Appointment of Executive Director

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.

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For further information

NewRiver Retail Limited David Lockhart, Chief Executive	Tel: [phone]
Pelham Bell Pottinger David Rydell/Rosanne Perry	Tel: [phone]
Cenkos Securities                                            Ian Soanes/Max Hartley	Tel: [phone]

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 £250 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.

 

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