UK-based Dawnay, Day Treveria acquired a total of 71 properties in the first half of 2007 for EUR 331 mln, the company said in a pre-close portfolio update and trading statement this week.

UK-based Dawnay, Day Treveria acquired a total of 71 properties in the first half of 2007 for EUR 331 mln, the company said in a pre-close portfolio update and trading statement this week.

Treveria, which specialises in German retail property investments, said the net initial yield on the acquisitions made up to June 30 was 6.2%, but that this would rise to 6.5% when they are fully let. In value terms, half the properties consist of high street shops, a further third are retail warehouses, and the remainder are shopping centres. In aggregate, the value of all properties completed, notarised or in solicitors' hands is now over EUR 2.64 bn, Treveria said.