Land Securities Group is planning to roll out its café-style communal space and is launching its own flexible office product.
The group said that in response to new patterns of work emerging, it would introduce a new product, initially at 123 Victoria Street, SW1, providing customers with “direct access to contemporary serviced and customisable space on flexible terms”. It added that following the positive response to its Landsec Lounge concept at 80 Victoria Street, SW1 and 20 Eastbourne Terrace, W2, it plans to roll out the concept to Dashwood House, EC2, 6 New Street Square, EC4, 62 Buckingham Gate, SW1 and One New Change, EC4.
Updating on its retail portfolio, the company said that footfall in its regional shopping centres and outlets was down 2.3%, versus a national benchmark decline of 3%.
Same centre sales, taking into account new lettings and occupier changes, were down 1.4%.
The group said Westgate Oxford, which celebrated its first birthday in October, had attracted just over 19m visitors during its first year of trading.
On the pipeline, it said: “A number of our suburban London retail assets have low site coverage, are in locations with good transport links and offer great potential for mixed use development. We intend to submit two planning applications at existing retail locations in the first half of 2019: one will include more than 1,000 homes at Finchley Road, NW3; and the second around 700 homes in Shepherd’s Bush, W12. We have more sites with longer term potential including Lewisham Shopping Centre, SE13 which forms the core of a potential 8.3 acre mixed use destination. These locations are all in vibrant neighbourhoods where people want to live.”
