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Urban Logistics REIT - Director appointment

RNS Number : 4141O
Urban Logistics REIT PLC
29 May 2020
 

Urban Logistics REIT plc

 

("Urban Logistics" or the "Company")

 

 

Director appointment

 

Urban Logistics (AIM: SHED), the specialist UK logistics REIT, is delighted to announce the appointment of Heather Hancock as an Independent Non-Executive Director of the Company, effective from 15 June.

 

Heather is currently Chairman of the Food Standards Agency and in October will step down from this role to become Master of St. John's College, Cambridge. After receiving a first-class degree in Land Economy at the University of Cambridge, she joined the Government Economic Service and held a series of senior national, regional and local government positions. Whilst Executive Director of Yorkshire Forward between 2000-2003, she led the disposal of the English Partnerships regional portfolio; the joint-venture site acquisition for the development of Sheffield's Advanced Manufacturing Park; and oversaw an urban acquisition strategy, building a £350m property portfolio.

 

In 2003, Heather became a Partner in Deloitte's Strategy Consulting business and was appointed a Managing Partner from 2008, until her retirement in 2014. She led the firm's extensive global services to the Olympic movement and was part of its global leadership team between 2011-2013. Heather's executive responsibilities in the firm included innovation, brand, communications, client service and talent. 

 

Heather is a Director of a family-owned property investment and development business, Amerdale Limited, and a non-executive Director of Rural Solutions Limited, which provides strategy, planning and design services for land-based businesses. She is also a Trustee of the Chatsworth Settlement Trust, responsible for an extensive commercial, residential and agricultural property portfolio and she provides consultancy advice on business strategy to private landowners across the UK.

 

Heather served as a trustee for the Prince's Trust for more than a decade, for which she was awarded the LVO in 2013. She is also a Deputy Lieutenant of North Yorkshire.

 

 

Nigel Rich, Chairman of Urban Logistics said:

"It's great to welcome someone of Heather's calibre to the board. Her expertise in strategy, governance and leadership will complement the Board's existing skills as the Company continues to grow."

 

The following information in relation to Heather Hancock is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies:

 

Full name: Heather Jane Hancock

 

Age: 54

 

Shares held: 0

 

Directorships held in the past 5 years:

 

Current

 

Amerdale Ltd

Devonshire Nominees No 2 Limited

Rural Solutions Limited

Past

 

Giggleswick School

Wavelength Companies Ltd

London Championships Ltd

London 2017 Ltd

Giggleswick Services Ltd

 

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.

 

- Ends -

 

 

For further information contact:

 

Urban Logistics REIT plc

Richard Moffitt

 

+44 (0)20 7591 1600

Montfort Communications

Olly Scott

 

 

+44 (0)78 1234 5205

 

N+1 Singer - Nominated Adviser and Broker

James Maxwell / James Moat (Corporate Finance)

Alan Geeves / James Waterlow / Sam Greatrex (Sales)

 

+44 (0)20 7496 3000

Panmure Gordon (UK) Limited - Joint Broker

Chloe Ponsonby (Corporate Broking)

Emma Earl (Corporate Finance)

 

+44 (0)20 7886 2500

 

About Urban Logistics REIT

 

Urban Logistics REIT plc is a property investment company, quoted on the AIM market of the London Stock Exchange, (AIM: SHED).

 

The Company has been established to invest in UK-based logistics properties with the objective of generating attractive dividends and capital returns for its shareholders. Its investment strategy focuses on strategically located smaller single let properties servicing high-quality tenants. Investment returns will be generated by an experienced management team focusing on quality stock selection and active asset management.

 

A number of structural and commercial factors currently support the attractive opportunity in the last mile/regional industrial and logistics real estate sub-sectors targeted by the Company, including: strong occupier demand, (driven by the growth of e-commerce and investment by retailers in their associated supply chain) and a decline in the supply of smaller sized lettable space in industrial and logistics real estate across the UK.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Urban Logistics Reit PLC

Price: 140

Market: LSE
Market Cap: £264.06 m
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