REG - Regional REIT Ltd - Change of AIFM

Regional REITAnnouncement

30/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240830:nRSd2157Ca&default-theme=true

RNS Number : 2157C  Regional REIT Limited  30 August 2024

30 August 2024

REGIONAL REIT Limited

("Regional REIT", the "Group" or the "Company")

Change of AIFM

 

As previously announced on 11 October 2023, Regional REIT Limited (LSE: RGL),
will appoint ESR Europe Investment Management Ltd. ("ESR Europe") to act as
its Alternative Investment Fund Manager ("AIFM"), effective 30 August 2024,
following ESR Europe's authorisation as an alternative investment fund manager
by the Financial Conduct Authority ("FCA").

 

ESR Europe was authorised by the FCA on 1 August 2024. ESR Europe will replace
Toscafund Asset Management LLP ("Toscafund") as AIFM.

 

The appointment of ESR Europe as the Company's AIFM was agreed at the time
that an affiliated party to ESR Europe (ARA Europe Private Markets Ltd., which
has since been renamed to ESR Europe Private Markets Ltd.) purchased the
investment management contract from Toscafund.

 

ESR Europe is the European platform of ESR Group, a global real estate
investment manager with a leading position in the new economy in Asia-Pacific.
ESR Europe also operates across the UK and Western Europe, bringing over 30
years of real estate investment and asset management experience delivered by a
highly skilled in-house team.

 

Forthcoming Events

 10 Sep 2024   Interim Results Announcement

               Q2 2024 Dividend Announcement

 13 Nov 2024   Q3 2024 Trading Update

 

Note: All dates are provisional and subject to change.

 

- ENDS -

 

Enquiries:

 

 Regional REIT Limited
 Press enquiries through Buchanan

 ESR Europe Private Markets Limited                         Tel: +44 (0) 203 831 9776
 Investment Adviser to the Group
 Adam Dickinson, Investor Relations, Regional REIT Limited

 London & Scottish Property Investment Management           Tel: +44 (0) 141 248 4155
 Asset Manager to the Group
 Stephen Inglis

 Burson Buchanan                                            Tel: +44 (0) 20 7466 5000
 Financial PR
 Charles Ryland, Henry Wilson, George Beale

 

About Regional REIT

Regional REIT Limited ("Regional REIT" or the "Company") and its
subsidiaries (the "Group") is a United Kingdom ("UK") based real estate
investment trust that launched in November 2015. It is managed
by London & Scottish Property Investment Management Limited, the Asset
Manager, and ESR Europe Private Markets Limited, the Investment Adviser.

Regional REIT's commercial property portfolio is comprised wholly of income
producing UK assets and comprises, predominantly of offices located in the
regional centres outside of the M25 motorway. The portfolio is geographically
diversified, with 132 properties, 827 tenants as at 21 June 2024, with a
valuation of c.£647.8m.

Regional REIT pursues its investment objective by investing in, actively
managing and disposing of regional core and core plus property assets. It aims
to deliver an attractive total return to its Shareholders, targeting greater
than 10% per annum, with a strong focus on income supported by additional
capital growth prospects.

The Company's shares were admitted to the Official List of
the UK's Financial Conduct Authority and to trading on the London Stock
Exchange on 6 November 2015. For more information, please visit the Group's
website at www.regionalreit.com (http://www.regionalreit.com/)  .

Cautionary Statement

This document has been prepared solely to provide additional information to
Shareholders to assess the Group's performance in relation to its operations
and growth potential. The document should not be relied upon by any other
party or for any other reason. Any forward looking statements made in this
document are done so by the Directors in good faith based on the information
available to them up to the time of their approval of this document. However,
such statements should be treated with caution due to the inherent
uncertainties, including both economic and business risk factors, underlying
any such forward-looking information.

ESMA Legal Entity Identifier ("LEI"): 549300D8G4NKLRIKBX73

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUKANRSRUWUAR