(For more retail coverage, click GlobeSt.com/RETAIL.)

LONDON-Sir John Ritblat, chairman of British Land and one of the last great British property tycoons, has revealed his retirement at the FTSE-100 group’s annual meeting. Sir John has led the company for 36 years and only months ago delivered a record set of full-year results. He started his career at the age of 16 under the tutelage of the property agent Edward Erdman, after seeing the bomb-ravaged Bond Street and Berkeley Square in the 1950s, which inspired him to dedicate his life to real estate.

When he became chairman and managing director of British Land in 1971 it was a small firm with a euro 29.3-million ($36.7-million) market capitalization. This year, British Land has a market value of euro 10.02 billion ($12.7 billion) with euro 26.03 billion ($33 billion) of property owned or under management. Assets include the Broadgate office complex in the City of London and the Meadowhall shopping center in Sheffield. He took control of the company after reversing private Union Property Holdings into the group in 1970. Sir John was knighted this year for services to the arts including the donation of a rare book collection to the British Library.

British Land spokespeople say the entrepreneur would be succeeded as chairman in January 2007 by Chris Gibson-Smith, chairman of the London Stock Exchange and former managing director of BP. He is already a non-executive director of British Land.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.