British Land CEO Simon Carter is stepping down after a successful 18-year tenure, marking a significant chapter in the company's history. Carter's leadership has been instrumental in shaping British Land's future success, with a focus on a strong management team and a robust London office campus and retail park platform. The company is now on the hunt for a new CEO, with a 12-month notice period in place.
Carter's departure comes after a strategic shift post-pandemic, with the company making 'contrarian calls' that have positioned it for long-term success. Despite the timing, British Land is in a strong position, with market-leading positions in London campuses and retail parks, both benefiting from strong rental growth in supply-constrained markets.
In a heartfelt statement, Carter expressed his gratitude for the opportunity to work for British Land, a company that has been a significant part of his professional life. He praised the Board, Executive Committee, and colleagues for their support and execution of the company's strategy over the past five years. Carter also highlighted the company's achievements, including the establishment of a strong management team and the development of a robust London office campus and retail park platform.
As Carter embarks on a new chapter, British Land is poised for continued success, with a strong foundation and a talented team in place. The company's future looks bright, and the search for a new CEO is expected to be a seamless transition, ensuring the preservation of the company's vision and values.
