Landsec news and archive

Landsec retail destinations outperform national benchmarks during peak trading

London-based property developer and landlord Landsec has reported a robust performance for the 'Golden Quarter' festive period, with sales and footfall exceeding prior-year figures and significantly outperforming wider UK retail trends. Total sales across the group’s prime shopping destinations rose 4.9 percent year-over-year, contrasting with...

Retail

Landsec outlets report “record-breaking” Black Friday

Landsec, owner of the UK’s leading retail and hospitality platform, has reported an 8.1 percent year-on-year sales growth across its outlets during Black Friday week, from November 24 to 30. Its outlets Gunwharf Quays, Braintree Village and Clarks Village generated a combined spend of 16.3 million pounds across Black Friday week, with footfall...

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Business

Landsec boosts guidance amid strong performance in H1 of FY26

British real estate giant Landsec is experiencing positive momentum across all areas of its business, leading to increased earnings per share (EPS) guidance for the near and medium term. For the six months ended September 30, 2025, Landsec reported EPRA earnings of 192 million pounds, a 3.2 percent increase from 186 million pounds in the prior...

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Landsec secures approval for Lewisham shopping centre transformation

Commercial property development and investment company Landsec has secured planning permission to transform Lewisham town centre in London, which will include a reimagined shopping centre. The phased redevelopment of Lewisham’s 1970s shopping centre, approved by Lewisham Council, paves the way for one of the area’s most significant regeneration...

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Landsec reports strong growth in Q1 retail sales and footfall

Landsec has announced strong first-quarter performance across its portfolio of prime retail assets, including prominent destinations such as Bluewater Kent, Trinity Leeds, and Liverpool One. The company reported significant year-on-year increases in both sales and footfall, following what was a record year for its retail destinations. From April...

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Landsec boosts profit, outlines investment plans

Landlord firm Landsec swung to a profit for the year ended March 31, 2025, as its like-for-like net rental income rose 5 percent. The company reported a profit of 393 million pounds for the period, up from a loss of 341 million pounds in the year prior. Its net sales rose 3.4 percent year-on-year, alongside a 0.4 percent increase in footfall...

Retail

House of CB to open third UK store in Liverpool

House of CB is set to open its second UK store outside of London. The British womenswear brand is preparing to enter the city of Liverpool with a 6,500 square foot space scheduled to open in Liverpool One. The brand, which already boasts a large social media presence, was chosen as a means to “add diversity to Liverpool One’s occasion-wear offer...

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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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Retail

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...