Capital & Regional, the UK-focused retail property REIT, has appointed Lawrence Hutchings, formerly of Blackstone, as chief executive.
Hutchings replaces Hugh Scott-Barrett, who will become non-executive chairman following the retirement of John Clare. The changes take effect as of 13 June 2017.
'Lawrence Hutchings not only brings a deep understanding of UK retail from his senior management roles at both Hammerson and Henderson Global Investors but a real passion for the sector,' commented Tony Hales, senior independent director. 'His skills and expertise, together with his experience at Blackstone, will be very valuable for the future growth of Capital & Regional, building on the significant momentum achieved by the company over the past few years.'
Hutchings joins following four years with Blackstone in Australia, of which two as managing director. Prior to Blackstone, he was at Hammerson for four years, the last three as managing director – UK retail, before which he spent almost seven years at Henderson Global Investors, latterly as director of European retail.
