3rd Oct 2005 09:51
LIBERTY INTERNATIONAL PLC3 October 2005NEW MANAGING DIRECTOR TAKES UP APPOINTMENTKay Chaldecott, MRICS, has taken up the appointment as Managing Director ofCapital Shopping Centres ("CSC"), the UK's leading company specialising in theownership, management and development of regional shopping centres.Kay, who is also an executive director of CSC's parent company, LibertyInternational PLC, has been with the group since 1984 and has worked onmanagement and development projects for most of CSC's shopping centres. Mostrecently, as Asset Management Director, she was responsible for the overallasset management of the whole portfolio as well as leasing and retail mixissues for the development projects.Kay takes up the appointment following the retirement of John Abel from anexecutive role after 33 years with the group. John will continue as anon-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 whichhas grown the group's regional shopping centre interests nearly ten-fold from ‚£576 million at the end of 1993 to some ‚£5.5 billion today and, with hertremendous knowledge of the industry, is admirably qualified for the role ofCSC Managing Director."Commenting on her new role, Kay said:"I am delighted to have been asked to take on the role of Managing Director ofCSC and I look forward to working with the Board and management team to keepCSC at the forefront of the industry and to continue its strong track record ofgrowth."Enquiries:Margaret Harwood, Communications Manager, CSC +44 (0) 20 7887 7029 Further Information:Capital Shopping Centres ("CSC"), a wholly owned subsidiary of LibertyInternational PLC, is the leading company in the UK specialising in theownership, management and development of regional shopping centres. CSC owns 12completed regional shopping centres in the UK of which 9 are in the UK's toptwenty-five. These centres include 4 of the UK's regional out-of-town centres:Lakeside Thurrock; MetroCentre Gateshead; Braehead, Renfrew, Glasgow; and TheMall at Cribbs Causeway, Bristol (66% owned jointly with Prudential) and 8major in-town centres including Manchester Arndale (95% owned jointly withPrudential) and Chapelfield, Norwich, which opened in September 2005. Thecompany is engaged on a substantial development programme involving both newcity centre schemes in Cardiff and Oxford, and extensions to existing shoppingcentres. Overall, CSC owns over 10 million sq.ft. of retail space attractingover 210 million customer visits a year.ENDLiberty International plcRelated Shares:
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