– GUERNSEY, Saint Sampson – Regional REIT Limited (LON: RGL) announced the appointment of David Hunter to its Board as an Independent Non-Executive Director and Chair-designate effective from 2 January 2025, to succeed Kevin McGrath as Board Chair on 18 March 2025.
“The Board is delighted that David is joining the Board of Regional REIT. David’s impressive career in fund management and extensive listed commercial real estate experience will be of great benefit to the Company at this important stage of its life and in the future.” said Senior Independent Director, Massy Larizadeh.
He will also join the Audit, Nominations, and Management Engagement & Remuneration Committees.
About David Hunter
David Hunter is a highly experienced Non-Executive Director and Chair of listed REITs as well as a strategic adviser to real estate private equity businesses. He has a background in property fund management, latterly as Managing Director of Aberdeen Asset Management’s £6.5bn real estate business, but since 2005 he has taken a wide range of non-executive positions in UK and international businesses. David Hunter was previously Chairman of Capital & Regional plc, Dar Global PLC, Custodian Property Income plc, and GCP Student Living plc among other roles.
David Hunter said: “I’m delighted to be selected by Regional REIT as the Independent Non-Executive Chair. Regional REIT is at a key inflection point having recently completed a successful significant capital raise. This has placed the Company on a much firmer financial footing and we can now focus on enhancing shareholder value through further active portfolio management activities, maximising occupancy and capitalising on the developing trend of workers returning to the office.”
About Regional REIT
Regional REIT Limited and its subsidiaries is a United Kingdom-based real estate investment trust that launched in November 2015. It is managed by ESR Europe LSPIM Limited, the Asset Manager, and ESR Europe Private Markets Limited, the Investment Adviser.
Regional REIT’s commercial property portfolio is comprised wholly of income-producing UK assets and comprises, predominantly offices located in the regional centers outside of the M25 motorway. The portfolio is geographically diversified, with 131 properties, 1,303 units, and 808 tenants as of 30 September 2024, with a valuation of c.£648.8m.
Regional REIT pursues its investment objective by investing in, actively managing, and disposing of regional Core and Core Plus Property assets. It aims to deliver an attractive total return to its Shareholders, targeting greater than 10% per annum, with a strong focus on income supported by additional capital growth prospects.
For more: https://www.regionalreit.com/
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