British Land names Oxford Properties exec Joanne McNamara as new CEO

(Alliance News) - British Land PLC on Tuesday appointed Oxford Properties Group executive Joanne McNamara as its new chief executive.

McNamara is currently executive vice president, Europe at Oxford Properties, a global real estate investor, developer, and manager wholly owned by the Ontario Municipal Employees Retirement System, one of Canada's largest pension funds.

London-based real estate investment trust British Land noted McNamara has over twenty years' experience in the real estate sector. She joined Oxford Properties in 2010 and before that worked for Hammerson PLC and DTZ Investors.

At Oxford Properties, she was "instrumental" in creating a portfolio of office, retail, logistics and residential assets with assets under management of GBP8 billion, British Land said.

McNamara has a maximum notice period of six months and is expected to join British Land by the end of November.

British Land Chair William Rucker said: "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."

For her part, McNamara said: "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."

McNamara succeeds Simon Carter who, in January, said he was departing to join P3 Logistics Parks, the GIC-owned investor, manager, and developer of logistics properties in Europe.

Shares in British Land rose 1.6% to 401.40 pence in London on Tuesday morning.

By Jeremy Cutler, Alliance News reporter

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