– UK, London – UK Commercial Property REIT Limited (LON: UKCM) today announced the appointment of Peter Pereira Gray as Chair of the Board of Directors, effective from 31 July 2023, succeeding Ken McCullagh, who stepped down from the Board.
Peter Pereira Gray, Chair-Elect of UKCM, said: “As one of the UK’s largest diversified REITs and with a high-quality portfolio, UKCM is a great business with huge potential. I look forward to working with the Board and with Abrdn to continue the good work undertaken to date as we continue towards our goal of delivering returns for shareholders.”
About UK Commercial Property REIT
UK Commercial Property REIT is a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange. It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in and managing a £1.32 billion (as of 31 March 2023) diversified portfolio. The portfolio has a strong bias towards prime, institutional quality properties and is diversified by location and sector across the UK.
Further information on the Company’s investment policies, the types of assets in which the Company may invest, the markets in which it invests, borrowing limits, as well as details of its management, administration, and depositary arrangements can be found in the Company’s Annual Report and Investor Disclosure Document.
Property is a relatively illiquid asset class, the valuation of which is a matter of opinion. There is no recognized market for property, and there can be delays in realizing the value of property assets. Investors should be aware that past performance is not a guide to future results. The value of investments, and the income from them, can go down as well as up, and an investor may get back less than the amount invested.
For more information: https://www.ukcpreit.com/en-gb
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