Aisi Realty Public AISI Directorate Change

  Aisi Realty Public (AISI) - Directorate Change

RNS Number : 4268L
Aisi Realty Public Limited
04 September 2012
 



04 September 2012

                          Aisi Realty Public Limited

    (the "Company" or "Secure Property Development & Investment Limited")

 

                           RESIGNATION OF DIRECTOR

 

Secure Property Development & Investment Limited, formerly Aisi Realty  Public 
Limited*, a South  Eastern European focused  property and investment  company, 
today  announces  the  resignation  from  the  Board  of  Directors  of  Besik 
Sikharulidze.

 

Mr. Sikharulidze had  been a representative  of Aisi Realty  Capital LLC,  the 
previous and third party external manager of Aisi Realty Public, which managed
the Company until August 2011. Mr. Sikharulidze stayed on as Managing Director
of Ukraine and  as a member  of the Board  to ensure a  smooth transition  was 
achieved.

 

                                   - Ends -

                                       

Enquiries:

 
Secure Property Development & Investment Ltd (formerly     + 380 44 459 3000
Aisi Realty Public Ltd)
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 / Will Henderson                                   

 

*Subject to shareholder approval at the next Annual General Meeting

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 €33 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 €250m 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
 
 
BOAGRGDCDGGBGDS -0- Sep/04/2012 07:05 GMT