Last checked at 12 Jun 2017 07:00
12 June 2017
Capital & Regional plc
("Capital & Regional" or the "Company" or "Group")
BOARD CHANGES
LAWRENCE HUTCHINGS COMMENCES TENURE AS
CHIEF EXECUTIVE
Further to the announcement on 8 February 2017, Capital & Regional, the UK focused specialist retail property REIT, announces that Lawrence Hutchings has today started as Chief Executive at Capital & Regional, and will officially join the Company's Board tomorrow. Lawrence replaces Hugh Scott-Barrett, who becomes Non-Executive Chairman following the retirement of John Clare.
Lawrence Hutchings, Chief Executive, commented: "I am looking forward to getting going in my new role and to gaining a deeper understanding of the business together with the many opportunities I believe the portfolio holds, to deliver further value for shareholders."
Hugh Scott-Barrett, Non-Executive Chairman, added: "I have every confidence in handing the reins over to Lawrence at this stage in the Company's growth. His skillset and expertise in the retail property sector will be invaluable to its future development."
ENDS
Notes to editors
Lawrence Hutchings has most recently been Managing Director of Asset Management responsible for Blackstone's Australian portfolio and Asia Retail portfolio. Prior to joining Blackstone in 2013, Lawrence was at Hammerson PLC from 2008-2012. As Managing Director, UK Retail he was responsible for all aspects of Hammerson's multi-billion pound portfolio, overseeing a number of major acquisitions and development projects in the shopping centre sector. Prior to joining Hammerson Lawrence spent almost seven years at Henderson Global Investors where he played a significant role in the delivery of key retail development joint ventures as Director (Property) European Retail.
For further information:
Capital & Regional plc 020 7932 8000
Lawrence Hutchings
Charles Staveley
FTI Consulting 020 3727 1000
Richard Sunderland
Claire Turvey
capreg@fticonsulting.com
About Capital & Regional plc
Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its c. £1 billion portfolio of in-town, dominant community shopping centres.
Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital & Regional manages these assets through its in-house expert property and asset management platform.
For further information see www.capreg.com.