Brussels, October 18

Serge Grzybowski, Chairman and Chief Executive of French listed real estate company Icade, is to become Chairman of the European Public Real Estate Association (EPRA) from March 2014. He replaces recently appointed Chairman Gerard Groener, CEO of Dutch-based Corio, who has decided to step-down from the position with immediate effect due to pressing business commitments within the company.

In the interim period, Philip Charls, CEO of EPRA, will be supported by David Atkins, CEO of Hammerson, who was the previous EPRA Chairman.

Philip Charls said: "I fully understand and respect Gerard Groener's decision. Gerard agreed to take-up the role in March this year and his company commitments have evolved since, which means he would not have been able to allocate the time to the EPRA Chair that the post requires. I am very pleased, however, that our current Vice-Chair Serge Grzybowski is able to assume the chairmanship from March next year and I look forward to working closely with him as EPRA enters the greatest expansion period in the association's history."

ENDS

Note to editors:
About EPRA
The European Public Real Estate Association - is the voice of the publicly traded European real estate sector. With more than 200 active members, EPRA represents over EUR 250 billion of real estate assets and 90% of the market capitalisation of the FTSE EPRA/NAREIT Europe Index. Through the provision of better information to investors, improvement of the general operating environment, encouragement of best practices and the cohesion and
strengthening of the industry, EPRA works to encourage greater investment in listed real estate companies in Europe.

For more information please contact:
Dominic Turnbull, Head of Communications, EPRA: +32 (0)2 739 1010.
Email: d.turnbull@epra.com

THIS PRESS RELEASE WAS ISSUED BY EPRA

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