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Pacific REIT appoints INDOS

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The AIFMD depositary, INDOS Financial, has been appointed depositary by Pacific Industrial & Logistics REIT plc, a newly incorporated property investment company recently launched on the AIM market of the London Stock Exchange. 

Pacific REIT invests in UK based industrial and logistics properties with a view to delivering attractive dividends and capital returns to its shareholders. The investment strategy is focused on smaller single let industrial and logistics properties in key geographical locations servicing high quality tenants.
 
Bill Prew, CEO of Indos, says: “We were delighted to be appointed as depositary by Pacific REIT. Our combined experience of real estate, private equity and trading funds has enabled Indos to develop an efficient and pragmatic depositary solution for this dynamic asset class. This represents another significant milestone in establishing our reputation as a versatile provider of efficient and professional depositary services across multiple asset classes.”
 
Richard Moffitt, Non-Executive Director of Pacific REIT, says: “We selected Indos because we were looking for an independent depositary with the breadth of experience to support the fund’s specialised asset class. Indos took a proactive and flexible approach, working closely with us to meet the launch deadline”.

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