Dawnay Day plans domestic expansion

British investment fund Dawnay Day, which includes in its portfolio the Macromall shopping centre in Brasov, will seek new funding worth 100 million pounds (150 million euros) from the AIM market of the London Stock Exchange, on which the company is listed, to be used to start three more projects in Romania. “There are several cities with over 100,000 inhabitants in the Western part of the country we are currently looking at, such as Oradea and Satu Mare. However, Timisoara is not one of our options. We are also looking at the Eastern and Southern parts of the country as well. By the end of this year I expect we will start three new retail projects valued at 30 to 100 million euros depending on the location,” Paul Rogers, 48, general manager and a shareholder of Dawnay Day PanTerra, the company managing the fund’s investments, told ZF. The manager of the fund also says that Dawnay Day investments are conducted depending on the opportunities available on the working markets, and that the investment company does not have pre-established budgets for each specific national market.