Squire-Howe appointed to Ingenuity board

Posted On Tuesday, 06 April 2010 02:00 Published by eProp Commercial Property News
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Property doyen Rodney Squire-Howe has been appointed as an independent non-executive chairman and director of the board of property investment company, Ingenuity Property Investments Ltd

Ingenuity Property InvestmentsCurrently a director of various investment and property companies, Squire-Howe was the co-founder of the Spire Property Services Group of which he is still chairman, and chief executive of the listed Paramount Property Fund which assembled a substantial property and development portfolio throughout South Africa before it was acquired by Growthpoint Properties in 2007.

Prior to that Squire-Howe held both executive and director positions in the Norwich Life financial services and insurance group, involved primarily in the financial asset management and property companies of this group. During a 15-year tenure as managing director of the property company, he was responsible for the development and management of a prime property portfolio throughout South Africa.

Squire-Howe said that he had tremendous respect for Ingenuity CEO Arnold Maresky who had been a “very valuable member of the Paramount Property Fund team and I look forward to working with that team again”.

“He has also put together in Ingenuity a remarkable parcel of assets during difficult times and there is no doubt these assets have the potential for significant enhancement once the economy picks up and I look forward to playing a part in this,” he said.

Ingenuity’s core strategic focus is to acquire and develop properties within the Western Cape region and its portfolio is currently valued at around R550m and includes the Santam Head office building in Tygervalley which it inquired in October 2008 for R180m and 1 Dock Road, formerly known as  the Curry and CMH  buildings in the CTICC zone of the CBD which it owns jointly with Redefine and where a R700m redevelopment is planned.

Last modified on Tuesday, 28 January 2014 12:09

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