Directorate Change

Great Portland Estates PLC 6 June 2002 Board Changes at Great Portland Estates P.L.C. Great Portland announces that Robert Noel will join the Board as Property Director on 1st August 2002. Paul Gittens will be retiring as an Executive Director at the AGM on 17th July, and will remain as a consultant to the Executive Team for up to one year. Robert Noel has been a Director at Nelson Bakewell for the last ten years and his appointment marks the first senior management change since the arrival of the new Chief Executive Toby Courtauld two months ago. Toby Courtauld said 'I am delighted that Robert will be joining Great Portland. He brings with him a wealth of experience in active property management and investment with a particular bias to the Central London market. I would also like to thank Paul for his significant contribution to the Company's many successes over the past 32 years, the last 13 as a Director.' Enquiries etc: Great Portland Estates P.L.C. 020 7580 3040 Toby Courtauld, Chief Executive Finsbury 020 7251 3801 Edward Orlebar Note for editors Robert Noel, 37, graduated from Reading University in 1986. In 1987 he joined Nelson Bakewell, property consultants, where he has held a number of positions including Director of Investment and Director of Special Projects with responsibility for advising on corporate transactions and management of joint ventures. In 1992 he was appointed to the Board of Nelson Bakewell and served as a member of the Group Executive Committee from 1996 to 2001. Throughout his time as Director of Special Projects he has led a number of high profile transactions specialising in Central London. These include a highly successful three year joint venture between MEPC and GE Capital from 1999 to 2002 involving the active management and refurbishment of a £200 million portfolio. He led a team with a broad mandate to manage all aspects of the portfolio, including refurbishments and sales. He also advised a £250 million joint venture between Benchmark Group Plc and JE Robert to purchase and manage a portfolio of large Central London buildings. He was property advisor to Leconport Estates in their recommended cash offer for MEPC. This information is provided by RNS The company news service from the London Stock Exchange
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