20th Apr 2006 14:30
Dawnay, Day Treveria PLC20 April 2006 20 April 2006 Further acquisitions take Dawnay, Day Treveria property portfolio over €1.2 billion Dawnay, Day Treveria PLC ("Treveria" or "the Company"), is pleased to announceit has agreed to acquire two retail property portfolios for an aggregateconsideration of €232 million, increasing the total assets acquired for theCompany's portfolio to over €1.2 billion. The blended net initial yield of thenew acquisitions is 6.7%. The larger of the two portfolios includes 139 high street properties, located in79 different cities throughout Germany with a diversified tenant base. Themajority of the properties are situated in central locations and pedestrianzones of city and town centres. The second portfolio is made up of three cityand town centre properties across Germany. Ian Henderson, Chairman of Treveria said: "These acquisitions take our portfolioto over €1.2 billion. We have therefore already invested almost three times theamount of equity raised in December 2005 and are, in less than 5 months, morethan half way towards the fund being fully invested." Completion of the acquisitions referred to above will take place followingsatisfaction of standard administrative conditions. Enquiries: Dawnay, Day Treveria Real Robert Goldsmith 020 7834 8060Estate Asset ManagementLimited www.dawnaydaytreveria.com Cardew Group Tim Robertson 020 7930 0777 Shan Shan Willenbrock Catherine Maitland Notes: DTR listed on the AIM market on 14 December 2005 and raised €408.9 million byway of an offer to institutional investors (including the exercise of theover-allotment option), together with a €35.5 million direct investment byaffiliates of the Dawnay, Day Group. The Company intends to use the fundsraised, together with debt funding, to acquire a property portfolio worth up toapproximately €2.3 billion in the 12 to 18 months following admission. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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