Regional REIT has appointed David Hunter as an independent non-executive director and chair designate with effect from 2 January 2025.
Hunter will succeed Kevin McGrath as chair of the board on 18 March 2025, following McGrath’s announcement in October that he will step down as chair of the REIT having completed the duration of his nine-year tenure, in accordance with the company’s policy.
Hunter is a highly experienced non-executive director and chair of listed REITs as well as a strategic adviser to real estate private equity businesses. In addition to serving as managing director of Aberdeen Asset Management’s real estate business, he was previously chairman of Capital & Regional, Dar Global, Custodian Property Income and GCP Student Living.
Massy Larizadeh, senior independent director of Regional REIT, said: “Following a thorough independent selection process, the board is delighted that David is joining the board of Regional REIT. David’s impressive career in fund management and extensive listed commercial real estate experience will be of great benefit to the company at this important stage of its life and in the future. On behalf of the board, I would like to thank Kevin for his leadership and significant contribution to Regional REIT.”
Hunter added: “I’m delighted to be selected by Regional REIT as the independent non-executive chair. Regional REIT is at a key inflection point having recently completed a successful significant capital raise. This has placed the company on a much firmer financial footing and we can now focus on enhancing shareholder value through further active portfolio management activities, maximising occupancy and capitalising on the developing trend of workers returning to the office.”
