GWIK.L Regulatory News (GWIK)

10 Apr 2006 07:01

Dawnay, Day Treveria PLC10 April 2006 10 April 2006 Dawnay, Day Treveria increases its portfolio to over €1 billion Dawnay, Day Treveria PLC ("Treveria" or "the Company"), is pleased to announceit has agreed to acquire three property portfolios and two single properties foran aggregate consideration of €121 million, increasing the total assets acquiredfor the Company's portfolio to over €1 billion. The blended net initial yield ofthe new acquisitions is 7.2%. The first portfolio consists of three department stores, located in Neunkirchen,Worms and Solingen. The anchor tenant is Kaufhof, which operates 127 stores inGermany. The second portfolio is made up of eight C & A department stores,located in Elmshorn, Herne, Ludwigshafen, Moers, Neunkirchen, Neuss, Offenbachand Schweinfurt. The third portfolio is made up of two department stores, withattached office and residential space, located in Kempten and Pforzheim. Theanchor tenant is Sinn Leffers, a full line fashion retailer. Of the two singleproperties, the first is a multi-let retail property in Ratingen (12 km NorthEast of Dusseldorf), and the second is located in Muehldorf, Bavaria. In addition, the Company is pleased to announce that Dawnay, Day, in itscapacity as asset manager, has more than doubled the size of its German basedteam to in excess of 35 staff since January. This increase reflects the growingreputation and presence of Dawnay, Day within the German property market which,in turn, has led to a significant rise in the number of vendors approaching theGroup. Ian Henderson, Chairman of Treveria said: "These are excellent transactions forus; they are well located with a strong mix of well known tenants and togetherthey take the portfolio to over €1 billion. The expansion of the team in Germanyreflects the continuing attractive investment opportunities being seen by theGroup." Completion of the acquisitions referred to above will take place followingsatisfaction of standard administrative conditions, except for the portfolio ofC & A stores which has certain special conditions attached. 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 Exchange