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.
3 July 2020
In response to the continued impact of Covid-19 on Landsec’s operations, the Company has issued the following update on June rent collection and other relevant information.
In line with government guidance, our shopping centres, outlets and retail parks are open, with encouraging levels of footfall. Our high-quality office estate is open and we are seeing early signs of growing occupancy as customers return to work. Construction continues at our committed development scheme at 21 Moorfields, EC2, and we are progressing the build-to-grade works at our other sites.
All of our office properties have remained open, and we continue to work with our customers as they plan their return to our buildings.
Following the easing of restrictions on non-essential retail in England, Scotland and Wales, all our shopping centres, outlets and retail parks are open. As at 30 June, 79% of the retail units were trading and 16 of our 18 leisure parks were open. Our Accor managed hotels remain closed to the general public. Accor will phase the opening of the hotels over the next three months.
In England, for the two-week period since non-essential retail opened on 15 June, footfall in our centres was 60% of the level achieved in the equivalent period last year and like-for-like store sales were 80% of the level achieved last year. Over the same two-week period, average transaction values were up 22% compared with last year.
£122m of rent was due on the 24 June rent payment date. Taking concessions and deferrals into account, the net rent due was £109m. 60% of the net rent due on 24 June was paid within five working days compared with 94% for the equivalent period last year. The table below shows the amount and percentage collected within five days of the due date with a comparison to last year.
Of the amount outstanding, £3m relates to customers who have withheld payment pending documentation of agreed concessions.
Covid-19 has resulted in some customers taking longer to pay their rent and we continue to have supportive and constructive dialogue with our customers. 75% of rent due on 25 March has now been received (up from the 65% collected after five working days). There was an increase across all segments, particularly in Office, now at 98%. Overall, £30m of rent due on 25 March remains outstanding of which £5m relates to concessions and deferred payments which have subsequently been agreed with customers.
Although some restrictions on our customers are beginning to be lifted, our focus on supporting them through the pandemic is unchanged, particularly for those most in need. In March, we established a fund to provide up to £80m of rent relief and, to date, £9m of concessions has been allocated to customers, broadly in line with our expectations at this point. We continue to have supportive and constructive dialogue with our customers and expect to make further allocations of the fund, particularly as the commercial rent moratorium comes to an end. In addition, £4m of deferred payments have been agreed with retail and leisure customers.
Landsec remains in a financially robust position. At 30 June 2020, our adjusted net debt was £3.92bn compared with £3.93bn at 31 March 2020, pro-forma group LTV was 30.6% using March 2020 valuations (31 March 2020: 30.7%), and we had £1.20bn of cash and available facilities.
The Board has reviewed the position on future dividend payments and intends to reinstate payments following the half-yearly results announcement on 10 November 2020. The size and timing of our interim dividend will be confirmed with the publication of the half-yearly results.
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