The board of directors of Fairvest Property Holdings Limited announced that, in light of the retrenchment of Adam Marcus by New Star Asset Management Proprietary Limited, prior to the internalization of Fairvest's asset management function, Adam has resigned as an alternate director to Darren Wilder and as a member of the company's social and ethics, and investment committees with effect from 1 October 2021, from which date he will also cease in his role as chief operating officer.