- Sipho Vuso Majija has terminated his appointment as a non-independent, non-executive director;
- The Board has approved the appointment of Steven Brown as a non-independent, non-executivedirector of the Company;
- The Board has approved the appointment of Sipho Vuso Majija to act as an alternate director to Steven Brown.
Steven Brown will also serve as a member of the following committees of the board: Investment Committee, Risk Committee and Social and Ethics Committee.
Brown has a strong background within the property industry, commencing as a listed property analyst in 2008 for Corovest. Following this, he joined Standard Bank’s Global Markets division in the equity derivatives finance team and thereafter joined the South African real estate division focusing on structured lending and equity transactions. Since 2013, Steven Brown has been involved with a number of listed real estate companies focusing on deal origination and structuring. Brown currently acts as Chief Executive Officer and Managing Director of Fortress REIT Limited, a company that he joined in December 2015, following the acquisition by Fortress REIT Limited of Capital Property Fund.