REG - British Land Co PLC - Change in Senior Management

British LandAnnouncement

24/09/2024 07:00

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RNS Number : 3275F  British Land Co PLC  24 September 2024

 

British Land appoints Kelly Cleveland as Head of Real Estate and Investment

New role will combine two key parts of British Land's business following
Darren Richards' departure

24 September 2024

British Land announces that Kelly Cleveland, currently Head of Strategy and
Investment, has been appointed to a new combined role of Head of Real Estate
and Investment.

Darren Richards, Head of Real Estate, has resigned from his role and is
leaving British Land to join LondonMetric Property PLC as Chief Investment
Officer.

Since Kelly joined British Land in 2011 she has progressed through the
business, working across investment, strategy and treasury before joining the
Executive Committee in 2020 and taking on her current position as Head of
Strategy and Investment in 2022. Kelly will take on her new role in
mid-October.

Simon Carter, Chief Executive, said: "Aligning our asset management, leasing
and investment activity has become ever more important as we actively recycle
capital and seize the opportunities emerging in our markets. Kelly has a
wealth of real estate experience, leading key transactions such as the sale of
our Meadowhall stake earlier this year and our joint venture partnerships with
the likes of Allianz and AustralianSuper. She has also been instrumental in
growing our presence in retail parks as we have doubled down on this
attractive sub-sector.

"I'd like to take this opportunity to thank Darren for his unwavering support
and significant contribution to the business over nearly twenty years and wish
him the very best in his new role."

-ENDS-

Investors

 

Lizzie King, British Land
 
07808 912 784

 

Media

 

Charlotte Whitley, British Land
                                         07887 802 535

 

About British Land

British Land is a UK commercial property company focused on real estate
sectors with the strongest operational fundamentals: London campuses, retail
parks, and London urban logistics. We own or manage a portfolio valued at
£13.0bn (British Land share: £8.7bn) as at 31 March 2024.

Our purpose is to create and manage Places People Prefer - outstanding places
that deliver positive outcomes for all our stakeholders on a long term,
sustainable basis. We do this by leveraging our best in class platform and
proven expertise in development, repositioning and active asset management.

We have both a responsibility and an opportunity to manage our business in an
environmentally and socially responsible manner. Our approach to
sustainability is focused on three pillars: Greener Spaces, Thriving Places
and Responsible Choices.

Read more about us at www.britishland.com (http://www.britishland.com) .

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