Chris Grigg, chief executive of British Land, is preparing to step down from the REIT.
His departure would mark more than a decade running the company. Rumours around his exit have been circling for some time.
Sky News reported last night that management consultant Russell Reynolds is understood to have been appointed to advise on the recruitment process for a successor.
Several internal candidates are understood to be being considered, including chief financial officer Simon Carter and head of real estate Darren Richards. However, an external successor could also be appointed.
British Land declined to comment.
