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

Attacq Ltd and Tricolt break ground on Ellipse Waterfall

Aug 30, 2019
 13 2
Today Attacq Ltd the JSE listed REIT developing Waterfall City, and Waterfall Logistics…

Tshwane Regional Mall Grand Opening date set

Aug 31, 2019
  TSHWANE REGIONAL  MALL
24th October 2019, the long-awaited day earmarked for the grand opening of Tshwane…

Eris Property Group appoints successive CEO Barend de Loor

Aug 30, 2019
 BAREND DE LOOR
Eris Property Group has appointed a new Chief Executive Officer (CEO). Barend de Loor…

Redefine Properties appoints Daisy Naidoo as independent non-executive director

Aug 30, 2019
 STRATE 1
Redefine Properties appoints Daisy Naidoo as independent non-executive director.

Cap Rates and Property Values - Is it time for a more significant move?

Aug 19, 2019
FNB John Loos
A few months on from the May general election, a somber mood is once again settling in in…

Please publish modules in offcanvas position.