British Land appoints new CEO
British Land has appointed Joanne McNamara as chief executive officer.
McNamara is currently executive vice president of Europe at Oxford Properties, a global real estate investor, developer, and manager wholly-owned by the Ontario Municipal Employees Retirement System (OMERS), one of Canada’s largest pension funds.
She has over 20 years’ of experience in the real estate sector, having joined Oxford Properties in 2010 as one of the group’s first team members in London. Over those 16 years, McNamara has overseen a number of the firm’s most significant investment and development transactions, and also helped build Oxford Properties’ 70-plus European team.
Prior to joining Oxford Properties, McNamara held roles at Hammerson and DTZ.
She has a maximum notice period of 6 months and is expected to join the business by the end of November at the latest, succeeding Simon Carter who will step down after five years in the role.
William Rucker, Chairman of British Land, said: “I am delighted that Joanne is joining British Land from Oxford Properties, a business we respect and know well as a joint venture partner on the highly successful Leadenhall Building development.
“Joanne is one of Europe’s most respected real estate professionals. With her deep expertise of real estate, valuable experience in the world of private capital and a strong reputation for decisive leadership, she is exceptionally well placed to drive the business forward. On behalf of the board, I look forward to welcoming her to the team.”
Joanne McNamara, added: “British Land is a business that I have always admired, with an impressive track record of delivering and managing best in class places across the UK and an expert team at its helm.
“I am very much looking forward to working with the Board, Executive Committee and all of my new colleagues as we work together to build on what is already a fantastic platform for growth.”