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RDI REIT PLC - Changes to the board

Release Date: 22/07/2020 17:00
Code(s): RPL     PDF:  
Wrap Text
Changes to the board

(Incorporated in the Isle of Man)
(Registered number 010534V)
LSE share code: RDI
JSE share code: RPL
LEI: 2138006NHZUMMRYQ1745
(“RDI” or the “Company”)


Further to the announcement on 1 July 2020, advising that Starwood Capital Group (“Starwood”) had
acquired a 29.54 per cent shareholding in the Company, RDI is pleased to announce the appointment of
Matthew Parrott as a director of the Company, and Krysto Nikolic as his alternate, with immediate effect.

Matthew is a Senior Vice President at Starwood, where he is responsible for the firm’s real estate investments
in the UK & Ireland. Prior to joining Starwood in 2018, he was a Principal at CBRE Global Investment

Krysto is a Managing Director at Starwood and Head of European Real Estate. Previously, Mr. Nikolic was a
Partner at TPG Real Estate and has served on the boards of multiple real estate companies across several asset
classes and geographies.

Matthew Parrott will also be joining the reconstituted Investment Committee alongside Gavin Tipper (Chair),
Mike Watters and Stephen Oakenfull.

Mike Watters, the CEO of RDI, commented: “We are delighted that Matt has joined the Board at this
particular juncture as we continue to make good progress on the delivery of our strategic objectives. I believe
that Matt’s depth of experience will complement RDI’s efforts to further reposition the portfolio and
strengthen the balance sheet.”

No further details are required to be disclosed under the Listing Rule 9.6.13.

For further information:

Mike Watters, Stephen Oakenfull                        Tel: +44 (0) 20 7811 0100

FTI Consulting
UK Public Relations Adviser
Dido Laurimore, Claire Turvey, Ellie Sweeney           Tel: +44 (0) 20 3727 1000

Instinctif Partners
SA Public Relations Adviser
Frederic Cornet                                        Tel: +27 (0) 11 447 3030

JSE Sponsor
Java Capital                                           Tel: + 27 (0) 11 722 3050

22 July 2020

Note to editors:

About RDI

RDI is an income focused UK-REIT with a diversified portfolio invested principally in the UK. The
investment approach is driven by an in depth understanding of occupational demand including the impact of
technology, transport and infrastructure investment. The portfolio has been repositioned in recent years to
increase its weighting to London and the South East and to provide greater exposure to our leading hotel and
serviced office operating platforms.

RDI is committed to delivering attractive income led total returns across the real estate cycle. The current
strategic objectives of a lower leverage capital structure and more focused allocation of capital are targeted at
delivering an industry leading and sustainable income return.

RDI is a UK Real Estate Investment Trust (UK-REIT) and holds a primary listing on the London Stock
Exchange and a secondary listing on the JSE. The Company is included within the EPRA, GPR, JSE All
Property and JSE Tradeable Property indices.

For more information on RDI, please refer to the Company's website

Date: 22-07-2020 05:00:00
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