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Introducing Below The Lights
Below The Lights opened in summer 2024 in the heart of London - under the famous Piccadilly Lights.A unique Spotlight space for immersive events, Below The Lights is a place where brands can create memorable experiences and incredible media campaigns.
About
We build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.
Impact report
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%.
Investors
Discover the strategy that drives our success, as we create sustainable value for our three types of investor: institutional, private and debt.
Half Year Results 2024
Land Securities Group PLC announced its half year results for the six months ended 30 September 2024 on Friday 15 November 2024
Creating valuable places
We enter the coming year with a renewed sense of clarity and purpose.
Sustainability
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
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.
We are working to Let Nature In
We’re letting nature into the design, development, and management of our spaces. We’re improving biodiversity; promoting health, wellbeing and community engagement by creating green spaces; and creating nature-based solutions to mitigate and adapt to climate change.
Careers
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
Reverse mentoring for an inclusive future
Earlier this year, nine executive leadership team members (ELT) were each paired with a more junior colleague for a six-month reverse mentoring opportunity.
27 June 2023
Landsec has pre-let an additional 50,000 sq ft of office space at Lucent, its landmark scheme located directly behind London’s iconic Piccadilly Lights, bringing the building to 77% pre-let ahead of completion later this summer. With only one floor remaining, the robust leasing momentum at Lucent demonstrates the strength of the occupier market, where demand for the best quality space remains competitive.
A St James’s based international hedge fund is the latest customer to commit to Lucent and have signed for two floors, almost doubling the size of its current UK headquarters.
Lucent is located directly behind London’s iconic Piccadilly Lights, where the vibrancy of Soho, Mayfair, and St James's converge. Providing best-in-class offices alongside new retail, hospitality and residential spaces, Lucent is a unique offering in the heart of the West End.
This latest agreement follows on from Landsec’s recent annual results, where it announced that it had £48m of lettings signed or in solicitors’ hands as of March 2023, with deals 5% ahead of valuers’ assumptions. The market for prime offices in London’s West End is especially strong, with 99.5% of Landsec’s existing portfolio in the area fully let.
Once complete, Lucent will provide 121,000 sq ft of prime office space across six floors, and will host two of Landsec’s office products; Blank Canvas and Myo, Landsec’s flexible office brand which provides tailored, high-quality spaces on flexible leases. The scheme also offers 20,000 sq ft of new retail and leisure space for brands looking to grow their presence in one of London’s best-known locations, including a landmark rooftop restaurant.
Lucent has been designed to optimise employee wellbeing and is on track to achieve a Gold WELL accreditation. It will feature 20 outdoor terraces and will be home to over 600 plants, including a three storey green wall. The offices will be illuminated by a light-filled central atrium, the focal point of which will be a feature Whitebeam tree.
Oliver Knight, Head of Workplace at Landsec said: “The occupier market for prime offices in central London is proving to be resilient despite macro headwinds. With a large amount of space at our committed development schemes now either pre-let or in solicitors’ hands, we’re confident that the demand for best in class offices will continue.
“Prime spaces like Lucent, which have wellbeing, sustainability and amenities baked into their design are continuing to attract customers as the expectations of businesses and their employees evolve. With a growing pipeline of well connected, amenity rich spaces, we’re primed to work in partnership with existing and new customers to meet their evolving workplace needs.”
Landsec were advised by Cushman & Wakefield and CBRE. The customer was advised by Knight Frank. Lucent is due to complete summer 2023, it is designed by architects Fletcher Priest and construction is led by Wates.
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