British Land loses three senior members of retail division

UK REIT British Land has confirmed that Andrew Jones has tendered his resignation as executive director and head of retail. Jones will leave the company on 31 January 2010.

His departure was expected as British Land had said in September that Jones wanted to leave and had commenced discussions 'regarding the timing of any such departure'.

But British Land also announced on Tuesday that two other senior members of the retail team - Valentine Beresford and Mark Stirling - have also tendered their resignations.

Jones, said: 'I have very much enjoyed my four years with the Company and am pleased to be leaving it so strongly positioned for the future and in very good hands. However, I am excited about the new opportunities and challenges that this market will undoubtedly provide.'

Joes joined British Land in July 2005 after the company’s acquisition of Pillar Property. He was appointed to the executive committee in August 2005 and elected as an executive director in July 2006.