Pacific Industrial & Logistics Reit Plc announced that, on 1 January 2017: Mr. Nigel Rich CBE will be appointed as non-executive chairman of the Company; and Mr. Mark Johnson, the co-founder of Pacific, will be appointed as a non-independent non-executive director of the Company. At the same time, Jonathan Gray will step down as chairman but shall continue to serve as a non-executive director of the Company. Nigel brings a wealth of Board experience, having operated across the globe in senior positions, most recently at Segro plc. Nigel served as the Chief Executive Officer of Trafalgar House from 1994 to 1996 and previously spent 20 years at the Jardine Matheson Group in Asia, serving as its Chief Executive from 1989 to 1994 and as a Managing Director of Jardine Matheson Holdings from 1989 to 1994. Mark Johnson is the CEO of Pacific which he co-founded in 1994 with Sir John Beckwith. Mark qualified as a lawyer before working in corporate finance at Barclays Merchant Bank and Barclays de Zoete Wedd.

The Directors have proposed paying an interim dividend of 3.0 pence per Ordinary Share in relation to the period from incorporation to 30 September 2016. The interim dividend will be paid by no later than 23 December 2016 to qualifying Shareholders on the register at the close of business on 25 November 2016 (which excludes, for the avoidance of doubt, any Ordinary Shares to be issued pursuant to the Placing and Subscription). The ex-dividend date will be 24 November 2016.