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Land Securities Group plc, trading as Landsec, is the largest commercial property development and investment company in the United Kingdom. The firm became a real estate investment trust (REIT) when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London, England, and traded on the London Stock Exchange, and is a constituent of the FTSE 100 Index. "Company overview"
After buying Trillium in 2000, in 2002 it formed a 50/50 joint venture company (Telereal Trillium) with William Pears Group (WPG) to buy the property portfolio of British Telecom: BT selects Land Securities Trillium as preferred bidder for property portfolio BT Group, 10 April 2001 after selling its shares in Telereal to WPG in 2007, Land Securities sold Trillium to WPG in 2009.
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.
On 12 June 2017, Land Securities rebranded as Landsec, although the registered company name remained Land Securities Group PLC.
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.
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.
In November 2021, Landsec announced it was to acquire urban regeneration specialist U+I for £190 million.
In December 2021, Landsec increased its 30% ownership in the Bluewater Shopping Centre by acquiring a further 25% share from Lendlease Retail Partnership for £172 million. At the same time Landsec confirmed the sale of 25% of the newly acquired shares to M&G, one of Bluewater’s co-owners. Landsec’s overall share increased to 48.75%.
In 2010, Landsec purchased a number of in Victoria, central London, which had previously been used as a homeless shelter, and subsequently received multiple planning permissions for the site. As of 2021, after the buildings had remained empty for over a decade, the company said it planned to convert the buildings into flats.
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 ovarian cancer, was screened at Piccadilly Circus, London, and Time Square, New York City. The spot was a pro bono production by Topham Guerin with Landsec and JCDecaux sponsoring the Film screening space.
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