2016: Stride Property Limited
Last updated: 01/2016
DNZ Property Fund Limited is a property funds management and investment company. The Company owns, manages and develops commercial property assets in the office, industrial and retail
sectors located in the main urban areas throughout New Zealand.
During the period 1996 – 2001 DNZ established 32 property syndicates. In 2001, a strategic review of the structure and operations of the funds occurred, with management implementing a plan to restructure various funds to establish three core funds: DNZ Income, the Company (previously DNZ Foundation Property Fund Limited) and DNZ Retail. Restructurings followed to consolidate various syndicates and funds into larger portfolio entities, ultimately leading to the amalgamation of DNZ Income, DNZ Tauranga and DNZ Retail into the Company on 30 September 2008. Since establishment, DNZ has grown to become the owner of a New Zealand diversified property portfolio with $780 million (as at 31 March 2014) of commercial property assets. DNZ also holds management rights to Diversified NZ Property Fund Limited, a $116 million (as at 31 March 2014) commercial property portfolio.
On 16 August 2010 DNZ Property Fund was listed on the NZSX under stock code 'DNZ' for $0.97. DNZ is a Portfolio Investment Entity (PIE) listed on the Main Board equity market of NZX Limited. DNZ is included in the NZX 50 Portfolio, NZX MidCap, NZX All and NZX Property indices.
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