One of the UK’s longest open-ended property funds, Patrizia Hanover Property Unit Trust, has appointed former PWC partner John Forbes to the Hanover board as a non-executive director.
Forbes (pictured), who spent more than 25 years at PwC leading its real estate industry practice before leaving to set up his own firm in 2013, brings a wealth of experience to Patrizia Hanover.
Alongside running his own consultancy business, Forbes has held NED positions at UBS Triton, Urban Splash Residential Fund and Ginkgo.
Mischa Davis, fund director at Patrizia Hanover, said: “John’s valuable experience in the real estate industry is highly sought-after. His vast knowledge will enhance the governance of the fund and drive even more value for our investors.”
Forbes said he hoped to be able to “contribute towards the fund’s continued success in what is an admittedly challenging market” through the new position.
Launched in 1967, Patrizia Hanover has a net asset value of more than £500m, with flagship assets such as Westcott Venture Park in Aylesbury and the 385-acre Thorp Arch industrial estate in Wetherby.
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