Ken McCullagh, the chair of abrdn’s UK Commercial Property REIT, has retired, and will be replaced by Peter Pereira Gray from 31 July.
McCullagh has served as chair since January 2020, sitting on the board since 2013. He is also CEO of LNC Property Group. Pereira Gray was appointed to the trust's board in April 2023, having previously worked as CEO and co-leader of Wellcome trust's investment division. Civitas Social Housing NAV dips 1% as share price falls a 'disappointing' 16.5% The trust sits at a 39.7% discount and has retuned -33.3% over the last year, compared to a UK commercial property sector average of -32.1%, according to data from the Association of Investment Companies. McCullagh said: "As I han...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
