Dawnay, Day Carpathian, the AIM-listed retail property company that invests in Central and Eastern Europe, said it has refinanced the recent acquisition of six supermarkets in Croatia with a £40.5 mln (EUR 53 mln) debt facility. That represents a loan to cost of over 74%, the company said.
Dawnay, Day Carpathian, the AIM-listed retail property company that invests in Central and Eastern Europe, said it has refinanced the recent acquisition of six supermarkets in Croatia with a £40.5 mln (EUR 53 mln) debt facility. That represents a loan to cost of over 74%, the company said.
The six stores are leased to Konzum, Croatia’s largest retailer, and were acquired by DDC in December. The acquisition was DDC’s first in Croatia and came at an initial yield of 7.65%.
