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Secure Property Development & Investment PLC - London-headquartered commercial property investor focused on south eastern Europe - Agrees to convert €2.5 million of the loan it extended in 2017 to Myrian Nes Ltd, a logistics property owner and developer in Romania.
Converts into a 50% equity stake in a joint venture company with Myrian Nes. The joint venture aims to develop a portfolio of logistics properties in Romania. The remaining part of the loan, which totalled €3.8 million at December 31, will be repaid in regular intervals. It is expected to be fully repaid by the end of 2022.
Current stock price: 6.00 pence
12-month change: down 14%
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