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.
18 May 2017
“Land Securities has delivered a healthy performance driven by a clear strategy and decisive action. Revenue profit is up due to new rents from our successful development programme and reduced interest costs outweighing the impact of last year’s disposals. Our levels of financial and operational gearing are at historic lows, placing us in an excellent position during a period of geopolitical and economic uncertainty”, said Land Securities’ Chief Executive, Robert Noel.
“Revenue profit increased by 5.5% to £382m, and adjusted diluted earnings per share by 5.7% to 48.3p, while adjusted diluted NAV per share is down marginally over the year at 1,417p. We’ve continued to proactively manage both sides of our balance sheet; this year, we’ve refinanced over £690m of our bonds and extended the term of our debt with the issue of £700m of new bonds. Our LTV remains virtually unchanged at 22.2%. Since the year end, we have refinanced a further £273m of bond debt.
“In London, we’ve completed the 3.1 million sq ft speculative development programme commenced in 2010 and have our longest ever average unexpired lease term, as planned. We now have just 283,000 sq ft available to let. The majority of this space is in Nova, a spectacular new addition to Victoria, which completed last month and is now 54% let. We have a 1.4 million sq ft pipeline of future development opportunities to exploit when the time is right.
“In Retail, the transformational changes we’ve made over the last few years have led to a particularly strong performance relative to the sector. Westgate Oxford is 80% pre-let or in solicitors’ hands and on track to open in October, delivering an eagerly anticipated retail heart for the city. In Leeds, our leisure extension at White Rose reached practical completion in March and is fully let. Since the year end, we’ve acquired a portfolio of three outlet centres for £333m, establishing our position as the leading owner-manager of outlets in the UK.
“The success of our development programme, combined with the interest savings we have achieved, sees us recommend a final dividend of 11.7p which increases the dividend for the year by 10.1%.
“Our strategy has put us in robust health, with significant capacity and agility to make acquisitions when the time is right. We’re confidently positioned for the future.”
(1) An alternative performance measure. The Group uses a number of financial measures to assess and explain its performance, some of which are considered to be alternative performance measures as they are not defined under IFRS. For further details, see table 15 in the Business Analysis section in the full RNS announcement.
(2) Including our proportionate share of subsidiaries and joint ventures, as explained in the Financial Review in the full RNS announcement.
(3) The % change for the valuation deficit represents the decrease in value of the Combined Portfolio over the year, adjusted for net investment.
- £28m of investment lettings
- £13m of development lettings
- Acquisitions, development and refurbishment expenditure(1) of £301m
- Disposals (1) of £413m
- Supported a further 183 people from disadvantaged backgrounds into jobs through our Community Employment Programme
- Reduced carbon intensity (kgCO2/m2) by 18.5% compared to 2013/14 baseline
- Ungeared total property return(1) of 3.7% (IPD Quarterly Universe 4.6%)
- Total business return(2) of 1.4%
- Combined Portfolio(2) valued at £14.4bn, with a valuation deficit(2) of 1.0%
- Voids(1) in the like-for-like portfolio: 4.6% (31 March 2016: 2.4%)
- Group LTV ratio(2) at 22.2% (31 March 2016: 22.0%), based on adjusted net debt(2) of £3.3bn (31 March 2016: £3.2bn)
- Weighted average maturity of debt at 9.4 years (31 March 2016: 9.6 years)
- Weighted average cost of debt at 4.2% (31 March 2016: 4.9%)
- Cash and available facilities of £1.6bn
- Full year dividend of 38.55p, up 10.1%
- 1 & 2 New Ludgate, EC4 now fully let
- 20 Eastbourne Terrace, W2 now completed and fully let
- 1 New Street Square, EC4 now completed and fully let
- Nova, Victoria, SW1, now completed and 54% let
- Westgate Oxford on track to open in October, now 80% pre-let or in solicitors’ hands
- 21 Moorfields, EC2 demolition complete and ground works starting in the summer Recognition
- Winner: Most Inspiring Energy Reduction Project at the Energy Management Awards 2016 (London Portfolio)
- Winner: RICS Best Commercial Building Award 2016 (1 & 2 New Ludgate, EC4)
- Winner: Property Marketing Commercial Development of the Year Award 2016 (The Zig Zag Building, SW1)
- Winner: BREEAM Offices Refurbishment and Fit-Out Awards 2017 (100 Victoria Street, SW1)
- Winner: Revo Opal Best Mall Retail Award 2017 (White Rose, Leeds)
- Winner: Aurora Grand Prix Award 2017 (Buchanan Galleries, Glasgow)
(1) For further details, see the Business Analysis section in the full RNS announcement.
(2) An alternative performance measure. The Group uses a number of financial measures to assess and explain its performance, some of which are considered to be alternative performance measures as they are not defined under IFRS. For further details, see table 15 in the Business Analysis section in the full RNS announcement.
All measures above are presented on a proportionate basis, as explained in the Financial Review in the full RNS announcement.
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