We create workplaces designed for life - not just the 9 to 5. From a net zero office space in Southwark to an office at the heart of Manchester’s MediaCity, find the perfect fit for 10-150+ desks.
The Forge, Bankside
Inspired by its industrial past and built for the future, it’s our first net zero carbon workplace.
Part of the Nova campus, n2 is an oasis of calm in vibrant Victoria.
Bright and airy offices allow people to take in the inspiring cityscape, especially on the 20 outdoor terraces.
Dashwood, City of London
Dashwood is a boutique tower at an unrivalled City location, providing a unique choice of workspaces to meet customer needs today, and in the future.
140 Aldersgate, City of London
Located in the heart of a vibrant city location, 140 Aldersgate connects business and culture between Farringdon and Barbican.
Retail & Hospitality
We own and operate some of the UK's most renowned retail and hospitality destinations that connect brands with people.
Bluewater features a curated brand mix of retail and leisure experiences.
Gunwharf Quays, Portsmouth
With its unique waterfront location and maritime history, Gunwharf Quays offers warm hospitality alongside its premium retail and leisure experiences.
St David's, Cardiff
St David’s occupies one third of Cardiff’s city centre, and half of the city’s retail space, establishing it as the beating heart of the community.
The open-air experience under the iconic domed roof of Trinity Leeds spans over 1 million sq ft of prime retail and hospitality space.
Modernity meets history in the characterful Westgate Oxford, a stone’s throw away from the historic Oxford Castle Quarter.
Working closely with communities and local authorities around the UK, we regenerate urban spaces into thriving places to live, work and play.
Mayfield is a 24-acre brownfield site packed with heritage and the River Medlock flowing through its core.
The O2 Centre, Camden
The O2 Centre Masterplan will deliver a new mixed-use urban neighbourhood spanning 14-acres of currently underutilised space in Zone 2 London.
The Galleries, Glasgow
The Galleries, our vision for the redevelopment of Buchanan Galleries, is a once-in-a-generation opportunity to enhance the city centre as a magnetic place for homegrown talent and opportunity.
Lewisham Shopping Centre, Lewisham
We’re developing plans to shape a new centre for Lewisham. The plans will redefine the town centre – offering everyone better choices and new experiences that are firmly rooted in Lewisham's people and culture.
Landsec and TOWN, working with Cambridge City Council and Anglian Water, are developing a vision for a new urban quarter in Cambridge.
We build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.
Our 2022 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.
Discover the strategy that drives our success, as we create sustainable value for our three types of investor: institutional, private and debt.
2023 full year results
Land Securities Group PLC announced its full year results for the 12 months ended 31 March 2023, on Tuesday 16 May 2023.
Sustainable urban places
Building on our competitive advantages. First to opportunities, in shape to act.
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 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.
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
Reimagining the city for gender inclusivity
Hear more from Ellie Cosgrave about how we need to rethink our public spaces and challenge our existing assumptions about how to deliver cities which are successfully inclusive.
This summary of the REIT rules is a general overview only of the United Kingdom REIT rules and the implications for Land Securities Group PLC (Landsec) and its shareholders.
It should be regarded as neither comprehensive nor sufficient for making decisions, nor should it be used in place of professional tax advice. Land Securities Group PLC accepts no responsibility for any loss arising from any action taken or not taken by any person using this material.
Landsec has been a Real Estate Investment Trust (REIT) since the UK introduced the status in 2007. REITs exist in many countries and are widely understood as a cost-efficient way to invest in property; as it moves responsibility for the payment of tax from the REIT to its shareholders.
Previously, there was an effective double level of taxation for some investors in property companies, firstly in the company and a second when received by the shareholders. The UK REIT regime removed this double level of taxation and allows our shareholders to be taxed on Property Income Distributions (PID) from investment property according to their own tax status. This gives our shareholders a similar tax outcome to owning property directly.
Under REIT legislation, Landsec is exempt from UK corporation tax on UK property investment income, gains on UK property and gains on UK property rich entities. However, it must pay out 90% of underlying tax-exempt property income (not gains) to shareholders as a PID within 12 months. These PIDs are subject to withholding tax at 20%, unless investors have informed Landsec about their qualification for gross payments. Tax is borne by our shareholders on these dividends, according to their tax status.
Landsec is still subject to corporation tax on any residual (non tax-exempt) income. This includes profits on trading activities (such as properties developed with a view to a sale), capital gains on UK property assets or companies sold within three years of completion of a development, and non-UK property assets.
When you receive a dividend from Landsec it will be clear which elements of it are PID and which are non-PID. This distinction and the shareholder’s tax status will determine how the dividend is taxed.
Any non-PID element of dividends will be treated in exactly the same way as dividends from other UK, non-REIT companies.
Profits distributed out of tax-exempt profits of Landsec are PID dividends. PID dividends are paid after deduction of withholding tax (currently at 20%), which Landsec pays directly to HMRC on behalf of the shareholder.
Certain classes of shareholders can qualify to receive PIDs gross (i.e. without deduction of withholding tax), including:
To claim exemption from withholding tax and receive dividends gross one of the following forms needs to have been completed and submitted to our Registrar, Equiniti:
Other shareholders, including all individuals and all non-UK residents, do not qualify and will be paid net of tax at 20%.
Non-resident shareholders in countries which have double tax treaties with the UK providing for withholding tax on dividends at a lower rate than 20% may be able to make claims for repayment of the difference between the treaty rate and 20% from HMRC. Shareholders should seek advice based on their own circumstances.
Claim forms for non-resident individuals and companies may be downloaded from the HMRC website.
The articles of Land Securities Group PLC have additional sections relating to the REIT status which may require action by shareholders.
We would like to highlight the need for any shareholders to serve notice in writing at the registered office on:
A substantial shareholder is defined as:
A relevant registered shareholder is a shareholder in Landsec who holds all or some of the shares that comprise a substantial shareholding (whether or not a substantial shareholder themselves)
PIDs received from a UK REIT, including Landsec, are treated as being taxable property letting income in the hands of shareholders. For the tax return they are included as ‘Other Income’.
For online tax returns:
For paper returns (based on 2019 tax return SA100):
Please note that the tax-free dividend allowance does not apply to the PID element of the dividends.
Non PID dividends
Any non-PID dividends will be treated the same as ordinary dividends paid by any other UK non-REIT company.
From 6 April 2016 the notional 10% tax credit has been abolished and was replaced with a tax-free dividend allowance. Learn more.