pleased to advise that the Share Purchase Plan (SPP) opens today.   The offer is capped at $20 million and may be subject to scaling. The offer allows Eligible...

DNZ Settles Silverdale Centre 31/05/2013 DNZ Property Fund Limited has today settled on the purchase of the Silverdale Centre at 61 Silverdale Street, Silverdale, Auckland for $78.0 million.   Paul Duffy, CEO of DNZ said "The acquisition of the Silverdale Centre, a quality fully leased asset, has moved...

DNZ Property Purchase Unconditional 27/05/2013 DNZ Property Fund Limited (DNZ) confirms that the agreement to purchase the development land comprising zone 5 of the proposed Westgate Town Centre development in north-west Auckland for $25m is now unconditional.   Settlement is expected in mid-June 2013 following issuance of title.     For...

DNZ Successful Completion of $60 Million Placement 23/05/2013 DNZ Property Fund Limited (DNZ) is pleased to announce the successful completion of the $60 million placement of new shares undertaken yesterday. The placement was fully subscribed at an issue price of $1.68 per share. Settlement and allotment...

DNZ Trading Halt of Securities 22/05/2013 DNZ Property Fund Limited (DNZ) announced today that it has requested that NZX place a trading halt on its shares while DNZ is undertaking a bookbuild process for a placement of up to $60 million of DNZ shares to certain...

DNZ Buys Silverdale Centre 24/04/2013 DNZ Property Fund Limited has unconditionally agreed to purchase the Silverdale Centre, at 61 Silverdale Street, Silverdale, Auckland, for $78 million reflecting a forecast initial yield on settlement of 7.2%.   Paul Duffy, Chief Executive of DNZ said “The Silverdale Centre’s retail mix...

DNZ Sends April 2013 Investor Newsletter 22/04/2013 DNZ Property Fund Limited has provided the NZX with a copy of the DNZ April 2013 Investor News.   The newsletter has been mailed to those Shareholders not registered with DNZ’s registrar, Computershare, to receive communications electronically. The newsletter is also...

DNZ Property Sale Settlement Completed 12/04/2013 DNZ Property Fund Limited confirms that settlement of the sale of the properties at 8 Burnham Street, 7-17 and 19-21 Bouverie Street, Lower Hutt, Wellington, was completed on 12 April 2013.   Net proceeds from the sales have been utilised to repay...

Hydraulink Commits to New DNZ Facility at O’Rorke Road, Penrose, Auckland 14/03/2013 DNZ Property Fund Limited (“DNZ”) is pleased to announce that Hydraulink Fluid Connectors Limited, a leading company in the fluid connectors industry, has committed to a new 3,390m² warehouse and office facility at O’Rorke...

DNZ Property Fund Settles Albany Land 12/03/2013 DNZ Property Fund Limited has today settled on the $5.7 million purchase of the 1.4 hectare block of bare land that sits between the 2 office buildings owned by DNZ at 33 Corinthian Drive and 51 Corinthian Drive, Albany,...