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British Land has appointed Joanne McNamara as its new chief executive officer, filling the leadership position left vacant after Simon Carter’s departure earlier this year. McNamara joins from Oxford Properties, where she serves as executive vice president of its European business. Her appointment comes at a time when the company continues to benefit from strong demand for high-quality office space, particularly from artificial intelligence and technology firms. British Land recently reported annual underlying profit ahead of market expectations, supported by resilient leasing activity across its commercial property portfolio.
British Land has named Joanne McNamara as its new chief executive officer, marking a significant leadership transition for the UK-based real estate company following the departure of former CEO Simon Carter earlier this year.
McNamara currently serves as executive vice president of the European business at Oxford Properties, a major real estate investor and developer. Oxford Properties has an existing relationship with British Land through its joint venture partnership on the Leadenhall Building development in London, one of the city's prominent commercial real estate projects.
Announcing the appointment, British Land Chairman William Rucker said McNamara's extensive real estate expertise, experience in private capital and strong leadership credentials made her well positioned to lead the company through its next phase of growth and development.
The appointment comes as British Land continues to navigate changing occupier requirements across the commercial property sector. The company has been focusing on high-quality office assets and urban campuses, while also expanding its presence in retail parks and mixed-use developments.
In its latest annual results, British Land reported underlying profit above market expectations. The performance was supported by sustained demand for premium office space, particularly from artificial intelligence and technology companies that continue to seek well-located and modern workplaces despite broader shifts in office usage patterns.
The company, one of the UK's largest listed property groups, owns, develops and manages a portfolio of commercial real estate assets across key urban locations. In recent years, British Land has increasingly focused on developing high-quality, sustainable workspaces to attract corporate occupiers and long-term investment capital.
Source Reuters
5th Jun, 2025
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