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.
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