British Land Appoints Head of Retail (UK)

British Land today announces a change to the responsibilities within its senior management team. Charles Maudsley, currently Executive Director for Business Expansion will assume responsibility for the Group's £5.3 billion (€5.86 billion) Retail business in the UK and Europe. He retains his business expansion role. In addition, Ben Grose, who has been with British Land since 2005, has been appointed Head of Retail Asset Management, reporting to Charles.


Charles Maudsley of British Land.

Other executive responsibilities are unchanged. Tim Roberts continues to be responsible for managing British Land's £2.5 billion office portfolio as well as for office investment and development. Steve Smith, in his role as Chief Investment Officer, is principally responsible for maximising the Group's capital returns and chairs the Investment Committee.

Commenting on the appointment, Chris Grigg, Chief Executive, said; "I am delighted that Charles Maudsley is taking Board level responsibility for our largest single business. He is ideally suited to the challenge of taking our Retail business to the next level. His property experience and expertise will both complement and help further develop the deep pool of retail talent which we have here at British Land.

"Our senior management team is now directly aligned with our primary objective of driving outperformance in our Retail and Office portfolios. British Land is also well positioned to make opportunistic investments where we see exceptional value."

Source: British Land

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