Arcona Property Fund N.V. (ENXTAM:ARCPF) signed a purchase agreement to acquire 24.4% stake in A modern office building in central Bucharest from Secure Property Development & Investment Plc (AIM:SPDI), a fund managed by Aisi Realty Capital LLC on June 14, 2021. The value of the building is €5 million. Arcona Property Fund will acquire the second phase assets by issuing ca. 605,000 shares at an intrinsic value of €11.87 each and ca. 146,000 warrants which can be converted into Arcona Property Fund NV shares if the Fund´s shares reach a price level of €7.20. The warrants will expire after five years following their issuance and are exercisable after one year, unless a prospectus with respect to the warrant and or the underlying shares is published. In a related transaction, Arcona Property Fund N.V. (ENXTAM:ARCPF) signed the purchase agreement to acquire 2,700 m² Office Building in North-west Bucharest on June 14, 2021. On completion, the Net Asset Value of the Fund should rise by ca.€7.18 million and the debt level should rise by ca. €4.16 million. The Loan to Value ratio, currently 47.5%, will therefore see a further decrease. The net asset value per share, currently €11.87, should not materially change. The purchases should be completed in the second half of 2021.