Landsec malls market value 2024

As of 2024, the market value of shopping centers owned or partly owned by Land Securities Group in the United Kingdom reached 1.2 billion British pounds. A year earlier, the market value for such segment was barely shy of this numer. This figure, however, comprises London retail and regional shopping centers and shops. London retail is made of retail space in offices, One New Change, The O2 Centre, Southside, Lewisham, and Shepherd's Bush. Meanwhile, regional retail shopping centers includes major retail locations across the UK.

Market value of shopping centers owned by Land Securities in the United Kingdom (UK) from financial year 2014 to financial year 2024 (in million GBP)

Characteristic	Market value in million GBP
2024	1,226
2023	1,196
2022	1,141
2021*	1,664
2020	2,801
2019	2,593
2018	3,558
2017	3,663
2016	2,871.3
2015	2,025.7
2014	2,410.3

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Release date

June 2024

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Region

United Kingdom

Survey time period

Financial year 2014 to financial year 2024

Supplementary notes

* Figure calculated by Statista based on the information provided by the source.
Financial years end on March 31st each year.
Figures for years prior to 2024 were taken from previous annual reports by the source. Here value includes retail space in office buildings in London.

The sources adds the following definition of market value: 'Market value is determined by the Group’s external valuer, in accordance with the RICS valuation standards, as an opinion of the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing.'

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