DNZ lifts contracted rentals slightly, extends lease term

Wed, 04 Jul 2012

July 5 (BusinessDesk) - DNZ Property Fund said leasing transactions in the March quarter have increased its contracted annual rentals by 0.6 percent and lifted its weighted average lease term (WALT) to 5.6 years at June 30 from 5.4 years three months earlier. In its June quarter portfolio update, chief executive Paul Duffy said management completed 33 lease transactions in the three months, increasing net contracted annual rentals to $58.6 million from $58.2 million. Of the transactions, 17 were rent reviews over 60,086 square metres for a t...

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