Simon Carter is to return to British Land as chief financial officer, replacing Lucinda Bell who will step down with immediate effect.
Carter, who was previously head of strategy and a member of the executive committee at British Land, is currently the chief financial officer of Logicor, a role he has held since last January.
During his time at the logistics giant, China Investment Corporation bought the company for €10.8bn (£12.3bn) in what was the biggest deal ever in European real estate.
Before Logicor, he was finance director of Quintain for an active 18 months. Two months after he joined in May 2015, Lone Star made an approach to take the company private. It completed the £745m deal in October 2016.
He also led its £800m refinancing a month later that saw Wells Fargo, AIG and CPPIB put together the UK’s largest PRS development funding, allowing it to build 6,000 flats at its Wembley Park project.
British Land had previously announced that Bell would leave the company on 4 April, but securing a replacement means she is able to step down immediately.
A transition team of executive directors and members of group finance will manage British Land’s finance functions until Carter takes up his role. His starting date has yet to be announced.
Chris Grigg, chief executive of British Land, said: “We are delighted to welcome Simon back to British Land. In his roles at Quintain and Logicor he has gained a very broad perspective and significant leadership experience and expertise.
“During his previous time with the company, he was an incredibly capable and experienced member of our senior team, contributing to the company’s development through a number of roles including treasury, corporate finance and strategy.”
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