Regional REIT ZDP PLC Major hire at LSI for Regional REIT mandate (9863V)
09 November 2017 - 8:00AM
UK Regulatory
TIDMRGLZ
RNS Number : 9863V
Regional REIT ZDP PLC
09 November 2017
9 November 2017
Asset Manager announces major hire for Regional REIT mandate
London & Scottish Investments (LSI) today announce the
appointment of Simon Marriott to the position of Investment
Director. Simon will join the main LSI board and work closely with
Chief Executive Stephen Inglis on Regional REIT.
Simon joins LSI with over 30 years' experience in the property
industry, most recently at Cromwell Property Group (formerly Valad)
where he was of Head of Investments and UK Real Estate. In that
role he was responsible for approximately GBP1 billion of
investment, development and bank workout mandates across the UK, as
well as investment across Cromwell's European platform.
Prior to Cromwell, Simon held a number of senior roles including
Director Real Estate transactions at PwC, Senior Vice President
Managing Director Investments at Oxford Properties and Head of
Separate Accounts at Invista REIM, managing funds with an AUM of
over GBP2.5 billion.
LSI is the asset and property manager for Regional REIT, the UK
regional office and industrial focused REIT. As a result of an
active two years since listing in November 2015, including several
large portfolio acquisitions, Regional REIT's portfolio has grown
significantly to be in excess of GBP640m in value.
Stephen Inglis, Chief Executive of LSI and Director of Regional
REIT said:
"I am absolutely delighted to announce Simon's appointment. He
is very well respected and experienced property professional who
will be a fantastic addition to the LSI team, particularly as
Regional REIT continues to grow. I look forward to working with him
to further enhance Regional REIT, which will remain opportunistic
and focused on high dividend and total returns for
shareholders."
Simon Marriott added: "I have known the LSI team for a long time
have been impressed by the, strategy behind Regional REIT, and the
execution of that strategy to date. Having followed Regional REIT
since its listing in 2015 it has quickly become, in my opinion, the
best high dividend return offer in the UK commercial real estate
sector, run by a fabulous team that I am delighted to be
joining."
- ENDS -
Enquiries:
Headland
Francesca Tuckett / Bryony Sym / Jack Gault / - 0203 805
4822
About Regional REIT
Regional REIT Limited (LSE: RGL) ("Regional REIT", the "Group"
or the "Company") is a London Stock Exchange Main Market traded
specialist real estate investment trust focused on office and
industrial property interests in the principal regional locations
of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments,
the Asset Manager, and Toscafund Asset Management, the Investment
Manager, and was formed by the combination of two existing funds
previously created by the Managers as a differentiated play on the
expected recovery in UK regional property, to deliver an attractive
total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 30 June 2017, was spread
across 150 regional properties, 1,093 units and 823 tenants. As at
30 June 2017, the investment portfolio had a value of GBP640.4m and
a net initial yield of 6.7%. The weighted average unexpired lease
term to first break was 3.5 years.
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.
London & Scottish Property is a wholly-owned subsidiary of
London & Scottish Investments Limited, the Asset Manager to
Regional REIT Limited, providing property and asset management
services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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