Appointment of Non-Executive Director (0439F)
June 11 2012 - 2:01AM
UK Regulatory
TIDMAISI
RNS Number : 0439F
Aisi Realty Public Limited
11 June 2012
11 June 2012
Aisi Realty Public Limited
("the Company" or " Secure Property Development and Investment
Limited")
BOARD STRENGTHENED AND TURNAROUND CONTINUED THROUGH APPOINTMENT
OF HARIN THAKER AS NON-EXECUTIVE DIRECTOR
Secure Property Development & Investment Limited, formerly
Aisi Realty Public Limited*, a South Eastern European focused
property and investment company, today announces the appointment of
Harin Thaker as a Non-Executive Director of the Company.
Harin, 57, a real estate veteran with over 20 years' industry
experience, joins Secure Property from pbb Deutsche Pfandbriefbank
AG, a specialised lender in real estate finance and public sector
finance, where he held the role of Head of Real Estate Finance
International. Harin was previously Chief Executive Officer,
Europe, of Hypo Real Estate Bank International (as pbb Deutsche
Pfandbriefbank AG was formerly known), where he was instrumental in
spearheading the company's investment banking activities across
Western and Central & Eastern Europe. Harin was appointed to
the Board prior to the company's merger with Hypo Real Estate Bank
AG in 2009.
The appointment follows a number of successful turnaround
initiatives which have been implemented by the new internal
management as part of a wider strategy, to improve the Company's
financial strength, and reposition it for future growth.
*The Company's name change to Secure Property Development and
Investment Limited is subject to shareholder approval at the next
Annual General Meeting.
Lambros Anagnostopoulos, Chief Executive Officer of Secure
Property, commented: "To have attracted such a longstanding and
well respected real estate professional as Harin as a non-executive
board director, and to have access to some of his time, is a real
endorsement of the significant financial and operational progress
we have made in turning Secure Property around over the last six
months. Harin's real estate financing expertise, as well as his
extensive experience and contacts in our key markets, will be
invaluable in supporting our plans for the Company's future growth
and it gives me great pleasure to welcome him to the board."
Harin Thaker added: "Secure Property is a unique, interesting
business with significant growth potential, having undergone
considerable changes following the introduction of new management,
and I am extremely pleased to be joining the Board at such an
exciting time in the Company's development."
There is no other information required to be disclosed pursuant
to Schedule 2 (g) of the AIM rules.
Enquiries:
Secure Property Development & Investment
Ltd (formerly Aisi Realty Public
Ltd) + 380 44 459 3000
Lambros Anagnostopoulos
Liberum Capital Limited (NOMAD and
Broker) +44 (0)20 3100
Chris Bowman / Richard Bootle 2222
+44 (0)20 7831
FTI Consulting 3113
Richard Sunderland / Toyah Simpson
Notes to Editors
About Secure Property Development and Investment Limited
Secure Property Development and Investment Limited ("SPDI") is a
South Eastern European focused property company incorporated in
Cyprus. The Company's portfolio comprises the Terminal Brovary
logistics park in Kiev (Gross Leasable Area of circa 50,000 sqm),
and four development projects at different stages of progression,
which have a combined value of EUR33 m.
Established in 2005, SPDI employs a team of 15 experienced
professionals operating across three countries. In August 2011,
following a transaction with Narrowpeak Consultants Ltd a new
internalised management team was introduced to settle the Company's
liabilities and create and execute a strategy for growth. SPDI's
shares are publicly traded on the AIM market of the London Stock
Exchange (AIM:AISI).
About South East Continent Unique Real Estate Management
(SECURE)
South East Continent Unique Real Estate (SECURE) Management
("SECURE") is a private equity platform that manages property
investment and development vehicles in South East Europe. SECURE
Investments I and II, have invested in residential and mixed-use
developments totalling circa 300,000 sqm in Bulgaria, Romania and
Serbia. SECURE is domiciled in the European Union with offices in
Cyprus and Romania and has an active presence in Bulgaria and
Ukraine.
With EUR250m worth of Assets Under Management (AUM) SECURE
employs a team of 16 full time professionals, working across five
countries, with a wealth of international experience and a strong
track record in the real estate development, investment and finance
sectors. SECURE was established in 2007 and, through a conservative
and risk management focused approach, has managed to steer its
clients through the difficult global economic crisis whilst
continuing to add value, having even achieved an increase in the
Net Asset Value for its Investment Vehicles since inception.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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