9 November 2017
Asset Manager announces major hire for Regional REIT mandate
London & Scottish Investments (LSI) today announce the appointment of Simon Marriott to the position of Investment Director. Simon will join the main LSI board and work closely with Chief Executive Stephen Inglis on Regional REIT.
Simon joins LSI with over 30 years' experience in the property industry, most recently at Cromwell Property Group (formerly Valad) where he was of Head of Investments and UK Real Estate. In that role he was responsible for approximately £1 billion of investment, development and bank workout mandates across the UK, as well as investment across Cromwell's European platform.
Prior to Cromwell, Simon held a number of senior roles including Director Real Estate transactions at PwC, Senior Vice President Managing Director Investments at Oxford Properties and Head of Separate Accounts at Invista REIM, managing funds with an AUM of over £2.5 billion.
LSI is the asset and property manager for Regional REIT, the UK regional office and industrial focused REIT. As a result of an active two years since listing in November 2015, including several large portfolio acquisitions, Regional REIT's portfolio has grown significantly to be in excess of £640m in value.
Stephen Inglis, Chief Executive of LSI and Director of Regional REIT said:
"I am absolutely delighted to announce Simon's appointment. He is very well respected and experienced property professional who will be a fantastic addition to the LSI team, particularly as Regional REIT continues to grow. I look forward to working with him to further enhance Regional REIT, which will remain opportunistic and focused on high dividend and total returns for shareholders."
Simon Marriott added: "I have known the LSI team for a long time have been impressed by the, strategy behind Regional REIT, and the execution of that strategy to date. Having followed Regional REIT since its listing in 2015 it has quickly become, in my opinion, the best high dividend return offer in the UK commercial real estate sector, run by a fabulous team that I am delighted to be joining."
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Enquiries:
Headland
Francesca Tuckett / Bryony Sym / Jack Gault / - 0203 805 4822
About Regional REIT
Regional REIT Limited (LSE: RGL) ("Regional REIT", the "Group" or the "Company") is a London Stock Exchange Main Market traded specialist real estate investment trust focused on office and industrial property interests in the principal regional locations of the United Kingdom outside of the M25 motorway.
Regional REIT is managed by London & Scottish Investments, the Asset Manager, and Toscafund Asset Management, the Investment Manager, and was formed by the combination of two existing funds previously created by the Managers as a differentiated play on the expected recovery in UK regional property, to deliver an attractive total return to Shareholders and with a strong focus on income.
The Group's investment portfolio, as at 30 June 2017, was spread across 150 regional properties, 1,093 units and 823 tenants. As at 30 June 2017, the investment portfolio had a value of £640.4m and a net initial yield of 6.7%. The weighted average unexpired lease term to first break was 3.5 years.
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.
London & Scottish Property is a wholly-owned subsidiary of London & Scottish Investments Limited, the Asset Manager to Regional REIT Limited, providing property and asset management services.
