Overview
- British Land confirmed Joanne McNamara as its next chief executive and said she will take up the role by the end of November after Simon Carter leaves to run P3 Logistics Parks.
- McNamara is currently executive vice‑president at Oxford Properties, has more than 20 years of real‑estate experience, and joined Oxford in 2010 where she led major investment and development transactions.
- The appointment drew a positive market reaction with British Land shares reported about 1.9% higher on the day the news was released.
- Chairman William Rucker praised McNamara’s private‑capital and leadership experience, and McNamara said she has long admired British Land and looks forward to working with its board and executive team.
- Analysts noted the hire reinforces British Land’s platform as occupancy remains high and the group has strong exposure to science and technology tenants while keeping a dividend yield that appeals to income investors.