– UK, London – LXi REIT plc (LON: LXI), the specialist inflation-protected long income REIT, today confirmed the appointments of Nick Leslau and Sandy Gumm to its Board as Non-Executive Directors with immediate effect.
“I am delighted to welcome Nick and Sandy to the Board. They bring with them a wealth of knowledge and experience gained in a number of roles which will further strengthen our Board and we look forward to working with them.” said Board Chairman, Cyrus Ardalan.
They will both join the Nomination Committee.
About Nick Leslau
Nick Leslau, BSc (Hons) Est Man, FRICS, until the merger was the Chairman and majority shareholder of Prestbury Investment Partners Limited, the investment adviser to the Secure Income REIT plc group of companies. Nick is a Fellow of the RICS, who has been Chairman and Chief Executive of Prestbury Investment Holdings Limited since it commenced business in 2000.
He was Chief Executive of Burford Holdings Plc for approximately ten years up to 1997 and Group Chairman and Chief Executive of Prestbury Group Plc from 1998. He has sat on many quoted and unquoted company boards including, most recently, Max Property Group Plc, and is a member of the Bank of England Property Forum. Nick was a director of Secure Income REIT plc and many of its UK subsidiaries throughout the time that it was listed.
About Sandy Gumm
Sandy Gumm, Bec, CA, is an Australian qualified Chartered Accountant with over 29 years of experience and COO of and a shareholder in Prestbury Investment Partners Limited, which was, until the merger became effective, the investment adviser to the SIR Group. She qualified as a Chartered Accountant in 1992 and worked for KPMG for nine years in Sydney and London before becoming Group Financial Controller of Burford Holdings Plc, where Nick Leslau was Chief Executive, in 1995. She was Finance Director at the time that Prestbury Group Plc was established in 1997, and in 2007 became COO of Prestbury. Sandy was a director of Secure Income REIT plc and all of its UK subsidiaries throughout the time that it was listed and has also acted as its Company Secretary during that time.
About LXI REIT plc
LXI REIT plc invests in UK commercial property assets let, or pre-let, on long (typically 20 to 30 years to expiry or first break), inflation-linked leases to a wide range of strong tenant covenants across a diverse range of robust property sectors.
The Company may invest in fixed-price forward funded developments, provided they are pre-let to an acceptable tenant and full planning permission is in place. The Company will not undertake any direct development activity nor assume direct development risk.
The Company is targeting a dividend of 6.3 pence per ordinary share for the year which commenced on 1 April 2022*.
The Company, a real estate investment trust incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.
The Company is a constituent of the FTSE 250, EPRA/NAREIT, and MSCI indices.
For more information: https://www.lxireit.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
