Directorate
Change
17 June 2024
The British Land Company plc
("British Land") announces that Bhavesh Mistry, Chief Financial
Officer ("CFO"), has informed the Board of his intention to step
down from his role as CFO and Executive Director of British Land to
become CFO of Kingfisher plc.
Bhavesh will remain in his current
role while a replacement is found and to ensure an effective
transition of his responsibilities. He has a 12 month notice period
and a date for his departure will be agreed. A search for a new CFO
is underway and a further announcement will be made in due
course.
Simon Carter, CEO of British Land, said: "I'd like to thank Bhavesh for his significant
contribution in the past three years over which time we have
allocated capital well, controlled costs and positioned the balance
sheet to seize the opportunities that are now emerging."
This announcement was made in
accordance with the requirements of 9.6.11 of the UK listing
rules.
-ENDS-
Investors
Sandra Moura, British
Land
07989 755 535
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.