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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.
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.
Annual Results 2025
Land Securities Group PLC announced its Annual results for the six months ended 31st March 2025 on Friday 16 May 2025
Strong leadership. Refreshed strategy. Clear purpose.
We enter the new financial year having put in place the building blocks for further growth with the release of our updated strategy.
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.
Sustainability Performance and Data Report 2025
We are committed to reporting our performance, methodology and data every year in a transparent way. In this report you will find details of our performance against our Build well, Live well, Act well sustainability targets.
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.
To support the world in limiting global warming to 1.5ºC we are committed to transitioning to net zero by 2040, whilst building resilience to climate change. Our ambitious science-based carbon reduction target (SBT) will see us reduce our scope 1, 2 and 3 emissions by 47% by 2030 and by 90% by 2040 from a 2019/20 baseline.
Starting with The Forge, the UK’s first commercial development to have been designed in line with the UK Green Building Council’s definition of a net zero building, all our future developments will be net zero.
Our £135m Net Zero Transition Investment Plan (NZTIP), launched in 2021, is key to achieving our SBT and we are making strong progress. To date, we have invested £32m, including transforming our office buildings by replacing existing heating and cooling systems with air source heat pumps (ASHPs) and installing Solar PV across our retail sites. Our portfolio is 100% compliant with the 2023 MEES EPC E or above requirements. In addition, 56% of our portfolio – 51% of offices and 61% of retail - is already EPC B or above.
Following the publication of the Transition Plan Taskforce (TPT) Disclosure Framework in October 2023, we have been developing our Climate Transition Plan, mapping out the actions we need to take to decarbonise our business and reach net zero across our value chain by 2040.
The most effective way to decarbonise a building is to rethink its heating and cooling systems. That's why by 2030, we're planning to retrofit our entire London office portfolio, replacing gas systems with around 70 air-source heat pumps or alternative solutions. The installation programme is progressing at pace, with around 40 ASHPs being installed to completely remove gas across five buildings in Victoria and the City.
In March 2025, Dashwood House was our first ASHP installation project in an occupied building to complete. The building is now powered by five new ASHPs on the roof, running solely on electricity from renewable sources. As a result, the building has achieved an EPC rating of B, and is expected to reduce energy usage for heating and cooling the building by 50%, with further carbon reduction expected as the electricity grid decarbonises.
We’re committed to increasing the amount of renewable electricity generated on our sites and pioneering low carbon technologies to improve the efficiency of our assets. Since 2016 we have sourced 100% of our electricity supplies for the sites we manage through our corporate contract from REGO-backed renewable sources through our corporate contract with SmartestEnergy.
Download our 2023-2026 Renewable Electricity Certificate
We’re proud to have been the first property company to join RE100, a group of influential businesses committed to renewable energy. We're seeing more on-site renewable generation come to life, including the installation of solar panels at eight of our retail sites.
Solar PV We continue increasing our on-site renewable electricity generation, including the installation of solar panels at eight of our retail sites, which will reduce CO2 by 600 tonnes per year - the equivalent to planting 24,000 mature trees. In 2025 we completed the installation of almost 1,300 solar panels at Gunwharf Quays, adding to the existing array to generate 23% of landlord total electricity demand.
Using less energy is fundamental if we’re to meet our long-term emission targets and keep making our spaces affordable for customers. As such, we are committed to reducing energy intensity by 52% by 2030, from a 2019/20 baseline.
In line with our ISO 50001 Energy Management System, every property we operate has its own energy reduction plan. Our ISO Certification can be found here.
We’re working to reduce our consumption though the following initiatives:
Air source heat pump retrofitHaving started replacement works in 2023/24, the installation programme is progressing at pace, with around 40 ASHPs being installed to completely remove gas across five buildings in Victoria and the City.
Building Management System (BMS) optimisation In 2023/24 we completed BMS reviews and implemented recommended optimisations at 11 operational London assets, with expected energy savings of between 5% and 15% per building.
AI trialIn 2023/24 we ran a 12-month trial with Brainbox AI at 80 – 100 Victoria Street, where the technology controls heating and cooling. An additional 5% energy savings is expected.
We aim to be recognised as a leading provider of sustainable places, supporting our customers to achieve their sustainability ambitions. To enhance awareness of the sustainability credentials of our buildings and the impact of our programmes, we launched a suite of communications in October 2024, including our new quarterly customer newsletter ‘One Workplace’, and providing sustainability updates in customer meetings.
