# LAND SECURITIES

Summary updated: 2026-10-04T14:43:25.698829Z
Canonical: https://finbar.com/research/companies/land-securities

## Overview

Landsec is a UK real estate company that develops, owns and manages places across the country. Its portfolio includes offices and workplaces, shopping centres and outlets, residential-led projects, and retail and leisure parks, with activity in London, Manchester and other UK locations. [1](https://www.landsec.com/en/about/about-landsec/what-we-do) [2](https://app.finbar.com/go?id=T7165953) The company describes its purpose as identifying and shaping places that create opportunity, enhance quality of life and bring joy to the people connected to them. [1](https://www.landsec.com/en/about/about-landsec/what-we-do)

For the year ended 31 March 2026, Landsec reported gross rental income of £644 million, and its combined portfolio had a market value of £10.836 billion. [3](https://app.finbar.com/go?id=T8943592) [2](https://app.finbar.com/go?id=T7165953) Landsec traces its origins to 1944, when Harold Samuel established Land Securities. [4](https://www.landsec.com/en/about/about-landsec/80) Its latest employee figure located in official company materials was approximately 600 people in 2024; this is a dated indicator, not a current headcount. [5](https://content.landsec.com/media/t1zbafg2/modern-slavery-statement-2024-final-pdf.pdf)
[3](https://app.finbar.com/go?id=T8943592)[2](https://app.finbar.com/go?id=T7165953)[1](https://www.landsec.com/en/about/about-landsec/what-we-do)[4](https://www.landsec.com/en/about/about-landsec/80)[5](https://content.landsec.com/media/t1zbafg2/modern-slavery-statement-2024-final-pdf.pdf)

## Products & services

Landsec’s office products range from customisable, high-specification “Blank Canvas” floorplates to fitted and furnished “Created” space, which can include branding, reception and managed services. Its “MYO” flexible-workspace offer includes meeting and event rooms, breakout areas and concierge services; Landsec Plus+ provides additional customer-care, technology and events support. [6](https://www.landsec.com/en/workplace/our-products) [7](https://www.landsec.com/en/workplace/workplace-overview)

Its retail and leisure products include shopping centres, outlet centres and retail/leisure parks, alongside mixed-use destinations such as Nova, Victoria. Leasing formats include conventional retail space, pop-up units of 1,200–2,500 sq ft on 3–18-month terms, and Spotlight brand activations ranging from one day to three years. [8](https://www.landsec.com/en/retail/retail-overview) [9](https://www.landsec.com/en/retail/our-offerings) [10](https://www.landsec.com/en/workplace/our-properties/nova-sw1) The residential and mixed-use development pipeline includes Mayfield in Manchester, with a consented first phase of 879 homes, and schemes at Finchley Road and Lewisham. [11](https://app.finbar.com/go?id=T5211101)

For FY26, gross rental income was £644m: office-led assets contributed £324m (about 50%), retail-led assets £255m (about 40%), residential-led assets £12m (about 2%) and other assets, mainly retail/leisure parks, £53m (about 8%). These are rental-income shares, not shares of group profit. [3](https://app.finbar.com/go?id=T8943592) [12](https://app.finbar.com/go?id=T153134) Development products include Thirty High, a 299,000-sq-ft scheme comprising 89% office and 11% retail, and The Republic in Manchester, a 246,000-sq-ft scheme comprising 95% office and 5% retail. [13](https://app.finbar.com/go?id=T10068287)
[11](https://app.finbar.com/go?id=T5211101)[3](https://app.finbar.com/go?id=T8943592)[12](https://app.finbar.com/go?id=T153134)[13](https://app.finbar.com/go?id=T10068287)[6](https://www.landsec.com/en/workplace/our-products)[7](https://www.landsec.com/en/workplace/workplace-overview)[8](https://www.landsec.com/en/retail/retail-overview)[9](https://www.landsec.com/en/retail/our-offerings)[10](https://www.landsec.com/en/workplace/our-properties/nova-sw1)

## Geographic presence

Land Securities’ property operations are focused on the UK. Its reported geographic categories include Central London and retail assets outside London, including regional shopping centres, shops and outlets; mixed-use properties are located in London and major regional cities. [14](https://app.finbar.com/go?id=P104940068)

In its FY2026 portfolio reporting, the company names the West End, the City and Southwark in London, and Manchester as office markets. [2](https://app.finbar.com/go?id=T7165953) Development locations also include Mayfield and MediaCity in Greater Manchester, and Lewisham and Finchley Road in London. [15](https://app.finbar.com/go?id=P107842985)
[14](https://app.finbar.com/go?id=P104940068)[2](https://app.finbar.com/go?id=T7165953)[15](https://app.finbar.com/go?id=P107842985)

## Business segments

For the year ended 31 March 2026, Landsec reported four operating segments: Office-led, Retail-led, Residential-led and Other assets. Office-led covers operating or under-development offices in London and the regions, together with nearby retail and other premises; Retail-led comprises shopping centres and outlets; Residential-led comprises residential developments; and Other assets consists mainly of retail and leisure parks not targeted for capital investment. [16](https://app.finbar.com/go?id=P89571829)[17](https://app.finbar.com/go?id=P68707076)

