Share price 84.80p0.20p (0.24%)as at: 19 October 2018 16:35:19
Market Capitalisation £457.97M
Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.
The Board of Directors are responsible for the determination of the Company’s business model and strategy and have overall responsibility for the Company’s activities including the review of investment activity and performance.
Age 69, was formerly Director and Head of Fund and Investment Management at Prudential Property Investment Management and has served on the Board as Chairman since 2005. He is currently Chairman of MSCI IPD’s UK & Ireland Consultative Group, a director of the Lend Lease Retail Partnership and an independent director of the Association of Real Estate Funds. He is a Fellow of the Royal Institution of Chartered Surveyors and a member of the Property Forum of the Association of Investment Companies.
Age 70, has extensive experience in the property sector, most recently as a director of Berkeley Group Holdings Plc for over 15 years, the last eight of which were as Chairman, a position from which he retired at the end of July 2007. He subsequently acted as a consultant to the Berkeley Group and is currently a non-executive director of three Jersey based subsidiaries of the Berkeley Group. Prior to this, he was UK Group Chief Executive Officer of Crest Nicholson Group PLC from 1983 to 1991. He is also currently a director of Grand Harbour Marina Plc (Malta), of Camper and Nicholsons Marina Investments Limited and of Cambian Global Timberland Limited. He was appointed to the Board in 2010.
Michael, age 45, is Chief Executive of Picton Property Income Limited. He is responsible for devising and overseeing the implementation of all aspects of the Company’s investment strategy. He has over 24 years experience in the UK commercial property sector and has worked with the Group since launch in 2005. He was appointed to the Board on 1 October 2015.
Age 61, was a partner in PricewaterhouseCoopers LLP for over 25 years, specialising in structuring and restructuring transactions predominantly in Financial Services and Real Estate. He is currently on the board of, amongst others, L&F Indemnity Limited, the Brompton and Harefield Hospital Foundation Trust and an adviser to UK Government Investments, an arm of HM Treasury. He is an Associate of the Institute of Chartered Accountants in England and Wales and was appointed to the Board on 1 October 2017.
With over 35 years of experience in the financial services sector, Maria is currently a non executive of Nomura Europe Holdings plc and Nomura International plc (& is a member of their Audit, Remuneration, Nominations & Governance, and Financial Conduct Committees). Until last year she was a Senior Managing Director and their Global Head of HR for their wholesale business. Previously she has held senior HR roles at inter alia UBS and Goldman Sachs. Maria was appointed to the Board on 1 October 2018.
Andrew, age 58, joined Picton in March 2011. He has over 25 years’ experience in the real estate and financial services sector. Andrew is an associate member of the Institute of Chartered Accountants in England and Wales and a member of the Investment Property Forum. He was appointed to the Board on 1 October 2018.