Landsec news and archive

Landsec reports strong Golden Quarter as sales and footfall increase

UK real estate firm Landsec welcomed strong results for the Golden Quarter, with its portfolio of major retail destinations “outperforming external benchmarks” as footfall and sales continued to grow. Over 800 million pounds was spent in Landsec destinations during the period, coming ahead of expectations, with overall spending increasing 3.8...

Retail

Landsec secures 92 percent stake in Liverpool One

Real estate firm Landsec has announced the acquisition of a 92 percent stake in UK shopping centre Liverpool One, for an overall consideration of 490 million pounds. The stake was snapped up from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), which previously held a 69 percent stake, and property group Grosvenor, which...

BusinessMember

Landsec adjusted earnings up in half-year report

Real estate firm Landsec has reported its financials for the half-year ended September 30, 2024, during which time it bounced back to a profit before tax of 243 million pounds, up from a loss of 193 million pounds in the year prior. The company cited a 0.9 percent uplift in portfolio value as a core driver, while Central London and major retail...

Retail

Landsec to invest 17 million pounds into former Debenhams unit

Real estate group Landsec has submitted a planning application as part of a 17 million pound investment into transforming a former Debenhams unit at St David’s in Cardiff. The proposal builds on a targeted strategy of investment, Landsec said, as it looks to strengthen its portfolio of catchment dominant retail destinations. The move is in...

Retail

Landsec submits second planning application for Gunwharf Quays

Real estate firm Landsec has submitted its second planning application to the Portsmouth City Council in regards to its planned investment into Gunwharf Quays. The programme, valued at 45 million pounds, looks to build on the outlet shopping centre’s position in the UK market, as it looks to secure both new and returning guests in the coming...

Retail

Sustainable retail could boost UK economies by 100 million pounds, report says

Sustainable retail locations could help brands achieve double-digit revenue growth and inject almost 100 million pounds into local UK economies over the coming 10 years, according to a new report. New modelling, carried out by property giant Landsec and Bradshaw Advisory, found that brands opting to rent space in sustainable locations rather...

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Landsec COO to step down as company’s growth strategy develops

Land Securities Group (Landsec) has announced that its chief operating officer Colette O’Shea is set to leave the company from March 31, 2023, after a transitional period. It comes as the real estate business announced the next phase of its growth strategy, which it began implementing in 2020 under CEO Mark Allan. In a release, Landsec said it...

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Landsec reportedly in talks to take controlling stake in Bluewater Shopping Centre

Landsec is reportedly in talks to buy Landlease’s 25 percent stake in Bluewater Shopping Centre for a knockdown price of 200 million pounds. The two British property giants are close to agreeing on the deal, sources familiar with the talks told Property Week. If the deal goes through, it would bring Landsec’s stake to 55 percent, giving it...

People

Landsec appoints new head of ESG and sustainability

British shopping centre operator Landsec has named Jennie Colville as its new head of ESG and sustainability. Colville has 20 years of experience working in sustainability and joins from Capita where she spent three years as responsible business director. Prior to that, she held various roles at both public and private sector companies including...