By gross rental income after rents payable, the segments contributed approximately 50% Office-led (£324m), 40% Retail-led (£255m), 2% Residential-led (£12m) and 8% Other assets (£53m), out of £644m total. By segment net rental income, the respective shares were approximately 53%, 37%, 1% and 9% (£295m, £210m, £7m and £50m of £562m). These are segment-level operating measures; central administrative costs are not allocated to segments. [12](https://app.finbar.com/go?id=T153134)[18](https://app.finbar.com/go?id=P9081171)
[16](https://app.finbar.com/go?id=P89571829)[17](https://app.finbar.com/go?id=P68707076)[12](https://app.finbar.com/go?id=T153134)[18](https://app.finbar.com/go?id=P9081171)

## Company history

Land Securities was established by Harold Samuel in 1944. Its early history included a 1952 partnership to regenerate Hull city centre and expansion into London offices, including redevelopment on Victoria Street beginning in 1962. The company was admitted to the London Stock Exchange in 1955. [4](https://www.landsec.com/en/about/about-landsec/80) [19](https://www.londonstockexchange.com/stock/LAND/land-securities-group-plc/our-story)

Landsec continued to expand its property portfolio over subsequent decades. The Queen opened its Broadway Centre in Ealing in 1985, and Bluewater shopping centre opened in 1999. In 2002, Land Securities Group PLC acquired all of Land Securities PLC, a corporate restructuring later reflected in the group’s accounts. [20](https://www.landsec.com/en/media-insights/insights/we-are-75) [21](https://content.landsec.com/media/mm5f4l00/our_impact_in_bluewater.pdf) [22](https://app.finbar.com/go?id=P62847683)

In more recent portfolio changes, Mark Allan became chief executive in April 2020. In 2024, Landsec sold its hotel portfolio and acquired an additional 17.5% stake in Bluewater. [23](https://www.landsec.com/en/about/about-landsec/our-leadership/mark-allan) [24](https://www.landsec.com/en/media-insights/press-releases/landsec-sells-ps617m-assets-september-including-ps400m-hotel-portfolio) [25](https://www.landsec.com/en/media-insights/press-releases/landsec-acquires-additional-175-stake-bluewater)
[22](https://app.finbar.com/go?id=P62847683)[4](https://www.landsec.com/en/about/about-landsec/80)[19](https://www.londonstockexchange.com/stock/LAND/land-securities-group-plc/our-story)[20](https://www.landsec.com/en/media-insights/insights/we-are-75)[21](https://content.landsec.com/media/mm5f4l00/our_impact_in_bluewater.pdf)[23](https://www.landsec.com/en/about/about-landsec/our-leadership/mark-allan)[24](https://www.landsec.com/en/media-insights/press-releases/landsec-sells-ps617m-assets-september-including-ps400m-hotel-portfolio)[25](https://www.landsec.com/en/media-insights/press-releases/landsec-acquires-additional-175-stake-bluewater)

## Sources

1. [www.landsec.com](https://www.landsec.com/en/about/about-landsec/what-we-do)
2. [LAND SECURITIES — Press release (2026 Y), p51](https://app.finbar.com/go?id=T7165953)
3. [LAND SECURITIES — Press release (2026 Y), p17](https://app.finbar.com/go?id=T8943592)
4. [www.landsec.com](https://www.landsec.com/en/about/about-landsec/80)
5. [content.landsec.com](https://content.landsec.com/media/t1zbafg2/modern-slavery-statement-2024-final-pdf.pdf)
6. [www.landsec.com](https://www.landsec.com/en/workplace/our-products)
7. [www.landsec.com](https://www.landsec.com/en/workplace/workplace-overview)
8. [www.landsec.com](https://www.landsec.com/en/retail/retail-overview)
9. [www.landsec.com](https://www.landsec.com/en/retail/our-offerings)
10. [www.landsec.com](https://www.landsec.com/en/workplace/our-properties/nova-sw1)
11. [LAND SECURITIES — Presentation (2026 Y), p53](https://app.finbar.com/go?id=T5211101)
12. [LAND SECURITIES — Press release (2026 Y), p32](https://app.finbar.com/go?id=T153134)
13. [LAND SECURITIES — Presentation (2026 Y), p52](https://app.finbar.com/go?id=T10068287)
14. [LAND SECURITIES — Full financial report (2025 Y), p101](https://app.finbar.com/go?id=P104940068)
15. [LAND SECURITIES — Press release (2026 Y), p13](https://app.finbar.com/go?id=P107842985)
16. [LAND SECURITIES — Press release (2026 Y), p32](https://app.finbar.com/go?id=P89571829)
17. [LAND SECURITIES — Press release (2026 Y), p32](https://app.finbar.com/go?id=P68707076)
18. [LAND SECURITIES — Press release (2026 Y), p32](https://app.finbar.com/go?id=P9081171)
19. [www.londonstockexchange.com](https://www.londonstockexchange.com/stock/LAND/land-securities-group-plc/our-story)
20. [www.landsec.com](https://www.landsec.com/en/media-insights/insights/we-are-75)
21. [content.landsec.com](https://content.landsec.com/media/mm5f4l00/our_impact_in_bluewater.pdf)
22. [LAND SECURITIES — Full financial report (2025 Y), p98](https://app.finbar.com/go?id=P62847683)
23. [www.landsec.com](https://www.landsec.com/en/about/about-landsec/our-leadership/mark-allan)
24. [www.landsec.com](https://www.landsec.com/en/media-insights/press-releases/landsec-sells-ps617m-assets-september-including-ps400m-hotel-portfolio)
25. [www.landsec.com](https://www.landsec.com/en/media-insights/press-releases/landsec-acquires-additional-175-stake-bluewater)

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