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flag Simon Carter is leaving British Land after 18 years to become CEO of P3 Logistics Parks, triggering a 2% share drop.

flag Simon Carter is stepping down as CEO of British Land after more than five years in the role and 18 years with the company, with plans to join P3 Logistics Parks as its CEO following a 12-month notice period. flag He will succeed Frank Porschk at the European warehouse developer backed by Singapore’s GIC. flag Carter led British Land through strategic shifts, including expanding retail parks and urban logistics sites, and was credited with strong rental growth in supply-constrained markets. flag His departure prompted a 2% drop in British Land’s shares, and the company has begun searching for a successor.

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