DNZ Property Fund NZX announcement
DNZ Vacant Land Sales Bring Development Land to Less Than 1.25% of Total Portfolio
DNZ Property Fund Limited (NZX code: DNZ), is pleased to advise the sale of two vacant lots at Tauriko Industrial
Estate, Tauranga, settled on 25 March 2011. Following the settlement of these two vacant lots, development land
comprises less than 1.25% (by value) of the DNZ portfolio. Net settlement funds from the sales will be utilised to repay
bank debt.
ENDS