BMO Real Estate Investments Limited announced that on 31 March Vikram Lall, Chairman of the Company would be stepping down from the Board later this year. In light of the change in Lead Manager and retirement of Rebecca Gates as a director, the Board feel it would be appropriate for Vikram to continue as Chairman beyond this period to ensure a smooth transition of responsibilities and provide continuity for shareholders. A process to find Rebecca Gates replacement has commenced and an update will be provided in due course.