Landsec is looking for a new boss after chief exec Robert Noel said he is leaving after eight years at the helm. Noel joined the developer in 2010 after eight years at Great Portland Estates, and was appointed chief executive two years later. Since then, Landsec, which owns £13.8bn of assets, has developed schemes including the Walkie Talkie in the City of London and the Westgate shopping centre in Oxford. But now Noel, 55, has said he will leave the developer at some point next year after a stint handing over to his successor. In May, the firm announced it had made a pre-tax loss of £123m for the year ended 31 March 2019, due to a decline in the value of its assets -in particular at its retail portfolio, where pressure on the sector resulted in higher vacancies and falling rent prices.
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