21 Apr 2016 12:00
21 April 2016
Urban&Civic plc
Board change
Further to the statement on 24 March 2016, Urban&Civic plc announces that Robert Adair, Deputy Chairman has brought forward the date of his resignation and stepped down from the Board on 20 April 2016.
-Ends-
For further information, please contact:
FTI Consulting 020 3727 1000
Giles Barrie
Ellie Sweeney
Dido Laurimore
About Urban&Civic plc
Urban&Civic plc is a property development and investment company listed on the London Stock Exchange's main market (UANC), with a market capitalisation approaching £400m. The Group was formed through the reverse takeover of AIM‐listed commercial property developer Terrace Hill by unlisted strategic residential land company Urban&Civic in May 2014. The takeover was undertaken in parallel with a capital raise of £170m, creating a management team and board with an outstanding track record and the ambition to grow a new "Best in Class" UK real estate business.
Urban&Civic is led by Nigel Hugill and Robin Butler, who co‐founded the business in 2009 having previously led major London regeneration projects such as the White City shopping centre, Stratford City, Paddington Basin and Elephant and Castle.
Urban&Civic have a dual focus of large scale strategic sites and bespoke commercial projects.
Commercial development and investment assets are focused on bespoke, predominantly mixed use schemes in dynamic cities and towns as well as key growth locations. These include the proposed redevelopment of Princess Street, Manchester, the Renaissance Hotel at Deansgate, Manchester and a hotel development directly connected to Stansted airport.
From a strategic land perspective, Urban&Civic are taking forward over 3,000 acres of land across four sites located close to Cambridge, Huntingdon, Newark and Rugby delivering more than 20,000 new homes.