New Letting at Terminal Brovary Logistics Park

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[{"type":"text","content":"\n \nRNS Number : 9800R Aisi Realty Public Limited 26 November 2012  \n \n\n26 November 2012\nAisi Realty Public Limited \n(\"the Company\" or \"Secure Property Development and Investment Limited\")\nSECURE PROPERTY SIGNS 52,835 SQ FT LETTING TO BILLA AT TERMINAL BROVARY LOGISTICS PARK, KIEV \n \nSecure Property Development & Investment Limited, formerly Aisi Realty Public Limited*, a South Eastern European focused property and investment company, today announces that it has secured a 52,835 sq ft letting on a five year lease to supermarket operator BILLA-Ukraine Enterprise (\"BILLA\") at its main operating asset, Terminal Brovary Logistics Park (\"the Park\") in Kiev, Ukraine, bringing occupancy at the Park to ~90%. BILLA was previously present at the Park, occupying space sub-let by DSV; following the termination of DSV's lease at the park, BILLA has now taken all of the 35,765 sq ft that was previously let to DSV and an additional 17,070 sq ft.\n \nBILLA is a subsidiary of REWE Group, one of the leading food retail groups in Europe, which operates in 16 countries and generates turnover of c. €51 billion per annum. BILLA has been active in the Ukraine since 2000 and now operates 22 supermarkets in the country, employing 1,500 people, and represents a very strong tenant for the Park.\n \nThis is the latest in a series of lettings, and further demonstrates the Company's success in implementing its plans to improve capital returns at Terminal Brovary. Since the introduction of the new internal management in August 2011, occupancy at the Park has increased from a low of 20% to its current level and the property has become cash flow positive. The letting also builds on a number of successful initiatives which have been implemented as part of a wider strategy to turn the business around, improve the Company's financial strength, and reposition it for future growth. \n \nSituated in the Ukrainian capital of Kiev, Terminal Brovary comprises circa 525,000 sq ft of Class A warehouse and associated office space and is well-located, adjacent to the junction of the main Kyiv - Moscow highway and the Borispil road.\n \n \n \nLambros Anagnostopoulos, Chief Executive Officer of Secure Property, commented:\n\"The letting to BILLA follows a series of successful deals in recent months that have helped ...

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