Aisi Realty Public Limited (AIM:AISI), a South Eastern European focused property and investment company, announces that it proposes to change its name to 'Secure Property Development & Investment Limited'. The change is subject to shareholder approval at the next Annual General Meeting although the company will start operating under the new name with immediate effect.
The name change follows the introduction of new investors and an internalized management structure in August last year, as part of an agreement with Narrowpeak Consultants Ltd, a member of the SECURE Group, a specialist private equity real estate platform focusing in South East Europe.
Subsequently a number of successful turnaround initiatives have been implemented which have improved the company's financial strength and repositioned it in order to create a platform for future growth.
Lambros Anagnostopoulos, Chief Executive Officer at the newly named Secure Property Development & Investment Limited, commented: "Having made significant improvements across all areas of the business, we believe changing the name better reflects the new company, its stronger financial position and renewed prospects.
"Rebranding the company is the next logical step in our turnaround of the business and we hope to announce further positive progress in the near future."
Source: FTI Consulting