Irish Residential Properties REIT PLC - Dublin-based real estate investment trust - Hires Hugh Scott-Barrett as chair designate, effective from February 23. He will replace Declan Moylan, who will leave the board at I-Res's annual general meeting on May 2. Scott-Barrett, who joined the board as an independent director in September 2022, is currently a non-executive director and senior independent director of Balanced Commercial Property Trust Ltd, a FTSE 250 REIT. He was chief executive of Capital & Regional PLC from 2008 to 2017, then served as non-executive chair until May 2020. I-Res says that as chair designate, Scott-Barrett will oversee the strategic review announced on Monday.
Senior Independent Director Joan Garahy says: " Hugh will provide the right mix of board, real estate and business skills and experience and has a deep understanding of our commitment to serve all our shareholders."
Current stock price: EUR1.09, down 1.3% on Thursday
12-month change: down 0.2%
By Emma Curzon, Alliance News reporter
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Balanced Commercial Property Trust (BCPT)
Capital & Regional (CAL)