14th Mar 2008 07:00
Dawnay, Day Carpathian PLC14 March 2008 DAWNAY, DAY CARPATHIAN PLC ("DDC" or the "Company") Announces the refinance of six supermarkets in Croatia Dawnay, Day Carpathian PLC (DDC), the retail property investment companyestablished to invest in Central and Eastern Europe, is pleased to announce therefinance of a recent acquisition in Croatia, with a €40.5 million debtfacility, representing a loan to cost of over 74%. This follows an announcement on 21 December 2007, when DDC acquired six storesleased to Konzum d.d. ("Konzum"), the largest retailer in Croatia, and announcedits intention to refinance the acquisition with debt upon completion. Enquiries: Dawnay, Day Carpathian PLC Peter Klimt 020 7834 8060 Paul Rogers Cardew Group Tim Robertson 020 7930 0777 Catherine Maitland Notes to Editors DDC listed on the AIM market in July 2005 and raised new funds to create ageared €1 billion portfolio of retail properties. To date, the Company haspurchased four shopping centres in Poland, the Antana Warehouse Park in Hungary,the Varyada Shopping Centre in the Czech Republic, the Promenada Shopping andBusiness Centre in Poland, the Plaza Portfolio of four shopping centres inHungary, Macro Mall shopping centre in Brasov, Romania, Babilonas shoppingcentre in Panevezys, Lithuania, four retail developments at Cluj, Arad, BaiaMare and Satu Mare in Romania, the Mid portfolio across Hungary and the CzechRepublic and Marina Mokotow in Poland. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Adams