Pricoa - Appointment - Jolly to be non executive chairman

Date: 25 Apr 2000

Christopher Jolly, currently Head of Corporate Banking at Commerzbank AG, has been appointed non-executive Chairman of First Sloane Street Limited, the holding company of Hemingway Properties which is owned by PRICOA Property PLC ("PRICOA").

Christopher Jolly has extensive experience in corporate and merchant banking, property finance and investment, having worked with SG Warburg (director), Societe Generale (Deputy Chief Executive), and Daiwa Europe Bank (Deputy Chief Executive). He is also a non-executive director of Granchester Holdings PLC.

Hemingway Properties plc was acquired by PRICOA's merchant banking division, PRICOA Property Private Equity Limited ("PPPE") in 1999 and was the company's first UK public to private acquisition. The Hemingway Group owns a £284m asset portfolio comprising office, retail and industrial properties.

Commenting, PPPE's managing director, Jonathan Short said: "Chris, with his City experience, connections and deep knowledge and understanding the UK property sector, will be a great asset to First Sloane Street. He has a clear and unjaundiced view of the property market, and we look forward to the invaluable advice that he will bring to the business."

Christopher Jolly added: "PRICOA is renowned as one of the clear leaders in property management and investment in the UK and Europe. Hemingway Properties is an exciting and far sighted business, and I look forward to working with them to build on their success."

Related website: Pricoa

Where do I go now?: » View the latest news items » View the news archive » Subscribe to Weekly Property Newsletter » Submit news