Mark Allan confirmed as next Land Securities CEO

Land Securities Group announced on Friday that Mark Allan is to be appointed as its next chief executive officer.

The FTSE 100 company said Allan is currently CEO of St Modwen Properties, a role he has held since 1 November 2016.

He joined St Modwen from The Unite Group, where he was CEO from 2006 until May 2016. Allan is a qualified Chartered Accountant and a member of the Royal Institution of Chartered Surveyors.

Land Securities said he would take up the new role, and become an executive director, with effect from a date to be confirmed, but by no later than 1 June.

“I am delighted to announce that Mark is to join Landsec as our next CEO,” said chairman Cressida Hogg.

“Mark has been a highly successful CEO of two companies in the property sector.

“He has demonstrated strong management skills and the strategic insights that we believe will build on the strengths of our business today and be invaluable for the next phase of Landsec's evolution.”

Mark Allan described Landsec as an “iconic property” company with a “fantastic heritage”, adding he was “delighted” to have the opportunity to lead it.

“The world of real estate is undergoing significant change and I am confident, with the skills and experience already in place, that great opportunities lie ahead.

“I am looking forward to working with everyone at Landsec, the Board and its partners and customers.”

The Land Securities board said Robert Noel would continue as CEO for the time being, with a further announcement to be made in due course regarding his leaving date.

At 0831 GMT, shares in Land Securities were up 0.57% at 910.2p.