Summary of our businesses

We are the largest listed commercial property company in the UK by market capitalisation. We buy, sell, manage and develop office, retail, leisure and residential space.

Retail Portfolio

Gunwharf Quays 333x162

Our strategy:

Using our ability to unlock the potential within properties and places, we provide new and better ways for retailers to connect with customers. The environments we create and manage aim to enable occupiers to increase footfall, grow sales and offer a great leisure experience. 

We work to spot, unlock and maximise the potential of shopping centres and retail parks throughout the UK. We look for opportunities to move assets up the retail hierarchy through proactive asset management improvements such as refurbishment and reconfiguration. And we look for opportunities to develop new retail locations and urban regeneration projects, with a focus on mixed-use destinations with the potential to perform well over the long term. 

Our aim is to be the provider and partner of choice for retailers and local authorities. We want to be recognised as a market leader in terms of customer focus, design and innovation.

London Portfolio

One New Change 333x162

Our strategy: 

Using our knowledge, understanding and scale, we develop and invest to create high quality space for world-class businesses and brands. The spaces we provide enable organisations to enhance their performance and improve day-to-day life for employees, shoppers and local residents.

We focus on developing and managing prime London assets, creating a balanced portfolio that blends strong investment assets with medium- and long-term development opportunities.

To meet demand and mitigate risk, we put emphasis on mixed-use schemes providing office, retail and leisure accommodation. We operate in a cyclical market and take early, decisive action on the timing and scope of key portfolio decisions. We increase the return on our development activities by clustering assets in key areas, so our work to create or enhance a new asset increases the attraction and value of our other assets nearby.

Key facts:

  • £6.2bn total Retail Portfolio value.
  • 19 million sq ft of retail accomodation.
  • 13 shopping centres, 13 retail parks and 16 leisure destinations.

Key facts:

  • £7.7bn total London Portfolio value.
  • 6.9 million sq ft of office and retail accommodation.
  • 1.1 million sq ft to let in our development pipeline.
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