Appointment of independent Non executive Director

RNS Number : 6566J

Empiric Student Property PLC

21 December 2015

 

21 December 2015

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

Empiric appoints Stuart Beevor as an independent Non-executive Director

The Board of Empiric Student Property plc (ticker: ESP) is pleased to announce the appointment of Stuart Beevor as an independent non-executive director with effect from 1 January 2016.

Stuart is a Chartered Surveyor with 35 years of real estate experience, including student accommodation, having been a non-executive director on the board of The Unite Group Plc for nine years from 2004.

Stuart is currently a non-executive director of ICG-Longbow Senior Secured UK Property Debt Investments Limited, the Senior Independent Director of Metropolitan Housing Trust, Chairman of the Investment Advisory Board for the Diversified Property Fund for Charities, a member of two segregated pension fund investment committees managed by DTZ Investors, a member of the Greenwich Hospital Advisory Board, and a trustee of the Investment Property Forum Educational Trust.

Previously, Stuart was Managing Director of Grosvenor Fund Management, an international real estate fund management business. Prior to that he was Managing Director at Legal and General Property Limited, having started his career at Norwich Union (now Aviva).

Baroness Dean, Chairman of Empiric Student Property plc, commented:

"We are very pleased to welcome Stuart to the Board of Empiric.  He brings with him a wealth of experience in the property sector, generally, but in particular within the private purpose built student accommodation sector.  We look forward to working with Stuart and benefitting from his industry knowledge."

Details of all directorships of publicly quoted companies held by Stuart Beevor over the past five years is set out below:

Current:	Past:
ICG-Longbow Senior Secured UK Property Debt Investments Limited (Guernsey)	The Unite Group plc (UK)

There is no further information to be disclosed pursuant to LR9.6.13R.

For further information on the Company, please contact:

Empiric Student Property plc	(via Newgate below)
Paul Hadaway (Chief Executive)
Tim Attlee (Chief Investment Officer)
Michael Enright (Chief Financial Officer)
Akur Limited (Joint Financial Adviser)	Tel: [phone]
Tom Frost
Anthony Richardson
Siobhan Sergeant
Jefferies International Limited (Joint Financial Adviser and Broker)	Tel: [phone]
Gary Gould
Stuart Klein
Newgate (PR Adviser)	Tel: [phone]
James Benjamin	Em: [e-mail]
Alex Shilov
Lydia Thompson

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

Notes:

Empiric Student Property plc (incorporated in England & Wales) is an internally managed real estate investment trust ("REIT") investing in modern, direct-let, premium, student accommodation, both standing and development assets, with a focus on quality and with assets generally in prime central locations in top university cities and towns in the UK. The Company listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.

 

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