– UK, London – Alternative Income REIT PLC (LON: AIRE) today announced the appointment of Simon Bennett to its Board as an Independent Non-Executive Director and Chair-Designate with immediate effect, to succeed Alan Sippetts who will resign from the Board and as Chairman on 30 November 2022.
“The Board is pleased to welcome Simon and I have every confidence in his ability as my successor. He brings extensive experience as a non-executive director and chairman, as well as investment and capital market knowledge,” said Board Chairman, Alan Sippetts.
Simon Bennett will also join the Audit Committee and the Management Engagement Committee.
About Simon Bennett
Simon Bennett is a chartered accountant with extensive experience in providing strategic, financial, and other advice to growing companies. He has worked for several of the world’s largest banks and has wide-ranging experience in the international debt and equity markets. He was Head of Corporate Finance and Head of mid and small-caps teams at Credit Lyonnais Securities (now Credit Agricole), as well as head of Corporate Broking at Fairfax IS plc and Sanlam Securities.
Simon Bennett is currently the non-executive Chair of Inland Homes Plc, the AIM-listed specialist housebuilder and brownfield site developer. In addition, he is Chair of Drumz plc, the AIM-listed technology investment company, where he is Chair of the Audit Committee and is a Non-executive Director of Kwalee Ltd, the developer, and publisher of games digital distribution, where he is also Chair of the Audit Committee. Simon is the principal partner of Incremental Capital LLP, which he founded in 2004 to provide corporate finance advice to mid and small-cap and growing companies.
About Alternative Income REIT PLC
Alternative Income REIT PLC aims to generate a sustainable, secure, and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group’s portfolio are let on long leases which contain index-linked rent review provisions.
The Company’s investment adviser is M7 Real Estate Limited. M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 225 employees in 15 countries across Europe. The team manages over 580 properties with a value of €5.8 billion.
For more information: https://ww.alternativeincomereit.com/
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