Industry stars Charlie Maudsley and Tim Roberts are stepping down from British Land as executive directors and board members, as the landlord shakes up its leadership team.
The pair will leave their posts on 31 March, but will remain with British Land for a period of time “to ensure an effective transition”.
Roberts (pictured right) joined British Land in 1997 and was appointed to the board in 2006, since when he has been the head of offices.
Maudsley (left) joined British Land in 2010 and has been on the board since that time, most recently as the head of retail, leisure and residential.
Meanwhile, Darren Richards (below) has been named as head of real estate.
Richards joined British Land in 2005 and has been on the executive committee since 2014. He has held several leadership roles across teams including investment and retail.
In his new role, Richards will assume responsibility for leading a single real estate asset management and leasing team across both offices and retail.
He will remain a member of the executive committee.
Sally Jones, who joined British Land in 2010 as head of investor relations and has been on the executive committee since 2015, will take on an expanded role which includes investment and strategy as well as data and insights and the group’s smart technology initiatives.
Meanwhile, Emma Cariaga, head of operations, Canada Water, and David Lockyer, head of Broadgate Campus, will join the executive committee.
British Land said Roberts’ and Maudsley’s contribution to the business had been “wide ranging and significant”.
Chris Grigg, chief executive, said: “Both Tim and Charlie have delivered considerable value to British Land over an extended period. The board and I will miss their support and advice; we will also miss their energy, enthusiasm and wealth of property expertise and thank them for everything they have done for our business.
“Looking forward, we have a consistent and clear strategy to build an increasingly mixed-use business, establishing British Land as the specialist in mixed-use places.
“Bringing together the deep property expertise we have across both offices and retail into a single real estate team under Darren’s leadership is an important step as we continue to develop our business to reflect the fast-evolving demands of our customers and deliver our strategic goals.
“These changes also underline the considerable strength and depth of management talent that British Land has developed over the last few years.”
Maudsley has been responsible for a significant repositioning of the landlord’s retail portfolio. In his role he has led the acquisitions of several mixed-use assets, and a £2.8bn disposals programme, since 2014.
His main operational milestones include the refurbishment of Meadowhall and the formation of a data and insights function.
During Roberts’ time at British Land, he led the development of its London campuses at Broadgate, Regent’s Place and the transformation of Paddington Central, following its acquisition in 2013.
Roberts has also overseen the development and subsequent disposal of landmark office developments, most recently The Leadenhall building and 5 Broadgate.
Roberts said: “After leading the offices business for nearly 15 years, I have great pride in what the team has achieved and will leave the business in very good shape. All good things come to an end and I am looking forward to taking the next step in my career.”
Maudsley said: “I am very proud of what we have achieved at British Land; the business is set up for a fantastic future and this is the right time for me to find a new opportunity.”
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