KCR Residential REIT Plc
KCR:LN
Overview
Company Profile
KCR Residential REIT's objective is to acquire and manage a substantial rented residential property portfolio in the UK that generates both income flow and capital appreciation for Shareholders. The Company intends to prioritise the acquisition of special purpose vehicles containing one or more residential properties as this structure has inherent benefits for the REIT.
Classification
Financials
Corporate
Board of Directors
James Cane
Finance Director
James has been a chief executive and finance director in both listed and private equity-backed businesses, including at Ashley House plc, a quoted developer of doctors' surgeries and health centres. James is the finance director of Anglo African Oil & Gas plc. He was a non-executive director of the Lambeth Building Society until its sale to the Nationwide in 2006, and the chief financial officer of 8 Miles LLP, a private equity firm managing a fund to invest in buyouts across Africa. He was group chief accountant at Westminster Health Care plc, an operator of over 140 care homes and psychiatric hospitals, during the 1990s and managing director of its diagnostic imaging division. James has operated a financial and management consultancy business for nearly forty years. He has advised a number of national and international private-equity firms on strategy, fundraising, marketing and business development. James is a director of The Queen's Club, a leading UK racquet sports club, and chairs its finance committee. He also sits on the finance committee of the Royal Academy of Dance. James was a trustee of the UK's longest-established drama school, LAMDA (the London Academy of Music and Dramatic Art) for nine years until 2017 and chaired its finance committee. He was also an affiliate governor of the Conservatoire for Dance and Drama, an umbrella organisation for eight leading UK dance, circus and drama schools, and sat on its finance committee. He is a fellow of the Institute of Chartered Accountants in England and Wales.
Dominic White
Chief Executive
Dominic is a member of the Institute of Chartered Financial Analysts and is a Chartered Surveyor who has more than 24 years’ experience in the investment sector, working in real estate private equity, real estate investment management. During his career, he has held a number of Board level investment positions at international institutions such as Security Capital European Realty, Henderson Global Investors and Cordea Savills Investment Management. Dominic has acquired and managed more than £3bn of property assets in the UK and Europe across multiple real estate sectors including residential, in funds, joint ventures, corporates and numerous regulated entities. He has operated in both public and private capital markets. Dominic has held Board executive and non-executive roles at public companies, including Limitless Earth plc and, Energiser Investments plc.
Michael Davies
Non-Executive Chairman
Michael brings to KCR Residential REIT almost thirty years' experience as a finance professional, working in a range of markets, including real estate in the UK and abroad. Michael has been providing strategic advice on London capital markets and restructurings for over twenty years, having joined Morgan Grenfell in 1983 before spending seventeen years at UBS Group AG, latterly as head of Group Mergers and Acquisitions. Since leaving UBS in 2006, Michael has focused on providing independent advice, assistance and investment to start-ups and small businesses. He is a founding partner of DGSs Capital, a London-based corporate adviser. Michael trained and qualified as a chartered accountant with KPMG in London and is a graduate of Cambridge University.
Timothy James
Property Director
Tim has more than 35 years of experience in the UK property market. He founded AIM listed Gander Holdings Plc and helped grow and manage its property portfolio to over 300 residential properties by the time it was sold in 1999, with a property portfolio worth over £100 million. Tim has since been very active in projects in the London property market, working on a number of investment, refurbishment and redevelopment projects across the capital. Earlier in his career, Tim was a director of a leading residential estate agency based in west London for over twenty years. Tim has created and managed a number of residential property investment companies, including Business Expansion Schemes (BES) on behalf of public and private shareholders.
Oliver Vaughan
Non-Executive Director
Oliver has significant experience in the capital markets and with AIM companies. He is an entrepreneur with over 35 years of experience in various international businesses, specifically in the property, leisure, financial services, investment and technology sectors. He has been chairman of a number of public companies. He was the founder in 1997 and a director of what became The Evolution Group Plc until retiring from the Board in 2006. Oliver was chief executive of Gander, one of the first 15 companies to join AIM and which subsequently moved to the main market, from 1994 until its sale in 1999 and was a director of Wembley Plc from 1989 to 1990. In 1966, Oliver co-founded Juliana’s Holdings plc, which they built into one of the leading worldwide leisure chains. The company was floated on the London Stock Exchange in 1983 and sold to Wembley plc in 1989.