DNZ Negotiates Reduced Bank Finance Costs of $2.0 million per annum. 31/10/2011 DNZ Property Fund Limited has secured a revised $300m bank debt facility evenly split with its existing bankers ANZ, CBA and BNZ. The facility comprises a $150m three year tranche and a $150m four year...
DNZ Quarterly Portfolio Update – Second Quarter FY12 17/10/2011 This announcement from DNZ Property Fund Limited (DNZ) is to update the market on the Company’s transactional activity and property portfolio statistics. This update covers the second quarter of the 2012 financial year, being 1 July to...
DNZ Sells Auckland Property 10/10/2011 DNZ Property Fund Limited announced today the unconditional sale of 132 Vincent Street, Auckland. The sale was negotiated at the 31 March 2011 valuation of $9.0 million. Settlement is scheduled for 30 July 2012. For Further Information Please Contact: Paul Duffy, Chief Executive, DNZ Property...
DNZ Reduces Finance Costs by $600,000 per annum 4/10/2011 DNZ Property Fund Limited (DNZ) has reduced its syndicated banking facility limit from $350m to $300m resulting in an immediate reduction in finance costs for the Company of approximately $600,000 per annum. DNZ also advises that today...
DNZ Property Sales Settlements Completed 16/09/2011 DNZ Property Fund Limited confirms that settlement of the sales of the properties at 129 Hurstmere Road, Auckland, and 99-105 Customhouse Quay, Wellington, were completed on 15 September 2011. Net proceeds from the sales have been utilised to repay bank...
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 Downloads [wpdm_package id='18515'] For Further Information Please Contact: Paul Duffy, Chief Executive, DNZ Property Fund Limited DDI: 09 913...
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...
DNZ Announcement Regarding MFL Decision 26/08/2011 DNZ has continued to evaluate the Argosy merger and as part of its assessment has engaged with interested parties. Argosy’s major unit holder, MFL, has now stated that the internalisation of Argosy is the path they wish to proceed with. This...
DNZ Sells Another Property Above Valuation 24/08/2011 DNZ Property Fund Limited is pleased to advise the unconditional sale of 129 Hurstmere Road, Auckland, for $18.067 million. This follows the sale of 99-105 Customhouse Quay, Wellington, for $13.500 million, announced last week. The total gross realisation of these...
DNZ Letter to Argosy Unitholders 17/08/2011 DNZ Property Fund has sent a letter to Argosy Unitholders today regarding the Argosy Property Trust ("Argosy") AGM and Resolutions. DNZ has supplied a copy of the letter to the NZX and a copy of the letter can also be...
DNZ Sells Wellington Property 16/08/2011 DNZ Property Fund Limited is pleased to announce the unconditional sale of 99-105 Customhouse Quay, Wellington, for $13.5 million, with settlement scheduled for 15 September 2011. Paul Duffy, Chief Executive of DNZ said “The sale price of this property was successfully...
DNZ First Quarter Dividend 10/08/2011 The Board of DNZ has today approved a first quarter cash dividend of 2.0 cents per share. This dividend will carry no imputation credits. The record date for this dividend is 25 August 2011, with payment to shareholders to be made on...
DNZ 2011 Annual Meeting Results 10/08/2011 DNZ today declared the poll results of the three resolutions put to the Company’s Annual Meeting in Auckland this morning. All three resolutions were passed as follows: Resolution 1 That the Directors be authorised to fix the fees and expenses of the...
DNZ Alters Argosy Annual Meeting Resolutions 5/08/2011 DNZ Property Fund (DNZ) has confirmed it wishes to put just two resolutions to Argosy unit holders at the Argosy Annual Meeting scheduled for late August, and has made this request to the Manager today. DNZ Chairman Tim Storey...
DNZ Re-evaluates Position on Merger Proposal 29/07/2011 DNZ says it is re-evaluating its position on a proposed merger with Argosy after today’s ruling from Justice Asher that followed a hearing at the High Court in Auckland earlier this week. Justice Asher decided against forcing Argosy to...
DNZ AGM and Notice of Meeting 26/07/2011 Notice is given that the Annual Meeting of Shareholders of DNZ Property Fund Limited will be held at the Guineas Room, Ellerslie Racecourse, 80-100 Ascot Avenue, Greenlane, Auckland on Wednesday the 10th of August, commencing at 10 am. At...
DNZ Starts Legal Proceedings Over Failure by Manager of Argosy to Call Meeting of Unit Holders 14/07/2011 DNZ Property Fund today filed papers with the High Court in Auckland following the failure by the Manager of Argosy Property Trust, Argosy Property Management Limited (owned by OnePath),...
DNZ Quarterly Portfolio Update - Strong Leasing Activity in First Quarter FY12 13/07/2011 This announcement from DNZ Property Fund Limited is a recently implemented quarterly portfolio update communication on the Company’s property portfolio statistics. The intention is to ensure shareholders are informed on performance for the first...
Annual Meeting and Director Nomination Closing Date Announcement 7/07/2011 For the purposes of NZSX Listing Rule 3.3.5, DNZ Property Fund Limited advises that in respect of its Annual Meeting to be held on Wednesday 10 August 2011, the closing date for director nominations is 22 July...
DNZ Secures Foodstuffs for 18 Years 5/07/2011 DNZ Property Fund announced today that it has purchased three Foodstuffs supermarkets located in Wellington, Napier and New Plymouth for $40.73m, with settlement scheduled for 20 September 2011. Paul Duffy, Chief Executive of DNZ, said “This transaction secures the...
DNZ Significantly Reduces FY12 Expiry Completing Over 39,000m² of Transactions 30/06/2011 DNZ Property Fund announces today that the management team, during the first quarter of the 2012 financial year, finalised a number of key lease transactions for over 39,000m² of the portfolio’s net lettable area. A total...
DNZ Update on Argosy Proposal 28/06/2011 DNZ Property Fund (DNZ) is providing clarification on the merger exchange ratio in its Argosy merger proposal. This follows questions raised about DNZ’s previous statement that it has flexibility to ensure that the agreed merger exchange ratio would achieve an accretive...