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BPF chief to step down

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Published by Max Salsbury for 24dash.com in Housing and also in Development

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The chief executive of the British Property Federation has announced that she is to step down.

Liz Peace, who has been CEO of the BPF for the last 12 years, will shortly be retiring in order to spend more time with her "charitable and non-executive interests".

Ms Peace said: “Over the last 12 years I have had an incredibly happy and fulfilling time looking after the interests of the property sector. I know that the BPF has been able to change for the better the way our industry is perceived within the legislative, planning, tax and regulatory landscape in which we operate.

“I have enjoyed the support and friendship of a great list of Presidents and also the dedication and hard work of a highly focused and positive executive team. After dedicating 12 years of work through three broad property cycles to the BPF, the time is right for me to move on and make way for a new generation of leadership.”

The BPF's board has already started the search for a new CEO. It is expected that Ms Peace will continue to lead the organisation until a successor is identified and in place at some point in autumn.

David Marks, BPF president, said: “Liz has been a great leader of the Federation and we will be sorry to see her go, but understand entirely her wish to pursue her other many and varied interests.

"She has achieved a tremendous amount for our industry and in particular has totally transformed the way in which the sector is regarded by those in government and other stakeholder bodies. Under her leadership the BPF played a crucial role in introducing REITs to the UK property industry and in helping to inform significant changes to the planning system.

“Liz's intelligent and persistent lobbying on behalf of the BPF and its wider membership has also greatly increased the awareness of how targeted investment by the private sector in a wide range of asset types and regions can actually increase the overall tax base of Government through the vibrant regeneration of cities, as opposed to simply and crudely increasing the taxation of the existing stock of depreciating assets.”

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