04 April 2023

ENBD REIT Announces New Appointment to its Investment Committee

Dubai, United Arab Emirates, 04 April 2023: ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, is pleased to announce the appointment of James Cresswell to its Investment Committee with effect 1 April 2023. James replaces Sophie Llewellyn who is stepping down.

James is a Chartered Surveyor with over 20 years international sector experience. He started his career in the UK working for leading real estate consultancies before moving to the UAE in 2010. Since then, he has held senior roles including at CBRE and as a Partner and Head of Commercial Valuation for Cavendish Maxwell before co-founding Allanton Group, a boutique firm providing development, investment and asset management solutions focused on the UK market. He holds a BA(Hons) in Business Studies, a MSc in Estate Management and is a Member of the Royal Institution of Chartered Surveyors (MRICS) since 2004.

James joins Khalid Al Fahim and Christopher Seymour, who have been members of the Investment Committee since 2017 and brings a wealth of sector experience including around complex valuation work across asset classes. In line with governance processes, James’ appointment, and the reappointment of Khalid and Christopher, are subject to shareholder approval at the next Annual General Meeting.

Tariq Bin Hendi, Chairman of ENBD REIT, commented:

“On behalf of the Board, I would like to thank Sophie for her guidance and support since joining ENBD REIT’s Investment Committee in 2017 and welcome James to the company. His extensive real estate expertise and strong valuation background is perfectly suited for the Investment Committee, and I look forward to his contribution.

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