| Mon 3 Oct 2005, 12:55 | | Liberty International Plc - New managing director |
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Liberty International Plc - New managing director takes up appointment
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILII
3 October 2005
NEW MANAGING DIRECTOR TAKES UP APPOINTMENT
Kay Chaldecott, MRICS, has taken up the appointment as Managing Director of
Capital Shopping Centres ("CSC"), the UK"s leading company specialising in the
ownership, management and development of regional shopping centres.
Kay, who is also an executive director of CSC"s parent company, Liberty
International PLC, has been with the group since 1984 and has worked on
management and development projects for most of CSC"s shopping centres. Most
recently, as Asset Management Director, she was responsible for the overall
asset management of the whole portfolio as well as leasing and retail mix issues
for the development projects.
Kay takes up the appointment following the retirement of John Abel from an
executive role after 33 years with the group. John will continue as a non-
executive director of Liberty International PLC.
David Fischel, Chief Executive of Liberty International PLC, commented:
"Kay has huge experience as an integral member of the CSC management team which
has grown the group"s regional shopping centre interests nearly ten-fold from
GBP576 million at the end of 1993 to some GBP5.5 billion today and, with her
tremendous knowledge of the industry, is admirably qualified for the role of CSC
Managing Director."
Commenting on her new role, Kay said:
"I am delighted to have been asked to take on the role of Managing Director of
CSC and I look forward to working with the Board and management team to keep CSC
at the forefront of the industry and to continue its strong track record of
growth."
Enquiries:
Margaret Harwood, Communications Manager, CSC
+44 (0) 20 7887 7029
Further Information
Capital Shopping Centres ("CSC"), a wholly owned subsidiary of Liberty
International PLC, is the leading company in the UK specialising in the
ownership, management and development of regional shopping centres. CSC owns
12 completed regional shopping centres in the UK of which 9 are in the UK"s top
twenty-five. These centres include 4 of the UK"s regional out-of-town centres:
Lakeside Thurrock; MetroCentre Gateshead; Braehead, Renfrew, Glasgow; and The
Mall at Cribbs Causeway, Bristol (66% owned jointly with Prudential) and 8 major
in-town centres including Manchester Arndale (95% owned jointly with Prudential)
and Chapelfield, Norwich, which opened in September 2005. The company is
engaged on a substantial development programme involving both new city centre
schemes in Cardiff and Oxford, and extensions to existing shopping centres.
Overall, CSC owns over 10 million sq.ft. of retail space attracting over 210
million customer visits a year.
Date: 03/10/2005 12:55:05 PM Produced by the JSE SENS Department
