Our Impact

OUR IMPACT

Our 2023 impact report highlights how our places and activities are positively affecting communities across the UK, and are designed to stand the test of time. Whether our economic contributions, or the social and sustainable value we deliver, we recognise that our decisions resonate in the long term, and make a significant difference to many.

At Landsec, purpose sits at the heart of everything we do; we shape, curate and sustain places that create value. Value not just in the financial sense but societally by creating sustainable places that people want to be in.

To quantify this, we’ve assessed the full impact of our places and activities across the UK, as understanding our impact helps us identify where we’re already adding value, and highlights areas where we can have an even greater impact. This report reviews our economic, social and environmental contributions in the communities we reside in.

Our impact on the local communities within which we operate is as important as our economic input. From the direct jobs we create, through to the environmentally friendly features we install, alongside our programmes and initiatives that drive community relations and unlock potential through internships to employment.

Key Information

£15.4bn

Total contribution to the UK economy each year from people based at our places

£5bn

Ten-year contribution to the economy through property development

125,000

Number of jobs across our workplace, retail and leisure destinations

Report highlights

Our economic contribution

We’re one of the largest commercial property companies in Europe, and our diverse portfolio of more than 100 unique locations delivers great places for people to shop, work, live, and spend time.

→ 125,000 jobs (direct and indirect across our UK portfolio of over 100 assets)

→ £15.4bn per annum contribution to the UK economy

→ £5bn capital investment over the last 10 years

Our business

We make a significant contribution to the economic prosperity of the UK. This starts with our people and our purpose. We have over 600 employees based in the UK and aim to provide them all with great careers.

→ £70.8m total economic contribution supported by all jobs

→ £60m economic contribution each year by London teams

→ £7.6m income tax contributed by Landsec employees

Our customers

The places that we build, manage, and grow remain significant economic contributors because of the world class businesses and brands that occupy our work, leisure, and retail spaces. Today, we have more than 2,500 customers within our portfolio.

→ 2,541 direct customers leasing space across UK portfolio

→ c.91,000 direct and indirect jobs created and sustained

→ £5.9bn direct economic contribution per annum

Our partners

Our business relies on a network of key suppliers. This includes cleaning and security, construction contracting services, and professional and financial services.

→ £107m - GDP contribution of our supply chain per annum

→ £61m - paid in wages by our partners per annum

→ 2,377 - workforce jobs supported by our partners

Creating cleaner, green communities

We firmly believe that improving environmental sustainability in the built environment is a moral and commercial imperative and we are committed to playing our part.

We were the first real estate company in the world to have our carbon emissions targets approved by the Science Based Targets Initiative in 2016. Since then, we’ve focused on implementing innovations that support our transition to a low-carbon world, and have committed to becoming a net zero carbon business by 2040.

Build well