SECURE reaches targeted equity capital commitment of €50m (GR)

South Eastern Continent Unique Real Estate (SECURE) Investments Ltd has concluded its second and final Closing and has reached its targeted equity capital commitment of €50 million. The company has 20 institutional and private investors with AEDES Investissement S.A. being its strategic investor and the largest one with capital commitment amounting to 40% of the total, or €20 million.

Since the first closing that took place in January 2007, SECURE Investments has invested in three projects deploying more than 30% of its total capital committed. SECURE Investments has participated in two large scale residential projects in Bucharest, Romania, one of which is currently under development with initial sales reaching more than 70% of all Phase A units. The third project is a very prominent mixed-use project in Belgrade, Serbia. The total equity to be deployed for the development of these projects is ~55% of the Company's total capital commitment.

SECURE Investment's strategy is to invest alongside reputable developers and other partners in property development projects which have a substantial residential component. The Company's geographic coverage focuses on South Eastern Europe, with emphasis put in the markets of Romania, Serbia and Bulgaria. SECURE Investments plans to leverage its Equity Capital, allowing it to eventually deploy more than €150 million in such projects.

The Company will continue enhancing the value of their investment through compiling a distinct project pipeline and identifying and managing the most profitable opportunities via its strong presence in the South Eastern Europe region.

Source: SECURE

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