22 Jul 2020 16:00
RDI REIT P.L.C.
("RDI" or the "Company")
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
ISIN: IM00BH3JLY32
LEI: 2138006NHZUMMRYQ1745
CHANGES TO THE BOARD
Further to the announcement on 1 July 2020, advising that Starwood Capital Group ("Starwood") had acquired a 29.54 per cent shareholding in the Company, RDI is pleased to announce the appointment of Matthew Parrott as a director of the Company, and Krysto Nikolic as his alternate, with immediate effect.
Matthew is a Senior Vice President at Starwood, where he is responsible for the firm's real estate investments in the UK & Ireland. Prior to joining Starwood in 2018, he was a Principal at CBRE Global Investment Partners.
Krysto is a Managing Director at Starwood and Head of European Real Estate. Previously, Mr. Nikolic was a Partner at TPG Real Estate and has served on the boards of multiple real estate companies across several asset classes and geographies.
Matthew Parrott will also be joining the reconstituted Investment Committee alongside Gavin Tipper (Chair), Mike Watters and Stephen Oakenfull.
Mike Watters, the CEO of RDI, commented: "We are delighted that Matt has joined the Board at this particular juncture as we continue to make good progress on the delivery of our strategic objectives. I believe that Matt's depth of experience will complement RDI's efforts to further reposition the portfolio and strengthen the balance sheet."
No further details are required to be disclosed under the Listing Rule 9.6.13.
For further information:
RDI REIT P.L.C. | |
Mike Watters, Stephen Oakenfull | Tel: +44 (0) 20 7811 0100 |
FTI Consulting | |
UK Public Relations Adviser | |
Dido Laurimore, Claire Turvey, Ellie Sweeney rdireit@fticonsulting.com | Tel: +44 (0) 20 3727 1000 |
Instinctif Partners | |
SA Public Relations Adviser | |
Frederic Cornet RDI@instinctif.com | Tel: +27 (0) 11 447 3030 |
JSE Sponsor | |
Java Capital | Tel: + 27 (0) 11 722 3050 |
Note to editors:
About RDI
RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The investment approach is driven by an in depth understanding of occupational demand including the impact of technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to increase its weighting to London and the South East and to provide greater exposure to our leading hotel and serviced office operating platforms.
RDI is committed to delivering attractive income led total returns across the real estate cycle. The current strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted at delivering an industry leading and sustainable income return.
RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All Property and JSE Tradeable Property indices.
For more information on RDI, please refer to the Company's website www.rdireit.com