British Land, a major player in the retail property sector, has appointed Mary Ricks as its newest Non-Executive Director, effective from November 1st. With over 35 years of extensive experience in the real estate markets of the UK, Europe, and the United States, Mary Ricks brings a wealth of expertise to her new role.
Mary Ricks most recently served as the President of Kennedy Wilson, a global real estate investment company, where she dedicated 32 years of her career. Notably, she played a pivotal role in the launch of Kennedy Wilson’s European operations and led the company’s successful IPO in London in 2014.
Under her leadership, Kennedy Wilson’s European business was taken private in 2017, transforming into an $8 billion global real estate investment and asset management platform headquartered in the United States. Mary Ricks continued to serve as Group President from 2018 to 2023, contributing her insights as a board member with a specific focus on investment and asset management.
Tim Score, Chairman of British Land, commented on this notable appointment, stating, «Mary’s profound expertise in real estate, spanning various markets, will provide invaluable insights as we continue to execute our value-add strategy.»
Mary Ricks joins British Land at a pivotal juncture for the company, which is currently excelling in the realm of retail parks. With an impressive 8% market share, British Land leads in this sector, as revealed in their September update, which highlights ‘significant leasing momentum’ across their retail parks.