The Board of IRP Property Investments Ltd. announced that the resolutions relating to the recommended proposals in relation to the acquisition of the business and assets of ISIS Property Trust Limited. The Board is therefore confirmed that, following the passing of the resolutions at the general meeting of IPT, the company will acquire the business and assets of IPT in consideration for the issue of new shares to IPT shareholders. Following completion of the merger Graham Harrison, Vikram Lall and Michael Soames were appointed as directors of the company and Christopher Spencer and Giles Weaver have resigned from the Board.

These changes to the Board have effect from April 11, 2013. The Board now comprises six directors and Quentin Spicer will remain as Chairman.