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Capital & Regional appoints new chairman

Capital & Regional appoints new chairman

Capital & Regional, the shopping centre REIT, has appointed David Hunter as non-executive chairman.

Hunter, who is also chairman at Custodian REIT, will take up the post at the conclusion of the group’s 2020 Annual General Meeting on 20 May 2020. He will initially join the board as a non-executive director from 9 March 2020.

Hunter will take over from Hugh Scott-Barrett, who after 12 years at the company including a nine year stint as chief executive, advised the board of his wish to not seek re-election as non-executive chairman at the AGM in May 2020.

As well as his chairmanship at Custodian REIT, Hunter is also a non-executive director of GCP Student Living and a senior adviser to ICG-Longbow, the leading real estate debt fund manager.

Earlier in his career, Hunter was a leading fund manager, including being managing director of Aberdeen Property Investors, where he oversaw the business’ £6.5bn UK and international assets.

The moves comes after South African REIT Growthpoint Properties acquired a majority stake in Capital & Regional in October 2019 with plans to inject capital into the business.

Hunter said: “I am excited about the opportunity of working with Capital & Regional and helping drive the many opportunities I believe the business holds. These are clearly challenging times for the retail property sector, but with the support of an excellent management team, I hope to contribute effectively to the implementation of the clearly identified community shopping centre strategy on behalf of our shareholders.”

CAL : Capital & Regional appoints new chairman

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