Secure Property Development & Investment has announced its second non-executive director appointment in as many months.
The South Eastern European focused property and investment company, formerly known as Aisi Realty Public, has been joined by Álvaro Portela.
Portela was previously the executive president and chief executive of Sonnae Sierra, playing a significant role in leading the company from the opening of its first major shopping centre, to having more than 50 shopping centres across the globe.
He now holds non-executive positions at various company boards, as chairman at Dubai developer MAFP, owner and operator, Sonae SGPS, Sonae Capital SGPS and other Portuguese companies, as well as two investment committee positions.
His appointment follows that of Harin Thaker, previously chief executive, Europe, of Hypo Real Estate, who joined SPDI as a non-executive director in May as announced last week.
The appointments build on a number of successful turnaround initiatives, which have been implemented by the new internal management as part of a wider strategy, to improve the company’s financial strength, and reposition it for future growth.
Lambros Anagnostopoulos, chief executive of Secure Property, said: “Having put the business on a more secure financial footing and improved its operational performance, this second heavyweight board appointment in as many weeks really underlines the progress we are making in our turnaround plans for the company.
“Álvaro’s skills, expertise and extensive experience in our industry are exactly what the business needs to support it through this exciting time and we look forward to working with him as we continue to progress our plans for future growth.”
Portela added: “Secure Property has undergone significant transformation over the last 12 months and is now in a much stronger position from which to grow.
“As such, I am extremely pleased to be joining the board as a non-executive director and I look forward to supporting Lambros and his team as it continues to progress its growth strategy.”
