New chair and director for RED fund
RED fund has a new chairman in Catharine Walter and a new director in Libby Burne.
The changes of the board of the Channel Islands real estate developer come after Andrew Haining stepped down as chairman and director having held the position since RED fund was established in 2018.
‘Andrew’s leadership was invaluable as we established the fund with a focus on commercial and residential property development opportunities and we thank him for his time, leadership and counsel. He hands over the chair role to Catharine Walter who has nearly 35 years’ property industry experience. Libby Burne joins Paul Bell and Paul Turner on the board and we welcome her two decades of real estate experience,’
said Andy Taylor, head of real estate at Ravenscroft, which is investment manager to RED fund.
‘Having made a number of significant acquisitions over the last two years, there are now a number of exciting plans for the sites owned by RED fund, which will deliver a return to investors and provide high quality commercial and residential developments for the benefit of the islands, local businesses, islanders and the economy.’
Mrs Walter is a director of Walter Property Limited, a family owned property investment company based in the Channel Islands, and also serves as a director on a number of other property development and investment companies in Guernsey and Jersey. She is also a non-executive director and chairman of two Guernsey-based property funds with assets in the UK.
‘It is an exciting time to become chair of RED fund following a busy two years of acquisitions and I am delighted to have such a strong board to lead the fund forward,’ she said.
Prior to becoming a non-executive director, Mrs Burne, who is a Fellow of the Association of Chartered Certified Accountants, was an audit director and head of real estate at PwC CI LLP where she worked with global clients on strategic, financial, risk and corporate governance matters.
‘I hope my experience in real estate will prove to be an asset to RED fund and my fellow board members. The sites already acquired are diverse and we have a busy few years ahead of us as we unlock their true potential,’ she said.