London property giant British Land today announced its chief financial officer Simon Carter would take over from long-running boss Chris Grigg.
Grigg’s plans to retire emerged early in the year but no successor had been appointed until now.
He oversaw 11 years of dramatic change at the group, including its shift away from retail – a move that has shielded the company from the worst of the rout suffered by Hammerson and collapsed rival Intu.
His time in charge saw it invest in Paddington Basin, Broadgate and Regents Place, which offer a mixture of offices and retail.
However, the company is now heavily involved in the office market at a time of huge uncertainty about how much space companies will need in a post-Covid world.
Carter’s biggest role will be wrestling with this issue.
The British Land house view has been that attractive, modern offices