RLE.GB Real Estate Investors Plc

TIDMRLE

RNS Number : 2279A

Real Estate Investors PLC

28 May 2021

28 May 2021

Real Estate Investors Plc

("Real Estate Investors" or "the Company")

Appointment of Non-executive Director

Real Estate Investors Plc (AIM: RLE), the UK's only Midlands-focused Real Estate Investment Trust (REIT) with a portfolio of 1.59 million sq ft of investment property across all sectors, is pleased to announce the appointment of Ian Stringer to the board as an independent non-executive director with effect from 28 May 2021.

Ian is a chartered surveyor who has nearly 40 years' experience in the property sector, and is highly respected across the Midlands property market, with a first-class reputation for consultancy and agency skills.

Ian's career started in 1983 at Grimley and Son and he has stayed with the business in its various incarnations throughout his entire career, during which, he acted as Regional Managing Director for the Midlands office for over a decade whilst also heading up the UK Offices Team and UK Markets Division. During a total of 22 years on the company's board, Ian was elected by the partners as Non-Executive Chairman and served in this capacity from 2005-2008 until GVA was incorporated. Ian currently serves as Principal of Avison Young, following its acquisition of Bilfinger GVA in 2018 and spends much of his time in a client advisory capacity as Asset and Property Manager to The Schools of King Edward VI in Birmingham, a 400-year-old foundation.

Paul Bassi, Chief Executive of Real Estate Investors Plc, commented: "I am delighted that Ian has agreed to join the Company as a non-executive director. The Board is very much looking forward to working with Ian, who is one of the most respected figures in the Midlands property market and will benefit from his lengthy experience in the property sector and in particular the Midlands region."

Additional information:

The directorships and partnerships currently held by Ian Stringer and over the five years preceding the date of appointment are as follows:

Mr Ian Matthew Stringer , aged 63

 
Current directorships/partnerships    Previous directorships/partnerships 
Bromsgrove School                     Avison Young (UK) Limited 
 String of Bars Ltd 
 
 

Ian Stringer does not hold any ordinary shares in the Company and there are no further disclosures to be made pursuant to Schedule 2 paragraph (g) of the AIM Rules.

 
 
 Enquiries: 
   Real Estate Investors Plc 
   Paul Bassi/Marcus Daly         +44 (0)121 212 3446 
 
   Cenkos Securities 
   Katy Birkin/Ben Jeynes         +44 (0)20 7397 8900 
 
   Liberum 
   Jamie Richards/William Hall    +44 (0)20 3100 2000 
 
   Allenby Capital 
   Nick Naylor                    +44 (0)20 3328 5656 
 
   Novella Communications 
   Tim Robertson/Fergus Young     +44 (0)20 3151 7008 
 
 
  About Real Estate Investors Plc 
 
  Real Estate Investors Plc is a publicly quoted, internally 
  managed property investment company and REIT with a portfolio 
  of 1.59 million sq ft of mixed-use commercial property, managed 
  by a highly-experienced property team with over 100 years 
  of combined experience of operating in the Midlands property 
  market across all sectors. The Company's strategy is to invest 
  in well located, real estate assets in the established and 
  proven markets across the Midlands, with income and capital 
  growth potential, realisable through active portfolio management, 
  refurbishment, change of use and lettings. The portfolio 
  has no material reliance on a single asset or occupier. On 
  1st January 2015, the Company converted to a REIT. Real Estate 
  Investment Trusts are listed property investment companies 
  or groups not liable to corporation tax on their rental income 
  or capital gains from their qualifying activities. The Company 
  aims to deliver capital growth and income enhancement from 
  its assets, supporting its progressive dividend policy. Further 
  information on the Company can be found at www.reiplc.com 
  . 
 
 

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END

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May 28, 2021 07:18 ET (11:18 GMT)

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