Our strategy

Our primary focus

Delivering sustainable income and EPS growth

Our Primary Focus Infographic

Our places

Office-led
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Retail-led
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Residential-led
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We develop, own and manage offices that offer a variety of propositions in some of the capital’s best-connected and most amenity-rich places. We work with our customers, who range from global corporates to small, fast-growing businesses, to curate workplaces that enable their businesses and cultures to flourish. Demand for our high-quality, sustainable office space is healthy, and this part of the portfolio can offer a blend of returns; from low-risk income, through to profits from our committed pipeline of developments in London’s vibrant Victoria and Bankside areas.

We own and manage high quality, major retail destinations that offer something special to brands and shoppers alike. People are attracted to places that offer experiences they can’t easily get online or elsewhere; brands are drawn to places where they can showcase their offer to a high number of shoppers. Our job is to bring the two together. Our high-quality portfolio – which includes seven of the top-30 shopping centres in the UK and destinations that regularly outperform industry footfall benchmarks - strong brand partner relationships and deep understanding of consumers give us a competitive edge

For more than 80 years our focus has been on developing and shaping successful, high-density urban places. Now, we see strong, structural growth in demand for homes. A growing population and constrained supply in the current market is creating an urgent need to reshape our cities so they’re fit for the future. We’re using our scale, expertise and experience to realise our residential growth opportunity with a pipeline of projects to bring new homes to major cities, including London and Manchester. These projects take shape over a number of years and multiple phases, meaning each project can offer an attractive blend of income, growth and development-led returns over several years. 

Delivering value

For our shareholders

Total returns, delivered through the cycle

A focus on creating value

Higher operational leverage, offset by lower financial leverage  

For our customers and communities

A platform for our customer and partners to succeed  

A continued commitment to transition to net zero

Shaping places with meaning that deliver lasting value for everyone connected to them

For our people and culture

Outward-facing and customer-led

Lean, agile, nimble, empowered and supportive
 
Driven to be customer-centric and data-led