Mr Long (left), who is also Chairman of Royal Mail, will start his new role following Countrywide’s annual general meeting in April, replacing the retiring Grenville Turner. He will work alongside Alison Platt, Chief Executive at Countrywide. He commented, “I am delighted to be joining the Countrywide plc board as Chairman and am looking forward to working with Alison and her team. The group has a clear focus on its customers as it executes its strategy and generates long-term sustainable shareholder value.”
Alison Platt, said, “On behalf of the Board, I would like to thank Grenville (right) for his dedication and significant commitment to the development of Countrywide during his tenure. As Chairman and previously as CEO, Grenville has been unwavering in his stewardship of Countrywide. Personally, he has been unstinting in his support and guidance for me and his counsel has been invaluable.
“I am pleased that Peter has accepted the role of Chairman and would like to welcome him to Countrywide. I and the entire Board look forward to working with him as Countrywide pursue its strategic objectives.”
Countrywide has released its latest monthly Lettings Index for January which reveals that average rents in the UK rose by 1.2 per cent to £906 a month year-on-year. While this represents the slowest increase in three years, average rents are 12 per cent above their pre-recession peak, reaching the highest level on record, led by growth in London.
Johnny Morris, Research Director at Countrywide said, “Nationally rents in January rose at the slowest rate since 2012, as some of the upward pressure on prices subsided and affordability limited further rises. Across most of London and the South East the slowdown in rental growth is the first since 2010, where rents have been growing for the past six years.”