Drakopoulos advised Secure Property Development & Investment PLC (“SPDI”) on the acquisition of income generating assets in Romania and Bulgaria.

Drakopoulos advised Secure Property Development & Investment PLC (“SPDI”) on the acquisition of income generating assets in Romania and Bulgaria. The deal involved a €25m transaction with respect to the acquisition of a set of prime property assets in Romania and Bulgaria by SPDI, an AIM quoted property company focused on Emerging Europe. The acquisitions involve a DIY retail property in Craiova, Romania, let to Praktiker, a leading European DIY retailer and Autounion office building, a Class A office building in Sofia, Bulgaria, let to a leading Bulgarian insurance company and are in line with SPDI’s commitment to profitable growth, enhancing its strategy to build a diversified portfolio of prime commercial real estate in East and Southeast Europe.