TIDMAISI
RNS Number : 5330F
Aisi Realty Public Limited
18 June 2012
18 June 2012
Aisi Realty Public Limited
("the Company" or "Secure Property Development and Investment
Limited")
FURTHER STRENGTH ADDED TO THE BOARD AND TURNAROUND CONTINUED
WITH APPOINTMENT OF ALVARO PORTELA 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
Alvaro Portela as a Non-Executive Director of the Company.
Alvaro, 60, a real estate professional with over 25 years'
industry experience, was previously the Executive President and
Chief Executive Officer of Sonnae Sierra for 20 years. Having
joined Sonae Sierra in 1990, Alvaro played a significant role in
leading the company from the opening of its first major shopping
centre, to becoming a global leader in retail property development
and management, with over 50 shopping centres across the globe.
Alvaro retired from Sonnae Sierra in 2010 and now holds
non-executive positions at various company boards, as Chairman at
MAFP, a Dubai based real estate developer, owner and operator,
Sonae SGPS, Sonae Capital SGPS, and other Portuguese companies, as
well as Investment Committee positions at Paneuropean Fund and ECE
European Prime Shopping Centre Fund.
Alvaro's appointment to the Board follows closely that of Harin
Thaker, previously Chief Executive Officer, Europe, of Hypo Real
Estate, who joined Secure Property as a Non-Executive Director in
May this year. The appointments build on 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.
Lambros Anagnostopoulos, Chief Executive Officer of Secure
Property, commented:
"Having put the business on a more secure financial footing and
improved its operational performance, this second heavyweight Board
appointment in as many weeks really underlines the progress we are
making in our turnaround plans for the Company. Alvaro's skills,
expertise and extensive experience in our industry are exactly what
the business needs to support it through this exciting time and we
look forward to working with him as we continue to progress our
plans for future growth."
Alvaro Portela added: "Secure Property has undergone significant
transformation over the last 12 months and is now in a much
stronger position from which to grow. As such, I am extremely
pleased to be joining the Board as a Non-Executive Director and I
look forward to supporting Lambros and his team as it continues to
progress its growth strategy."
Alvaro Portela's current and past directorships over the last
five years are shown below:
Current directorships:
Majid Al Futtaim Properties LLC, Dubai, UAE
Fundacao Victor e Graca Carmona e Costa, Lisboa, Portugal
COPAM - Companhia Portuguesa de Amidos, SA, Lisboa, Portugal
CASA AGRICOLA HMR SA, Vidigueira, Portugal
SONAE SGPS, Maia, Portugal
SONAE RP, Maia, Portugal
SONAE CAPITAL SGPS, Maia, Portugal
Portela & Portela Lda], Porto, Portugal
Past directorships within the last 5 years:
Sonae Sierra SGPS, Maia, Portugal
There is nothing further to be disclosed for compliance with
Schedule 2, paragraph (g) of the AIM Rules.
* The name change is subject to shareholder approval at the next
Annual General Meeting
- Ends -
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 2222
Chris Bowman / Richard Bootle
FTI Consulting +44 (0)20 7831 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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