AEW UK REIT plc: Manager Update (1343907)
May 05 2022 - 1:00AM
UK Regulatory
AEW UK REIT plc (AEWU) AEW UK REIT plc: Manager Update
05-May-2022 / 07:00 GMT/BST Dissemination of a Regulatory
Announcement that contains inside information according to
REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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5 May 2022
AEW UK REIT Plc
Manager Update
AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") announces
that Alex Short has stepped down from her role as Joint Portfolio
Manager of AEWU following her resignation from the Company's
investment manager AEW UK Investment Management LLP ("AEW UK").
Laura Elkin continues as Portfolio Manager of the Company. Laura
has played a central role in the AEW UK REIT team delivering value
for shareholders since its launch in 2015, initially as Assistant
Portfolio Manager and, since early 2020 as Joint Portfolio Manager.
This has included identifying and leading the acquisition of the
majority of the assets in the current portfolio and overseeing
asset management initiatives. Laura will continue to be supported
by the wider AEW UK REIT team including Henry Butt as Assistant
Portfolio Manager and Director of Asset Management and Nick
Winsley, Head of AEW UK.
Henry Butt has been closely involved in the REIT portfolio since
2015 and is the lead asset manager to the portfolio. Nick Winsley
has 21 years of property investment experience and, in his capacity
of Head of Investment since 2011, has overseen all the acquisitions
made by the REIT.
All investment decisions made on behalf of AEW UK require AEW
UK's Investment Management Committee approval, which comprises four
experienced property professionals and has remained unchanged for
the past 11 years. The REIT Portfolio Management team is supported
by the wider AEW UK business, which is part of AEW Group and
comprises 28 individuals across asset management, fund operations
and strategy.
Mark Burton, Chairman AEW UK REIT commented: "Laura has played a
key role in managing the AEW UK REIT portfolio, generating strong
returns for shareholders over the past seven years. With many
active asset management initiatives currently being undertaken by
the team at AEW, we remain confident of continued success for the
Company. The Board would particularly like to thank Alex for the
role she has played since the IPO of the Company and wish her the
best for the future."
ENDS
Enquiries
AEW UK
Laura Elkin laura.elkin@eu.aew.com
+44(0) 7917 058 337
Henry Butt henry.butt@eu.aew.com
+44(0) 7920 499 076
Nicki Gladstone nicki.gladstone-ext@eu.aew.com
+44(0) 7711 401 021
Company Secretary
Link Company Matters Limited aewu.cosec@linkgroup.co.uk
+44(0) 1392 477 500
TB Cardew AEW@tbcardew.com
Ed Orlebar +44 (0) 7738 724 630
Tania Wild +44 (0) 7425 536 903
Lucas Bramwell +44 (0) 7939 694 437
Liberum Capital
Darren Vickers / Owen Matthews +44 (0) 20 3100 2000
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 which forms part of
domestic law in the United Kingdom pursuant to The European Union
Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU
Exit) Regulations 2019.
Notes to Editors
About AEW UK REIT
AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total
return to shareholders by investing predominantly in smaller
commercial properties (typically less than GBP15 million), on
shorter occupational leases in strong commercial locations across
the United Kingdom. The Company is currently invested in office,
retail, industrial and leisure assets, with a focus on active asset
management, repositioning the properties and improving the quality
of income streams. AEWU is currently paying an annualised dividend
of 8p per share.
The Company was listed on the Official List of the Financial
Conduct Authority and admitted to trading on the Main Market of the
London Stock Exchange on 12 May 2015. www.aewukreit.com
LEI: 21380073LDXHV2LP5K50
About AEW UK Investment Management LLP
AEW UK Investment Management LLP employs a well-resourced team
comprising 28 individuals covering investment, asset management,
operations and strategy. It is part of AEW Group, one of the
world's largest real estate managers, with EUR88.2bn of assets
under management as at 31 December 2021. AEW Group comprises AEW SA
and AEW Capital Management L.P., a U.S. registered investment
manager and their respective subsidiaries. In Europe, as at 31
December 2021, AEW Group managed EUR38.5bn of real estate assets on
behalf of a number of funds and separate accounts with over 450
staff located in 12 locations. In May 2019, AEW UK Investment
Management LLP was awarded Property Manager of the Year at the
Pensions and Investment Provider Awards.
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ISIN: GB00BWD24154
Category Code: MSCM
TIDM: AEWU
LEI Code: 21380073LDXHV2LP5K50
OAM Categories: 2.2. Inside information
Sequence No.: 159618
EQS News ID: 1343907
End of Announcement EQS News Service
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