Shaftesbury Capital PLC has announced the appointment of Madeleine Cosgrave. She will join as an independent Non-Executive Director. This appointment will be effective from August 1, 2024.
Madeleine Cosgrave’s Impressive Background
Cosgrave is a seasoned chartered surveyor. She has held significant positions in the property sector. Most notably, she was Managing Director and Regional Head of Europe at GIC Real Estate from 2016 to 2021.
Her career at GIC began in 1999. Prior to GIC, she held roles at JLL. Her work at JLL included valuation, fund management, leasing, and development in London and Sydney.
Current Roles and Responsibilities
Cosgrave currently holds multiple positions. She is a Non-Executive Director at Land Securities Group PLC. She also serves as an independent member of the CBRE IM EMEA Investment Committee. Additionally, she is a senior advisor to ICG Real Estate.
Cosgrave is also involved in mentoring roles. She mentors at IntoUniversity and GAIN (Girls Are Investors).
Committee Memberships
Upon her appointment, Cosgrave will join several committees at Shaftesbury Capital. These include the Audit, Remuneration, and Nomination Committees.
Comments from the Chairman
Jonathan Nicholls, Chairman of Shaftesbury Capital, expressed his enthusiasm. He stated, “We are delighted to welcome Madeleine to Shaftesbury Capital. Her extensive experience and knowledge of the property sector will be a valuable asset to the Board.”
Shaftesbury Capital’s Profile
Shaftesbury Capital is a leading central London mixed-use Real Estate Investment Trust (REIT). It is a constituent of the FTSE-250 Index.
Property Portfolio
The company’s property portfolio is valued at £4.75 billion. It extends to 2.9 million square feet of lettable space. The properties are located in vibrant areas of London’s West End, including Covent Garden, Carnaby, Soho, and Chinatown.
Portfolio Breakdown
| Location | Type of Property | Value (£ Billion) | Square Feet (Million) |
|---|---|---|---|
| Covent Garden | Mixed-use | 1.5 | 0.9 |
| Carnaby | Retail and Residential | 1.0 | 0.8 |
| Soho | Commercial and Retail | 1.25 | 0.7 |
| Chinatown | Cultural and Retail | 1.0 | 0.5 |
Accessibility
These properties are close to major West End Underground stations. They are also near transport hubs for the Elizabeth Line.
Conclusion
The addition of Madeleine Cosgrave to the Shaftesbury Capital Board is a strategic move. Her extensive experience in the property sector will enhance the company’s leadership. This appointment is set to benefit Shaftesbury Capital’s strategic goals and operations significantly.