A wave of senior defections from British Land, Britain's biggest property company, has been heralded as a sign that a new generation of would-be property moguls is about to be created.

The imminent departure of Andrew Jones, a main board director at British Land, and two of his senior colleagues, Valentine Beresford and Mark Stirling, to start a new venture, comes after a host of senior property figures have raised funds to buy cheap real estate.

The departure of the three is seen as a blow to British Land, run by former Goldman Sachs stalwart Chris Grigg.

The Guardian, The Times