Overview
- British Land confirmed that chief executive Simon Carter will depart to become CEO of P3 Logistic Parks, a pan-European warehouse investor and developer backed by Singapore’s GIC.
- Carter will serve a 12-month notice period, and British Land said it has initiated a full, formal process to appoint his successor.
- Shares in British Land fell in early trading following the announcement, with a modest decline reported around 2.3 percent.
- Carter has led British Land since November 2020, steering a strategic pivot into logistics in 2021 and overseeing recent gains including re-entry to the FTSE 100 in December.
- P3 is headquartered in Prague, and Carter is reported to remain based in London as the company expands its focus in western Europe.