Former Land Securities executive director Richard Akers took home the largest remuneration package from the UK REIT last year pocketing £2.6m.
According to LandSec’s annual report, Akers’ package outstripped that of chief executive Rob Noel, whose total remuneration dipped from £2.7m to total £2.3m in the 12 months to 31 March.
Akers’ final remuneration was boosted by a £378,000 cash bonus – significantly up from £205,000 the previous year – at the conclusion of his 20-year tenure with the firm, which tied in with the close of the financial year.
Chief executive Rob Noel’s £2.3m remuneration comprised a £694,000 base salary – up from £680,000 – and a £347,000 cash bonus, similar to the previous year’s £340,000. He takes home £1m less than rival REIT boss Toby Courtauld, who leads Great Portland Estates.
Bridget.O’Connell@estatesgazette.com
