British Land (LSE:BLND) has confirmed that chief executive Simon Carter will step down from his role and exit the board after more than five years as CEO and a total of 18 years with the group. Carter will move on to become chief executive of European logistics property group P3 Logistics Parks.
The board plans to run a comprehensive succession process during Carter’s 12-month notice period. Chairman William Rucker praised Carter’s tenure, highlighting his role in strengthening the leadership team and building market-leading positions in London office campuses and retail parks. These assets continue to benefit from robust rental growth in supply-constrained markets, indicating that the company’s strategic direction is expected to remain consistent despite the upcoming leadership change.
From a market perspective, British Land Company plc continues to show solid technical momentum alongside attractive valuation metrics. Positive feedback from the most recent earnings call and recent corporate developments has supported confidence in the group’s strategy. That said, variability in financial performance and uneven cash flow generation remain key risks that management will need to address carefully.
More about British Land Company plc
British Land Company plc is a UK-focused commercial property company concentrated on sectors with strong underlying fundamentals, including London office campuses, retail parks and London urban logistics. The group owns or manages a £15.2bn property portfolio, with British Land’s share valued at £9.8bn as of 30 September 2025. Its long-term strategy centres on development, repositioning and active asset management, with an emphasis on delivering sustainable, high-quality places and long-term value for stakeholders.
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