Simon Carter, chief executive

Mr Mistry is currently deputy chief financial officer at Tesco PLC, a position he has held for over two years. Prior to that he spent more than five years at Whitbread PLC, where he was Finance Director of Whitbread Hotels & Restaurants.

He has previously held senior positions in finance and strategy at Virgin Media and Anheuser-Busch InBev and qualified as a Chartered Accountant at KPMG.

Mr Mistry will become an executive director and join the main board. He is expected to join British Land no later than 1 August 2021. Until Mr Mistry joins, David Walker will continue in his role as Interim chief financial officer.

Simon Carter, chief executive, said: “I am delighted Bhavesh is joining British Land at this important time for our business. His deep expertise in finance and wealth of experience in business transformation in fast-moving industries will be invaluable as we continue to move our business forward and deliver against our strategic priorities.”

Bhavesh Mistry added: “I am very pleased to be joining British Land. The business benefits from high quality assets with exciting opportunities for growth and development. I’m looking forward to working with Simon and the team to realise this potential.”