DNZ Property Fund increases occupancy rate to 99.2 percent

Mon, 21 Jan 2013

Jan. 21 (BusinessDesk) – DNZ Property Fund has increased the occupancy rate in its portfolio of 47 buildings to 99.2 percent. The owner of one of New Zealand’s largest portfolios of investment property said 37 transactions during the three months ended December had greatly reduced its lease expiry risk going forward. The occupancy rate of 99.2 percent as at December 31, 2012 was up from 98.7 percent as March 31, 2012. “The 37 transactions completed during this quarter is a continuation of the momentum achieved during the first two quarters o...

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