SPDI is a London quoted property development and investment company focused on the South East and Eastern European markets. The Company’s strategy is centred on generating investment returns principally derived from the operation of income generating commercial properties and capital appreciation through investment in high yield real estate assets. With a focus on commercial and industrial property with blue chip tenants on long term rental contracts, the Company has an established property portfolio spread across the region. The senior management consists of executives that possess extensive experience in managing real estate companies, both in the private and the publicly listed sector, who are complemented by an advisory network across the region, who assist in the identification and management of investments opportunities.

SPDI:AIM

http://www.secure-property.eu/

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Completes Purchase of Prime European Property
RNS
RNS Number : 9686S
Secure Property Dev & Inv PLC
14 July 2015



Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate

14 July 2015

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

Completes Acquisition of Romanian DIY Retail Property with Annualised NOI of EUR1 million



Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property and investment company, is pleased to announce that further to its announcement of 21 May 2015, it has completed the acquisition of 100% interest in BLUEBIGBOX 3 S.R.L ('BLUEBIGBOX'), a DIY retail property in a prime location in Craiova, Romania wholly let to Praktiker, a leading European DIY retailer. The building produces an annualised net operating income ('NOI') of ~€1 million and has a Gross Lettable Area ('GLA') of 9,385 square metres.



This acquisition is part of a series of acquisitions of prime property assets in Romania and Bulgaria ('the Acquisitions'), which together raise the Company's annualised NOI to over €8 million. This is in line with the Company's strategy to build a diversified portfolio of prime commercial real estate in East and Southeast Europe, which generates cash flow from blue chip tenants and offers substantial potential for capital growth.



As previously announced on 21 May 2015, the Acquisitions have been effected through the issuance of new SPDI ordinary shares, warrants and the Redeemable Convertible Preference Shares ('RCPS') to the vendors at a blended issuance price of 45p per share, (assuming full exercise of the warrants and conversion of the RCPSs) which represents a 67% premium to the share price at the close of business on 13 July 2015 and leaves current cash reserves intact. More specifically the acquisition of BLUEBIGBOX, with a total consideration of €6.1 million, has been settled by the issue of 8,618,997 RCPSs to the vendors which will be either converted to an equal number of ordinary shares or redeemed for €0.7056 per RCPS on 13 July 2016.



Lambros Anagnostopoulos, Chief Executive Officer of Secure Property, said: "This acquisition alone adds ~€1 million to our annualised net operating income and is a significant addition to our growing portfolio of prime real estate in South Eastern Europe. This all share transaction provides us with additional exposure to retail property in Romania, which with a GDP growth of 4.2% in the first quarter of 2015 has the fastest growing economy in the Eurozone, and also enables us to provide further immediate stable cash flows with long term visibility. This acquisition is yet another step as we progress towards our goal to build SPDI into a leading, regional, institutional, income generating property company in Emerging Europe."



**ENDS**

Interim Results
RNS
RNS Number : 6185A
Secure Property Dev & Inv PLC
30 September 2015



Secure Property Development & Invest PLC/ Index: AIM / Epic: SPDI / Sector: Real Estate

30 September 2015

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

Interim Results



Secure Property Development & Investment PLC, the AIM quoted South Eastern European focused property and investment company, is pleased to announce its interim results for the period ended 30 June 2015.



Financial Highlights

· 103% increase in total asset value to €134 million (31 December 2014: €66million) reflecting the transformational property acquisitions made during the period across the region

· 77% increase in rental income to €2.3 million (H12014: €1.3million)

· EBITDA turned positive to €1.5 million compared to a loss of €0.4million for H12014

· €8 million cash raised via Open Offer in March 2015

· 84% increase in Net Asset Value to €59 million (31 December 2014: €32 million) due to share capital increase via Open Offer and issue of shares in settlement of asset acquisitions

· The loan to value ratio as at 30 June 2015 stands at 53% (31 December 2014: 48%) demonstrating strong asset backing behind the Company



Operational Highlights

· Successfully implemented strategy to expand the geographic spread of the portfolio to encompass fast growing South Eastern European countries which offer high yields and capital growth

· Acquired three income producing assets in Romania, Greece and Bulgaria that, combined, generate ~€3 million of Net Operating Income ('NOI') annually, increasing the Company's annualised NOI by ~73% to ~€7 million by the end of H12015;

o NOI now stands at c. ~€8 million following the completion of the acquisition in Craiova post period end

· Blue chip tenants on long leases in acquired properties including: multinational logistics company Kuehne and Nagel; Pratiker; and the Romanian Telecoms Regulator - long lease terms provide revenue visibility

· Acquisitions add a combined ~€64.5 million of gross asset value since year end, increasing total Assets under Management ('AuM') to ~€126 million

· Provides further geographic diversification of portfolio, and ensures SPDI's position as a South Eastern Europe regional property company

· Cash generative and asset backed platform in place to take advantage of highly positive South Eastern European property market fundamentals and the ongoing European yield compression play



Lambros G. Anagnostopoulos, Chief Executive Officer, said, "Thanks to the acquisition of a further five properties, the six months under review has seen excellent progress made towards delivering on our objective to build a diversified portfolio of prime properties in South Eastern Europe with visible income streams and significant capital growth potential. The numbers speak for themselves: we now have a portfolio of six income producing property assets in four countries in the region as well as residential and land non-core assets; our AuM now stands at €126 million; while our annualised NOI totals c. €8m. As a result we now have a cash generative, asset backed platform in place which will allow us to accelerate the roll-out of our strategy through the acquisition of additional properties that fit our investment criteria: prime locations; strong covenants with blue chip tenants on long term rental contracts; secured at attractive high yields.



"We believe we are in the right market at the right time. The supply and demand dynamics of the region's commercial property markets remain favourable in terms of future rental growth and potential capital uplift. Meanwhile the commencement of the ECB's quantitative easing programme earlier in the year provides a significant tailwind to the ongoing European yield compression play which in our view has a long way to run further, particularly in our core area of focus. Backed by a strong team of non-executive directors, seasoned executives and experienced staff and advisers, which has proven its ability to identify and secure prime properties at attractive prices, Secure is ideally placed to deliver on its goal to create the leading institutional South Eastern European income producing and dividend yielding property company."



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