26th Oct 2005 11:00
Dawnay, Day Carpathian PLC26 October 2005 Dawnay, Day Carpathian announces Second Transaction: purchase of Antana Warehouse Park, Hungary for €21m Dawnay, Day Carpathian PLC ("DDC" or "the Company"), the retail commercialproperty investment company established to invest in Central and Eastern Europe,is pleased to announce it has completed its second transaction, the purchase ofthe Antana Warehouse Park in Hungary for €21 million. The Company listed on theAIM market in July 2005 and raised new funds to create a geared €1billionportfolio of retail properties. DDC's first transaction, the purchase of fourshopping centres for €64.5m in Poland, was announced on 30 September 2005. The Antana Warehouse Park is located in Budapest and comprises eight lightindustrial and office units. Negotiations are in progress over redevelopment ofthe site to create a shopping and leisure complex of approximately 600, 000 sqft. The site is well located on the relatively affluent Western side of Budapestand is easily accessible via the M1 motorway. Antana is adjacent to a Tescosuperstore and is close to Ikea, Dixons and Porsche. The net initial yield isapproximately 8.36%. Commenting on this announcement, Peter Klimt of Dawnay, Day Carpathian said:"This is a good example of the series of property transactions that we aim tocomplete, as it demonstrates the Group's strategy and ability to invest inproperty with retail potential in established sites." DDC was created to invest in commercial retail properties such as shoppingcentres, supermarkets and retail warehousing in several target countries inCentral and Eastern Europe, including Bulgaria, Czech Republic, Hungary, Poland,Romania, and Slovakia. Enquiries: Dawnay,Day Carpathian PLC Peter Klimt 020 7834 8060 Paul Rogers Cardew Group Tim Robertson 020 7930 0777 Catherine Maitland This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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