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.
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.
Annual results 2024
Land Securities Group PLC announced its annual results for the twelve months ended 31 March 2024 on Friday 17th May 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
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.
For us, sustainability is about the actions we take to fulfil our purpose so Landsec prospers far into the future. We want customers to prefer our spaces. We want communities to be pleased it’s us operating in their area. We want partners to share our priorities. And we want employees to invest their energy and ambition here.
To deliver this we’ve set 22 sustainability targets, within our Build Well, Live Well Act well framework. This section includes a summary of our performance against those commitments and our key disclosures.
Updated science-based carbon reduction target (SBT): achieve net zero emissions across the value chain by 2040• Near-term target: reduce absolute Scope 1,2 and 3 GHG emissions by 47% by 2030 from a 2019/20 baseline• Long-term target: reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2040 from a 2019/20 baseline
24% absolute carbon reduction
Reduce average upfront embodied carbon by 50% compared with a typical building by 2030 by prioritising asset retention where possible, smart design and using sustainable materials
40% average upfront embodied carbon reduction across development pipeline
Updated energy intensity target: reduce energy intensity by 52% by 2030 (for properties under our operational control for at least two years) compared with a 2019/20 baseline
18% energy intensity reduction
Source 85% of total energy (electricity, gas, heating and cooling) consumption from renewable sources by 2030
68% total energy from renewable sources
Ensure 100% of assets located in areas highly exposed to climate risks have adaptation measures in place
Assets located in areas highly exposed to physical risks continue to ensure adequate protection and mitigation plans are in place, including Business Continuity and Emergency Response Plans
Deliver our nature strategy and associated targets across our operational assets and development schemes measuring progress against our three principles:• Improving biodiversity in the built environment: Biodiversity net gain (BNG)• Promoting health, well-being and community engagement: Environmental Benefits for Nature (EBN)• Creating nature-based solutions to mitigate and adapt to climate change: Urban Greening Factor (UGF)
This year we published our new nature strategy and suite of updated targets.• Operational assets: performance against all metrics to be reported every 2 years with next update due 2025/26• Developments: performance to be reported on project completion basis
For every development, source 100% of core construction materials from ethical and sustainable sources, extending this across our full supply chain in due course
100% of core construction materials with a responsible sourcing certification
Promote reuse and circular economy principles and achieve at least 75% annual recycling rate across our portfolio and new developments
• Recycling across operations: 66%• Recycling across new developments: 99.5%
Undertake water management assessment across assets under our operational control, ensuring water is used efficiently
For operational assets, the water management assessments carried out last year continue to help shape our water strategy for both workplace and retail portfolios.For new developments, we follow our Sustainable Development Toolkit to incorporate water efficiency, and explore the use of water recycling strategies.
To see all our Build Well, Live Well and Act Well targets, please click here.
From a 2019/20 baseline, empower 30,000 people facing barriers into employment with the skills and opportunities to enter the world of work by 2030
• 10,249 people facing barriers supported into employment since 2019/20• 3,182 people supported through Landsec Futures in 2023/24
From a 2019/20 baseline, deliver £200 million of social value in our local communities by 2030, addressing social issues relevant to each area
• £54m of social value delivered since 2019/20
• £28m of social value delivered in 2023/24
We will design, develop and manage our assets and new developments to be accessible ensuring everyone feels like they belong.
This year to make our places more inclusive and accessible we:• added a new Inclusion Index to our employee engagement survey to measure progress in creating an inclusive culture• made D&I criteria part of our procurement process• introduced requirements for disability training for customer-facing staff• rolled out stoma-facilities across our retail portfolio• celebrated the diversity of our communities through events for Pride, Eid, Purple Tuesday and Black History Month
Actively recruit, retain and progress a diverse workforce at all levels and nurture and support diverse talent into the wider real estate industry Gender targets by 2030: 40:40:20* Ethnic minority representation targets by 2030:• Board (20%)• Executive (20%)• Senior Leader (18%)• Leader (18%)* Our 40:40:20 gender diversity targets mean that we will have a minimum of 40% women and 40% men in the relevant population. 20% is flexible accounting for the small headcount and diversity beyond the gender binary.
Gender diversity:• Board: 40% female/ 60% male• Executive: 40% female/ 60% male• Senior Leader: 38% female/ 62% male• Leader: 36% female/ 64% maleEthnic minority representation:• Board: 10%• Executive: 10%• Senior Leader: 0%• Leader: 7%
Promote a culture which enhances Landsec colleagues’ wellbeing, having relevant policies and delivering impactful campaigns
This year we introduced improved benefits to support working parents including:• increased partners leave from 2 weeks full pay to 6 weeks full pay• introduced up to 4 weeks paid leave for those undergoing fertility treatment• introduced better support to help those returning from 26 weeks or more family-related leave
Achieve WELL portfolio programme annually for our directly managed office portfolio and new developments setting a baseline score against which we will aim for continual improvement
This year we:• continued to roll out the International WELL Building Institute’s (IWBI) WELL Portfolio programme across our operational assets• achieved WELL Core Platinum on eight assets• were awarded WELL Equity Rating and WELL H&S Rating at 16 of our assets
All Landsec colleagues to have individual objectives to support the delivery of Build well, Live well, Act well with a proportion of remuneration linked to our energy and carbon targets.
Landsec colleagues commit to setting sustainability objectives as part of our sustainability training and ESG metrics are included in the Long-Term Incentive Plan (LTIP) and Annual Bonus Plan for Executive Directors and employees.
Build relationships with our customer base (office and brand partners), establishing partnerships to drive improved sustainability performance for mutual gain
Since 2021/22 we have completed 38 energy audits for our highest energy-consuming office occupiers, accounting for 56% of our total tenant consumption across our office portfolio. We identified potential annual energy savings of 10-40% for the majority of customers.
Of the first 18 occupiers participating in the customer engagement programme, overall they have achieved a 20% electricity reduction compared to 2019/20.
Build relationships with our strategic suppliers ensuring compliance to our Supplier Code of Conduct and enhancing sustainable practices throughout our supply chain
We continue to work with our suppliers to achieve our sustainability commitments and support positive change beyond our own business. Since publishing our Supply Chain Commitment in 2022, over 300 suppliers have signed up, which includes almost 80% of our strategic suppliers.
Provide safe, healthy and secure environments for those who work, visit, live and relax across our managed portfolio, maintaining ISO 45001 and BS 9997 certifications, as well as continually going beyond compliance delivering data-led and risk-prioritised improvement actions and leading the industry on fire safety
This year we maintained our ISO 45001 certification, having undergone a full certification re-assessment by independent auditors.
We undertook a project during the year to identify whether reinforced autoclaved aerated concrete (RAAC) was present in our portfolio.
We have also maintained our fire-safety management-system certification to the BS 9997 standard.
Ensure all colleagues have read, understood and are following our Code of Conduct and underlying policies and standards which set out how we do things building on the foundations of our purpose and values
This year, we have refreshed our employee code of conduct, updating our policies and content on harassment and bullying, inside information, buying and selling Landsec shares, staying cyber-secure and speaking up.
Pay our colleagues the Real Living Wage and work with our suppliers to do the same
We continue to pay all our direct employees the Real Living Wage and encourage our suppliers to pay all those who work on our behalf the Real Living Wage. This year, as part of our new operations model and the implementation of our Future of Facilities Programme we welcomed new specialist facilities management partners who are committed to paying their colleagues the Real Living Wage as a minimum.