Frasers Property UK, a member of Singapore-listed Frasers Centrepoint Limited (“FCL”, or together with its subsidiaries, the “Group”), has this week appointed Ilaria del Beato as its Chief Executive Officer.
Ms del Beato brings with her nearly 30 years of real estate and finance experience, most recently as CEO of GE Capital UK. Ms del Beato has deep connections within the United Kingdom’s (the “UK”) property and capital markets and a proven track record in building teams and growing businesses.Commenting on Ms del Beato’s appointment, Mr Panote Sirivadhanabhakdi, Group CEO of FCL said, “The UK is a market that FCL is very familiar with, having operated here for over 15 years.
“We have every confidence in the UK’s long-term prospects, and have recently invested over GBP860 million to acquire four business parks in Thames Valley and a business park in Glasgow. These investments complement our existing residential and central London commercial operations, bringing our portfolio of property assets in the UK to over GBP1 billion.
“We are now looking to Ms del Beato to consolidate our platform in the UK and continue building our business for the long-term,” concluded Mr Sirivadhanabhakdi.
FCL has a diversified platform in the United Kingdom with over GBP1 billion1 of property assets spread across the business park, commercial and residential sectors. The Group’s hospitality business also owns and/or manages around 3,000 units of hotel rooms and serviced apartments in the UK under the brands Fraser Suites, Fraser Place, Fraser Residences, Malmaison and Hotel du Vin.