– UK, Haywards Heath – Tritax Big Box REIT plc (LSE: BBOX) today announced the appointment of Richard Laing as a Non-Executive Director of the Company with immediate effect. Richard will join the Management Engagement and Nomination Committees and is also taking over from Jim Prower as chairman of the Audit Committee with immediate effect. Jim will remain a member of the Audit Committee.
Richard was CEO of CDC Group plc, a private equity and infrastructure investor, from 2004 to 2012, having joined the organisation in 2000 as Finance Director. Prior to this, Richard spent 15 years at De La Rue from 1984 where he held a number of senior positions, in the UK and internationally, latterly as the Group Finance Director (main board position). Previously, he was at Booker Agriculture International Ltd (then a division of Booker Group), as well as at PricewaterhouseCoopers and Marks and Spencer Group Plc.
Richard is currently non-executive Chairman of 3i Infrastructure plc, Perpetual Income and Growth Investment Trust plc and Miro Forestry. He is also non-executive director of JP Morgan Emerging Markets Investment Trust plc, Leeds Castle and Plan International UK, the international children’s charity. He is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).
Richard Jewson, Chairman of Tritax Big Box REIT plc, said: “I am delighted to welcome Richard to the Board as a Non-Executive Director. He brings with him valuable experience in the listed investment companies sector as well as additional financial expertise, which will further strengthen the Board. We very much looking forward to working with him.”
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and pre-let forward funded developments, the Company focuses on well-located, modern “Big Box” logistics assets, typically greater than 500,000 sq. ft. (measured by floor area, c. 65% of the Company’s existing logistics facilities including forward funded developments are in excess of 500,000 sq ft.), let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes.
The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies, is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
For more information : http://www.tritaxbigbox.co.uk
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