DNZ sells property to reduce debt
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DNZ Property Fund Ltd has announced a conditional sale of a Whangarei property for $13.5 million, to help to reduce debt.
Sale of the property, on the Tauroa Street and State Highway One corner, is expected to settle on October 15.
It was part of the asset sale program disclosed on July 9.
As at May 31, Auckland-based DNZ Property Fund owned 55 properties with 265 tenants, with a portfolio value of $671m.
- NZPA
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