DDC enters Croatian market with supermarket deal

Retail property investment company Dawnay, Day Carpathian (DDC) has acquired six supermarkets in Croatia for a total sum of EUR 53.7 mln, representing an initial yield of 7.65%. The deal is DDC's first in Croatia. DDC said it will acquire four Croatian special-purpose vehicles that own the stores and will rent them to Konzum, the largest retailer in Croatia, after the acquisition.

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