Sep 14, 2004
Slough Estates reorganises Continental European business
Slough Estates plc, a leading provider of flexible business space, today announced the reorganisation of its Continental European operations. Slough's European business will be run from Paris by a newly created role of Managing Director, Europe. Previously Slough Estates' three businesses in Belgium, France and Germany, reported separately to Dick Kingston, the Chairman of Europe, who is based in London.
Walter Hens, who previously headed Belgium, is moving to Paris and will take up the new position as Managing Director, Europe. He will take control of the day to day management in Continental Europe and will report to Dick Kingston.
Walter Hens will have each Country Head reporting to him: Udo Titz will continue to head up Germany, the company will be seeking a new country head of Belgium and a new team will be established in Paris as David Fahie, who has represented Slough Estates as its consultant in the Paris market, will be leaving the group by the end of the year. Simon Hollins will head European Development, dividing his time between Slough Estates' existing European business and developing business in new territories across Europe.
Ian Coull, Chief Executive of Slough Estates, commented. " At our interim results two weeks ago we stated that we planned to grow our established position in Continental Europe, as we see good opportunities for expanding our base in industrial, logistics and suburban office markets across Europe. To meet these ambitions Slough needed to streamline the management process and the appointment of Walter Hens as Managing Director, Europe based in Paris will enable us to be more responsive to the opportunities in the market."
For further information contact:
Slough Estates plc
Ian Coull, Chief Executive
Dick Kingston, Finance Director:
Tel: 01753 537171
Shared Value Limited
Andrew Best
Emily Bruning
Tel: 020 7321 5022 / 5027
Slough Estates is a leading provider of flexible business space in business parks in Western Europe and North America, with over 1700 customers occupying 2.9 million square metres of business space, with a total value of £3.6 billion. Slough Estates' properties are in suburban locations in close proximity to the main business centres, where there is long term demand for business accommodation to serve these key economic regions. The company's main activities are currently based around London, Brussels, Paris, Düsseldorf, San Francisco and San Diego and the company continues to develop new business parks with the long term objective of building shareholder value and enhancing its reputation for quality buildings offering excellent value to customers.
www.sloughestates.com