24 Apr 2013

DNZ buys property from The Warehouse

12:28 pm on 24 April 2013

DNZ Property Fund has entered into an agreement to purchase The Warehouse's Silverdale centre in Auckland.

The commercial property landlord will pay $78 million.

The Silverdale Centre comprises 36 bulk and specialty retailers including Warehouse Stationery, Noel Leeming and Number One Shoes.

Settlement of the sale is expected to be completed on 1 July.