The Board

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Nigel Rich CBE
Non-Executive Chairman

Nigel brings a wealth of Board experience, having operated across the globe in senior positions, most recently at Segro plc.

Nigel served as the Group Chief Executive of Trafalgar House plc from 1994 to 1996 and previously spent 20 years at the Jardine Matheson Group in Asia, serving as a Managing Director of Jardine Matheson Holdings from 1989 to 1994.

Nigel has served as the Chairman of the Board at Hamptons International, Excel plc, Xchanging plc and also as the Chairman of the Board of Segro plc, from October 2006 until April 2016. He has also served as a Member of The Takeover Panel (UK) and has been a member of the Finance and General Committees of the R&A. He is currently a director of the British Empire Trust.

 

JONATHAN GRAY
NON-EXECUTIVE DIRECTOR

Jonathan has considerable financial services experience having worked in senior roles at HSBC, UBS and NCB

He has worked on numerous flotations, including a number of property companies such as Property Fund Management, Cleveland Trust and CLS Holdings. From 2010-2014 he was the Non-Executive Chairman of PGF II SA, a London based £200 million private property fund. He currently works as a financial advisor/consultant to a variety of international companies.

 
 

Bruce Anderson
Non-Executive Director

Bruce has considerable real estate and financial services experience having worked in senior roles at Lloyds, HBoS and Bank of Scotland; this includes 15 years of investment-led boardroom positions. He has experience with both real estate companies and REITs across UK, Europe and the Far East

At Lloyds he was Head of Joint Ventures for the Specialist Finance division, responsible for a mixed portfolio of real estate, including both equity and debt elements. He is currently a Non-Executive Director at Green Property Limited.

 

RICHARD MOFFITT
NON-EXECUTIVE Director

Previously an Executive Director at CBRE where he was Head of the UK Industrial team.

  • More than 25 years’ experience of the UK Industrial and Logistics markets
  • Credibility with owners and operators of real estate
  • In-depth market understanding and awareness of current issues
  • A thorough understanding of owner and tenant requirements
  • Extensive contact list including institutional funds
  • Member of The Chartered Institute of Logistics and Transport 

Transaction history includes:

  • Goodman acquisition of Rosemound for £650m +
  • Scaling up and subsequent disposal by London & Stamford Plc for in excess of £350m
  • Disposal of £300m of assets to Logicor by Anglesea
  • Founding partner of M3 Agency LLP (logistics property consultancy). Sold to CBRE in 2010
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Mark Johnson
Non-Executive Director

Co-founded Pacific Investments Management Limited (“Pacific Investments”) with Sir John Beckwith. Qualified as a lawyer before working in corporate finance at Barclays Merchant Bank and Barclays de Zoete Wedd.

Previously Mark was CEO of the Riverside Group, one of the UK’s leading leisure companies, under the chairmanship of Sir John, and oversaw its successful sale.

Founding partner and shareholder/director of Pacific’s investment portfolio and private equity companies including Liontrust, Thames River Capital, River & Mercantile, Argentex and Pacific Asset Management.

 

External Management Team

 

Christopher Turner
PROPERTY Director

Christopher is a Chartered Surveyor with more than 25 years’ experience in the UK and European investment markets where he has built up extensive contacts with investors and developers of industrial, office and retail real estate.

He has a considerable depth of experience in the acquisition performance and disposal of investments through all sectors.

He has a detailed focus on tenant management and covenant performance, adding value and active asset management to achieve overall investment returns.

His most recent experience includes:

  • Acquired, managed and traded £175 million balanced asset portfolio
  • Acquired and repositioned €135 million industrial and office portfolio in Germany
  • Former Director at Hill Samuel and Lambert Smith Hampton
  • Independent real estate advisor to the New Zealand government
  • Founder director of Newton Bromswold asset management
 

Audit Committee

The Company has established an audit committee which comprises all of the Directors, with Bruce Anderson as the Chairman of the committee. The Audit Committee will meet at least twice a year and will assist the Board in observing its responsibility for ensuring that the Company’s financial systems provide accurate and up-to-date information on its financial position and that the published financial statements represent a true and fair reflection of this position. It will also assist the Board in ensuring that appropriate accounting policies, internal financial controls and compliance procedures are in place. The Audit Committee will receive information from the external auditors.

Management Engagement Committee

The Company has established a management engagement committee which comprises all of the Directors, save Richard Moffitt, with Jonathan Gray as the Chairman of the committee. The Management Engagement Committee will meet at least once a year. The Management Engagement Committee’s main function is to review and make recommendations on any proposed amendment to the Relationship Agreement and the Investment Management Agreement and keep under review the performance of Pacific and examine the effectiveness of the Company’s internal control systems.

Valuation Committee

The Company has established a valuation committee which comprises all of the Directors with Richard Moffitt as the Chairman of the committee. The Valuation Committee will meet at least four times a year at appropriate times in the Company’s valuation cycle or as otherwise required. The Valuation Committee’s main function is to review the property valuation report produced by the Valuer.