A NEW chief executive officer has been appointed at the manager of Keppel DC Real Estate Investment Trust (Reit). : AJBU 0%

Loh Hwee Long will be replacing the current CEO Anthea Lee from Jul 28, said the Reit’s manager via a bourse filing on Thursday (Jun 1).

The 46-year-old Loh is currently overseeing data centre investments as chief investment officer at Keppel Corporation, a position he will relinquish after he takes over as the CEO of the Reit’s manager. He has been with Keppel Corporation for more than 10 years.

Before he joined Keppel, he oversaw investments in student housing and new market development at real estate company Mapletree Investments, as well as real estate investment at sovereign wealth fund GIC.

Christina Tan, chairman of the manager, said that the board will work closely with the outgoing and incoming CEOs to ensure a smooth transition.

“The board looks forward to working closely with Hwee Long to continue growing Keppel DC Reit and deliver sustainable value to all stakeholders. We would also like to thank Anthea for her contributions to the manager over the past eight years and wish her success in her future endeavours,” said Tan.

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In a separate bourse filing, Frasers Logistics and Commercial Asset Management (FLCAM), the manager of Frasers Logistics and Commercial Trust : BUOU 0%(FLCT), announced that Lee will be taking over its helm as CEO-designate.

She will be replacing its current CEO Robert Stuart Claude Wallace from Aug 14 this year.

In her role as CEO, Lee will oversee management, business direction and day-to-day management of the manager, and will be responsible for the execution of strategies and policies approved by its board.

She will also be working closely with its board and management team to ensure that FLCT’s business plans are implemented.

The manager had previously announced that Wallace will no longer be the CEO from Aug 1, but his tenure has now been extended by two weeks.

According to the filing, Lee has been in Reit management for the past 16 years under Keppel Group.

Ho Hon Cheong, board chairman of FLCAM, said that Lee is a “seasoned real estate veteran” with over 26 years of experience in the industry.

“With her experience spanning across asset classes and geographies, we are pleased to have Anthea join the FLCAM family to lead the continued growth and direction for our business. The board would also like to express its appreciation to Rob for his contributions, and we wish him the best in the next phase of his career back home in Australia,” said Ho.

Units of Keppel DC Reit closed 0.5 per cent or S$0.01 higher to S$2.10 on Thursday, while units of FLCT rose 3.2 per cent or S$0.04 to end at S$1.28.