Last checked at 30 Dec 2013 10:05
30 December 2013
Capital & Regional plc
("Capital & Regional" or the "Company")
Resignation of Xavier Pullen
Capital & Regional confirms that as announced on 14 August 2013 Xavier Pullen has resigned from the Board effective today.
As previously noted Xavier will continue to maintain close links with the Company, taking up the role of senior adviser supporting the execution of the strategy for Germany.
Hugh Scott-Barrett, Chief Executive commented:
"I would like to thank Xavier for his huge contribution to the Company over many years and look forward to him continuing to play a valuable role going forward."
Xavier Pullen commented:
"I am immensely proud of, and have very much enjoyed, my many years at Capital and Regional. I look forward to maintaining contact and continuing to make a meaningful contribution to our German assets going forward"
ENDS
For further information:
Capital & Regional: | |
Hugh Scott-Barrett, Chief Executive | Tel: 020 7932 8121 |
Charles Staveley, Group Finance Director | Tel: 020 7932 8000 |
FTI Consulting: | |
Stephanie Highett Richard Sunderland Will Henderson Aleka Bhutiani | Tel: 020 7831 3113 |
Notes to editors:
About Capital & Regional plc
Capital & Regional is a specialist property company with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a £1.2 billion portfolio, primarily in town centre shopping centres.
Capital & Regional founded The Mall in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and currently holds 29.26% of this fund.
Capital & Regional & Ares Management (formerly known as AREA Property Partners) each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.
Capital & Regional has a number of other joint ventures and wholly-owned properties.
For further information, please see www.capreg.com.