Property investor RDI REIT said it had appointed Gavin Tipper as its new chairman following Greg Clarke's decision, announced in December, to step down.

Tipper was an existing non-executive director of the company, having joined the board in 2011.

He was previously chief operating officer of Coronation Holdings and was currently chairman South African groups Hyprop Investments and AVI.

At 8:15am: (LON:RDI) RDI REIT PLC share price was +0.03p at 35.28p