Westgate hero image
Our Impact

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.

At Landsec, we believe our role is to create value. For our business, our shareholders, customers, colleagues, partners and local communities. Our purpose sits at the heart of everything we do: sustainable places, connecting communities, realising potential. 

This purpose is brought to life through the places we own and the communities they are part of. To help to quantify our contribution, we’ve assessed the full impact our places and activities have across the UK, be that through creating jobs and spending, supporting public resources and building sustainable communities. Understanding our impact helps us identify where we’re already adding value, but more importantly it highlights areas where we can have an even greater impact. 
 

Mark Allan, Chief Executive

114k jobs

(direct and indirect) across our UK portfolio of 112 assets

£14.3bn

per annum contribution to the UK economy

£4.8bn

capital investment over last 10 years and 48,245 jobs through our construction activity

At Landsec, we believe our role is to create value. For our business, our shareholders, customers, colleagues, partners and local communities. Our purpose sits at the heart of everything we do: sustainable places, connecting communities, realising potential. 

This purpose is brought to life through the places we own and the communities they are part of. To help to quantify our contribution, we’ve assessed the full impact our places and activities have across the UK, be that through creating jobs and spending, supporting public resources and building sustainable communities. Understanding our impact helps us identify where we’re already adding value, but more importantly it highlights areas where we can have an even greater impact. 
 

114k jobs

(direct and indirect) across our UK portfolio of 112 assets

£14.3bn

per annum contribution to the UK economy

£4.8bn

capital investment over last 10 years and 48,245 jobs through our construction activity

Our economic contribution

We’re one of the largest commercial property companies in Europe and our diverse portfolio of over 100 unique locations delivers great places for people to shop, work, live and spend time.

→ 114,150 jobs (direct and indirect across our UK portfolio of over 100 assets)

→ £14.4bn per annum contribution to the UK economy 

→ £4.8bn capital investment over the last 10 years and 48,245 jobs through our construction activity

 

 

Our business

Landsec makes a significant contribution to the economic prosperity of the UK but that starts with our people and our purpose. We have approximately 600 employees based around the UK and aim to provide them with great careers. 

→ £8.2bn GDP contribution across our estate

→ £13.8m UK tax contribution per annum 

→ £4.8bn capital investment over the last 10 years

Our customers

Our most significant overall economic contribution comes from a combination of our property portfolio including all the places that we build, manage and grow, alongside the world-class businesses and brands who occupy our fantastic workspace, leisure and retail space.

→ 3,000 direct customers leasing space across our UK portfolio 

→ c.83,000 direct and indirect jobs created and sustained

→ £5.7bn direct economic contribution per annum

Our partners

Our business model of developing and operating properties relies on a network of suppliers. We work with around 170 UK-based companies on a contracted or annual basis.

→ £119m - GDP contribution of our supply chain per annum

→ £57m - paid in wages by our partners per annum 

→ 2,387 - workforce jobs supported by our partners

Report highlights

Download our Impact Report to find out more

Social Value

At Landsec we believe that through a focus on improving social mobility and the opportunities for people of all backgrounds to build fulfilling careers in real estate will unlock further economic growth for the places where we invest and the UK more widely.

That’s why this year we launched Landsec Futures, a £20m fund that aims to deliver around £200m of social value by 2030, supporting at least 30,000 people from underrepresented socioeconomic backgrounds towards long-term employment. It will also provide the chance to increase the diversity of talent across the industry and in our business.

Find out more about Landsec Futures
Landsec employees

Environmental Value

We firmly believe that improving environmental sustainability in the built environment is a moral and commercial imperative and we are committed to playing our part. In accordance with the Science Based Target initiative’s (SBTi) Net-Zero Standard which aligns business action with the latest climate science, we’ve committed to becoming a net zero carbon business by 2040 and have a near-term target to reduce our emissions by 47% from a 2019/20 baseline by 2030.

Find out more about our £135m net zero transition investment plan
Clarks Village

Get in touch

Chris Hogwood

Chris Hogwood

Managing Director, Corporate Affairs & Sustainability

+44 20 7413 9000

Sara Doggett

Sara Doggett

Head of Corporate Affairs

+44 20 7413 9000