TUHF CEO, Paul Jackson appointed to Divercity Urban Property Fund Board

Posted On Wednesday, 10 October 2018 16:54 Published by
Rate this item
(0 votes)

Paul Jackson has been appointed as a Member of the Board of Directors, effective 04 October 2018.

 PAUL-JACKSON

The decision to invite Jackson was unanimously supported by the Divercity Board in September 2018, and his appointment has been formalised subsequent to approval by the TUHF Limited Board. 

“Divercity has a unique mandate among South African property funds: it invests exclusively in inner-city urban regeneration with a focus on affordable rental housing. Given Mr. Jackson’s wealth of experience in financing urban renewal through TUHF, we believe his presence will significantly add to the strength of the Divercity Board and their ability to make the right strategic decisions as Divercity grows. Mr. Jackson will also serve as independent member of Divercity’s Investment Committee, where his intimate knowledge of affordable residential housing as an asset class will complement the depth of expertise this committee already has,” said the Board. 

Divercity’s property development pipeline includes more than 3,000 affordable residential units and office and retail space. The properties include Newtown Junction Mall, Talis House, Turbine Hall in Johannesburg, and the Pan Africa Mall in Alexandra.

Jackson has welcomed the appointment to the Board of Divercity.  “I am delighted to join the Divercity Board. Divercity’s property assets span a range of asset classes often in mixed use and mixed use income developments. I look forward to working alongside considerable property expertise on the Board.”

Paul Jackson has been TUHF’s CEO since inception in 2003 and has been involved in development finance since 1987. Prior to his appointment as CEO at TUHF, Paul held positions as senior operations manager at the JHC, general manager for the Transitional National Development Trust (TNDT) and divisional manager for southern Africa at the Development Bank of Southern Africa. Paul has held board directorships on the Mvula Trust, Alexander Social Housing Company, Brickfields Housing Company, Johannesburg Social Housing Company and Centre for Affordable Housing Finance.

Last modified on Wednesday, 10 October 2018 17:21
" "

Most Popular

Equites Property Fund to list on A2X

Jun 25, 2019
ANDREA TARVENA
Equites Property Fund Limited has been approved for a secondary listing on A2X Markets…

McCormick Property Development Celebrates the Opening of Katale Square

Jun 29, 2019
 JASON MCCORMICK
McCormick Property Development celebrated the launch of its 66th development with the…

New standard bank deal will make it easier for self-employed professionals to qualify for the mortgage bonds

Jul 03, 2019
 STANDARD BANK
Ever since the tightening of credit rulings in the South African economy which followed…

Hyprop reduces exposure to Africa and provides pre-close update

Jun 29, 2019
MORNE WILKEN
JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy…

Twin City to develop new R230m mall in Vryburg, North West

Jul 10, 2019
 TWIN CITY
The North West agricultural town of Vryburg is set to get its first enclosed shopping…

Please publish modules in offcanvas position.