– UK, London – Real Estate Investors Plc (AIM; RLE) the West Midlands based property group, is pleased to announce the appointment of Peter London to the board as a non-executive director with effect from 1 October 2014.
Peter has over 40 years’ experience in the financial services sector and specialises in tax efficient investment planning. He is a director or chairman of a number of Enterprise Investment Scheme and SEED Enterprise Investment Scheme companies, several of which are property related.
Peter’s career started in 1968 at Commercial Union Assurance and in 1971 he established his own company, Clark London Limited, an independent financial services company. In 1986 Clark London merged with L Stanley & Partners and became Ashby London Financial Services Limited which was acquired by EFG Private Bank Limited in 2007. Peter is currently the chairman of EFG Independent Financial Advisers Limited, a wholly owned subsidiary of EFG Private Bank Limited.
Paul Bassi, Chief Executive of Real Estate Investors Plc, commented: “I am very pleased that Peter has agreed to join the Company as a non-executive director. Peter has a wealth of experience in property, taxation and financial services sectors and brings with him valuable expertise to the Company. The Board is very much looking forward to working with Peter and benefiting from his experience and contribution.”
About Real Estate Investors
Real Estate Investors is an AIM listed property investment company with a £75.2million (as at 31 Dec 2013) commercial and residential portfolio principally in the West Midlands and central England.
Real Estate Investors is focused on delivering shareholder value through returns generated from strong yields and capital enhancements. This is achieved by targeting investments in orphaned, distressed, part-let and underperforming commercial and residential property assets
Real Estate Investors is led by respected property investor Paul Bassi CBE, who has over 30 years of property experience in the West Midlands. Mr Bassi is also founder and non-executive chairman of Bond Wolfe and non-executive chairman of CP Bigwood Chartered Surveyors. Real Estate Investors was admitted to trading on AIM in June 2004.
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