The Board thanks him for his valuable contribution since joining the board. Linked unitholders are further advised that the asset management and property management of the Company's portfolio will continue to be undertaken by the same team that has managed this portfolio prior to it being transferred to Rebosis

Over the last few months, the team has significantly been bolstered with the appointment of Gary Fourie, previously from Investec, as Chief Investment Officer, Gaby Sithole, previously from Growthpoint, as Asset Manager and head of retail operations and Oratile Refiloe Mosetlhi, previously from PIC, as Asset Manager and head of office and commercial operations.

"We thank Mike for his contribution and wish him well for the future," CEO Sisa Ngebulana commented.

"Our strategy remains unchanged – there is a lot of new talent and experience in the team. We will continue to deliver good capital and distribution growth by diligently managing the portfolio and pursuing great acquisition opportunities that fit our investment criteria."