AIM-listed Treveria formally dropped Dawnay Day from its title on Wednesday, reflecting the moves by Treveria and other listed property funds created by Dawnay Day Group (DDG) to continue as independent entities following the collapse of DDG last summer.
AIM-listed Treveria formally dropped Dawnay Day from its title on Wednesday, reflecting the moves by Treveria and other listed property funds created by Dawnay Day Group (DDG) to continue as independent entities following the collapse of DDG last summer.
The resolution to drop the Dawnay Day name was adopted by shareholders at an extraordinary general meeting on the Isle of Man on Monday. The change takes effect now that the company's registration with the Isle of Man Financial Supervision Commission is altered. The company's website changes to www.treveria.com
Dawnay, Day Treveria invests in German commercial real estate, primarily retail assets. The company has a portfolio of 450 properties valued in excess of EUR 2.2 bn. In December 2008 the company internalised the asset management by appointing Treveria Asset Management (TAM), a wholly-owned subsidiary of Treveria, to replace Dawnay Day Treveria Real Estate Asset Management. Treveria has also replaced Dawnay Day Property Investment with Cushman & Wakefield as exclusive property manager for an initial three years.
Sirius and Carpathian, other AIM-listed funds created by Dawnay Day Group, have also taken steps to cut their ties to DDG.
