New MAS CEO banks on firm’s change of direction


New MAS CEO banks on firm’s change of direction

The property company is shifting its attention from Western to Eastern Europe

Alistair Anderson

Werner Behrens has replaced Morne Wilken as CEO at MAS Real Estate just as the European invested company shifts its attention from Western to Eastern Europe. The company has been restructured over the past two years and is working with PKM Developments, which builds shopping centres and housing in Central and Eastern Europe. Many countries in these regions have not traditionally had regional and super-regional malls in the past. MAS will soon have exposure to Romanian shopping centres and residential schemes.

Why were you attracted to this role?

MAS is at an exciting stage of its investment case, with great potential to deliver superior growth in distributable earnings per share to its shareholders. For me, the opportunity came at the right time of my career and I believe that my skill set and multifaceted experience will contribute to the journey that MAS is embarking upon. The future of MAS contains substantial transactional elements with proper financial planning and discipline, whilst remaining uncompromising on sound governance. It also contains a huge element of people development and integration. These are the things that make me tick. I look forward to building the company through its next phases...

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