Redefine's new boss wants to grow firm.

Posted On Tuesday, 15 April 2003 02:00 Published by eProp Commercial Property News
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Brian Azizollahoff, the current managing director of listed property loan stock company ApexHi Properties, has been appointed chief executive of listed hybrid property loan stock company Redefine Income Fund.

Brian AzizollahoffThe appointment takes effect from April 21.

Peter Penhall, Redefine's former managing director, is taking up a position with a property company in Dubai.

Azizollahoff, who has 16 years experience in the property industry, said his new appointment was a personal career move.

"It's nothing more ominous than that. I'm moving up in position from managing director of ApexHi to chief executive of Redefine, which offers me new challenges."

Azizollahoff said Redefine was a stable firm and his goal was to grow it and to ensure he added value to the benefit of shareholders.

Redefine is the only listed hybrid property loan stock company, deriving revenue from a portfolio of directly owned properties and a portfolio of listed property loan stock and property unit trust companies.

Azizollahoff said: "It will give me a broader horizon. Growth is one of my main tasks. The directly held property business is about renewals and maximising letting activity."

ApexHi closed 8c up at R7.45 yesterday while Redefine lost 3c to close at R2.95.

Last modified on Tuesday, 06 May 2014 10:39

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