Town Centre Securities (TOWN)

Sector:

Property Investment Trusts

Index:

FTSE Fledgling

87.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 232.00
  • 52 Week Low: 81.50
  • Currency: UK Pounds
  • Shares Issued: 53.07m
  • Volume: 20,423
  • Market Cap: £46.17m

Town Centre Securities picks up Manchester Airports Group's Lynda Shillaw

By Josh White

Date: Tuesday 21 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Leeds, Manchester, Scotland and London property investor and car park operator Town Centre Securities announced the appointment of Lynda Shillaw as its new property director on Tuesday, to join the board on 5 November.
The London-listed firm said its existing property director Richard Lewis would retire as planned from the board and the company.

It said Shillaw was joining Town Centre Securities from Manchester Airports Group, where she served as the divisional chief executive officer of property since June 2014.

She was a member of the MAG executive committee, responsible for the airport operator's £525m Investment portfolio and 1,000 acre development land bank across its UK airports, and also its interest in the £1bn Airport City joint venture.

Prior to MAG, Shillaw was director of real estate at Scottish Widows Investment Partnership, managing director and global head of corporate real estate for Lloyds Banking Group, managing director of Co-Operative Estates, and director of property at BT.

She held non-executive director positions on the board of the Crown Estate and VIVID housing association.

Town Centre said Richard Lewis had a "long and distinguished" career at the firm, having joined the Company in 2000 and appointed to the board in 2001.

"We are delighted to have recruited someone with the calibre and reputation of Lynda Shillaw to join Town Centre Securities," said chairman and chief executive officer Edward Ziff.

"We believe that Lynda's breadth of investment and development experience, combined with her past involvement in real estate financing will be invaluable as we embark on the next stage of the company's growth, including undertaking the most significant development pipeline in TCS's history.

"We are confident that Lynda's passion for delivery combined with her reputation and knowledge will make her a powerful new addition to the TCS team."

Ziff also personally thanked Lewis for his "long-standing commitment" to Town Centre Securities.

"Richard's contribution has been invaluable, notably with some of our most significant schemes, beginning with the construction and sale of No1 Whitehall Riverside in Leeds, the continued development of Piccadilly Basin in Manchester, and most recently the re-development of Merrion House in Leeds.

"We wish Richard a long, happy, and healthy retirement."

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TOWN Market Data

Currency UK Pounds
Share Price 87.00p
Change Today -0.50p
% Change -0.57 %
52 Week High 232.00
52 Week Low 81.50
Volume 20,423
Shares Issued 53.07m
Market Cap £46.17m

TOWN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.81% above the market average57.81% above the market average57.81% above the market average57.81% above the market average57.81% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Price Trend
89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average89.6% below the market average
94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average
Income
27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average27.57% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
74.76% below the market average74.76% below the market average74.76% below the market average74.76% below the market average74.76% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
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TOWN Dividends

  Latest Previous
  Final Interim
Ex-Div 03-Dec-20 28-May-20
Paid 05-Jan-21 26-Jun-20
Amount 1.75p 3.25p

Trades for 23-Oct-2020

Time Volume / Share Price
15:28 1,590 @ 85.66p
13:51 5,621 @ 88.34p

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