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TORONTO, July 10, 2017 /CNW/ - Inovalis Real Estate Investment Trust (the "REIT") (TSX: INO.UN) Mr. Stéphane Amine, Chairman of Inovalis REIT announced today, the appointment of Mr. Michael Lagopoulos as an independent member of the Board of Trustees of the REIT. Mr. Lagopoulos has also been invited to be a member of the Audit Committee. "We are fortunate to have been able to recruit a person of Michael's calibre to collaborating with Michael and benefit from his many years of experience as a senior executive with a public company in the financial services industry." commented Mr. Amine.
With this announcement, the Board has been increased in size to eight members, with seven being independent and unrelated to management.
About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria. The REIT current owns an interest in twelve office properties in France and Germany, comprising approximately 1,290,000 square feet of gross leasable area (taking into account the interests in the properties owned in joint ventures).
SOURCE Inovalis Real Estate Investment Trust
For further information: David Giraud, Chief Executive Officer, Inovalis Real Estate Investment Trust, Tel: 011 33 1 56 43 33 23, [email protected]; Anne Smolen, Chief Financial Officer, Inovalis Real Estate Investment Trust, Tel: 011 33 1 56 43 33 14, [email protected]