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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Secure Property Development & Investment Plc | LSE:SPDI | London | Ordinary Share | CY0102102213 | ORD EUR0.01 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 3.50 | 4.50 | 4.00 | 3.50 | 4.00 | 50,000 | 14:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2020 to Apr 2025
TIDMSPDI
RNS Number : 8652H
SPDI Secure Property Dev&Inv PLC
23 May 2014
Secure Property Development and Investment Limited PLC (SPDI.L)
("Secure" or the "Company")
SECURE PROPERTY SUCCESSFULLY COMPLETES THE EUR12.6 MILLION ACQUISITION OF A 17,000 SQM LOGISTICS PARK IN BUCHAREST
23 May 2014 - SECURE Property Development & Investment PLC (AIM: SPDI), a South Eastern European focused property and investment company, today announces that, further to its announcement of 10 March 2014, it has completed the acquisition of Innovations logistics park in Bucharest, Romania, from Myrian Nes Ltd and Theandrion Estates Ltd for EUR12.6 million. The acquisition has been funded by EUR4.4 million of the Company's existing cash resources and by issuance of 785,000 redeemable shares, with the remainder funded by bank debt.
Innovations is a fully-let 17,000 sqm gross leasable area logistics park located in Clinceni in Bucharest, which benefits from being on the Bucharest ring road, and currently produces EUR1.3 million of income per annum. The anchor tenant is Nestle which leases more than 60% of the gross leasable area, with the remainder let to locally managed Romanian businesses. This acquisition is expected to increase the Company's annual net operating income by over 60%.
The acquisition increases SECURE's regional logistics portfolio, which also includes the fully let Terminal Brovary asset in Kiev, to 67,000 sqm (with occupancy being at 100% of the warehouse space).
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Enquiries:
Secure Property Development & Investment
Ltd (formerly Aisi Realty Public Ltd) +30-210-7226470
Lambros Anagnostopoulos/Constantinos
Bitros
+44 (0)20 3100
Liberum Capital Limited (NOMAD and Broker) 2222
Chris Bowman / Richard Bootle
+44 (0)20 3727
FTI Consulting 1000
Richard Sunderland / Will Henderson /
Nick Taylor
This information is provided by RNS
The company news service from the London Stock Exchange
END
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