RNS announcement

6 June 2023

Warehouse REIT plc

(the "Company" or "Warehouse REIT", together with its subsidiaries, the "Group")

Changes to Board and Investment Advisor appointments

Martin Meech has informed the Board that in order to take up an executive position in the real estate industry, he will not be standing for re-election at the Company's Annual General Meeting ("AGM") in September 2023, following which he will cease to be a Director of the Company.

Martin has served on the Board since the Company's IPO in 2017 as the Senior Independent Director. He is Chair of the Management Engagement Committee and is also a member of the Audit and Risk Committee and Sustainability Committee. The Board has already commenced the process using external consultants to find a successor and will announce the revised composition of the Board and the Board Committees in due course.

Neil Kirton, Chairman of the Board of Directors commented: "Martin has been a hard-working, respected and valued colleague having served on the Audit and Risk, Management Engagement and more recently the Sustainability Committees. I would like to thank him for all his efforts on our behalf and wish him well for the future."

Separately, the Company announces that Simon Hope, currently Non-Executive Director of Warehouse REIT and Executive Chairman of Tilstone Partners, the Company's Investment Advisor, has been appointed Co-Managing Director of Tilstone Partners alongside Andrew Bird.  This follows Simon's move to an executive role at Tilstone Partners.

The Company is also pleased to announce that Tilstone Partners has appointed Jo Waddingham to the newly created role of Head of Corporate Affairs, Investor Relations & Sustainability. Jo spent 10 years in Investor Relations roles at British Land, latterly as Investor Relations and Corporate Sustainability Lead, and brings a wealth of experience to the wider Group.

Enquiries

Further information on Warehouse REIT is available on its website: http://www.warehousereit.co.uk

Notes

Warehouse REIT is a FTSE 250 UK Real Estate Investment Trust that invests in UK warehouses, focused on multi-let assets in industrial hubs across the UK.

We provide a range of warehouse accommodation in key locations which meets the needs of a broad range of occupiers.  Our focus on multi-let assets means we provide occupiers with greater flexibility so we can continue to match their requirements as their businesses evolve, encouraging them to stay with us for longer. 

We invest in our business by selectively acquiring assets with potential and by developing opportunities we have created. Through pro-active asset management we unlock the value inherent in our portfolio, helping to capture rising rents and driving an increase in capital values to deliver strong returns for our investors over the long term. 

Sustainability is embedded throughout our business, helping us meet the expectations of our stakeholders today and futureproofing our business for tomorrow.

The Company is an alternative investment fund ("AIF") for the purposes of the AIFM Directive and as such is required to have an investment manager who is duly authorised to undertake the role of an alternative investment fund manager ("AIFM"). The AIFM and the Investment Manager is currently G10 Capital Limited (Part of the IQEQ Group).

Forward-looking Statements

Certain information contained in these half-year results may constitute forward looking information. This information relates to future events or occurrences or the Company's future performance. All information other than information of historical fact is forward looking information. The use of any of the words "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "predict" and "potential" and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this announcement should not be relied upon. Forward-looking information speaks only as of the date of this announcement.

The forward-looking information included in this announcement is expressly qualified by this cautionary statement and is made as of the date of this announcement. The Company and its Group do not undertake any obligation to publicly update or revise any forward-looking information except as required by applicable securities laws.