Find a space
Whether you need a retail space to rent in Leeds or an office to rent in London, we’ve got the commercial property to fit your needs. Or dive into our regeneration projects that are bringing new life to towns and cities around the UK.
Introducing Below The Lights
Below The Lights opened in summer 2024 in the heart of London - under the famous Piccadilly Lights.A unique Spotlight space for immersive events, Below The Lights is a place where brands can create memorable experiences and incredible media campaigns.
About
We build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.
Our 2023 Impact Report
Our 2023 impact report deep dives into the ways our places and activities are making a difference across the UK. From our economic contributions to the social and sustainable value we deliver, we recognise that the consequences of the actions we take as an organisation are both far-reaching and long-lasting.
The potential of sustainable retail
Sustainable retail has the potential to boost local UK economies by nearly £100m and grow brand revenues by up to 13%.
Investors
Discover the strategy that drives our success, as we create sustainable value for our three types of investor: institutional, private and debt.
Half Year Results 2024
Land Securities Group PLC announced its half year results for the six months ended 30 September 2024 on Friday 15 November 2024
Creating valuable places
We enter the coming year with a renewed sense of clarity and purpose.
Sustainability
We're working to enhance the health of our environment and improve quality of life for our people, customers and communities - now, and for future generations.
Landsec Futures
Landsec Futures is a £20m fund that aims to deliver around £200m of social value by 2030, supporting at least 30,000 people from underrepresented socio-economic backgrounds towards long-term employment. It will also provide the chance to increase the diversity of talent across the industry and in our business.
We are working to Let Nature In
We’re letting nature into the design, development, and management of our spaces. We’re improving biodiversity; promoting health, wellbeing and community engagement by creating green spaces; and creating nature-based solutions to mitigate and adapt to climate change.
Careers
Life at Landsec
We're shining a spotlight on some of the inspirational people that work for us as part of our Life at Landsec series.
Media & Insights
Reverse mentoring for an inclusive future
Earlier this year, nine executive leadership team members (ELT) were each paired with a more junior colleague for a six-month reverse mentoring opportunity.
Three years ago we set out our strategy to create sustainable value – focusing on areas where we have a genuine competitive advantage, underpinned by the strength of our balance sheet. This strategy is built on a vision to shape successful and sustainable urban places where our customers can achieve their goals and our communities can realise their potential. Based on the quality of our portfolio, the expertise of our people and the strength of our customer relationships, this strategy is the right one, and we are well positioned to continue to pursue it.
Whereas many companies slowed or paused activity in response to external market conditions, we have remained active, pragmatic and future-focused in executing our strategy during the year. Our areas of competitive advantage remain: our high-quality portfolio; the strength of our customer relationships; and our ability to unlock complex opportunities through our development and asset management expertise. These strengths are clearly reflected in our strong operational performance during the year and remain an advantage in the market. Landsec has a high-quality portfolio, a strong balance sheet and is well placed for long-term growth and although we are mindful of the wider economic challenges, we are excited about the future.
38.6p
Dividend per share (2022: 37.0p)
53.1p
EPRA earnings per share (2022: 48.0p)
936p
EPRA Net Tangible Assets per share (2022: 1,063p)
£10,239m
Combined portfolio (2022: £12,017m)
£393m
EPRA earnings (2022: £355m)
£400m
Inaugural Green bond issued under our Green Financing Framework
Landsec focuses on three areas of the UK real estate market where we can apply our unique competitive advantages and can maximise the value from our portfolio and our talent in shaping and sustaining places: Central London offices; Major retail destinations; and Mixed-use urban neighbourhoods.
What binds these three areas together is the importance of a sense of place to their enduring success, and to that of their surrounding areas. We strive to create, curate, and activate places that inspire people, generating value for all our stakeholders. In executing our strategy, we continue to be led by three things: working sustainably, meeting the needs of our customers, and being disciplined with our capital.
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Download Our Strategy PDF
Changing working patterns and use of office space will reduce requirements, but modern, well-configured facilities that meet today’s flexible-working needs, in great locations, with amenities and excellent sustainability credentials, will still attract healthy demand. In addition, London is well set to continue its position as Europe’s pre-eminent global gateway city and will continue to attract and retain talent. The best spaces will thrive, and our portfolio is well placed to benefit from market trends.
With the effects of online retail, the pandemic and the current economic environment, there remains too much physical retail space in the UK, and some will convert to alternative uses such as leisure or residential. But the best physical retail space is thriving, and for many leading brands, online and physical channels are now firmly inter-connected. There is clear consumer demand for the best shopping centres with an attractive mix of retail, leisure and hospitality, and prime retail destinations have been resilient, as brands relocate or open to benefit from higher footfall.
There is an increasing desire to see a mix of living, working and leisure within distinct neighbourhoods, or even buildings, with convenience being a key motivation in a society where time is increasingly precious. Situated in attractive locations with strong transport links in some of the fastest-growing urban areas, mixed-use urban communities can achieve strong returns, as the appeal increases values across phases of development – known as placemaking. We are well placed to become a leading player in this market.
At Landsec, we aim to create a high-performance environment where everyone can see clearly how they contribute to, and benefit from, Landsec’s success. We ensure this through frequent communication and feedback. We want to attract, recruit and retain the best people, to build a workforce that is skilled, adaptable and future-focused. Therefore we invest in learning and development for all, and support wellbeing, and healthy and safe workplaces. We know that if we take care of our people, our people will take care of our customers and our business.
We design, develop and manage buildings in ways that will enhance the health of our environment and improve quality of life for our people, customers and communities, now and for future generations. We recognise that maintaining strong sustainability performance remains key to the value of our business. Our sustainability strategy – Build well, Live well, Act well – continues to focus our work on the ESG issues where we know we can have the biggest impact.
Our overall portfolio was valued at £10.2bn at the end of March. It is made up of the following areas:
At Landsec we do more than build, manage and operate buildings. We build communities and workforces, and improve lives.
We set KPIs in line with our strategy. They provide direction for our people, and offer clear links to remuneration.
Good governance is fundamental to the long-term success of our company, and has a key role to play in the culture we want to create.
Investor Relations - equity
+44 (0) 20 7413 9000
