Appointment of Non-executive Director

RNS Number : 3619M

Springfield Properties PLC

16 September 2019

 

16 September 2019

Springfield Properties plc

("Springfield" or the "Group")

Appointment of Non-executive Director

Springfield Properties (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces the appointment of Mr Colin Kenneth Rae as a Non-executive Director of the Group with immediate effect.  

Mr Rae, aged 54, is a Chartered Quantity Surveyor with nearly 40 years' experience in the construction and housebuilding industries, specialising in project and development management. From 2002 to 2019, Mr Rae held leadership positions at Places for People ("PfP"), one of the largest development, regeneration, property management and leisure companies in the UK with an asset base of £4.5 billion. PfP designs, builds, and manages large-scale regeneration projects from start to finish, creating sustainable places where communities want to live.

Most recently, as Group Executive Development Director at PfP, he managed a UK-wide mixed tenure development programme of c. £200 million, delivering core housing assets for affordable and market rent and sale. This included the development of the 376-home Engine Yard site in Edinburgh, the largest single National Housing Trust development in Scotland. Prior to this, he was Project Director for Scotland, with responsibility for establishing and delivering PfP's strategic development programme in Scotland. In this role, he liaised with private sector partners, the Scottish Government and local authorities and, with a team of 25, achieved annual development turnover of £60 million within five years.

Previous experience includes project management roles at The EDI Group, a property development company wholly-owned by the City of Edinburgh Council, and Woolwich Homes Ltd, as well as surveyor positions at Millar Brown Associates and Gibson & Simpson.

Mr Rae is a long-term director of Homes for Scotland, the representative trade body for the housebuilding sector in Scotland, and is a former chair of Turning Point Scotland, a social care charity that provides residential rehabilitation services.

He is a Member of the Royal Institution of Chartered Surveyors (MRICS) and holds a BSc in Quantity Surveying from Napier University.

Sandy Adam, Executive Chairman of Springfield Properties plc, said: "We are very pleased to welcome Colin to the board of Springfield. He brings considerable industry experience and expertise in building large-scale development and regeneration projects across Scotland and the wider UK. Springfield has made great strides since listing on AIM in 2017 and the appointment of Colin compliments the skills of our existing directors, strengthening the board to reflect the enhanced scale of the business today and our plans for continued growth."

Other than as set out below, there are no other matters required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies as regards Mr Rae's appointment. Mr Rae does not hold any shares in the Group.

Regulatory disclosures:

Current directorships/partnerships

Past directorships/partnerships

Colin Rae Development Solutions Ltd Homes for Scotland Ltd

Upper Strand Developments Limited The Engine Yard Edinburgh Limited Shrubhill Investments Limited Places for People: Regulated Board (a non-statutory entity) Places for People Developments Limited Places for People Ventures Limited Places for People Ventures Operations Limited Places for People Placemaking & Regeneration Limited ZeroC Group (2008) Limited Zero C Holdings Limited Allenbuild Limited MDH (Group) Limited Places Developments (Holdings) Limited Modular Wise Limited Places for People Scotland Limited ZeroC Acheson Consortium Cornerstonezed Plymouth Limited Lighthouse Court LLP Cityscape LLP Shrubhill NHT LLP Brooklands Milton Keynes LLP Shaping Aberdeen Housing LLP Swedish by Design LLP

Enquiries:

Springfield Properties
Sandy Adam, Executive Chairman Innes Smith, Chief Executive Officer	[phone]
N+1 Singer
Shaun Dobson, James Moat (Corporate Finance) Rachel Hayes (Corporate Broking)	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore, Joe Quinlan	[phone]

 

END

 

 

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