Balanced Commercial Property Trust Ltd - Board Composition - Appointment of and resignation of a director
17 January 2024 - 8:16PM
PR Newswire (US)
Date:
17 January 2024
LEI Number:
213800A2B1H4ULF3K397
From:
Balanced Commercial Property Trust
Limited
Board Composition – Appointment of and
resignation of a
director
The Board is pleased to announce the appointment of
Karima Fahmy as an independent
non-executive Director of the Company with effect from 19 January
2024.
Karima is a corporate lawyer with extensive
experience of the UK property market. During her executive career,
she worked at Grosvenor Group ("Grosvenor"), the international
property group, latterly as General Counsel until 2020. Prior to
Grosvenor, Karima worked at Hogan Lovells, the global law firm,
advising both listed and unlisted
companies.
Karima is also a non-executive Director of The PRS
REIT plc which focuses on highquality, new-build family homes for
the private rental
market.
The Board of the Company also announces the
resignation of Hugh Scott-Barrett as
a non-executive Director with effect from 23
February 2024. As announced by the Company on 11 January 2024, Hugh has been appointed as Chair
Designate of Irish Residential Properties REIT plc
("I-RES"), becoming Chair with effect from the
publication of I-RES’s 2023 results scheduled for 23 February
2024. Given the significant increase in time commitment that
appointment will involve, he has decided that now is an appropriate
time to step down as a non-executive Director of the
Company.
Paul Marcuse, the Chair of the Board,
commented:
"The Board would like to thank Hugh for his
considerable contribution to the Company and wise counsel over
recent years. We wish him the best in his new role. The Board
is delighted to welcome Karima as a non-executive Director, who has
considerable experience in the property sector, and we look forward
to working with her."
Other than as set out in this announcement, there is
no information that is required to be disclosed pursuant to LR
9.6.13R.
All enquiries
to:
The Company Secretary
Northern Trust International Fund Administration
Services (Guernsey) Limited
Trafalgar Court
Les Banques
St. Peter Port Guernsey
GY1 3QL
Tel: 01481 745324
Fax: 01481 745051
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