(Alliance News) - UK Commercial Property REIT Ltd on Monday said that Peter Gray will start his role as chair on July 31.

The UK-focused real estate investment trust had appointed Gray as chair-elect back in April, replacing Ken McCullagh.

Gray is chair of property developer Urban&Civic PLC and of boatyard company Premier Marinas Holdings Ltd.

UK Commercial Property REIT shares rose 1.7% to 49.21 pence each on Monday morning in London.

By Tom Budszus, Alliance News reporter

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