British Land has appointed Simon Carter chief executive to succeed Chris Grigg who will be leaving the company later this year.

The UK real estate investment trust said Carter, who is currently the chief financial officer of the firm, will succeed Grigg on 18 November 2020. Grigg will leave the company at the end of the year, after over 11 years as CEO.

Carter has been the CFO at British Land since returning to the company in May 2018. He was previously the CFO of logistics warehouse Logicor.

Prior to that, he was finance director of Quintain Estates & Development. Before that, Carter spent over a decade with British Land, holding a number of leadership roles including heading the strategy, corporate finance and treasury teams and was a member of the executive committee from 2012 until 2015.

British Land said Carter’s successor as CFO will be announced in due course.

Tim Score, British Land chairman, said under Grigg’s leadership British Land has consistently created outstanding places, best demonstrated by the company’s mixed-use London campuses Broadgate, Paddington and Regents Place.

“We have delivered several iconic London buildings and we look ahead to the unique opportunity we have at Canada Water.”

Score said the board are confident that Carter is the right person to lead British Land forward.

”He is a proven, growth-orientated business leader with significant real estate experience and expertise across various asset classes.”

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