McKay Securities plc, the only UK REIT specialising exclusively in the South East and London office and industrial markets, has further strengthened its board with the promotion of Tom Elliott to executive director with effect from April 1.
Elliott joined Reading-based McKay in September 2016 as property director following 11 years with Land Securities Group, most recently as head of investment, London. This experience gained at a leading FTSE100 REIT combines expertise in investment strategy, transactions, asset management and development. Prior to his role at Land Securities, Elliott qualified as a chartered surveyor whilst working for Knight Frank.
This senior appointment is accompanied by the announcement of the following non-executive board changes and responsibilities, marking the conclusion of the succession planning undertaken by McKay over recent years.
Viscount Lifford will retire from the board and its committees in September. Jon Austen, who joined the board in July 2016 and is currently chief financial Officer of Audley Court and former group finance director of Terrace Hill plc and Urban&Civic plc, will succeed Viscount Lifford as senior independent director with effect from April.
Additionally, Jeremy Bates will succeed Nigel Aslin as chairman of the nomination committee. As previously announced, Aslin will retire from the board and its committees in May.