Landsec eyes Sir Ian Cheshire as chairman
Cheshire is currently the chairman of Channel 4
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Landsec, the property group that owns 50% of Bluewater shopping centre, is considering appointing Sir Ian Cheshire as its new chairman.
According to Sky News, Landsec is lining up the former Debenhams chairman to replace Cresida Hogg with the appointment potentially coming as early as this month.
Cheshire is currently the chairman of Channel 4 and has been involved with the channel’s discussions with the government about its desire to take it private.
His other former roles included the chairman of the British Retail Consortium, chairman of the Prince of Wales Corporate Leaders Group on Climate Change, and lead non-executive for the Department of Work and Pensions.
According to the outlet, the process is being led by Edward Bonham-Carter, the former Jupiter fund management chief, and is currently a senior independent director at the company.
Last year, Landsec revealed it had returned to profit in FY22 boosted by record office leasing and a return to growth in its major retail destinations.
For the year ended 31 March 2022, Landsec delivered pre-tax profits of £875m up from a loss of £1.3bn the year prior.
The group said the performance was driven by strong London office leasing, positive operational performance and valuation growth in retail and marked growth in mixed-use urban pipeline, underpinned by “successful capital recycling and strong balance sheet”.
