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Land Securities Group plc
Type Real estate investment trust (LSE: LAND)
Founded 1944
Headquarters London, United Kingdom
Key people Alison Carnwath, Chairman
Francis Salway, CE
Industry Property
Products Property Development, Property Investment, Property Outsourcing
Revenue £821.2 million (2009)[1]
Operating income £(3,841.7) million (2009)[1]
Net income £(5,194.6) million (2009)[1]
Employees 1,660 (2009)
Website www.landsecurities.co.uk

Land Securities REIT (LSE: LAND) is the largest property company in Europe and the leading British property development and investment company headquartered in central London. The company switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History

The Group 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.[2] Further acquisitions followed shortly afterwards and from 1947 the company concentrated on commercial property.[3] In the early days some non-UK investments were acquired, but in 1971 these were sold off and the company has concentrated solely on the UK market since then.[4] The company name was changed to Land Securities plc in 1982.[5]

Operations

Land Securities' core investments are office buildings, primarily in central London, and in retail property, which is more widely spread across the UK. The Company also owns the property outsourcing business Land Securities Trillium. As at 31 March 2008 the property portfolio was valued at £13.6bn.[6]

The Company notably owns the The Piccadilly Lights in Piccadilly Circus in London.

Land Securities, Hammerson and Henderson Group together form the Birmingham Alliance who are responsible for the Bull Ring Shopping Centre development,[7] Martineau Place and the up-coming Martineau Galleries development in Birmingham, United Kingdom.

References

External links

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