Dawnay Day Carpathian reported an 8% rise in its net asset value per share in 2007 as it neared full investment of its funds. Financial Times
The central and eastern Europe property specialist said yesterday it had now substantially invested its capital, having spent or committed about 95%.
Net rental and related income increased from £12.7m in 2006 to £24.3m in 2007, while adjusted profit increased 18.5% to £11.5m.
Dawnay Day Carpathian’s portfolio was revalued at £523.1m at the end of 2007 compared with £368.7m at the end of 2006.
During the year, the company completed eight acquisitions, comprising three retail property portfolios and five retail development sites. The company now owns 55 property assets across central and eastern Europe.