British Land appoints Kelly
Cleveland as Head of Real Estate and Investment
New role will combine two
key parts of British Land's business following Darren Richards'
departure
24 September 2024
British Land announces that Kelly
Cleveland, currently Head of Strategy and Investment, has been
appointed to a new combined role of Head of Real Estate and
Investment.
Darren Richards, Head of Real
Estate, has resigned from his role and is leaving British Land to
join LondonMetric Property PLC as Chief Investment
Officer.
Since Kelly joined British Land in
2011 she has progressed through the business, working across
investment, strategy and treasury before joining the Executive
Committee in 2020 and taking on her current position as Head of
Strategy and Investment in 2022. Kelly will take on her new role in
mid-October.
Simon Carter, Chief Executive, said: "Aligning our asset management, leasing and investment
activity has become ever more important as we actively recycle
capital and seize the opportunities emerging in our markets. Kelly
has a wealth of real estate experience, leading key transactions
such as the sale of our Meadowhall stake earlier this year and our
joint venture partnerships with the likes of Allianz and
AustralianSuper. She has also been instrumental in growing our
presence in retail parks as we have doubled down on this attractive
sub-sector.
"I'd like to take this opportunity
to thank Darren for his unwavering support and significant
contribution to the business over nearly twenty years and wish him
the very best in his new role."
-ENDS-
Investors
Lizzie King, British Land
07808 912 784
Media
Charlotte Whitley, British
Land
07887 802 535
About British
Land
British Land is a UK commercial
property company focused on real estate sectors with the strongest
operational fundamentals: London campuses, retail parks, and London
urban logistics. We own or manage a portfolio valued at £13.0bn
(British Land share: £8.7bn) as at 31 March 2024.
Our purpose is to create and manage
Places People Prefer - outstanding places that deliver positive
outcomes for all our stakeholders on a long term, sustainable
basis. We do this by leveraging our best in class platform and
proven expertise in development, repositioning and active asset
management.
We have both a responsibility and an
opportunity to manage our business in an environmentally and
socially responsible manner. Our approach to sustainability is
focused on three pillars: Greener Spaces, Thriving Places and
Responsible Choices.
Read more about us at
www.britishland.com.