London-based finance and property group Dawnay, Day Treveria (DTR) has announced that it is to purchase two Hertie department stores in Germany for a combined sum of EUR 22 mln. DTR will acquire the two properties from Dawnay, Day Group which owns the Hertie chain. The company believes that there is a strategic advantage in acquiring these properties as they are adjacent to existing sites within the company's portfolio. The blended net initial yield of the two new acquisitions is 6.97%.
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