– UK, London – Picton Property Income Limited (LON: PCTN) announced the appointment of Francis Salway to its Board as a Non-Executive Director and Chair effective on 1 February 2025, to succeed Lena Wilson who will step down from the Board on 31 January 2025.
Francis Salway will also be Chair of the Nomination Committee.
About Francis Salway
Francis Salway brings a wealth of property expertise and experience to the Board. He was Chief Executive of Land Securities plc, then the country’s largest listed commercial property company, between 2004 and 2012, having joined the board in 2001, and before that was Investment Director at Standard Life Investments.
He is currently a non-executive director of Watkin Jones plc, the UK’s leading residential-for-rent developer, and a non-executive director of Cadogan Group Limited, which owns and manages the Cadogan Estate in Chelsea.
Francis Salway was a non-executive director of Next plc from 2010 to 2021, latterly as Senior Independent Director. From 2012, he was Chair of Town & Country Housing, a housing association, and, following its amalgamation with Peabody in 2019, also a non-executive director of Peabody until 2021.
Francis Salway said, “I am delighted to be joining Picton as Chair. The Company has an impressive long term property performance track record and I look forward to working with the Board and management team to build on this success”.
About Picton
Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of several EPRA indices including the FTSE EPRA Nareit Global Index.
Picton owns and actively manages a £721 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as of 30 September 2024).
Through an occupier-focused, opportunity-led approach, Picton aims to be one of the consistently best-performing diversified UK REITs and has delivered upper-quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.
With a portfolio strategically positioned to capture income and capital growth, currently weighted towards the industrial sector, Picton’s agile business model provides flexibility to adapt to evolving market trends over the long term.
Picton has a responsible approach to business and is committed to being net zero carbon by 2040.
For more: https://www.picton.co.uk/
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