REG-AEW UK REIT plc AEW UK REIT plc: Manager Update

Aew UK ReitAnnouncement

05/05/2022 07:15

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   AEW UK REIT plc (AEWU)
   AEW UK REIT plc: Manager Update

   05-May-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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    5 May 2022

    

                                AEW UK REIT Plc

                                        

                                 Manager Update

    

                                        

   AEW UK REIT plc (LSE: AEWU) (“AEWU” or the "Company") announces that  Alex
   Short has stepped down  from her role as  Joint Portfolio Manager of  AEWU
   following her resignation  from the  Company’s investment  manager AEW  UK
   Investment Management LLP (“AEW UK”).

   Laura Elkin  continues as  Portfolio  Manager of  the Company.  Laura  has
   played a  central  role in  the  AEW UK  REIT  team delivering  value  for
   shareholders since its  launch in 2015,  initially as Assistant  Portfolio
   Manager and,  since  early  2020  as Joint  Portfolio  Manager.  This  has
   included identifying and leading  the acquisition of  the majority of  the
   assets  in  the   current  portfolio  and   overseeing  asset   management
   initiatives. Laura will continue to be supported by the wider AEW UK  REIT
   team including Henry Butt as  Assistant Portfolio Manager and Director  of
   Asset Management and Nick Winsley, Head of AEW UK.

   Henry Butt has been closely involved in the REIT portfolio since 2015  and
   is the lead asset manager to the  portfolio. Nick Winsley has 21 years  of
   property investment experience and, in his capacity of Head of  Investment
   since 2011, has overseen all the acquisitions made by the REIT.

   All investment  decisions  made on  behalf  of  AEW UK  require  AEW  UK’s
   Investment Management Committee approval, which comprises four experienced
   property professionals and has remained  unchanged for the past 11  years.
   The REIT  Portfolio Management  team  is supported  by  the wider  AEW  UK
   business, which is part of AEW  Group and comprises 28 individuals  across
   asset management, fund operations and strategy.

   Mark Burton, Chairman AEW UK REIT commented: “Laura has played a key  role
   in managing  the AEW  UK  REIT portfolio,  generating strong  returns  for
   shareholders over the past seven years. With many active asset  management
   initiatives currently  being undertaken  by  the team  at AEW,  we  remain
   confident  of  continued  success  for   the  Company.  The  Board   would
   particularly like to thank Alex for the role she has played since the  IPO
   of the Company and wish her the best for the future.”

    

                                      ENDS

    

   Enquiries                       
   AEW UK                          
   Laura Elkin                     1 laura.elkin@eu.aew.com
                                  +44(0) 7917 058 337
   Henry Butt                      2 henry.butt@eu.aew.com
                                  +44(0) 7920 499 076
   Nicki Gladstone                 3 nicki.gladstone-ext@eu.aew.com
                                  +44(0) 7711 401 021
   Company Secretary               
   Link Company Matters Limited   aewu.cosec@linkgroup.co.uk
                                  +44(0) 1392 477 500
                                   
   TB Cardew                       4 AEW@tbcardew.com
   Ed Orlebar                     +44 (0) 7738 724 630
   Tania Wild                     +44 (0) 7425 536 903
   Lucas Bramwell                 +44 (0) 7939 694 437
                                   
   Liberum Capital                 
   Darren Vickers / Owen Matthews +44 (0) 20 3100 2000

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

   The information  contained  within  this announcement  is  deemed  by  the
   Company to constitute  inside information as  stipulated under the  Market
   Abuse Regulation (EU) No. 596/2014 which forms part of domestic law in the
   United Kingdom  pursuant to  The European  Union Withdrawal  Act 2018,  as
   amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

    

   Notes to Editors

    

   About AEW UK REIT

    

   AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return  to
   shareholders by investing predominantly  in smaller commercial  properties
   (typically less  than  £15 million),  on  shorter occupational  leases  in
   strong commercial  locations across  the United  Kingdom. The  Company  is
   currently invested in office, retail, industrial and leisure assets,  with
   a focus  on  active asset  management,  repositioning the  properties  and
   improving the  quality of  income streams.   AEWU is  currently paying  an
   annualised dividend of 8p per share. 

    

   The Company  was listed  on the  Official List  of the  Financial  Conduct
   Authority and admitted to trading on  the Main Market of the London  Stock
   Exchange on 12 May 2015.  5 www.aewukreit.com

    

   LEI: 21380073LDXHV2LP5K50

    

   About AEW UK Investment Management LLP

    

   AEW UK Investment Management LLP employs a well-resourced team  comprising
   28 individuals  covering  investment,  asset  management,  operations  and
   strategy. It is part of AEW Group, one of the world's largest real  estate
   managers, with €88.2bn of assets under management as at 31 December  2021.
   AEW Group  comprises  AEW SA  and  AEW  Capital Management  L.P.,  a  U.S.
   registered  investment  manager  and  their  respective  subsidiaries.  In
   Europe, as at 31 December 2021,  AEW Group managed €38.5bn of real  estate
   assets on behalf of a number of funds and separate accounts with over  450
   staff located in 12 locations. In  May 2019, AEW UK Investment  Management
   LLP was  awarded  Property  Manager  of  the  Year  at  the  Pensions  and
   Investment Provider Awards.

    

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   ISIN:           GB00BWD24154
   Category Code:  MSCM
   TIDM:           AEWU
   LEI Code:       21380073LDXHV2LP5K50
   OAM Categories: 2.2. Inside information
   Sequence No.:   159618
   EQS News ID:    1343907


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:laura.elkin@eu.aew.com
   2. mailto:henry.butt@eu.aew.com
   3. mailto:nicki.gladstone-ext@eu.aew.com
   4. mailto:AEW@tbcardew.com
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9220892e63355ca6947a3a3423a3bac8&application_id=1343907&site_id=reuters8&application_name=news


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