INDUSTRY NEWS

Hundreds after Dawnay Day’s commercial property

There have been hundreds of enquiries for elements of Dawnay Day’s portfolio, its administrator said.

The defunct commercial property group has put its properties up for sale but would prefer all 200 go to one buyer, rather than see its empire broken up.

BDO Stoy Hayward is handling the sale. It said: “To date, we have had several hundred inquiries from parties interested in the Dawnay Day UK property portfolio and we have spent some time going through these expressions.”

The properties up for grabs are held by Starlight Investments, Insureprofit and Dawnay Day Properties, the administrator confirmed.

Reuters reported that sources familiar with the sale said sovereign wealth funds and German property companies have already expressed an interest.

With commercial property prices falling fast foreign investors are increasingly looking for property deals in London. ADNFCR-1329-ID-18741040-ADNFCR

Leave a Reply

Your email address will not be published.