Daryl Myers, co-CEO of Investec, resigns

Daryl Myers, CEO of REIT, will be stepping down as co-CEO of the REIT effective the end of November 2022. Myers will also be stepping down from the Board of Directors.

Joint CEO Andrew Waller – who has held that position since 2018 – will continue as the sole CEO, starting in December.

Investec Property Fund owns several retail, office, industrial and mixed-use developments in Gauteng and KwaZulu-Natal, including the Copperleaf Golf Estate in Centurion as well as the Toyota Distribution Center in Kempton Park.

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“This leadership shift comes at a time when the fund’s operating business, domestic and international asset portfolio and balance sheet are in a strong position following the challenges that the real estate sector has faced over the past two years,” the fund said in a statement. .

“The Director and Board of Directors thank Daryl for his dedication and contribution to achieving the strategic goals of the Fund, as well as for the time and effort spent in imparting his knowledge and skills to all of his colleagues.”

However, Myers will remain in an advisory position, where he will focus on developments, retailer participation and acquisition activity, the fund said.

“The Board of Directors is pleased that Daryl’s wealth of real estate experience will continue to be available to the Fund in its new advisory role.”

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