– UK, Haywards Heath – Tritax Big Box REIT plc (LON:BBOX) announces that having served as a Non-Executive Director of the Company since the IPO in December 2013, Mark Shaw is to retire from the Board with effect from 1 February 2019. Mark will remain as Chairman and Partner of the Tritax Group, the Company’s Manager.
The Board today also announced the appointment of Alastair Hughes as a Non-Executive Director. Alastair will take up the post on 1 February 2019 and will join the Audit, Nomination and Management Engagement Committees.
Sir Richard Jewson KCVO JP, Chairman of Tritax Big Box REIT plc, commented: “On behalf of the Board, I would like to thank Mark for his significant and valuable contribution to the creation and subsequent development of the Company over the last five years, during which time he has helped oversee its successful growth and continuing progress. The entire Board remains grateful for his expertise and guidance during this time.
I am delighted to welcome Alastair to the Board as a Non-Executive Director. He brings with him invaluable experience and in-depth knowledge of the UK and international real estate markets, which will further strengthen the Board. We very much looking forward to working with him.”
About Alastair Hughes
Alastair is a Chartered Surveyor and has over 25 years of experience in the UK and international real estate markets. He is a former director and Global Executive Board member of Jones Lang LaSalle Inc., having previously served as managing director of JLL in the UK, before becoming CEO for Europe, Middle East and Africa and then most recently CEO for the Asia Pacific region. He retired from JLL at the end of 2016.
Alastair is currently a non-executive director of The British Land Company PLC and of Schroder Real Estate Investment Trust Ltd.
About Tritax Big Box REIT
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (“Big Boxes”) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern “Big Box” logistics assets, typically greater than 500,000 sq ft, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (“REIT”), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
For more information : https://www.tritaxbigbox.co.uk
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