Capital & Regional makes director appointment

UK shopping centre real estate investment trust (REIT) Capital & Regional has appointed Panico Theocharides as a non-executive director.

Joining on February 22, Theocharides replaces the outgoing George Muchnaya as one of fellow REIT Growthpoint’s nominees.

Theocharides, who recently joined Growthpoint as head of investments, has over 20 years of experience in the real estate sector, having spent the majority of his career working in the Johannesburg Stock Exchange listed real estate sector.

Theocharides has worked as an independent property consultant for the last five years, and has also previously held roles as head of property advisory for corporate finance at Investec in South Africa, as well as joint chief executive of Annuity Properties, where he helped list the firm on the Johannesburg stock exchange.

Panico Theocharides said: “Capital & Regional’s strategy of focusing on dominant urban community shopping centres positions it well to both meet the needs of the local neighbourhoods it serves and deliver returns for shareholders. I believe the Company is well placed to continue to take advantage of changing retail habits and navigate the UK macro environment.”