Former Emira CEO Geoff Jennett joins Heartwood Properties board
Geoff Jennett has been appointed a nonexecutive director of Heartwood Properties, a commercial property development and investment company listed on the Cape Town Stock Exchange and soon to be listed on the A2X as well.
Jennett is the former CEO of JSE-listed real estate investment trust (Reit) Emira.
He has 35 years’ experience in financial management, strategic planning and organisational leadership and spent almost 11 years at Emira, including a short stint as CFO, before stepping into the CEO role in September 2015.
His significant achievements at Emira included facilitating its conversion from a collective investment scheme to a Reit; investment in US power centre retail real estate (in the US, a power centre refers to a large outdoor retail shopping centre); the acquisition and ultimate delisting of Transcend Residential Property Fund; and generating significant liquidity through targeted asset disposals.
He also oversaw an investment in the DL Invest Group in Poland.
“Geoff brings a wealth of property, strategy and business experience to the table and we’re delighted to welcome him on board. Investor sentiment in the sector is improving and his experience in financial direction and leadership roles and strong focus on positive team dynamics are invaluable as we move into our next phase,” says Heartwood Properties CEO John Whall.
Heartwood Properties has a R325-million pipeline for developments in the Cape Town area over the next 14 months.
“I’m thrilled to have joined the Heartwood Properties board and to contribute my expertise, insights and independent advice on a nonexecutive director level. I look forward to offering mentoring and strategy consulting as part of the company’s strong focus on governance,” Jennett says.
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