Anthony Taylor plans to step down as Head of Real Estate within a year.
Dubai, United Arab Emirates, 20 June 2023: ENBD REIT (CEIC) PLC (“ENBD REIT”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, announces the start of a leadership transition following the decision by Anthony Taylor to step down from his role as Head of Real Estate within a year.
Tariq Bin Hendi, Chairman of ENBD REIT, commented:
“On behalf of the whole ENBD REIT team, I would like to thank Anthony for his leadership over the past five years. During his tenure, he successfully bedded down an enlarged portfolio, navigated the impact of covid-19 and materially improved the quality of our assets.”
Anthony joined the real estate team as a Fund Manager in 2012 before taking over the role of Head of Real Estate in 2018.
Anthony Taylor, Head of Real Estate, said:
“I am proud of the many milestones we have achieved during my time with ENBD REIT and very grateful to all my colleagues, the board and committees for their support and dedication over the years. My focus in the year ahead is to identify and onboard my successor while ensuring ENBD REIT continues to perform positively in the current market conditions.”
For the year ended 31st March 2023, ENBD REIT’s Net Asset Value (“NAV”) rose 7.5% to USD 179 million with the portfolio value increasing 3.9% to USD 370 million year-on-year. The positive performance was supported by occupancy climbing to 88%, the highest level since 2018, on the back of strong leasing activity and improved asset quality.
