Arcona Property Fund N.V. (ENXTAM:MERE) agreed to acquire certain assets in Bulgaria and Ukraine from Secure Property Development & Investment Plc (AIM:SPDI) a fund managed by Aisi Realty Capital LLC on August 7, 2019. As per the terms of the transaction, the assets are acquired by the issue 0.63 million shares and 0.19 million warrants of Arcona. The Assets comprise Boyana, a residential project in Bulgaria with a gross asset value as per the Company’s 2018 accounts of €8.8 million, and three plots of land for development in Odessa, Zaporoznie and Tsimliansky in Ukraine with a gross asset value of €6.5 million. The assets are valued at €15.3 million. In a related transaction Arcona Property Fund N.V. signed an conditional framework agreement to acquire Stage 2 & 3 of Property Portfolio Excluding Greek Logistics Properties from Secure Property Development & Investment Plc (AIM:SPDI) a fund managed by Aisi Realty Capital LLC. The Boyana project is financed through a €3.4 million bank loan from Alpha Bank. The transaction does not require approval of SPDI Shareholder. The transaction is expected to close in the third quarter of 2019. As of November 4, 2019 Arcona Property Fund N.V. completed the acquisition of two plots of land for development in Odessa and Zaporoznie from Secure Property Development & Investment Plc a fund managed by Aisi Realty Capital LLC. Arcona Property Fund has financed these two acquisitions with the issue of 277,943 of its own shares and 67,063 warrants. Arcona Property Fund expects on short term to complete the acquisition from SPDI of the Boyana project in Sofia, Bulgaria. Arcona Property Fund completed acquisition of Boyana on December 6, 2019. The transaction is expected to complete on December 31, 2019. Arcona Property Fund N.V. (ENXTAM:MERE) completed the acquisition of certain assets in Bulgaria and Ukraine from Secure Property Development & Investment Plc (AIM:SPDI) a fund managed by Aisi Realty Capital LLC on February 25, 2020.