SECURE PROPERTY Development & Investment ( (GB:SPDI) ) just unveiled an announcement.
Secure Property Development and Investment PLC announced the transfer of its complete interest in the Kiyanovskiy Residence, a property near Kyiv, to Arcona Property Fund N.V. in exchange for approximately €1.05 million and 68,782 new shares in Arcona. This transfer, valued at around €1.8 million, is part of a broader strategy to consolidate SPDI’s property portfolio with Arcona, creating a larger investment vehicle focused on Central and South Eastern Europe, indicating an effort to strengthen its market position and expand its investment reach.
More about SECURE PROPERTY Development & Investment
Secure Property Development and Investment PLC is an AIM-listed property development and investment company focusing on the South East European markets. It aims to generate investment returns through income-generating commercial properties and capital appreciation in high-yield real estate assets, primarily engaging with commercial and industrial properties in populous areas with blue-chip tenants on long-term rental contracts. The company is led by a team with extensive experience in managing real estate firms across various European countries.
Average Trading Volume: 95,801
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £5.17M
For detailed information about SPDI stock, go to TipRanks’ Stock Analysis page.