Steve Smith, Charles Maudsley to spearhead firm’s growth plans
British Land has lured two of Europe’s property veterans to beef up its board ahead of an expected surge in UK real estate investment and possible European expansion, its chief executive said yesterday.
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| London pads: British Land’s intention to invest some £1 billion, unveiled in September, remains intact. ‘What I want to do is ensure we have got the best team available to be making new investment decisions,’ says Mr Grigg |
Britain’s second-largest property company has recruited Steve Smith, global head of transactions at AXA Real Estate Investment Managers, and Charles Maudsley, co-head of Europe at LaSalle Investment Management, to spearhead growth plans for next year and beyond.
‘We said in September it was our intention over the next 12-24 months to invest something like one billion pounds and that intention remains intact,’ chief executive Chris Grigg said.
‘We think we are in a very good financial position, we think we have very good existing assets . . . but what I want to do is ensure we have got the best team available to be making new investment decisions,’ he added.
Mr Smith, who is well-known in the UK property industry for his dealmaking capabilities, will become chief investment officer, while Mr Maudsley will serve as an executive director with responsibility for business expansion. Continue reading
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