Find a space
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.
Our 2023 Impact Report
Our 2023 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.
Our 2020 Annual Report
Welcome to Landsec. We buy, develop, manage and sell high-quality office, retail and leisure space, to create positive experiences for people in the places they work, shop, socialise and live. Our aim is to create total shareholder returns, along with significant social and economic value for all our stakeholders.
27.0p
Dividend per share, up 16.4%
33.9p
Adjusted diluted earnings per share (2020: 55.9p)
985p
EPRA net tangible assets per share, down 17.4%
-15.9%
Total business return (2020: -8.2%)
£(1,393)m
Loss before tax (2020: £(837)m)
£6.5m
Social value created during the year
Our balance sheet remains strong and our £1.2bn of cash and available facilities gives us plenty of capacity to withstand a reduction in cash flow from rents and progress our development programme.
9.6 years
Weighted average maturity of debt
£1.2bn
Cash and available facilities
We have over 4 million sq ft of development opportunities and are making good progress across our London development programme.
Importantly, we have created within this pipeline the flexibility to allow us to slow down our commitments while still progressing the sites, as we deal with the impact of Covid-19.
Over 4 million sq ft
Our development opportunities in London
1 million sq ft
We are active at four schemes totalling 1 million sq ft, of which 56% is pre-let
Our stakeholders include our customers, communities, partners, employees and investors. To thrive, we need strong relationships with them all.
Understanding and meeting their short-term needs and longer-term aspirations and expectations is an essential part of how we create sustainable economic and social value.
With sustainability and wellbeing in mind, we always apply innovative thinking to our activity.
Today's technology helps us build faster, more cheaply, with reduced wastage and a lower environmental impact, using lower-carbon materials.
We also seek WELL Certification, a scheme that puts occupant health and wellbeing at the centre of building design.
Even with a great breadth and depth of experience, and world-class skills including asset management, development, design, technology and finance, we are constantly striving to improve.
This year, combining some functions in our merged London and Retail portfolios has enhanced efficiency, innovation and the sharing of knowledge.
A strong balance sheet Our balance sheet remains strong and our £1.2bn of cash and available facilities gives us plenty of capacity to withstand a reduction in cash flow from rents and progress our development programme. 9.6 years Weighted average maturity of debt £1.2bn Cash and available facilities
A significant pipeline of development opportunities We have over 4 million sq ft of development opportunities and are making good progress across our London development programme. Importantly, we have created within this pipeline the flexibility to allow us to slow down our commitments while still progressing the sites, as we deal with the impact of Covid-19. Over 4 million sq ft Our development opportunities in London 1 million sq ft We are active at four schemes totalling 1 million sq ft, of which 56% is pre-let
Our stakeholders Our stakeholders include our customers, communities, partners, employees and investors. To thrive, we need strong relationships with them all. Understanding and meeting their short-term needs and longer-term aspirations and expectations is an essential part of how we create sustainable economic and social value.
A growing culture of innovation With sustainability and wellbeing in mind, we always apply innovative thinking to our activity. Today's technology helps us build faster, more cheaply, with reduced wastage and a lower environmental impact, using lower-carbon materials. We also seek WELL Certification, a scheme that puts occupant health and wellbeing at the centre of building design.
An expert team Even with a great breadth and depth of experience, and world-class skills including asset management, development, design, technology and finance, we are constantly striving to improve. This year, combining some functions in our merged London and Retail portfolios has enhanced efficiency, innovation and the sharing of knowledge.
Since Covid-19 began impacting our business in March, we have responded quickly to ensure our stakeholders are supported and the resilience of the business is maintained.
We established teams to support our priorities during the pandemic ranging from employee and customer support, operations and corporate affairs through to internal functions including finance and tech.
We have also been working on plans for how Landsec and our markets will emerge from the current conditions based on a number of scenarios to ensure we are well placed to respond quickly for our customers and focus on strategic priorities.
Read more about our response here
We’ve always taken sustainability seriously and, as a leader in our sector, have made a commitment to becoming a net zero carbon company by 2030. There are five elements to our strategy for achieving this.
We measure the contribution we make to the UK economy. This may be through our own activities or through the spaces and places we create, which allow others to thrive.
£11.7bn
Total contribution to the UK economy each year from people based at our assets
£4.4bn
Our ten-year contribution to the economy through property development
128,800
Number of people working across our workplace, retail and leisure destinations
44,900
Number of jobs created in construction through our development activities over the last decade
The early part of the financial year was affected by significant political uncertainty. However, following the general election in December 2019, there was an initial wave of optimism and clear signs of an improving economic outlook and real estate market. This was halted abruptly by the effect of, and response to, the Covid-19 pandemic in the final weeks of the financial year.
To create value, we buy, develop, manage and sell property, drawing on a range of financial, physical and social resources along the way.
We focus on maximising financial, physical and social value by providing the spaces and environments that allow businesses and people to thrive. Our Combined Portfolio includes office space in London, and retail, leisure and hotel assets across the UK.
Good governance is vital in any year, but this year it has been a critical foundation for Landsec’s response to Covid-19, providing a framework for effective decision-making and addressing the changing needs of our stakeholders.
We set financial and non-financial KPIs in line with our strategy. They provide clear direction for our people and a measure of our progress in 2021.
Strong corporate governance and culture underpins performance, inspires trust and is essential to Landsec’s long-term success.
Investor Relations - equity
+44 (0) 20 7413 9000
