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SPH Reit management appoints Allen & Gledhill partner as non-executive ID
THE management of SPH real estate investment trust (SPH Reit) on Wednesday said that it has appointed Hoo Sheau Farn as an independent non-executive director to its board. The appointment took effect today.
Rachel Eng, a veteran in the legal sector, will step down as an independent non-executive director of SPH Reit from today. Ms Eng was appointed to the board of SPH Reit in December 2015.
Ms Hoo, 52, is a partner at Allen & Gledhill. Her areas of practice include real estate investment trusts (Reits), property acquisitions, property investments and leasing.
She has advised Reits and property funds on acquisitions of properties in Singapore and the region such as office units and buildings, commercial buildings and healthcare buildings. She has worked with multinational corporations on the acquisition and leasing of commercial and industrial buildings, as well as with government-linked corporations on property acquisitions and divestments.
She will be a member of the audit and risk committee, as well as the nominating and remuneration committee.
Ms Hoo said: “I would like to thank the SPH Reit board for their appointment and the opportunity to contribute to the growth of SPH Reit. Despite the challenging retail climate and evolving consumer expectations, we have well-positioned and strategically located malls that boost our long-term sustainability. As we seek further asset enhancement initiatives and expansion, SPH Reit will only grow from strength to strength."
Leong Horn Kee, chairman of the board of SPH Reit management, said: "I would like to welcome Sheau Farn on board. With her wealth of experience and expertise in advising Reits and property funds on acquisitions of properties, she will be an asset to SPH Reit. We look forward to working with her to enhance and grow our portfolio.”
Dr Leong also thanked Ms Eng for her years of commitment and contributions to the board.