New valuation

About this update from Secure Property Development & Investment Plc

[{"type":"text","content":"\n Aisi Realty Public Limited\n27 September 2007\n\n\n27 September 2007\n\n Aisi Realty Public Limited\n\n Investment Portfolio Valuation\n\nAisi Realty Public Limited ('Aisi' or 'the Company'), a property investment\ncompany focusing on development projects and related investments in Ukraine, is\npleased to announce the updated valuation of its investment portfolio as at \n1 August 2007.\n\nDTZ, an independent property valuer, has conducted a valuation of Aisi's\ninvestment portfolio as at 1 August 2007. The aggregate value of the current\nportfolio is $40.5m. This valuation will be utilised in the calculation of the\nnumber of warrants to be issued under the terms of the Founding Shareholders\nWarrants as set out in the Company's admission document.\n\nThe continuing increase in the value of the investments reflects Aisi's policy\nof investing in high quality assets with both local, and in the case of\nwarehouse and logistics facilities, international appeal which have the\npotential to provide significant returns to shareholders through capital\nappreciation.\n\nCommenting on the valuation, Beso Sikharulidze, Director of Aisi, said: 'Steady\nincrease in valuation confirms the view, that we are taking, of the considerable\nopportunity in Ukrainian real estate. We continue to explore opportunities that\nreflect our commitment to a high quality approach to our asset base.'\n\nEnquiries\n\nAisi Realty:\nBeso Sikharulidze 0038 044 459 3000\n\nCorfin Communications:\nNeil Thapar, William Cullum 020 7977 0020\n\nLibertas Capital:\nAndrew Hardy, Aamir Quraishi 020 7569 9650\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2058,"tagName":"div"}]

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