Arcona Property Fund has concluded an agreement for the acquisition of a majority of the assets in the company Secure Property Development & Investment (SPDI), a company that’s listed on the AIM market in London. The transaction raises the value of Arsona’s portfolio by €41.9m to €78m. The acquisition will be financed through the emission of 2.1 million new shares and the transfer of €30m of existing senior debt. The majority of the assets, a mix of warehouses, offices, residential complexes and development sites, are located in Romania. The deal expands the geographical reach of Arcona’s portfolio, which has until now focused on the Czech Republic, Slovakia and Poland.