We continue collaborating with our customers to promote sustainable behaviour, meet shared sustainability goals and deliver cost savings. Over the past three years, we have delivered energy audits for 38 of our office occupiers, reviewing their energy use and recommending ways to save as much as 15% energy usage annually. Building on these findings, we identified key learnings applicable to all of our customers, and over the past year our Workplace team have shared these insights with a total of 54 customers, advising on energy-saving initiatives, and tracking implemented actions.
To date 23% of the 300+ recommended measures have already been implemented by our customers, with an additional 45% agreed to be delivered through Landsec-led interventions. We are also empowering our service partners with training on our lighting control systems, enabling them to actively drive energy savings for our customers
We recognise that we also have an important role to play in influencing emission reduction of our supply chain and customers.
Find out more about our supply chain commitments here.
Every year we report on the entire range of measurable carbon emissions associated with our business, including the energy we use heat and power our managed properties, as well as indirect emissions such as embodied carbon produced by our suppliers.
Nearly 50% of whole life carbon emissions of a building occur before it even completes and this proportion is growing as the UK grid decarbonises. We therefore continue to design and construct our buildings to be net zero and in 2023 set an ambitious target to Reduce average embodied carbon by 50% compared with a typical building by 2030.
In 2023, we delivered The Forge in Southwark, the first UK net zero commercial building constructed and operated in line with the UK Green Building Council's (UKGBC) framework definition for net zero buildings. We continue to design and build net zero buildings.
We have made considerable progress in reducing upfront embodied carbon across our development pipeline, achieving a 40% reduction compared to a typical building. We monitor embodied carbon from the outset of each scheme, and collaborate with our supply partners to reduce emissions through:• Structural retention and material reuse • Designing-out material • Changing our specifications to low-carbon materials alternatives
Our Materials Brief, launched in 2024, is proving instrumental in shaping our developments, driving embodied and whole-life carbon reduction. It guides our design team to identify key opportunities for material reuse, alternative materials and innovative solutions in collaboration with our supply partners. The brief also helps align our developments to green building certification requirements, promotes use of local suppliers, and upholds ethical sourcing and human rights standards. This holistic approach is supporting our commitmentto creating sustainable placesWe continue developing our net zero carbon strategy for our mixed-use urban neighbourhoods, aiming to apply the same level of diligence on our residential-led projects as we do for our offices. We looked at the life-cycle impact of our masterplans and set targets for embodied and operational carbon based on in-depth modelling and financial appraisal. We are confident that this sets us on a path to providing climate-resilient homes that will stand the test of time.
We recognise that despite our plans to transition to net zero, we’ll need to offset some unavoidable remaining emissions from our development activity. We’re focused on ensuring each credit is independently verified, transparent and traceable meeting UKGBC and SBTi principles. As such, we’ve joined The Lowering of Emissions by Accelerating Forest Finance (LEAF), a public-private coalition, supported by governments (UK, US and Norway), that seeks to mobilise finance to protect tropical forests at huge scale. LEAF carbon offsets are verified by Architecture for REDD+ Transactions (ART).
To ensure we have resilient assets that meet the changing needs of our people and customers, we invest in low-carbon, energy efficient buildings and we’re moving from dependence on gas towards all-electric solutions like air source heat pumps.
Part of becoming more resilient is being aware of the physical risks of climate change, like flooding, sea level rise and overheating. As the climate becomes hotter and wetter, we need to be sure our assets still deliver the same quality of experience to our customers.
We assess physical risks based on the location of assets and their exposure to individual hazards resulting from climate change. In 2024/25 we partnered with Munich Re to improve the assessment of portfolio exposure to these risks. The assessment of current risk exposure utilises Munich Re’s proprietary models and loss data, which weight hazards based on their damage potential, normalising the average annual loss rates for property damage within each hazard zone for the respective perils (earthquake, storm/tropical cyclones/tornadoes, flood/storm surge).
Read our Shaping Successful Future Cities report.
As one of the founding signatories of the Better Buildings Partnership (BBP) Climate Commitment, we align with the BBP’s definition of climate resilience. As such, we have a strategy in place to:
The Task Force for Climate-related Financial Disclosures (TCFD), launched in 2017, encourages businesses to build resilience to the possible outcomes of climate change. In line with the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations, since 2017 we’ve committed to assessing and reporting on material climate change risks across our portfolio, ensuring we have the appropriate strategy and mitigation plan in place. Our full TCFD disclosure can be found in our Annual Report.
