Charter Hall Retail REIT appoints Mr Michael Gorman as Independent Non-Executive Director

Charter Hall Retail REIT (ASX: CQR) today announced the appointment of Mr Michael Gorman as an Independent Non-Executive Director of the Responsible Entity for CQR, Charter Hall Retail Management Limited. Mr Gorman’s appointment will take effect from today.

Mr Gorman was identified for the position following a search conducted on behalf of the Charter Hall Group and CQR Boards. CQR is undertaking an orderly phase of Board renewal.

Mr Gorman brings more than 30 years’ extensive experience in both real estate and the public equity and debt markets.

In his 11 years with Novion Property Group, an ASX top 50 entity, and its predecessors, Mr Gorman held a number of executive positions including Deputy Chief Executive Officer, Chief Investment Officer and Fund Manager. In these roles Mr Gorman was directly responsible for raising several billion dollars in equity on the Australian Securities Exchange and corporate bonds in the domestic and US markets.

Most recently, Mr Gorman was appointed Non-Executive Director of GPT Funds Management Limited, the Responsible Entity of the GPT wholesale unlisted funds platform.

Mr Gorman is a Graduate Member of the Australian Institute of Company Directors, a Fellow of the Australian Property Institute and a Fellow of the Royal Society of Arts.

CHRML Chairman, John Harkness said he was pleased to welcome Mr Gorman to the Board following a comprehensive search and looked forward to his contribution:

“Michael is one of the most highly regarded real estate professionals and has strategic operations experience at both a board and executive level. With more than 30 years’ experience, Michael’s expertise extends to the investment in and master planning, management and development of large retail real estate assets, particularly large shopping centres. His extensive experience in governance and risk management will be invaluable as we undertake value enhancing redevelopments, ensuring CQR continues its focus on strengthening and improving the quality of its portfolio. The Board and I look forward to working with Michael and take this opportunity to welcome him".