LONDON - Regional REIT Limited has appointed David Hunter as an Independent (LON:IOG) Non-Executive Director and Chair Designate, effective from January 2, 2025. Hunter will join the Audit, Nominations, and Management Engagement & Remuneration Committees upon his appointment.
David Hunter, with a distinguished career in property fund management, will succeed Kevin McGrath as Chair of the Board on March 18, 2025, following McGrath's step down in line with the company's policy after a nine-year tenure. Hunter's background includes a role as Managing Director of Aberdeen Asset Management's £6.5 billion real estate business and chairmanship positions at various listed REITs and private equity real estate firms.
Senior Independent Director of Regional REIT, Massy Larizadeh, expressed confidence in Hunter's appointment, citing his extensive experience in listed commercial real estate and fund management as valuable assets for the company's future development.
Hunter's selection comes at a pivotal moment for Regional REIT, following a significant capital raise that has strengthened the company's financial position. Hunter emphasized the opportunity to enhance shareholder value through active portfolio management, focusing on maximizing occupancy and leveraging the trend of workers returning to office spaces.
No further disclosures are required under Listing Rule 6.4.8R regarding Hunter's appointment.
This announcement is based on a press release statement from Regional REIT Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.