UK REIT British Land has announced that executive director Steve Smith will be standing down from the board at end-March 2013 and will leave the company three months later.
UK REIT British Land has announced that executive director Steve Smith will be standing down from the board at end-March 2013 and will leave the company three months later.
Smith joined British Land in January 2010, as chief investment officer with responsibility for the group's property and investment strategy. Since then the group has embarked on a £1.2 bn (EUR 1.5 bn) office development programme, invested £1.1 bn in acquisitions and disposed of £600 mln of mainly retail assets.
British Land is one of Europe's largest Real Estate Investment Trusts (REITs) with total assets, owned or managed, of £15.8 bn (British Land share £10.3 bn), as valued at end- March 2012.
