Balanced Commercial Property Trust Ltd. announced the appointment of Karima Fahmy as an independent Non-Executive Director with effect from 19 January 2024. Karima is a corporate lawyer with extensive experience of the UK property market. During her executive career, she worked at Grosvenor Group. Before Grosvenor, Karima worked at Hogan Lovells, the global law firm, advising both listed and unlisted companies.

Karima is also a non-executive Director of The PRS REIT plc which focuses on high-quality, new-build family homes for the private rental market. The board of the company announced the resignation of Hugh Scott-Barrett as a non-executive Director with effect from 23 February 2024. As announced by the company on 11 January 2024, Hugh has been appointed as Chair Designate of Irish Residential Properties REIT plc, becoming Chair with effect from the publication of I-RES?s 2023 results scheduled for 23 February 2024. Given the significant increase in time commitment that the appointment will involve, he has decided that now is an appropriate time to step down as a non-executive Director.