DNZ sells Albany office block for $15.2 mln, above valuation

Tue, 30 Jun 2015

By Paul McBeth July 1 (BusinessDesk) - DNZ Property Fund, which is more than halfway through an asset sale programme, has sold an office block in Auckland's Albany for $15.2 million, 3.1 percent above the property's last valuation. The Auckland-based property investor has entered into an unconditional contract to sell the building to an unidentified buyer for about $450,000 more than the building's $14.7 million valuation on March 31, it said in a statement. Settlement is scheduled for Sept. 30, and would take DNZ's agreed sales to $46.7...

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