Thaker joins Secure Property as non-exec director

Secure Property Development & Investment, formerly Aisi Realty Public, has appointed former banker Harin Thaker as a non-executive director.

Thaker, 57, a real estate veteran with over 20 years’ industry experience, joins Secure Property from pbb Deutsche Pfandbriefbank, a specialised lender in real estate finance and public sector finance, where he held the role of head of Real Estate Finance International. He was previously CEO Europe of pbb Deutsche Pfandbriefbank, at the time known as Hypo Real Estate Bank International, where he helped spearhead the company's investment banking activities across Western and Central & Eastern Europe.

Thaker was appointed to the board prior to the company's merger with Hypo Real Estate Bank in 2009.

The appointment is the latest in a number of turnaround initiatives implemented by Secure Property's new internal management as part of a wider strategy to improve financial strength and reposition the business for future growth.

Secure Property Development and Investment is a South Eastern Europe-focused property company incorporated in Cyprus. The company's portfolio comprises the Terminal Brovary logistics park in Kiev and four development projects at different stages of progression, which have a combined value of EUR 33 mln.