Directorate Change

RNS Number : 3101K

Capital & Regional plc

13 July 2011

 

13 July  2011

CAPITAL & REGIONAL PLC

NON EXECUTIVE DIRECTOR APPOINTMENT

Capital & Regional plc is pleased to announce the appointment of Tony Hales as a Non Executive Director with effect from 1 August 2011.

Tony has been Chairman of Workspace Group plc, the leading provider of space to small and medium-sized enterprises across London since 2002 and steps down from the Board following the AGM in July.  He is currently Chairman of British Waterways, Senior Independent Director of International Personal Finance plc and chairs NAAFI Pension Fund Trustees.

Tony was previously Chief Executive of Allied Domecq plc and a Non Executive Director of HSBC Bank plc.

John Clare, Chairman of Capital & Regional commented:

"I am delighted to welcome Tony Hales as a Non Executive Director.  He not only brings a deep knowledge of the property sector but also a wide range of experience across a range of relevant business sectors."

Tony Hales commented:

"I am delighted to join the Board of Capital & Regional whose assets have considerable potential and where management has now placed the company in a position to realise the opportunity."

The company confirms there is no further information about Tony Hales that requires disclosure under paragraphs 9.6 (11) to (14) of the Listing Rules of the UK Listing Authority.

- ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive                                       Tel:  [phone]

Maitland

Martin Leeburn                                                                        Tel:  [phone]

Richard Farnsworth                                                                 Tel:  [phone]

Notes to editors:

About Capital & Regional plc

Capital & Regional is a specialist property company with a track record of developing asset management opportunities in town centre shopping centres and out of town retail parks.

Capital & Regional founded The Mall and The Junction funds in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and Junction funds and holds 16.7% and 13.4% respectively of these funds.

Capital & Regional & 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 also has an 11.9% stake in the X-Leisure fund, which is managed by X-Leisure Limited in which Capital & Regional holds a 50% interest.

Capital & Regional has a number of other joint ventures and wholly-owned properties.

For further information see www.capreg.com

 

END

 

 

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