DNZ sells two Wellington properties for $5.3 mln to help fund Westgate Mall

Thu, 04 Dec 2014

By Paul McBeth Dec. 4 (BusinessDesk) - DNZ Property Fund, the listed property investor, sold two Wellington buildings for $5.3 million, with the funds to contribute to its Westgate Mall project. The Auckland-based company sold the Jarden Mile office space tenanted by Armourguard Security and the Tyler Road industrial site housing Fonterra Brands, both in Wellington's Ngauranga Gorge, it said in a statement. The Jarden Mile site was valued at $2.6 million as at March 31, and the Tyler Rd at $2.7 million as at Sept. 30, according to notices...

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