Secure Property Development & Investment Limited, formerly Aisi Realty Public Limited*, a South Eastern European-focused property and investment company, announces the appointment of Harin Thaker as a Non-Executive Director.
Thaker, 57, a real estate veteran with over 20 years' industry experience, joins Secure Property from pbb Deutsche Pfandbriefbank AG, a specialized lender in real estate finance and public sector finance, where he held the role of Head of Real Estate Finance International.
Thaker was previously Chief Executive Officer, Europe, of Hypo Real Estate Bank International (as pbb Deutsche Pfandbriefbank AG was formerly known), where he was instrumental in spearheading the company's investment banking activities across Western and Central & Eastern Europe. Harin was appointed to the Board prior to the company's merger with Hypo Real Estate Bank AG in 2009.
The appointment follows a number of successful turnaround initiatives which have been implemented by the new internal management as part of a wider strategy, to improve the company's financial strength, and reposition it for future growth.
Lambros Anagnostopoulos, Chief Executive Officer of Secure Property, commented: "To have attracted such a longstanding and well respected real estate professional as Harin as a non-executive board director, and to have access to some of his time, is a real endorsement of the significant financial and operational progress we have made in turning Secure Property around over the last six months.
"Harin's real estate financing expertise, as well as his extensive experience and contacts in our key markets, will be invaluable in supporting our plans for the company's future growth and it gives me great pleasure to welcome him to the board."
Harin Thaker added: "Secure Property is a unique, interesting business with significant growth potential, having undergone considerable changes following the introduction of new management, and I am extremely pleased to be joining the Board at such an exciting time in the company's development."
*The company's name change to Secure Property Development and Investment Limited is subject to shareholder approval at the next Annual General Meeting.
Source: FTI Consulting