The head of retail property at a FTSE 100 property company has resigned as valuations in the sector come under pressure because of the challenging retail climate.
Scott Parsons, 49, managing director of Landsec’s £6.1bn portfolio of shops, shopping centres and retail parks, will leave after serving 12 months notice to help with his replacement. He joined the business in 2010 and was head of property in London before becoming managing director of the retail portfolio in 2014.
The departure is a blow to Rob Noel, 54, chief executive of Landsec, who said yesterday that Mr Parsons had made a “significant contribution” to the company.
