UK: BTR developer and operator Grainger has appointed a new chair designate to succeed Mark Clare, whose nine-year tenure will end in February 2026.
Simon Fraser is being appointed as an independent non-executive director with effect from 1 October 2025 and will also join the board’s committees.
Fraser will stand for election at the 2026 AGM and, if elected, will become chair of the board and Nominations Committee with effect from the end of the 2026 AGM.
Fraser brings significant real estate and investment experience and more than 13 years of FTSE board experience with two prominent REITs – SEGRO and Derwent London.
Between 2015 to 2021, he was senior independent director at Derwent London Plc. He was also on the board of Legal & General Investment Management from 2015 to 2024 and Lancashire Holdings Ltd from 2013 to 2023. Prior to his retirement from executive roles in 2011, Fraser worked at Bank of America Merrill Lynch where he was managing director and co-head of corporate broking.
Helen Gordon, chief executive of Grainger, said: “We are very pleased to welcome Simon Fraser to the board. Simon has a deep understanding of both the real estate investment market and the global capital markets. With Grainger’s excellent operational track record in a strong, growing market, Simon’s experience will help us continue on our plans to deliver compounding earnings growth as we enter our first financial year as a REIT.”
Fraser added: “I am very excited to be joining Grainger which is a great business with some even greater prospects.”
Highlights:
• Grainger has appointed a new chair designate to succeed Mark Clare, whose nine-year tenure will end in February 2026
• Simon Fraser is being appointed as an independent non-executive director with effect from 1 October 2025 and will also join the board’s committees
• Fraser brings significant real estate and investment experience and more than 13 years of FTSE board experience with two prominent REITs – SEGRO and Derwent London
