Aisi Realty Public Limited New Letting at Terminal Brovary Logistics Park (4890Q)
November 07 2012 - 2:00AM
UK Regulatory
TIDMAISI
RNS Number : 4890Q
Aisi Realty Public Limited
07 November 2012
7 November 2012
Aisi Realty Public Limited
("the Company" or "Secure Property Development and Investment
Limited")
SECURE PROPERTY SIGNS C. 27,500 SQ FT OF LETTING 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 a circa 27,500 sq ft letting at its main operating asset,
Terminal Brovary Logistics Park ("the Park"), in Kiev, Ukraine,
bringing occupancy at the Park to over 85%.
Alba Ukraine, a wholesale pharmaceutical distributor and
subsidiary of Laona Investments Limited, has signed circa 27,500 sq
ft of space on a three year lease. The letting is 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 340% and become cash
flow positive. The letting also builds 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:
"The new letting contract with Alba Ukraine further demonstrates
our aim to improve capital returns at Terminal Brovary. Alba
Ukraine's decision to install its operations at the Park underlines
the Company's ability to create value and improve income, while
bringing Terminal Brovary a step closer to being fully
occupied."
- 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 / Will Henderson/
Daniel O'Donnell
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
MSCLLFFDLSLRIIF
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