The British Land Company plc (“British Land”) announces that Bhavesh Mistry, Chief Financial Officer (“CFO”), has informed the Board of his intention to step down from his role as CFO and Executive Director of British Land to become CFO of Kingfisher plc.

Bhavesh will remain in his current role while a replacement is found and to ensure an effective transition of his responsibilities. He has a 12 month notice period and a date for his departure will be agreed. A search for a new CFO is underway and a further announcement will be made in due course.

Simon Carter, CEO of British Land, said: “I’d like to thank Bhavesh for his significant contribution in the past three years over which time we have allocated capital well, controlled costs and positioned the balance sheet to seize the opportunities that are now emerging.”

This announcement was made in accordance with the requirements of 9.6.11 of the UK listing rules.

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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.