Who is replacing Simon Carter at British Land?

British Land has announced they will begin a full process to hire a successor for Simon Carter.

What is P3 Logistics Parks?

P3 Logistics Parks is a developer and investor of logistics properties in Europe, backed by Singapore's sovereign wealth fund, GIC.

How did British Land perform recently?

British Land reported a 9.2% increase in rental income and an 8.4% rise in underlying profits in their latest interim results.

Home / Business and Economy / British Land CEO Carter Jumps to Warehouse Giant

British Land CEO Carter Jumps to Warehouse Giant

12 Jan

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Summary

Simon Carter resigns as CEO of British Land after five years.
He will lead P3 Logistics Parks, a developer backed by GIC.
British Land's rental income grew 9.2% in interim results.

British Land CEO Carter Jumps to Warehouse Giant

Simon Carter is set to depart from his role as CEO of British Land after a five-year tenure leading the FTSE 100 real estate firm. He will transition to become the CEO of P3 Logistics Parks, a European logistics property developer and investor backed by Singapore's sovereign wealth fund, GIC.

Carter, who has been with British Land for 18 years, expressed pride in the company's market-leading positions in London campuses and retail parks, which are experiencing significant rental growth. He believes the strategic decisions made post-pandemic have positioned British Land for sustained success.

British Land recently announced a 9.2% rise in rental income, attributed to like-for-like net rental growth and acquisitions. Underlying profits increased by 8.4% to £155 million, despite higher finance costs associated with development investments. Carter will serve his 12-month notice period while British Land initiates the process to find his successor.