Landsec news and archive

Landsec to transform Cardiff Debenhams store into a city square

Retail landlord Landsec has secured planning permission from Cardiff City Council to transform the former Debenhams store into a 102,000-square-foot city square. The redevelopment, designed in collaboration with more than 5,000 local residents, responds to consumer demand for “high-quality leisure experiences, green spaces, and family-friendly...

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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...

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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...

Retail

Next to move into one of its largest UK stores in Kent

Next is upsizing an existing store at Bluewater, Kent, into a 133,000 square foot location that will become one of the British retailer’s largest stores in the UK. The site, which is currently occupied by House of Fraser, will allow Next to offer an enhanced product range in a “state-of-the-art” space, while further supporting its omnichannel...

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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

Inditex to open new stores in Bluewater and St David’s shopping centres

Spanish retail group Inditex has signed three store deals with landlord Landsec in two of its prime retail destinations – Bluewater in Kent and St David's in Cardiff. The move will see fashion chain Pull & Bear open its first store in Wales in St David’s, where the brand has secured an 8,500-square-foot unit across two floors. The group will...

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...

Retail

Lone Design Club announces partnership with Landsec and Trinity Leeds

Retail disrupter Lone Design Club (LDC) is launching in Leeds after announcing a new strategic partnership with Landsec and Trinity Leeds. LDC will be working with Trinity Leeds shopping centre to “bridge the gap between sustainable living and wellness brands” with the opening of the ‘My Sanctuary: My Home’ immersive pop-up experience. The...

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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...

Retail

Laings opens first dedicated Omega showroom in Wales

Luxury retailer Omega has opened its first dedicated showroom in Wales, located at Hayes Arcade, St David’s Cardiff. Set in an 838 square foot space, the watchmaker’s first mono-brand showroom in the region will be operated in partnership with Laings, the luxury jewellery retailer, and will feature an array of the brand’s collections, including...