Lettings at Terminal Brovary Logistics Park, Kiev (2562G)
June 27 2012 - 6:21AM
UK Regulatory
TIDMAISI
RNS Number : 2562G
Aisi Realty Public Limited
27 June 2012
27 June 2012
Aisi Realty Public Limited
("the Company" or "Secure Property Development and Investment
Limited")
SECURE PROPERTY SIGNS C. 150,000 SQ FT OF LETTINGS AT TERMINAL
BROVARY LOGISTICS PARK, KIEV
Secure Property Development & Investment Limited, formerly
Aisi Realty Public Limited, a South Eastern European focused
property and investment company, today announces that it has
secured circa 150,000 sq ft of lettings at its main operating
asset, Terminal Brovary Logistics Park ("the Park"), in Kiev,
Ukraine. The lettings bring occupancy to over 70% compared with 20%
in August 2011, when a new internal team took over the management
of the Company.
Sumatra Ltd, a leading retailer of drugs, perfumes and
cosmetics, and affiliate of Sigma Bleyzer Inc., a US based Private
Equity fund, has signed circa 105,000 sq ft of space on a six year
lease. Meanwhile, two existing tenants, international logistics
contractors Rhenus Revival and FM Logistic, have taken a total of
circa 45,000 sq ft of additional space at the Park.
The lettings are in line with the Company's plans to improve
capital returns at Terminal Brovary. Since the introduction of the
new internal management in August 2011, occupancy at the Park has
increased by 250% and the Park is now cash flow positive. The
lettings also build on a number of successful initiatives which
have been implemented as part of a wider strategy to turn the
business around, improve the Company's financial strength, and
reposition it for future growth.
Situated in the Ukrainian capital of Kiev, Terminal Brovary
comprises circa 525,000 sq ft of Class A warehouse and associated
office space and is well-located, adjacent to the junction of the
main Kyiv - Moscow highway and the Borispil road.
Lambros Anagnostopoulos, Chief Executive Officer of Secure
Property, commented:
"These lettings mark a significant step in our plans to improve
capital returns at Terminal Brovary. In addition, they clearly
demonstrate the progress we are making in our strategy to turn the
Company around, which is underpinned by an initial focus on
increasing income and creating value from the Company's existing
assets. We are pleased to have secured Sumatra Ltd as a tenant and
believe that the decision by two of our existing occupiers to
expand their presence at the Park, is testament to both the
excellent credentials of Terminal Brovary and of our own asset
management skills."
- Ends -
Enquiries:
Secure Property Development & Investment Ltd (formerly Aisi Realty Public Ltd) + 380 44 459 3000
Lambros Anagnostopoulos
+44 (0)20 3100
Liberum Capital Limited (NOMAD and Broker) 2222
Chris Bowman / Richard Bootle
+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
MSCMMGZVGNRGZZM
Secure Property Developm... (LSE:SPDI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Secure Property Developm... (LSE:SPDI)
Historical Stock Chart
From Jul 2023 to Jul 2024