Dawnay, Day Carpathian (DDC), the UK-based retail property investor focused on Central and Eastern Europe, has announced the acquisition of another multi-purpose development site in Romania. Valued at over EUR 9.5 mln, the acquisition is the last of the four Romanian deals DDC had in its pipeline at the time of its second fundraising round completed in May 2007, but the company says it is pursuing further opportunities. DDC will develop a retail and entertainment complex with an estimated GLA of 31,000 m[sup]2[/sup] on the 27,000 m[sup]2[/sup] site in the centre of Satu Mare, a large city in the northwest of Romania, close to the Hungarian border.
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