Director Appointment
21 October 2024
Regional REIT Limited
("Regional REIT" or the "Company")
Director Appointment
The Board of Regional REIT is pleased to announce that Nicole Burstow will be appointed as a Non-Executive Director of the Company as a representative of significant shareholder, Bridgemere Investments Limited, with effect from 24 October 2024.
Nicole has over 20 years' experience across the financial services sector and is a qualified chartered accountant. Nicole's experience includes a 15-year career at Deloitte LLP where she was a Director before moving to DSW Capital, a publicly listed mid-market challenger professional services network, initially joining as CFO and latterly Deputy CEO. During her time at DSW Capital, she was shortlisted for Chief Financial Officer of the Year at the 2023 Women in Finance Awards.
Nicole is currently CFO of the Bridgemere Group of companies, consisting of a portfolio of strategic long-term investments and businesses in housebuilding, land and property development and leisure.
There are no other details or disclosures to be made which are required under UKLR 6.4.8R
of the Financial Conduct Authority's Listing Rules.
Kevin McGrath, Chairman of Regional REIT, commented: "The Board is delighted that Nicole is joining the Board of Regional REIT. Nicole's impressive career in financial services and extensive commercial experience will be of great benefit to the Company at this important stage of its life."
As previously announced, the Nomination Committee is progressing with the process to identify a new Non-Executive Chair to replace Kevin McGrath, who has served his nine-year tenure. A further announcement will be made by the Company in due course.
- Ends -
Enquiries:
Regional REIT Limited |
|
Press enquiries through Buchanan | |
ESR Europe Private Markets Limited | Tel: +44 (0) 203 831 9776 |
Investment Adviser to the Group | |
Adam Dickinson, Investor Relations, Regional REIT Limited | |
London & Scottish Property Investment Management | Tel: +44 (0) 141 248 4155 |
Asset Manager to the Group | |
Stephen Inglis | |
Burson Buchanan | Tel: +44 (0) 20 7466 5000 |
Financial PR | |
Charles Ryland, Henry Wilson, George Beale |
About Regional REIT
Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and ESR Europe Private Markets Limited, the Investment Adviser.
Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 132 properties, 832 tenants as at 30 June 2024, with a valuation of c.£647.9m.
Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core and core plus property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.
The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com.
Cautionary Statement
This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.
ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73
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