PropertyEU

Dawnay Day acquires Hungarian retail portfolio

By A staff reporter 2007-02-01T00:00:00

In the largest sale-and-lease-back deal in the Hungarian retail market, property investment company Dawnay Day Group has purchased 22 Interfruct cash-and-carry stores from the Hungarian developer SCD Group for EUR 82.5 mln. The transaction value represents a net initial yield of 7.8%. International property consultant Jones Lang LaSalle advised Dawnay ...

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