London-based finance and property group Dawnay Day has moved into the US with the acquisition of a large residential and commercial portfolio in New York for close to the asking price of $250 mln (EUR 187 mln). The portfolio consists of 47 buildings that include 1,137 apartments and 55 commercial units in East Harlem and seven condominiums in the city's East Village. Dawnay Day has established a new company Dawnay Day US Real Estate Management with 45 staff members in New York to manage the Harlem portfolio and to source further acquisitions.
London-based finance and property group Dawnay Day has moved into the US with the acquisition of a large residential and commercial portfolio in New York for close to the asking price of $250 mln (EUR 187 mln). The portfolio consists of 47 buildings that include 1,137 apartments and 55 commercial units in East Harlem and seven condominiums in the city's East Village. Dawnay Day has established a new company Dawnay Day US Real Estate Management with 45 staff members in New York to manage the Harlem portfolio and to source further acquisitions.
In a statement, Dawnay Day said its US arm is currently assessing similar types of acquisitions within the US 'which provide opportunities to create value through long-term asset management activity'. Dawnay Day has property assets in the UK, Germany, Italy, Eastern and Central Europe, Ukraine, Russia, India, Australia, and now the US.
