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Michael Georgiou exits Accelerate Property Fund after opposition
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Michael Georgiou exits Accelerate Property Fund after opposition
Accelerate Property Fund, a Johannesburg Stock Exchange-listed Real Estate Investment Trust (REIT) partly owned by South African property mogul Michael Georgiou, has parted ways with its longtime board member and former chief executive, after shareholders rejected his bid to return to the board.At the company’s annual general meeting on Oct. 15, more than 97 percent of shareholders rejected Georgiou’s reappointment to the board. The outcome ends…
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