Press Office

HYPROP APPOINTS PIETER PRINSLOO AS CEO

02 March 2011

Leading retail property fund Hyprop Investments today announced the imminent appointment of Pieter Prinsloo as CEO. Prinsloo is a former CEO of Hyprop who resigned in 2009 to take up a position as managing director of a private property development company. This follows the announcement on Tuesday last week of Mike Rodel’s resignation from the Board. Prinsloo’s appointment is effective 1 May 2011.

Hyprop Chairman Michael Aitken says: “We have acted quickly to fill the CEO position to ensure that Hyprop remains on even footing notwithstanding the change in leadership. Pieter is the ideal candidate to spearhead the soon-to-be enlarged property fund following the conclusion of the proposed Attfund transaction. His previous seven year tenure as Hyprop CEO means that he will require a minimal initial period of integration. In addition, he is a seasoned asset manager with more than 20 years of property and commercial experience which will significantly benefit Hyprop going forward.”