(Alliance News) - UK Commercial Property REIT Ltd on Monday said it has hired Peter Pereira Gray as chair-elect, effective immediately.
The London-based commercial property investor said Gray will replace Chair Ken McCullagh, who will be stepping down at the end of the year.
Gray is chair of Urban&Civic PLC and of Premier Marinas Holdings Ltd.
McCullagh said: "Peter is very well-placed to chair the company through the next stage of its evolution and growth."
Shares were up 0.6% at 51.70 pence in London on Monday morning.
By Sabrina Penty; Alliance News reporter
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