Appointment of Non-Executive Directors

Custodian REIT (LSE: CREI), the UK property investment company, is pleased to announce the appointment of two Non-Executive Directors of the Company with effect from 1 April 2021.

Elizabeth McMeikan has been appointed as the Senior Independent Director (“SID”) and Chris Ireland has been appointed as an independent Director.  Each Director has been appointed to the Company’s Audit and Risk, Remuneration, Management Engagement and Nominations Committees with Chris Ireland Chairing the Management Engagement Committee with effect from 1 July 2021.

Elizabeth McMeikan

Elizabeth’s substantive executive career was with Tesco plc where she was a Stores Board Director before embarking on a non-executive career in 2005.

Elizabeth is currently SID and Remuneration Committee Chair at Unite plc, the UK’s largest owner, manager and developer of purpose-built student accommodation and Non-Executive Director and Environmental, Social and Governance (“ESG”) Committee Chair of Dalata Hotel Group plc, the largest hotel group in the Republic of Ireland.  Her other Board roles include Non-Executive Director and Remuneration Committee Chair at McBride plc, Europe’s leading manufacturer of cleaning and hygiene products, and Non-Executive Director of Fresca Group Limited, a fruit and vegetable import/export company.

Previously Elizabeth was SID of JD Wetherspoons plc, SID and Remuneration Committee Chair of Flybe plc and Chair of Moat Homes Limited

Chris Ireland

Chris joined international property consultancy King Sturge in 1979 as a graduate and has worked his whole career across the UK investment property market.  He ran the investment teams at King Sturge before becoming Joint Managing Partner and subsequently Joint Senior Partner prior to its merger with JLL in 2011.

Chris was appointed as Chief Executive Officer of JLL UK in 2016 and will become its Chairman in April 2021.  He will continue to play an active role in the capital markets business and is committed to leading the property sector on sustainability and supporting the debate around the climate emergency.

Chris is a former Chair of the Investment Property Forum and is a Non-Executive Director of Le Masurier, a Jersey based family trust with assets across the UK, Germany and Jersey.

Chris is also a keen supporter of the UK homelessness charity Crisis.

Commenting on the appointments, David Hunter, Chairman of Custodian REIT, said:

“I am delighted to welcome Elizabeth and Chris to the Board as Non-Executive Directors.  Both bring a range of different but complimentary experiences which strengthen the Board’s property and governance experience and add to its diversity.  We look forward to working with both of them.”

Chris and Elizabeth’s other roles are not considered to impact their ability to allocate sufficient time to the Company to discharge their responsibilities effectively.

With effect from 16 March 2021 Matthew Thorne has been appointed as Chair of the Remuneration Committee, replacing David Hunter.  In accordance with the Listing Rules, there is no further information required to be disclosed pursuant to LR9.6.11R and LR9.6.13R.