Directorate Change

British Land Co PLC

24 October 2023

 

British Land appoints Mary Ricks as a Non-Executive Director

24 October 2023

The Board of The British Land Company PLC ("British Land") is pleased to announce the appointment of Mary Ricks as a Non-Executive director, effective 1 November 2023.

Mary is a highly experienced real estate professional who brings over 35 years' experience of the UK, European and the United States property markets. She recently stepped down as President of Kennedy Wilson, a global real estate investment company where she worked for 32 years, overseeing the launch of its European business and subsequent IPO in London in 2014.

In 2017 the European business was taken private creating an $8 billion global real estate investment and asset management platform listed in the United States.  Mary was Group President of the group from 2018 to 2023, serving as a Board member with a focus on the investment and asset management business.

Mary has set up her own family foundation which supports educational and children's charities.

Commenting on the appointment, Tim Score, Chairman of British Land, said: "We are delighted that Mary is joining the British Land board.  Her depth of real estate expertise across a variety of markets will provide valuable insight as we continue to execute our value add strategy."  

There are no other disclosures to make pursuant to LR 9.6.13 R.

Investors

Sandra Moura                                                                                                       07989 755 535

Media Enquiries:

Charlotte Whitley, British Land                                                                         07887 802 535

About British Land 

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies.

We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.

Our three Campuses at Broadgate, Paddington Central and Regent's Place are dynamic neighbourhoods, attracting growth customers and sectors, and offering some of the best connected, highest quality and most sustainable space in London. We are delivering our fourth Campus at Canada Water, where we have planning consent to deliver 5m sq ft of residential, commercial, retail and community space over 53 acres. Our Campuses account for 63% of our portfolio.

Retail & London Urban Logistics accounts for 37% of the portfolio and is focused on retail parks which are aligned to the growth of convenience, online and last mile fulfilment. We are complementing this with urban logistics primarily in London, focused on development-led opportunities.

Sustainability is embedded throughout our business. Our approach is focused on three key pillars where British Land can create the most benefit: Greener Spaces, making our whole portfolio net zero carbon by 2030, Thriving Places, making a long-lasting, positive social impact in our communities, and Responsible Choices, advocating responsible business practices across British Land and throughout our supply chain, and maintaining robust governance structures. Further details can be found on the British Land website at www.britishland.com.

 

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