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Directorate changes and appointment of new Chief Executive Officer (“CEO”)
INVESTEC PROPERTY FUND LIMITED
Approved as a REIT by the JSE
Registered in the Republic of South Africa
Reg. no: 2008/011366/06)
Share code: IPF ; ISIN code: ZAE000155099
(“Investec Property Fund” or “the Fund”)
Directorate changes and appointment of new Chief Executive
Officer (“CEO”)
Shareholders are advised that Mr Samuel R Leon, having
served on the board of the Investec Property Fund since
its successful listing on 14 April 2011, as CEO will
relinquish his role as CEO with effect from 31 March
2015, and assume the role of Non-Executive Deputy
Chairman. Sam will continue to be a member of the Funds
Investment Committee, however will resign from the Funds
Social and Ethics Committee.
In advance of Sam’s change in responsibilities, the board
is pleased to announce the appointment of Mr. Nick Riley
as CEO to the Fund, with effect from 1 April 2015. Nick
will also be appointed to the Social and Ethics
Committee.
Nick (35) joined the Fund on 1 April 2014, as part of the
Funds executive management team. Prior to joining the
Fund, Nick spent 9 years in Investec Corporate Finance,
where he was a senior investment banker responsible for a
number of Investec’s key client relationships, including
holding responsibility for all clients within the real
estate sector. Nick has an in depth knowledge of the real
estate sector and the capital markets in which it
operates through the execution of a combined value of R70
billion in real estate transactions during his time as an
investment banker. Nick is a qualified CA (SA), CFA, PLD
(Harvard).
The Funds chairman, Sam Hackner, commented: “The board
would like to thank Sam for his invaluable contribution
to the growth and success of the Fund, and is pleased to
retain his wealth of expertise and knowledge in his new
role. We are pleased to welcome Nick to the board and
look forward to benefiting from his experience and future
contribution to the growth in value of the fund.”
Sandton
28 January 2015
Sponsor
INVESTEC BANK LIMITED
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