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.
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%.
Discover the strategy that drives our success, as we create sustainable value for our three types of investor: institutional, private and debt.
2023 half year results
Land Securities Group PLC announced its half year results for the six months ended 30 September 2023 on Tuesday 14th November 2023.
Capital Markets Day - September 2023
We're hosting a Capital Markets Event for analysts and investors at our London office developments, Lucent at Piccadilly Circus and n2 in Victoria, which completed earlier this summer.
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.
From 6 April 2019 non-UK residents are subject to UK tax on gains arising from direct or indirect disposals of all types of UK land and interest in UK property rich entities. All UK REITs, including Landsec, are classified as Collective Investment Vehicles (CIVs) for the purposes of these rules and as such the 25% de minimis exemption on indirect disposals of UK property rich companies does not apply.
HMRC’s draft guidance
For shares held on or before 5 April 2019 shareholders have the option of using a tax base cost of;
The value of Landsec shares at close of business on 5 April 2019 was £9.12.
For shares purchased after 5 April 2019 the tax base costs will be the actual costs.
Double Tax Treaty and other reliefs
Some tax-exempt investors may be exempt from UK capital gains tax, e.g. sovereign wealth funds and overseas pension schemes that meet specific criteria. Shareholders should seek their own advice to determine if this applies to them.
Some non-UK residents may be able to claim relief from UK capital gains tax under the gains article in the relevant double tax treaty (depending on their jurisdiction of residence). Shareholders should seek their own advice to whether this applies to them.
HMRC has electronic copies of all UK double tax treaties.
Reporting and payment deadlines
Where an investor makes a chargeable disposal, they must report this disposal and make a payment on account for any capital gains tax due to HMRC within 30 days.
Gains realised by UK residents should continue to be reported and taxed in the same way.
There have been various events that could be relevant when computing a liability to capital gains tax and require an adjustment to the tax base cost for shares held at those dates:
1) Capitalisation issue (Land Securities PLC)– 30 November 1983
A resolution passed on 30 November 1983, £141,630,386 was capitalised from Reserves to pay up in full at par 141,630,386 unissued Ordinary Shares of £1 each. These shares were distributed as fully paid to Shareholders in the proportion of two new Shares for every five Shares held on 18 November 1983.
As a consequence of the capitalisation the Issued Share Capital increased from 354,075,964 to 495,706,350 Ordinary Shares of £1 each fully paid.
The base cost of each share held immediately after the capitalisation will be 5/7 of the base cost of each share immediately prior to the capitalisation.
2) New holding company (Land Securities Group PLC) added – 6 September 2002
On 6 September 2002 Land Securities PLC was bought by a newly incorporated company, Land Securities Group PLC in consideration for it issuing of new shares in A and B shares in Land Securities Group PLC.
Based on the value of the new shares immediately after issue, the split of the base cost between the two share classes was;
The number of Ordinary Shares in issue for Land Securities Group PLC immediately after was 12.5% lower than for Land Securities PLC immediately before.
Therefore, the tax base cost per share in Land Securities Group PLC will be 99.42% of the tax base cost per share of Land Securities PLC immediately before. (86.99% / 87.5%).
3) Rights Issue - 24 March 2009
The rights issue allowed for five (5) shares to be purchased at an issue price of 270p for every eight (8) shares that were held. Note: If shareholders did not take part in the rights issue the tax base cost would remain the same.
To calculate the total tax base cost:
Assuming participation and no fractions the tax base cost per share will increase to 112.49% of the base cost immediately before.
4) Return of Capital and share consolidation - 28 September 2017
On 28 September 2017 Land Securities Group PLC issued a B Share, valued at 60p, for each existing ordinary share in existence at that time. These shares were immediately cancelled and 60p paid to shareholders.
At the same time there was a 15 for 16 share consolidation (so the metrics for Land Securities Group PLC would remain similar and comparable).
The allocation of base cost was
The 15 for 16 share consolidation reduced the numbers of shares in issue by 6.25% (1/16th)
Therefore the tax base cost per share of the ordinary shares remaining after consolidation will be reduced to 99.95% of the tax base cost immediately before (93.75% / 93.80%).
Note: If there was a fractional share the calculation will be different. See example.
For the purposes of UK taxation there was a rebasing of asset values on 31 March 1982. Below is an example of the tax base cost of a share that has been held since that date.
Figures are rounded to the nearest penny for clarity.
The value (and tax base cost) of each share on 31 March 1982 was 287p.
i) The value of each share in Land Securities PLC after the 30 November 1983 capitalisation issue was 205p per share (5/7 the of previous tax base cost).
ii) The tax base cost of each new A share in Land Securities Group PLC after the 2002 insertion of the new holding company and share consolidation was 204p per share (99.42% of previous tax base cost).
iii) The tax base cost after the 2009 rights issue (assuming participation and no fractions) was 229p per share (112.49% of previous tax base cost).
iv) The value after the 2017 return of capital was 229p per share (204p if did not partake in the rights issue) (99.95% of previous tax base cost).