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Whether you need a retail space to rent in Leeds or an office to rent in London, we’ve got the commercial property to fit your needs. Or dive into our regeneration projects that are bringing new life to towns and cities around the UK.
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.
Across our operations and developments, we continue to divert all our operational waste from landfill. We are also committed to achieving at least a 75% annual recycling rate.
In 2023/24 we continued to divert 100% of waste from landfill, and recycled 66% of operational waste (2022/23: 68%). We are also embedding circular -economy principles across our developments, to minimise waste, and have achieved an 99.5% recycling rate for new developments.
Glass is infinitely recyclable to its highest environmental value (that is, as glass) if it is segregated properly, so at Portland House we’re working with our demolition contractors, Erith, to segregate it carefully. The glass then goes on to a specialist contractor, eventually to be re-melted as float glass. This improves on the traditional approach of mixing it with other waste to be used as aggregate.
Raised-access floor tiles are standard products in the real estate industry, of standard size and specification. They’re also typically wasted, discarded during strip outs and demolition, only to be replaced by new tiles serving exactly the same function. This is costly and environmentally wasteful, especially as the tiles will sit underneath a floor covering. Tiles can be salvaged, cleaned, re-tested and re-installed. We work with one of the UK’s largest recycling companies for raised floors, developing a product where refurbished second-hand tiles can be painted with low-VOC paint, to ensure visual consistency on show floors. We created a prototype during the works at Dashwood this year, which proved acceptable to many leasing and technical partners. We estimate the recycled tiles are at least 50% less carbon intensive than new ones which can significantly contribute to further reduce the embodied carbon of new developments.
In 2018 we launched our ‘Refill Me' campaign to help tackle the issue of single-use plastics. The campaign allows guests at our centres to request a free refill of water, in their own bottles, from brand partners without an obligation to make a purchase. Not only does this encourage people to refill reusable bottles, but also provides an opportunity for our brand partners to engage with our guests on sustainability and demonstrate that they are a responsible company.
Brand partners who sign up display a refill me sticker in their shopfront with animated digital signage and digital logos available for centres to advertise the campaign to guests. We continue to support our customers in reducing single use plastic by partnering with Ape2o and installing two of their filtered water dispensers within the public area of our One New Change and New Street Square sites. The machines allow the public to refill their own water bottles with chilled and sparkling water.
Three of our retail sites – including Westgate Oxford, – use eco food digesters, which use the process of aerobic digestion to break down up to one tonne of food waste a day into wastewater. This process not only ensures no food waste is taken to landfill, but it also contributes to a reduction in CO2 emissions by reducing the number of waste vehicles travelling to our centres.
Fashion and textile waste is an emerging and increasingly high-profile problem. We aim to show that action can be taken to protect the environment without placing retailers under financial strain. We’re responding to calls from the government to place a levy on fashion items by mobilising an alternative plan focused on collaboration rather than taxation.
Our first response to the textiles issue was a trial scheme, ‘spring clean, think green’, launched in March 2019 at Westgate. During that time, we invited guests to drop-off used clothes and shoes for recycling, gave them information on the possibilities created by recycling and incentivised them through competitions. Following this trial, we’re planning to roll out textile recycling to other destinations.
In 2023 we launched a partnership with The Salvation Army, bringing new clothing donation banks to three of our retail destinations to encourage sustainable consumption and disposal of used items. We aim to collect over 100 tonnes of donations in the first year and to roll the initiative our more widely across our retail sites.
Managing our waste
Food waste initiatives
In 2023 we launched a partnership with The Salvation Army, bringing new clothing donation banks to three of our retail destinations
In 2018 we launched our ‘Refill Me' campaign to help tackle the issue of single-use plastics.
With the change in climate, water stress is becoming an important risk to consider. We have already implemented a number of initiatives to improve water efficiency across our developments achieving more than 50% reduction in water consumption compared to a typical build on The Forge, SE1 and n2, SW1. We recognise however that more needs to be done and we will be undertaking water-management assessments at assets under our operational control to identify opportunities to use water more efficiently.
During 2023 we undertook water-management assessments across assets under our operational control, to help shape our water strategy for both our office and retail portfolios. As a result a programme of work was launched to improve water efficiency. This included:
What we buy and where we buy it matters at every level of our supply chain - from the design team and main contractor to the operatives on site and our suppliers producing materials across the UK and abroad. To get it right, we take a thorough approach to sourcing sustainable materials.
As part of our transition to net zero, we’re focusing on lean design, using innovative construction methods and low-carbon materials. We include carbon consultants in the design team from the very start, to guide decisions on the most carbon-efficient solution and we account for the embodied carbon implications of design options.
We’re committed to sourcing core construction products and materials responsibly. This includes environmental and ethical sourcing, health impacts, embodied carbon impacts and resource efficiency considerations.
Find out more about this approach here.
100% of our core construction materials are from responsible sources. In 2021 signed up to SteelZero, committing to purchasing 50% of our steel as low carbon by 2030, and 100% by 2050. We also signed up to ConcreteZero in 2022, which will influence collective purchasing power across our industry as it sends a strong signal about demand, to shift global markets and policies towards responsible production and sourcing.
We recognise that supply chains in construction are often fragmented and transient. Across our development pipeline, we have early in-depth conversations with specialist contractors, to be able to influence design and specification, and we request information from suppliers to improve transparency in our decision making.
Our guidelines for our developments are set out in our Materials brief which is circulated at the start of any project. Core construction materials including steel, concrete, hard landscaping and facades should always come with responsible sourcing certification. Where certification isn’t available, we ask for evidence of basic health, safety and environmental management. And for every development we always target FSC Project Certification, to guarantee timber is from responsible sources.
The Global Slavery Index shows that certain countries have a substantial risk of slavery in manufacturing. Our Prohibited Materials list, included within our Materials brief provides guidance to design teams on materials that we would avoid, prefer and those that would be ideal. From avoiding laminated glass to recommending air purifying paints, the list states clearly our expectation of high quality and thoughtful design. So, when our designers specify materials or our contractors buy materials from outside the EU, will engage our suppliers to ensure our expectations are met. Sometimes this will be in the form of an assessment, where we check suppliers against fair pay and labour standards using tools like SEDEX, EcoVadis and SA8000.
We’re laying out our expectations from our partners clearly, so we can address human rights challenges within the industry and discuss how we’ll work together to increase transparency and minimise risk. Our Materials brief includes our Prohibited Materials List, which helps strengthen our fight against modern slavery in the sourcing of construction materials. The brief sets out prohibited materials in our construction activities based on health impacts, responsible sourcing, embodied impact and resource efficiency.
Production of cement for use in concrete creates approximately 8% of total global carbon emissions. At our Mayfield regeneration scheme, we’ve therefore tested Concretene, a pioneering low-carbon material that has the potential to transform the global construction sector by providing an alternative to traditional cement. Concretene uses a product called graphene to significantly improve the mechanical performance of concrete, allowing for reductions in the amount of material used and the need for steel reinforcement. We were the first developer to employ Concretene on a commercial scheme and have used it to create a 54x14m mezzanine floor.
SteelZero steel must meet ResponsibleSteel standards or be produced by a steelmaking site where the owner has defined and made public both a long-term emissions-reduction pathway and a medium-term, quantitative-science-based GHG emissions target such as a science-based target approved by the SBTi (Science Based Targets initiative).
What’s on the surface matters too, and for our material finishes we’re recommending we select, wherever possible, natural low-carbon materials that can be sourced locally.