Westgate Oxford is jointly owned by The Crown Estate and Landsec and managed by Landsec, the largest commercial property company in the UK and a member of the FTSE 100. Founded in 1944, Landsec became a Real Estate Investment Trust in 2007 and we now own and manage more than 26 million sq ft of property.
Meeting the space requirements of retailers drives our approach to the management and development of our properties. We provide retailers with the environments they need while giving our consumers a great retail and leisure experience. Click here to find out more about our retail portfolio.
Landsec's Retail Portfolio
We aim to deliver growing rental income, higher investment values and future development opportunities. To achieve this, we prioritise assets able to thrive in a fast-changing retail environment. We make locations more attractive through asset management. We transform undervalued areas into thriving destinations through development. We work closely with retailers and local authorities so we can respond to changing needs. And we recycle capital and apply skills to reposition assets up the value hierarchy.
We aim to create value by providing our customers with new or more efficient space that helps drive their profits. We look to improve our assets, raising them up the retail hierarchy and improving their appeal relative to the competition. We constantly look for ways to reduce voids, using our established relationships with retailers to anticipate administrations early and secure new occupiers swiftly. We will continue to identify properties for sale in order to recycle capital into new opportunities.
We are focused on owning and developing dominant or destination centres in thriving locations. We are developing our edge-of-town and out-of-town assets in response to growing demand for convenience from shoppers and new formats from retailers. We are also increasing the proportion of leisure in our retail assets reflecting increasing consumer demand for experiences and investing in standalone leisure assets based on strong property fundamentals, our established relationships with operators and the resilience of the sector to structural change.