Business
Major hire at LSI for Regional REIT mandate
Major hire at LSI for Regional REIT mandate.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \nRNS Number : 9767V Regional REIT Limited 09 November 2017 \n\n \n \n \n9 November 2017\n \nAsset Manager announces major hire for Regional REIT mandate\n \nLondon & 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.\nSimon 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. \nPrior 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. \nLSI 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.\nStephen Inglis, Chief Executive of LSI and Director of Regional REIT said:\n \"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.\"\nSimon 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.\"\n- ENDS -\nEnquiries: \nHeadland \nFrancesca Tuckett / Bryony Sym / Jack Gault / - 0203 805 4822\nAbou...