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 String of Bars Ltd |
| Avison Young (UK) Limited |
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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.
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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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