Plaza Retail REIT Announces Appointment of Doug McGregor to the Board as A Trustee and Chairman
June 03, 2020 at 12:15 am IST
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The Board of Trustees of Plaza Retail REIT announced that Doug McGregor has been appointed to the Board as a trustee and Chairman. Mr. McGregor brings an impressive resume of experience in corporate finance and investment banking, recently having served as the Group Head, RBC Capital Markets and RBC Investor & Treasury Services, and Chairman and CEO of RBC Capital Markets, where he had global oversight of the firm's Corporate & Investment Banking and Global Markets activities and directly led the investment bank's real estate lending businesses. As Group Head of RBC Investor & Treasury Services, Mr. McGregor was also responsible for the business' custody, treasury and financing services for institutional clients globally.
Plaza Retail REIT (Trust) is a Canada-based open-ended real estate investment trust. The Trust is a developer, owner and manager of retail real estate located primarily in Ontario, Quebec and Atlantic Canada. Its portfolio includes interests in approximately 234 properties totaling approximately 8.8 million square feet across Canada and additional lands held for development. The properties are indirectly held by Plaza through its subsidiaries and through joint arrangements. Its portfolio largely consists of open-air centers and stand-alone small box retail outlets and is predominantly occupied by national tenants with a focus on the essential needs, value and convenience market segments. The Trust's portfolio consists of Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, and Quebec.