F&C Reit Asset Management and Area Property Partners completed on Wednesday their purchase of Dawnay Day's UK portfolio for £600 mln (EUR 642 mln). The companies said at end-February that they had exchanged contracts with administrator BDO Stoy Hayward to acquire the assets which include 212 properties in the UK. Around 60% of the portfolio is retail with the remaining 40% consisting of office and industrial properties.
F&C Reit Asset Management and Area Property Partners completed on Wednesday their purchase of Dawnay Day's UK portfolio for £600 mln (EUR 642 mln). The companies said at end-February that they had exchanged contracts with administrator BDO Stoy Hayward to acquire the assets which include 212 properties in the UK. Around 60% of the portfolio is retail with the remaining 40% consisting of office and industrial properties.
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