SECURE PROPERTY Development & Investment PLC (AIM:SPDI), managed by Aisi Realty Capital LLC entered into a binding agreement to acquire 17,756 Sqm Warehouse in Athens from G.E. Dimitriou Commercial Company S.A. (ATSE:GED) for €15 million on August 11, 2014. Under the terms of the agreement, Aisi Realty agreed to pay €2 million in cash and will assume associated debt of €13 million. The Warehouse reported a net operating income of €1.5 million.

The acquisition is expected to be concluded upon separation of the asset from G.E Dimitriou, its transfer to a newly formed company, and completion of certain other conditions. Tercel Moore and Jeff Keating of SP Angel Corporate Finance LLP acted as financial advisors while Richard Sunderland and Nick Taylor of FTI Consulting acted as public relations advisors to Aisi Realty.