Holmes Investment Properties Plc (HIP) New Executive Management Team Announced
Holmes Investment Properties Plc (HIP) can announce that Martin Helme, Chief Executive Officer, has left his role and the Board of the company with immediate effect.
The Board have launched a new Management Team. James Holmes has been appointed as Managing Director of HIP responsible for strategy. The opportunity to have a significant shareholder directly within the management of the business was important to the Board.
The Board have appointed Michael Simmonds as Chief Executive Officer. Michael was previously Chief Operating Officer for the Company and has been responsible for fund raising.
Michael Simmonds is an ex-British Army Soldier, having served five years with the Royal Corps of Signals as a Systems Engineer. Michael has spent the last 14 years in the finance industry. In 2004, he started as a mortgage adviser and has since developed expertise in the property finance sector, namely commercial, development and structured finance running his own businesses since 2008.
Martin Eberhardt, Chairman, says: “In the last three months the management team has been refreshed and revamped to give the Company a clearer focus on growth and shareholder value. Michael’s background is financing properties and knows the Company well.”
Enquiries:
HIP Plc
Martin Eberhardt, Chairman martin.e@hipplc.com
Yellow Jersey
Charles Goodwin 07825 916 715
Georgia Colkin hip@yellowjerseypr.com
Abena Affum
Notes to Editors
Holmes Investment Properties Plc
Holmes Investment Properties Plc (Berlin: J16), a UK property investment company focused on the leisure sector, listed on the Berlin Stock Exchange in 2011.
Through its subsidiaries, UK Adventure Parks Ltd and HIP Entertainment Properties, HIP plans to work with leisure operators to source plots of land, acquire sites under option agreements, gain planning consents, build the leisure centre site to the operator’s specification and maximise their returns, against a pre-agreed long-term lease with an agreed yield.
As the leisure market continues to grow, along with the number of leisure centres in the UK, HIP intends to partner with fast growing companies, aiming to develop a minimum of 12 leisure centres over the next 5-6 years, significantly enhancing the Company’s balance sheet.
