08 February 2017
London
Reporter: Stephanie Palmer
Changes in the ranks at Capital & Regional
UK-focused retail real estate investment trust Capital & Regional has appointed Lawrence Hutchings as chief executive, amid a shake-up of senior leadership.

Hutchings will replace Hugh Scott-Barrett, who is becoming non-executive chairman. Scott-Barrett takes the place of John Clare, who has announced he will be retiring this year.

Clare is stepping down as non-executive chairman after seven years in the role, while Scott-Barrett has held the chief executive position for almost nine years.

All of the new positions are effective as of 13 June.

Hutchings joins Capital & Regional from Blackstone in Australia, where he was managing director. Before this, he worked at the likes of Hammerson PLC and Henderson Global Investors.

He brings over 20 years of experience in the property industry, including in the UK and European real estate markets.

According to Capital & Regional, the changes are intended to balance the introduction of new talent with industry experience.

Tony Hales, senior independent director of Capital & Regional, commented: “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.”

Hutchings commented: “Capital & Regional is a highly entrepreneurial and well-regarded business with a strong track record of delivering accretive asset management and development initiatives. The company also has a great portfolio which offers many opportunities and I am extremely excited to have the opportunity to lead the company as it enters its next phase of growth.”

Clare said: “It has been a great privilege to have been Chairman of Capital & Regional at a time of significant change. I wish both Lawrence and Hugh every success in their new roles.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Barings Real Estate appoints Marco Court in Italy expansion
28 April 2017 | Milan | Reporter: Theo Andrew
In his new role, Corti will be responsible for increasing investment and asset management in the country
COIMA board appoints independent directors
28 April 2017 | Milan | Reporter: Theo Andrew
The appointments mean seven out of nine board members are now independent
Heimstaden expands Copenhagen portfolio for €118 million
27 April 2017 | Copenhagen | Reporter: Theo Andrew
Haimstaden currently has a number of projects underway in Copenhagen, including the Bjerglandsbyen development
New director of self-storage at W.P. Carey
27 April 2017 | New York | Reporter: Theo Andrew
Boulter joins from Wasatch Storage Partners, where he was vice president of business development
PGIM debt fund raises over £1 billion
27 April 2017 | London | Reporter: Theo Andrew
The fund raised more than 80 percent of the capital in the nine months following the UK’s vote to leave the EU in June
WELPUT fund sell £135 million London office
26 April 2017 | London | Reporter: Theo Andrew
The deal, made on behalf of Schroder’s West End of London Property Unit Trust (WELPUT) fund, reflects a net initial yield of 3.96 percent
Clifford Chance promotes Matt Taylor to real estate partner
26 April 2017 | London | Reporter: Theo Andrew
Taylor has been in the real estate arm of Clifford Chance for the past 10 years, joining the law firm in 2005 as a trainee solicitor