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New chairman for Kiwi Income

NZPA

Wednesday 13th July 2011

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Sean Wareing is retiring as a director and chairman of Kiwi Income Properties, the manager of Kiwi Income Property Trust.

He will be replaced, after the August 18 annual meeting, by professional Sydney-based director Mark Ford who joined the board of the trust manager as an independent director in May.

Ford is non-executive chairman for Cbus Property, and non-executive director for the manager of China Commercial Trust.

Before becoming a professional director, Ford was head of DB Real Estate Australia, where he managed over $A10 billion ($NZ12.3 billion) in property funds, as well as overseeing the listing of two property trusts, the acquisition of the AXA Australia property business, the purchase of Paladin, and the merger of the Deutsche and Paladin trusts.

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