Ground Rents Income Fund appoints Barry Gilbertson to its Board as Independent Director and Chairman-elect

– UK, London –  Ground Rents Income Fund PLC (LON: GRIO) today announced the appointment of Barry Gilbertson to its Board as an Independent Non-executive Director, effective from 10 February 2021.

The company also announced that Malcolm Naish intends to retire as Chairman and from the Board at the next AGM. It is intended that Barry will succeed Malcolm as Chairman, on his retirement.

Malcolm Naish, Chairman of Ground Rents Income Fund, said: “Barry’s extensive REIT and wider real estate experience will be a valuable addition to the Board, helping position the Company for future growth, while managing the current leasehold reform process effectively.”

About Barry Gilbertson

Barry is a consultant with a focus on real estate, strategy, and risk, having more than 45 years’ experience advising on property, including as an adviser to the Bank of England and as President of the Royal Institution of Chartered Surveyors. Barry is a former partner in PricewaterhouseCoopers and former non-executive consultant to Knight Frank LLP.

He has held advisory appointments with the United Nations and with the UK Government.

Barry was recently appointed as Executive Chairman of Custodian Capital Limited, a subsidiary of Mattioli Woods plc, on 4 January 2021. His previous public company independent non-executive directorships include Custodian REIT, Granite REIT, and RONA Incorporated. Barry has chaired or served on various committees in these companies, including Audit (and Risk), Governance, Nominations, Strategy, and Remuneration.

Barry Gilbertson, Chairman-elect of Ground Rents Income Fund, said: “I am looking forward to joining the Company. I am keen to support the Board and the wider team in their considerable work navigating upcoming leasehold and regulatory reform in a way which protects the Company’s interests, whilst making sure that leaseholders are treated fairly.”

Barry served on the Council of The University of Bath from 2014 to 2020, previously serving on the Finance Committee and for the last two years chairing the new Remuneration Committee; holds Visiting Professor appointments at two UK universities and has been awarded Honorary Membership of four international professional bodies. Among his voluntary roles, Barry is Chairman of The City of Bath UNESCO World Heritage Site.

For more information: http://www.groundrentsincomefund.com/

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