Appointment of Executive Director (3417W)
30 Gennaio 2012 - 8:01AM
UK Regulatory
TIDMNRR
RNS Number : 3417W
NewRiver Retail Limited
30 January 2012
NewRiver Retail Limited
("NewRiver" or "the Company")
Appointment of Executive Director
NewRiver Retail Limited (AIM and CISX: NRR), the UK REIT
specialising in value-creating retail property investment and asset
management, is pleased to announce the appointment of Charles
Miller, 48, as an Executive Director with effect from 1 April
2012.
Mr Miller will join the Board as Development Director and will
help to drive forward the Company's asset management and risk
controlled development activities. Mr Miller, a qualified chartered
surveyor, has over 25 years of retail property experience and joins
the Company from Jones Lang LaSalle, the global real estate
consultancy, where he was Director and Head of Development of the
retail property team. He is an acknowledged expert in city and town
centre regeneration schemes with retail development at their core,
both in the UK and internationally. Mr Miller currently sits on the
advisory board of the British Council of Shopping Centres and
chairs the Urban Regeneration Committee.
He has previously provided development consultancy and leasing
advice to NewRiver on a number of projects including the Martlets
shopping centre in Burgess Hill.
Prior to Jones Lang LaSalle, Mr Miller spent 17 years at
property consultant King Sturge, where he became Head of Retail and
an equity partner. He began his career at chartered surveyors,
Herring Baker Harris where he worked for 10 years progressing to
retail director before moving to King Sturge. During his career Mr
Miller has advised and acted for a wide range of local authorities,
development and property companies, retailer and institutions,
advising on procurement, development and leasing strategies.
David Lockhart, Chief Executive Officer, said:
"I am delighted to welcome Charles to NewRiver's Executive team
and he brings with him a wide range of skills and experience that
are directly relevant to the Company's value creating business
model. Having already worked with Charles during his time at both
King Sturge and Jones Lang LaSalle, with whom we have an important
professional relationship, he has clearly demonstrated that he is
an expert in the field of retail regeneration and development.
Charles' appointment demonstrates NewRiver's commitment to its
active strategy for expansion both in terms of its retail portfolio
and corporate structure and we look forward to working with
him."
There is no other information that is required to be disclosed
under schedule 2(g) of the AIM rules for Companies.
-Ends-
For further information
NewRiver Retail Limited Tel: 020 3328 5808
David Lockhart, Chief Executive
Pelham Bell Pottinger Tel: 020 7861 3232
David Rydell/Rosanne Perry
Cenkos Securities Tel: 0207 397 8900
Ian Soanes/Max Hartley
About NewRiver
NewRiver Retail Limited is a REIT status specialist real estate
investor and asset manager focusing solely on the UK retailing
sector with a particular focus on food and value retailing. The
management team, led by David Lockhart, have more than 75 years'
combined experience in UK commercial property markets. With assets
under management at circa GBP250 million the Company's activities
include active and entrepreneurial asset management and risk
controlled development, utilising both its own balance sheet and
co-investment joint venture structures. It is NewRiver's intention
to become one of the leading sector-focused value-creating property
investment businesses operating in the UK retail sector. The
Company was founded in 2009 and its shares were admitted to
London's AIM and Channel Islands Stock Exchange (CISX) in September
of the same year. For more information on NewRiver, please visit
www.nrr.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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