Liz Peace has announced that, after 12 years as Chief Executive of the British Property Federation, she will be shortly retiring from the Federation in order to spend more time with her charitable and non-executive interests.

Liz, who has held the post of Chief Executive since January 2002, 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.

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"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."

David Marks, current President of the BPF, 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."

(CD)