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Changes to the board
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective Investment
Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real Estate Fund Managers
Limited (Registration number 1994/009895/06)
Share Code: SAC
ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
Resignation and appointment of Managing Director and further changes to the board of
directors
SA Corporate unitholders are advised that Gerhard Van Zyl has resigned as Managing Director of SA
Corporate. Rory Mackey currently Chief Operating Officer and alternate director to Gerhard, has
been appointed to the position of Managing Director with effect from 6 December 2012. Gerhard
will stay on as a non-executive director on the Board of SA Corporate. Furthermore, he will consult
to the Fund and will assume the chairmanship of the Investment Committee when the incumbent
retires at the next AGM.
John Biesman-Simons, acting Chairman said: “On behalf of the board, I would like to thank Gerhard
for his valuable input to SA Corporate Real Estate over the last few months and for the progress
made on our strategic objectives outlined to investors in August. We are delighted that he stays on
as a non-executive director and will continue to assist us in seeing these objectives through by his
participation in the Investment Committee and as an external consultant.”
On Rory Mackey’s appointment as Managing Director, Biesman-Simons added: “Rory has a deep
understanding of the property industry, particularly from his seven years at ACSA where he was
responsible for an extensive property portfolio including retail, office and industrial property
interests. He brings additional experience to the role from his exposure as a senior executive in Old
Mutual Investment Group’s infrastructure investment business.”
Cape Town
7 December 2012
Sponsor
Nedbank Capital
For further enquiries please contact:
College Hill Jacques de Bie 011 447 3030
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