REG-AEW UK REIT plc AEW UK REIT plc: Statement re the Investment Manager

Aew UK ReitAnnouncement

17/08/2021 07:05

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   AEW UK REIT plc (AEWU)
   AEW UK REIT plc: Statement re the Investment Manager

   17-Aug-2021 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   17 August 2021

                                        

                        AEW UK REIT Plc (the "Company")

                      Statement re the Investment Manager

                                        

   The Company's Investment Manager, AEW  UK Investment Management LLP  ("AEW
   UK") was established as a joint venture between AEW in Europe ("AEW")  and
   the AEW UK  Management Team1 ("Evergreen")2  in 2011 to  focus on UK  real
   estate strategies. The Company announces that pursuant to the terms of the
   joint  venture  agreement,  AEW  has  issued  a  call  notice  to  acquire
   Evergreen's interest in  AEW UK  such that following  the transaction  AEW
   would own 100% of AEW UK. The respective management teams are in  advanced
   discussions  and AEW remains  committed to building  on the successful  UK
   platform that  has  been  established  in  partnership  with  the  AEW  UK
   management team. While discussions are at an advanced stage, there can  be
   no guarantee  that  the transaction  will  complete. The  Board  does  not
   anticipate any change to the  investment management mandate with AEW.  The
   Company will make a further announcement, as appropriate, in due course.

    

   Notes:

   1 The AEW UK Management Team comprises Richard Tanner, Rachel McIsaac and
   Nick Winsley.

   2 Evergreen is the legal entity which holds the AEW UK Management Team and
   other senior employees interest in AEW UK.

    

   Enquiries                       
   AEW UK                          
   Alex Short                      1 alex.short@eu.aew.com
                                  +44(0) 20 7016 4848
                                   
   Nicki Gladstone                 2 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                       3 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

    

    

    

    

   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 UK Listing  Authority
   and admitted to trading on the Main Market of the London Stock Exchange on
   12 May 2015.  4 www.aewukreit.com

    

   LEI: 21380073LDXHV2LP5K50

    

   About AEW UK Investment Management LLP

    

   AEW UK Investment Management LLP employs a well-resourced team  comprising
   26 individuals  covering  investment,  asset  management,  operations  and
   strategy. It is part of AEW Group, one of the world's largest real  estate
   managers, with €69.8bn of assets under management as at 31 December  2020.
   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 2020,  AEW Group managed €34.6bn of real  estate
   assets on behalf of a number of funds and separate accounts with over  420
   staff located  in 9  offices.  The Investment  Manager  is a  50:50  joint
   venture between the principals of the  Investment Manager and AEW. In  May
   2019, AEW UK Investment Management LLP was awarded Property Manager of the
   Year at the Pensions and Investment Provider Awards.

    

    5 www.aewuk.co.uk

    

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   ISIN:          GB00BWD24154
   Category Code: MSCM
   TIDM:          AEWU
   LEI Code:      21380073LDXHV2LP5K50
   Sequence No.:  120098
   EQS News ID:   1226847


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:alex.short@eu.aew.com
   2. mailto:nicki.gladstone-ext@eu.aew.com
   3. mailto:AEW@tbcardew.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9220892e63355ca6947a3a3423a3bac8&application_id=1226847&site_id=reuters8&application_name=news
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c3ab986d9b746ee23c3523d74649f8db&application_id=1226847&site_id=reuters8&application_name=news


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