RNS Number : 7507I
Picton Property Income Limited
02 April 2024
 

2 April 2024 

 

PICTON PROPERTY INCOME LIMITED

('Picton', the 'Company' or the 'Group')

LEI: 213800RYE59K9CKR4497

 

Saira Johnston joins the Board and commences role as Chief Financial Officer

 

Picton is pleased to announce that effective 1 April 2024, Saira Johnston joined the Board as Chief Financial Officer.

 

As previously announced on 12 October 2023, Saira brings extensive real estate experience to Picton, having spent more than 20 years working in the sector. She has held senior finance positions across the industry, most recently as CFO of Gravis Capital Management Limited, which has an established business of managing listed real estate and infrastructure assets. Saira's previous roles were at Moorfield Group, CBRE Global Investors/ING Real Estate and Morgan Stanley Real Estate Funds.

 

Lena Wilson CBE, Chair at Picton, commented: "On behalf of the Board, we are delighted to welcome Saira, a highly regarded CFO with a proven track record in real estate finance, to the business. She brings a wealth of experience and complementary skills to Picton which will ensure we maintain our disciplined approach to capital allocation, with a focus on earnings growth."

 

Saira Johnston, Chief Financial Officer at Picton, added: "I am delighted to have joined a company that is well regarded, with a long term track record and that has consistently outperformed the MSCI UK Quarterly Property Index since launch. I am looking forward to working with the team to further develop its strategy."

 

Andrew Dewhirst, who is retiring from the Company as previously announced, has stepped down from the Board and will leave the business following a smooth transition and delivery of the 2024 Annual Report and Accounts.  

 

The Board would like to take this opportunity to thank Andrew for his commitment and financial leadership since 2011 and wish him well in retirement.

 

As at 2 April 2024, Saira Johnston holds 20,434 Picton shares.

 

There are no other details that are required to be disclosed in respect of Rule 9.6.13 of the Listing Rules.

 

For further information:

 

Tavistock 

James Verstringhe

020 7920 3150, james.verstringhe@tavistock.co.uk

 

Picton

Kathy Thompson, Company Secretary

020 7011 9988, kathy.thompson@picton.co.uk

 

About Picton

 

Picton, established in 2005, is a UK REIT. It owns and actively manages a £745 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 31 December 2023).

 

Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.

 

For more information please visit: www.picton.co.uk

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