21st Sep 2006 10:28
Alpha Pyrenees Trust Limited21 September 2006 For publication in the United Kingdom only. Not for release, publication ordistribution in or into any other jurisdiction including the United States,Canada, Australia, South Africa, the Republic of Ireland or Japan. 21 September 2006 Alpha Pyrenees Trust Limited ("Alpha Pyrenees" or the "Company") Director's Announcement The Company announces in accordance with Listing Rule 9.6.14, that on 21September 2006, Serena Tremlett, a Director of the Company, has resigned fromthe Board of The Medical Property Investment Fund Limited. For further information please contact: Phillip Rose, CEO, Alpha Real Capital 020 7591 1609 John O'Malley, Kinmont 020 7493 8488 Notes: ABOUT ALPHA REAL CAPITAL Alpha Real Capital is a value-adding international property funds managementgroup with operations in both the French and Spanish real estate markets. AlphaReal Capital was established by Phillip Rose and Sir John Beckwith. Phillip Rose has 25 years' experience in the real estate, funds management andbanking industries in Europe, the USA and Australasia. He has been Head of RealEstate for ABN AMRO Bank, Chief Operating Officer of European shopping centreinvestor and developer TrizecHahn Europe (where he was responsible for a €1billion European investment and development programme from 1999-2000), ManagingDirector of Lend Lease Global Investment where, during his tenure from 1994 to1999, he was responsible for managing European property investments andExecutive Manager of listed fund General Property Trust. He is currently anon-executive director of Great Portland Estates and a member of the ManagementCommittee of the Hermes Property Unit Trust. Sir John Beckwith has been involved in property investment and other investmentfor his entire working life. He founded London & Edinburgh Trust PLC ("LET") in1971 where he was Chairman and Chief Executive Officer and developed it into oneof the top ten listed real estate companies in the UK. Following the sale ofLET, he established Pacific Investments through which he founded a number ofsuccessful asset management businesses, including Liontrust Asset Management andThames River Capital. Alpha Real Capital is the Investment Manager to Alpha Pyrenees. Alpha RealCapital's European Funds Director, Paul Cable, is Fund Manager, Alpha PyreneesTrust. Paul Cable has 25 years experience in the real estate and bankingindustries in the UK, Europe and the Far East and has been responsible for SirJohn Beckwith's property investment activities in France and Spain for the lastsix years. Further information is available at www.alpharealcapital.comincluding contact details for Alpha Real Capital's UK, French and Spanishoffices. ABOUT ALPHA PYRENEES Alpha Pyrenees is a Guernsey registered closed-ended investment companyinvesting in French and Spanish commercial real estate. Investment Strategy Alpha Pyrenees' strategy is to invest in a diversified portfolio of propertiesin Spain and France, focusing on commercial property in the industrial,logistics, office and retail sectors. Alpha Real Capital believes that therewill be capital growth opportunities in the portfolio through income growth,active asset management and yield compression. Directors The Directors of the Company, all of whom are non-executive, are responsible forthe implementation of the investment policy of the Company and the overallsupervision of the Group's activities. The Board consists of: Richard Kingston (Chairman) Christopher Bennett David Jeffreys Phillip Rose Serena Tremlett This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Alpha Group International