British Land has announced the appointment of Kelly Cleveland to the newly created position of Head of Real Estate and Investment, consolidating her leadership role within the company. Cleveland, who currently serves as Head of Strategy and Investment, will officially take on the expanded role in mid-October.

Having joined British Land in 2011, Cleveland has steadily risen through the ranks, gaining experience across investment, strategy, and treasury. She became a member of the executive committee in 2020 and took on her current role in 2022. Her promotion follows the departure of Darren Richards, British Land’s current Head of Real Estate, who has resigned to join LondonMetric Property as Chief Investment Officer.

Simon Carter, Chief Executive of British Land, commented:
“Aligning our asset management, leasing, and investment activities is more critical than ever as we actively recycle capital and seize emerging opportunities in the market. Kelly brings a wealth of real estate expertise, having led major transactions such as the sale of our stake in Meadowhall earlier this year and forming joint venture partnerships with Allianz and AustralianSuper. She has also been instrumental in expanding our presence in the retail park sector, which we’ve doubled down on as an attractive sub-sector.”

Carter also expressed gratitude to Richards for his two decades of service:
“I’d like to thank Darren for his unwavering support and significant contribution to British Land over nearly 20 years. We wish him all the best in his new role.”

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