CEO Today United Kingdom Awards

www.ceotodaymagazine.com 100 CEO Today United Kingdom Awards 2018 REAL ESTATE RICHARD TANNER Managing Director of AEW UK REIT Plc FIRM PROFILE FUND STRATEGY The Company currently exploits what it believes to be the compelling relative value opportunities offered by pricing inefficiencies in smaller commercial properties let on shorter occupational leases in strong commercial locations across the United Kingdom. The Company will undertake active asset management to improve the quality of income streams and maximise value. FUND OBJECTIVE AEW UK REIT plc invests in, and intensively asset manages, a diversified portfolio of small, high yielding commercial properties across the UK. The investment objective is to deliver an annualised 8 pence per share dividend and an attractive total return from investing predominantly in a portfolio of smaller commercial properties in the United Kingdom. In order to achieve its investment objective, AEW UK REIT plc invests in freehold and leasehold properties across all sectors of the commercial property sector (office properties, retail warehouses, high street retail, industrial/warehouse and alternative properties) to achieve a balanced portfolio with a diversified tenant base, providing attractive, risk adjusted total returns. Launch date May 2015 Fund Structure AEW UK REIT plc (the “Company”) is a real estate investment trust. It is listed on the premium listing segment of the Official List of the UK Listing Authority and the shares are traded on the Main Market of the London Stock Exchange. OUR STRATEGY The Company exploits what is believes to be compelling relative value opportunities offered by pricing inefficiencies in smaller commercial properties let on shorter occupational leases. The Company supplements this core strategy with asset management initiatives to upgrade buildings and thereby improve the quality of income streams. OUR PERFORMANCE The Company has paid 2 pence per share dividend for each quarter since January 2016. In order to align dividend payments with the Company’s new accounting period, in respect of the 3 month period to 31 October 2017, the Company currently intends to pay a dividend of 2 pence per share and then, in respect of the 2 month period to 31 December 2017, it currently intends to pay a further dividend at a rate of two-thirds of the 2 pence per share dividend currently being paid for a three month period (reflecting the 2 month period since the previous dividend payment). From March 2018 the Company anticipates resuming quarterly dividends with dividends declared in January, April, July and October of each year. The Directors will declare dividends taking into account the level of the Company’s net income and the Directors’ view on the outlook for sustainable recurring earnings. As such, the level of dividends paid may increase or decrease from the current annual dividend, which is 8 pence per share, over the 12 months ending 30 April 2017. Based on the current market conditions the Company expects to pay an annualised dividend of 8 pence per share in respect of the financial period ending 31 March 2018 and for the interim financial period to 30 September 2018. ABOUT RICHARD TANNER Richard is Managing Director and Chair of AEW UK’s Investment Committee with responsibility for defining and implementing AEW’s strategy in the UK. Since launching AEW’s first UK focused fund in 2012, he has overseen in excess of £1.4 billion of UK real estate transactions and brings 28 years of real estate investment management experience to AEW. He was head of investment strategy and managing director of the UBS UK real estate team which he joined in 1994. Richard was responsible for the development and portfolio management of seven real estate funds across Europe totalling £3 billion, ranging from super core to value add. Richard is a Chartered Surveyor (MRICS). “Since launching AEW’s first UK focused fund in 2012, he has overseen in excess of £1.4 billion of UK real estate transactions and brings 28 years of real estate investment management experience to AEW.”