– UK, London – Palace Capital, the property investment company that focuses on commercial property outside London, is pleased to announce the appointment of Mr. Stephen Silvester, ACA, to the Board of the Company as Finance Director. He will join the Company on 1 July 2015.
Stephen Silvester, a Chartered Accountant, brings to Palace Capital over ten years’ experience as a finance professional, with a background across a range of markets, including real estate.
Since 2012, he has served as Group Financial Controller at NewRiver Retail Ltd. an AIM-listed REIT specialising in the UK Retail Sector. He was involved in debt restructuring, numerous property portfolio acquisitions, capital raisings and securing credit facilities from major institutions.
Prior to NewRiver, Mr Silvester was Group Financial Controller for St Hilliers Pty Ltd., a large real estate company based in Australia with construction and property development operations in both the residential and commercial sectors. Before 2008, Stephen was a senior accountant and business advisor for PKF Chartered Accountants in Australia.
Commenting on the appointment Neil Sinclair, Chief Executive of Palace Capital, said: “I am delighted to welcome Stephen to the Palace Capital Board and I look forward to working with him. In our interim results announced in November of last year, we highlighted that we were looking to appoint a Finance Director. After a comprehensive search, we are very pleased to have been able to appoint an individual of Stephen’s calibre”.
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