Welcome to Landsec. We apply our expertise to create positive experiences for those we rely on, from our customers and communities to our partners and employees. By getting that right, we create long-term, sustainable value for our shareholders and physical and social value for our communities.
Dividend up 3.1%
Adjusted diluted earnings per share up 12.4%
EPRA net assets per share down 4.6%
Total business return
Loss before tax
Social value created during the year
This year we progressed our landmark scheme at 21 Moorfields, creating a new HQ for Deutsche Bank; schemes at Nova East and One Sherwood Street; and innovative proposals around Southbank. This brings our potential pipeline in London to £3bn.
Tonnes of CO2 to be saved using recycled aggregates and cement replacement at 21 Moorfields
Potential annual rental value of our London office pipeline
The retail sector faces challenges but people continue to spend time and money in destinations that provide a great experience. So we’ve repositioned our consumer portfolio, creating a diverse mix of high-quality, experience-led assets.
Growth in UK leisure spend 2013-2018
Percentage of our regional retail portfolio let to leisure tenants
This year we expanded our flexible workspace offer with the launch of Myo. Targeting businesses of 10–100 people, we offer a new generation of customers an entry point to our portfolio, then support them as they grow.
Percentage of occupiers who will make use of flexible space in next three years
Number of businesses with 10-99 employees in London
This year we helped the 1,200th person secure a job, meeting our 2020 target early. We’re transforming lives and addressing industry skills gaps through projects like our aerial cleaning academy at HMP Isis.
of employment opportunities we've created were for ex-offenders
Social value created through our Community Employment Programme in 2018
Together with the British Fashion Council and designers Black Box Revolution at Trinity Leeds, we’re introducing units for emerging brands new to physical space. We’re supporting those brands with innovative tech while having an opportunity to remix the offer as required.
Percentage of UK consumers who visited a pop-up shop last year
Number of different consumer brands in our portfolio
From Finchley Road to Shepherd’s Bush and Lewisham, we own sites in vibrant suburban locations in London. Our plans could create 4,000 new homes, all supported by shops, community services and public realm.
By 2020 only a quarter of 30-year-olds will own their own home
Number of households in the private rented sector has doubled since 2000
2018/19 saw positive economic growth but continued uncertainty over the nature of the UK’s departure terms and future relationship with the EU. Businesses and consumers have continued to spend and progress plans, but both groups appear to be deferring some decisions. All of this affected the dynamics in commercial property. At the same time, big drivers shaping our markets in 2019 included:
- Changing ways of working
- Changing ways of shopping
- Changing ways of living
- Changing ways of building
- Changing expectations around sustainability
We create shareholder and social value by providing the right space for our customers and communities so that people and businesses can thrive.
Our business model
To create value we buy, develop, manage and sell property, drawing on a range of financial, physical and social resources along the way.
More on our business
Strong corporate governance improves performance, inspires trust and is essential to Landsec’s long-term success.Read more
We work to turn our strategic objectives into tangible performance, using individual key performance indicators to measure progress.Read more
We embed sustainable thinking throughout the company. Our Social and Physical reviews highlight the breadth, depth and value of our approach.Read more