Appointment of Non-Executive Director

RNS Number : 8001M

Regional REIT Limited

25 May 2022

 

25 May 2022

Regional REIT Limited

("Regional REIT" or the "Company")

Appointment of Non-Executive Director

The Board of Regional REIT (LSE: RGL), the regional office specialist, is pleased to announce the appointment of Ms. Massy Larizadeh as Non-Executive Director of the Company and a member of the Audit Committee, Nomination Committee and Management Engagement and Remuneration Committee with effect from 1 June 2022. Massy has a particular interest in environmental, social, and governance (ESG) issues and as such will be taking a lead role in the Company's ESG matters and will become the Chair of the ESG Working Party which also includes members of the Asset and Investment Manager.  

Massy has over 30 years of experience across the financial services sector and, more recently, has spent the last seventeen years in the commercial real estate sector. In the property sector she has held senior executive roles with blue-chip companies, such as GE Real Estate, Cushman & Wakefield Investors and Deloitte Real Estate. Massy is a Non-Executive Director of Orbit Group and London & Partners, and serves as a Director of New Horizons Advisory Ltd. She is also a member of the Board of Trustees of UPProjects. 

Kevin McGrath, Chairman of the Company , commented:

"I am delighted that Massy has agreed to join the Board of Regional REIT Limited. Massy's impressive career in the financial services and commercial real estate sector will be of great benefit to us. She will receive a warm welcome and we look forward to working with her."  

No further information is required to be disclosed pursuant to LR 9.6.13 in respect of Massy Larizadeh.

Ends

Enquiries:

Regional REIT Limited
Toscafund Asset Management	Tel: [phone]
Investment Manager to the Group
Adam Dickinson, Investor Relations, Regional REIT Limited
London & Scottish Property Investment Management	Tel: [phone]
Asset Manager to the Group
Stephen Inglis
Buchanan Communications	Tel: [phone]
Financial PR	[e-mail]
Charles Ryland / Henry Wilson / George Beale

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager.

Regional REIT's commercial property portfolio is comprised wholly of income producing UK assets and comprises, predominantly of offices located in the regional centres outside of the M25 motorway. The portfolio is geographically diversified, with 168 properties, 1,077 occupiers as at 31 December 2021, with a valuation of c.£906.1m.

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.

The Company's shares were admitted to the Official List of the UK's Financial Conduct Authority and to trading on the London Stock Exchange on 6 November 2015. For more information, please visit the Group's website at www.regionalreit.com .

Cautionary Statement

This document has been prepared solely to provide additional information to Shareholders to assess the Group's performance in relation to its operations and growth potential. The document should not be relied upon by any other party or for any other reason. Any forward looking statements made in this document are done so by the Directors in good faith based on the information available to them up to the time of their approval of this document. However, such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

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