Balanced Commercial Property Trust Ltd Board Composition - Appointment of and resignation of a director

 
TIDMBCPT 
 
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: [phone] 
Fax: [phone] 
 
 
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END 
 
 

(END) Dow Jones Newswires

January 17, 2024 04:16 ET (09:16 GMT)