– UK, Manchester – The PRS REIT (LON: PRSR), the closed-ended real estate investment trust that invests in high-quality, newly built family homes in the private rented sector, today announced the appointment of Karima Fahmy to its Board as an Independent Non-Executive Director effective immediately.
Karima Fahmy will also join the Audit Committee and Management Engagement Committee.
The Company also announced that Jim Prower will resign from the Board after the next AGM.
About Karima Fahmy
Karima Fahmy is a corporate lawyer with extensive experience in the UK property market. This encompasses investment, development, and management of all property tenures, including residential. During her executive career, she worked at Grosvenor Group, the international property group, and later as General Counsel until 2020. She was a member of Grosvenor’s UK Executive Committee and was involved in all aspects of Grosvenor’s property business, advising on a range of ventures, including new community schemes and placemaking projects. Before Grosvenor, Karima worked at Hogan Lovells, the global law firm, advising both listed and unlisted companies.
Karima holds two other non-executive directorships in the property sector. She is a Non-executive Director of Latimer Developments Limited, the development arm of the Clarion Housing Group, the UK’s largest housing association, and a Trustee of Clarion Futures, Clarion Housing Group’s charitable foundation. She is also a Non-executive Director of BCP FuturePlaces Limited, the urban regeneration company created by Bournemouth, Christchurch, and Poole Council. In addition, Karima is an Independent Board Member of the University of Cambridge Property Board and a Non-executive Director of Bournemouth University. She is a trustee of United Learning Trust, a schools group, and trustee of Great Ormond Street Hospital’s Children’s Charity, where she is also a Member of its Property & Development Committee.
About The PRS REIT plc
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company has an investment of over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government’s Homes England has supported the Company with direct investments. On 2 March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange’s premium segment of the Main Market. Now comprising over 5,000 build-to-rent homes, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.
For more information: https://www.theprsreit.com/
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