british Land CEO Simon Carter to Lead P3 Logistics Parks
Simon Carter, current Chief Executive of British Land, will be stepping down to take the helm of P3 Logistics Parks, a European logistics properties investor and developer backed by Singapore’s sovereign wealth fund, GIC.British Land, a FTSE 100 real estate company with a £9.8 billion portfolio encompassing offices, mixed-use developments, and retail parks, announced the move on Monday.
Carter will serve a 12-month notice period before transitioning to his new role as CEO of P3 logistics Parks. He has led British Land since 2020, navigating the company through the challenges of the Covid-19 pandemic and subsequent interest rate increases.
In a statement, Carter highlighted the success of strategic investments made during the pandemic, specifically in retail parks, which he believes have positioned British Land for sustained growth. He noted the company’s strong market position in London campuses and retail parks, both benefiting from robust rental growth amidst limited supply.
This is a developing story and further details are expected as the transition progresses.
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