RDI REIT appoints Matthew Parrott to its Board of Directors

– UK, London –  RDI REIT PLC (LON: RDI | JSE: RPL) today announced the appointment of Matthew Parrott to its Board of Directors with Krysto Nikolic as his alternate, effective immediately.

These appointments follow the announcement on 1 July 2020 that Starwood Capital Group had acquired a 29.54 per cent shareholding in the Company.

“We are delighted that Matt has joined the Board at this particular juncture as we continue to make good progress on the delivery of our strategic objectives. I believe that Matt’s depth of experience will complement RDI’s efforts to further reposition the portfolio and strengthen the balance sheet.” said CEO, Mike Watters.

Matthew is a Senior Vice President at Starwood, where he is responsible for the firm’s real estate investments in the UK & Ireland. Prior to joining Starwood in 2018, he was a Principal at CBRE Global Investment Partners.

Krysto is a Managing Director at Starwood and Head of European Real Estate. Previously, Mr. Nikolic was a Partner at TPG Real Estate and has served on the boards of multiple real estate companies across several asset classes and geographies.

Matthew Parrott will also be joining the reconstituted Investment Committee alongside Gavin Tipper (Chair), Mike Watters and Stephen Oakenfull.

About RDI

RDI is an income-focused UK-REIT with a diversified portfolio invested principally in the UK. The investment approach is driven by an in-depth understanding of occupational demand including the impact of technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to increase its weighting to London and the South East and to provide greater exposure to our leading hotel and serviced office operating platforms.

RDI is committed to delivering attractive income-led total returns across the real estate cycle. The current strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted at delivering an industry-leading and sustainable income return.

RDI is a UK Real Estate Investment Trust and holds a primary listing on the London Stock Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All Property and JSE Tradeable Property indices.

For more information: https://www.rdireit.com

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