Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

British Land CEO to step down

(Sharecast News) - The chief executive of The British Land Company is leaving to head up a pan-European logistics firm after five years in the role, it was announced on Monday. Simon Carter, who has been at British Land for a total of 18 years, is to join P3 Logistics Parks as chief executive following a 12-month notice period.

P3 invests and develops warehouses across Europe and is owned by GIC, Singapore's sovereign wealth fund. Carter will be based in London, however.

Carter, 50, said: "British Land has been a huge part of my professional life, and it has been a privilege to work for such a fantastic business.

"The contrarian calls we made post-pandemic have positioned British Land for long-term success."

Chair William Rucker said Carter had achieved "a huge amount" during his time at British Land. "We wish him all the best in his new role at P3," he added.

Carter joined the commercial property specialist in 2004, working in various roles across strategy and corporate finance before leaving in 2015 to become chief financial officer of Quintain Estates & Development.

He re-joined the business as chief financial officer in 2018 before taking up the top role in 2020.

British Land, which specialises in London campuses, retail parks and urban logistics and was promoted to the FTSE 100 in December, said it will now start a "full process" to appoint his successor.

Its portfolio is currently valued at around £15.2bn.

Share this article

Related Sharecast Articles

Deutsche Bank downgrades B&M, Wickes, Currys and Dunelm
(Sharecast News) - Deutsche Bank downgraded a host of UK retailers on Friday, saying the biggest debate right now is whether we are in the "calm before the storm" with regards the inflationary impact on consumer spending and retailer margins or whether we are creating a "storm in a teacup".
Deutsche Bank downgrades B&M, Wickes, Currys and Dunelm
(Sharecast News) - Deutsche Bank downgraded a host of UK retailers on Friday, saying the biggest debate right now is whether we are in the "calm before the storm" with regards the inflationary impact on consumer spending and retailer margins or whether we are creating a "storm in a teacup".
BoE's Bailey says above‑target inflation tolerable for now amid Middle East uncertainty
(Sharecast News) - Bank of England governor Andrew Bailey said on Friday that allowing inflation to sit above the central bank's 2% target was justified for now, given the uncertainty created by the Iran war and the UK's weak growth backdrop.
Dell surges as AI boom drives record revenue growth
(Sharecast News) - Dell Technologies posted its strongest revenue growth since returning to public markets on Thursday, comfortably beating Wall Street expectations and sending shares as much as 39% higher in extended trading.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.