UK- British Land, the second-largest Real Estate Investment Trust in the UK, has appointed Chris Grigg, former Barclays chief executive, as its CEO.

Grigg, 49, will assume his role as CEO on January 12 2009, the Board of British Land confirmed last week

He spent 20 years in various leadership positions at Goldman Sachs before joining Barclays Commercial Bank as Group Treasurer and later chief executive until November 2008.

Grigg replaces Stephen Hester who left British Land to join the Royal Bank of Scotland as its new chief executive last month.

Chris Gibson-Smith, executive chairman at British Land, said: "Chris Grigg was chosen as new chief executive officer after an extensive selection process which considered candidates with both property and non property backgrounds."

British Land was unwilling to say who the contending candidates were for the position.

British Land's strategy is to focus on the ‘out of town' retail and the London office sector and had £15.6bn (€16.5bn) in assets under management at the end of September.