Secure Property Dev & Inv PLC Transfer of Ukrainian property asset to Arcona

RNS Number : 2387W

Secure Property Dev & Inv PLC

06 February 2025

 

06 February 2025

 

Secure Property Development & Investment PLC ('SPDI' or 'the Company')

 

Transfer of Ukrainian property asset to Arcona Property Fund N.V.

 

Secure Property Development and Investment PLC (AIM: SPDI), the South Eastern European focused property company, is pleased to announce the transfer of a 100% interest in the Kiyanovskiy Residence, a 0.55Ha freehold and leasehold land property near to Kyiv city centre (the 'Kiyanovskiy Residence'),  to Arcona Property Fund N.V. ('Arcona') in exchange for c.€1,05 million in cash and the issue to SPDI of 68,782 new shares in Arcona ('the Transfer').

 

Based on the latest announced Net Asset Value of Arcona's shares on 30 September 2024, the Transfer values the interest in the Kiyanovskiy Residence at c.€1,8 million.

 

The Kiyanovskiy Residence asset is part of Stage Two of the previously announced transfer to Arcona of SPDI's property portfolio, in exchange for new shares and warrants in Arcona, to create a larger Central and South Eastern European focused investment vehicle (the 'Arcona Transaction').

 

 

 

**ENDS**

For further information please visit www.secure-property.eu or contact:

 

Lambros Anagnostopoulos	SPDI	Tel: [phone]
Rory Murphy Ritchie Balmer Robert Collins	Strand Hanson Limited	Tel: [phone]
Jon Belliss   Susie Geliher Will Turner	Novum Securities Limited   St Brides Partners Ltd	Tel: [phone]   Tel: [phone]

 

About Secure Property Development and Investment PLC

Secure Property Development and Investment plc is an AIM listed property development and investment company focused on the South East European markets.  The Company's strategy is focused on generating healthy investment returns principally derived from: the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets.  The Company is focused primarily on commercial and industrial property in populous locations with blue chip tenants on long term rental contracts.  The Company's senior management consists of a team of executives that possess extensive experience in managing real estate companies both in the private and the publicly listed sector, in various European countries.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCEQLFBELLEBBZ