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Appointment of Justin King to Investment Advisor

18 Mar 2019 07:00

RNS Number : 0935T
Supermarket Income REIT PLC
18 March 2019
 

SUPERMARKET INCOME REIT PLC

(the "Company")

LEI: 2138007FOINJKAM7L537

APPOINTMENT OF JUSTIN KING TO INVESTMENT ADVISOR

 

Supermarket Income REIT (LSE:SUPR), the UK supermarket real estate investor, announces that Atrato Capital ("Atrato"), the Investment Advisor to Supermarket Income REIT, has appointed Justin King as a senior advisor with effect from 18 March 2019.

 

Justin is recognised as one of the UK's most successful grocery sector leaders, having served as Chief Executive of J Sainsbury plc for 10 years until 2014. Prior to that, he was part of the leadership team at Marks & Spencer plc and previously held senior roles at Asda. He, therefore, brings a wealth of experience of the grocery sector and a deep understanding of grocery property strategy.

 

 

Ben Green, Principal at Atrato, commented: "We are delighted that Justin has agreed to join us. It will be enormously valuable to have his experience, wisdom and insight at Atrato".

 

Nick Hewson, Chairman of Supermarket Income REIT, added: "Justin's appointment complements a best-in-class supermarket property advisory team at Atrato. He will be a great addition to a strong team".

 

Commenting on his appointment, Justin King said: "I look forward to joining the Atrato team and playing my part in investing in supermarket property forming a key part of the future model of UK grocery".

 

Justin will continue to serve as Vice Chairman of Terra Firma Capital Partners and on the Public Interest Body of PwC and on the board of Marks & Spencer plc. He has previously served as a director of Staples and was a Board member of the London Organising Committee of the Olympic and Paralympic Games. He was also a member of the Prime Minister's Business Advisory Group.

 

 

 

For further information, please contact:

 

Atrato Capital Limited  +44 (0)20 3790 8087

Ben Green

Steve Windsor

Steve Noble

 

Stifel Nicolaus Europe Limited  +44 (0)20 7710 7600

Mark Young

Neil Winward

Tom Yeadon

Tavistock  +44 (0)20 7920 3150

Jeremy Carey

James Whitmore

 

NOTES TO EDITORS:

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

  

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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