Aisi Realty Public, a closed-ended investment company focusing on Ukraine, has purchased an outdoor advertising business in Kiev. It is Aisi's first acquisition since it became an AIM-listed company last month.
Aisi Realty Public, a closed-ended investment company focusing on Ukraine, has purchased an outdoor advertising business in Kiev. It is Aisi's first acquisition since it became an AIM-listed company last month.
The business has 110 freestanding poster boards located at prime pedestrian locations in the city, five banner hoardings on major traffic routes and a further 2,000 advertising slots on Kiev’s public transport system. Over 65% of the available advertising space is under contract until December 2008. Aisi will keep the business under its current management and intends to grow it organically with the addition of suitable new sites.
'This represents an exciting new opportunity in an expanding market,' commented Aisi’s director Beso Sikharulidze. ‘Outdoor advertising is currently growing at over 30% a year in the Ukraine. This acquisition will complement our real estate investments and provide a good income whilst maintaining our focus.'
