Landsec
This coverage analyses Landsec’s role and influence within the UK retail property sector, with reporting on its shopping centre and retail park portfolio, leasing strategies, redevelopment projects, tenant relationships, and financial performance. Updates provide insight into how Landsec’s decisions shape retail environments and opportunities — supporting property, operations, and strategy professionals navigating landlord-tenant dynamics and regional market trends.
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May- 2023 -15 MayNews
Zara relocates to Trinity Leeds for latest flagship store
Zara has recently revealed that it will open its newest flagship store at Trinity Leeds shopping centre, as it upsizes and relocates into the centre from its current location on Briggate. The new 46,000 sq ft store will showcase the latest technological innovations from Zara’s integrated online and physical store…
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Feb- 2023 -6 FebruaryNews
Mike Ashley eyes two shopping centres in £100m deal
Mike Ashley has lined up a £100m acquisition of two shopping centres, according to The Times. Frasers Group is in advanced talks to buy the Overgate centre in Dundee for £30m, along with The Mall in Luton in a £70m deal. The Overgate centre is currently owned by Legal and…
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Jan- 2023 -16 JanuaryPeople Moves
Landsec eyes Sir Ian Cheshire as chairman
Landsec, the property group that owns 50% of Bluewater shopping centre, is considering appointing Sir Ian Cheshire as its new chairman. According to Sky News, Landsec is lining up the former Debenhams chairman to replace Cresida Hogg with the appointment potentially coming as early as this month. Cheshire is currently…
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May- 2022 -17 MayProperty
Landsec returns to profit amid retail recovery
Landsec has announced it has returned to profit in FY22 boosted by record office leasing and a return to growth in its major retail destinations. For the year ended 31 March 2022, Landsec delivered pre-tax profits of £875m up from a loss of £1.3bn the year prior. The group said…
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Apr- 2022 -20 AprilProperty
Landsec launches new lease offering for retail brands
Landsec has launched a new lease offering for retail brands today (20 February), amid the “rapidly evolving needs” of traditional retailers and a rise in demand from digital natives. The new offering is set to provide more flexible lease options for both retail and leisure brands. The new leases range…
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Dec- 2021 -22 DecemberNews
Landsec secures additional 25% stake in Bluewater
Landsec has announced that it has completed the acquisition of an additional 25% share in Bluewater from Lendlease Retail Partnership for £172m. The deal represents a net initial yield of 8.15% and an equivalent yield of 8.25%. In a separate deal, Landsec will sell 25% of this share to co-owner…
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Nov- 2021 -2 NovemberProperty
Landsec to acquire U and I Group for £190m
Landsec has reached an agreement to acquire urban regeneration group U and I for a total of £190m, at a price of 149p per share. The retail landlord said the move would combine U and I’s front-end development capabilities, placemaking skills and portfolio of core regeneration projects with Landsec’s “development…
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Oct- 2021 -18 OctoberProperty
Landsec rent collection improves in September
Landsec has noted that its latest collection day recorded payment for 85% of the net rent due on 29 September. This was a marked improvement against the 81% collected for the June quarter date on 21 June. Regional retail paid 83% of rent against the 73% collected in June, whilst…
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Sep- 2021 -27 SeptemberNews
Landsec offloads two retail parks in £54m deal
Landsec, one of the largest real estate companies in Europe, has announced the sale of two retail parks. The two disposals, Derwent Howe Retail Park, a 120,000 sq ft site located in Workington, Cumbria and Blackpool Retail Park, were sold for £54.3m. It said this represents an average 15% premium…
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May- 2021 -18 MayCoronavirus
Landsec swings to £1.39bn loss amid pandemic
Land Securities has fallen to a pre-tax loss of £1.39bn in the full-year ended 31 March, 2021, in results that “clearly reflect the challenges” of the pandemic over the period. As the vast majority of its portfolio was either closed or “substantially unoccupied” amid ongoing lockdowns, revenue plummeted 39.4% to…
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