Landsec
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Website | landsec |
Land Securities Group plc,
History
The company traces its origins to 1944, when its founder Harold Samuel purchased Land Securities Investment Trust Limited, which owned three houses in Kensington and some government stock.[4] Further acquisitions followed shortly afterwards and from 1947 the company concentrated on commercial property.[4] In the early days some non-UK investments were acquired, but in 1971 these were sold off and the company decided to focus solely on the UK market.[4] The company name was changed to Land Securities plc in 1982.[4]
After buying
On 31 March 2012, Francis Salway was succeeded as chief executive by Robert Noel. Noel was managing director of the company's London properties, having joined Land Securities in January 2010 from Great Portland Estates plc.[8]
On 12 June 2017, Land Securities rebranded as Landsec, although the registered company name remained Land Securities Group PLC.[9]
In 2019, Landsec launched a series of open plan offices under the brand "Myo". The first Myo office opened that year, at 123 Victoria Street, London, followed by the second Myo office, at Liverpool Street, in May 2021.[10]
In November 2020, amid the COVID-19 pandemic in the United Kingdom, Landsec announced plans to sell £4 billion of assets in the next four to five years, including hotels, leisure properties and retail parks affected by pandemic.[11]
In November 2021, Landsec announced it was to acquire
In December 2021, Landsec increased its 30% ownership in the
Operations
![100 Victoria Street, Cardinal Place photo](http://upload.wikimedia.org/wikipedia/commons/thumb/2/2f/Cardinal_Place_-_geograph.org.uk_-_965776.jpg/220px-Cardinal_Place_-_geograph.org.uk_-_965776.jpg)
Landsec owns and manages more than 24,000,000 sq ft (2,200,000 m2) of commercial property, from London offices and high street shops to major shopping centres and out-of-town retail parks. On 31 March 2024 the company's property portfolio was valued at £9.8 billion.[1] The company owns the Piccadilly Lights in Piccadilly Circus in London.[15] It has also led Project Nova, the development of the area around London Victoria station.[16]
In 2010, Landsec purchased a number of
Public engagement
On 8 May 2021, for World Ovarian Cancer Day, Landsec participated in the Cure our Ovarian Cancer Foundation's international awareness campaign. Their spot "An ad you can't miss, for a cancer you do", which shows 30 women who had been diagnosed with
References
- ^ a b c d "Land Securities Group Plc – Annual Results 2024" (PDF). landsec.com. Retrieved 22 May 2024.
- ^ "Land Sec. Group Plc Final Results". investegate.co.uk. 16 May 2007. Retrieved 23 June 2022.
- ^ "Company overview"
- ^ a b c d "The Land Securities story – Land Securities". landsecurities.com. Retrieved 16 March 2015.
- ^ "Land Securities agrees to buy Trillium". Daily Telegraph. 3 November 2000. Retrieved 28 February 2020.
- ^ BT selects Land Securities Trillium as preferred bidder for property portfolio BT Group, 10 April 2001
- ^ "Land Securities defends £750m Trillium sale". Daily Telegraph. 8 January 2009. Retrieved 28 February 2020.
- ^ "Land Securities CEO Salway Is to Step Down for London Manager Robert Noel". Bloomberg. 24 January 2012. Retrieved 12 November 2012.
- ^ "Land Securities, meet Landsec | Landsec". landsec.com. Archived from the original on 2 September 2017. Retrieved 23 June 2017.
- ^ Daniel, Alex (8 December 2020). "Landsec's flexible office brand set for Liverpool Street launch". www.egi.co.uk. Retrieved 24 August 2021.
- ^ Kollewe, Julia (10 November 2020). "Land Securities writes almost £1bn off property portfolio". Guardian. Retrieved 19 November 2020.
- ^ Morby, Aaron. "Landsec to buy rival U+I for £190m". Construction Enquirer. Retrieved 1 November 2021.
- ^ Bourke, Joanna (22 December 2021). "Landsec increases ownership of Bluewater centre in £172m deal, as retail rents stabilise". Evening Standard. Retrieved 22 September 2022.
- ^ Saker-Clark, Henry (22 December 2021). "Landsec increases stake in Bluewater shopping centre". Independent. Retrieved 29 September 2022.
- ^ "Hyundai in lights at London's Piccadilly Circus". Daily Telegraph. 29 September 2011. Retrieved 28 February 2020.
- ^ "Victoria's £2-billion transformation as its coach station becomes a cultural quarter with homes, shops and arts venues". Evening Standard. 20 August 2013. Retrieved 28 February 2020.
- ^ Booth, Robert (26 September 2017). "Developer leaves central London housing block empty for seven years". The Guardian. Retrieved 14 May 2022.
- ^ Cooper, Joe (29 September 2017). "New empty homes scandal in Westminster". Camden New Journal. Retrieved 14 May 2022.
- ^ a b Sheppard, Owen (1 March 2021). "'Disgust' at West London's multi-million homes that once housed homeless, left empty for 10 years". MyLondon. Retrieved 14 May 2022.
- ^ ""An Ad You Can't Miss, For A Cancer You Do" —World Ovarian Cancer Day On Saturday, May 8". OOH Today. 7 May 2021. Retrieved 20 April 2022.
- ^ "A Piccadilly Circus billboard is being taken over to raise awareness of ovarian cancer – this is why it matters". The Independent. 11 May 2021. Retrieved 20 April 2022.
- ^ Ryan, Rebecca (10 May 2021). "Cancer message gets huge billing". Otago Daily Times. Retrieved 20 April 2022.