Senior Management Appointments

RNS Number : 4725R

SEGRO PLC

04 November 2011

 



4th November 2011

SEGRO appoints Chief Operating Officer and Chief Investment Officer

SEGRO, Europe's leading industrial REIT, announces the appointments of Andy Gulliford and Phil Redding to the new roles of Chief Operating Officer and Chief Investment Officer, respectively, reporting to Chief Executive, David Sleath.

As Chief Operating Officer, Andy Gulliford will be responsible for the Group's operational property teams both in the UK and Continental Europe.  The prime purpose of this role is to oversee the maximisation of total property returns from the portfolio and Andy will have responsibility for all leasing, customer and asset management activities and development.  Andy has been at SEGRO for seven years and for the past 18 months, he has been Managing Director of SEGRO's business in Continental Europe.

As Chief Investment Officer, Phil Redding will be responsible for determining the Group's investment strategy and its implementation.  This will involve overseeing capital allocation across the business and will include managing acquisitions and disposals.  All of SEGRO's local investment professionals will report to Phil to ensure a consistent and coherent approach is taken across the Group.  Phil has been with SEGRO for 16 years and is currently Business Unit Director for London Markets.

Following these changes, SEGRO's Executive Committee will comprise:

David Sleath                Chief Executive

Justin Read                 Group Finance Director

Andy Gulliford              Chief Operating Officer

Phil Redding                Chief Investment Officer

Liz Reilly                      Director of Human Resources

Following these changes, SEGRO has decided to re-organise its three UK business units into two. The two business units will be known as Thames Valley and the Regions, led by Gareth Osborn, and Greater London, led by David Bridges.  The current National Markets Business Unit will be absorbed into these two business units.

Commenting on these appointments, David Sleath said,

"Andy and Phil are two very talented and experienced property operators, who know the business well.  They will play vital roles as we focus on delivering operational excellence and disciplined capital allocation.

During his time in charge of our Continental European business, Andy has made considerable improvements to our operations there and I am delighted he will now broaden this focus to include the UK business.

Phil has played a vital role in two of the major transactions which have helped shape our existing portfolio - our takeover of Brixton in 2009, and the acquisition of our share of the Airport Property Partnership in 2010.  He is well connected in the real estate investment community and will bring a structured and disciplined approach to the Group's allocation of capital."

For further information please contact:

SEGRO	[phone]	Alex Shorland-Ball
Tulchan Communications	[phone]	John Sunnucks/ David Shriver

Notes to Editors

Biographical details:

Andy Gulliford

Andy Gulliford BSc (Hons), MRICS has been at SEGRO for seven years. Most recently, he has held the position of Managing Director, Continental Europe, responsible for managing SEGRO's €2 billion portfolio.  He joined SEGRO in 2004 as Director of Corporate Acquisitions, a role in which he was responsible for major transactions in the UK.  Andy went on to become Business Development Director, where he was responsible for identifying opportunities for SEGRO in new markets and developing new customer relationships.  

Prior to joining SEGRO, Andy spent 19 years at Jones Lang LaSalle, where he was European Director for the Company's industrial and logistics business.

Phil Redding

Phil Redding BSc (Hons), MBA, MRICS joined SEGRO in 1995.  He has held a variety of positions at SEGRO including Head of New Business and Head of Leasing & Marketing.  Since 2007, Phil has been responsible for SEGRO's London portfolio, managing over £2 billion of property assets, the majority of which are concentrated in the Heathrow and Park Royal markets.

Phil started his career in 1990 in the Industrial Agency team of King Sturge, where he held a variety of positions.

About SEGRO: 

SEGRO is Europe's leading developer and owner of industrial space. The Group is a Real Estate Investment Trust (REIT) and is listed on the London Stock Exchange. SEGRO's portfolio comprises £5.4 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorway intersections. The Group serves over 1,600 customers spread across many geographies and different industry sectors. It has 5.5 million sq m of built space and a passing rent roll of £340 million (as at 30 June 2011).  For further information see www.SEGRO.com

 

END

 

 

NRAEASFDELXFFFF