Regional REIT Limited Appointment of Non-Executive Director (8001M)
May 25 2022 - 8:05AM
UK Regulatory
TIDMRGL
RNS Number : 8001M
Regional REIT Limited
25 May 2022
25 May 2022
Regional REIT Limited
("Regional REIT" or the "Company")
Appointment of Non-Executive Director
The Board of Regional REIT (LSE: RGL), the regional office
specialist, is pleased to announce the appointment of Ms. Massy
Larizadeh as Non-Executive Director of the Company and a member of
the Audit Committee, Nomination Committee and Management Engagement
and Remuneration Committee with effect from 1 June 2022. Massy has
a particular interest in environmental, social, and governance
(ESG) issues and as such will be taking a lead role in the
Company's ESG matters and will become the Chair of the ESG Working
Party which also includes members of the Asset and Investment
Manager.
Massy has over 30 years of experience across the financial
services sector and, more recently, has spent the last seventeen
years in the commercial real estate sector. In the property sector
she has held senior executive roles with blue-chip companies, such
as GE Real Estate, Cushman & Wakefield Investors and Deloitte
Real Estate. Massy is a Non-Executive Director of Orbit Group and
London & Partners, and serves as a Director of New Horizons
Advisory Ltd. She is also a member of the Board of Trustees of
UPProjects.
Kevin McGrath, Chairman of the Company , commented:
"I am delighted that Massy has agreed to join the Board of
Regional REIT Limited. Massy's impressive career in the financial
services and commercial real estate sector will be of great benefit
to us. She will receive a warm welcome and we look forward to
working with her."
No further information is required to be disclosed pursuant to
LR 9.6.13 in respect of Massy Larizadeh.
Ends
Enquiries:
Regional REIT Limited
Toscafund Asset Management Tel: +44 (0) 20 7845
6100
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional
REIT Limited
London & Scottish Property Investment Tel: +44 (0) 141
Management 248 4155
Asset Manager to the Group
Stephen Inglis
Buchanan Communications Tel: +44 (0) 20 7466
5000
Financial PR regional@buchanan.uk.com
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 Toscafund Asset Management LLP, the
Investment Manager.
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 168
properties, 1,077 occupiers as at 31 December 2021, with a
valuation of c.GBP906.1m.
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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END
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