Tag: Landsec

Chris Skidmore MP opens Landsec’s first net zero office

Stuart Mitchell

Landsec’s landmark net zero carbon commercial office development, The Forge, SE1 was opened today by the Chair of the Net Zero Review, Rt Hon Chris Skidmore MP. The Forge is part of Landsec’s one million sq ft green office cluster in Southwark and is the first building in its Southwark pipeline to open. The Forge is the UK’s first commercial development to have been designed in line with the UK Green Building Council’s definition of a net zero building, and the first office to be built using the highly sustainable…

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Landsec announces New Green Bond

Stuart Mitchell

Following the publication of Landsec’s updated Green Financing Framework, its wholly-owned subsidiary, Land Securities Capital Markets PLC, announces the launch and pricing of its inaugural £400m Green Bond with a maturity of 9.5 years, paying a coupon of 4.875%, subject to final legal documentation. The transaction further enhances Landsec’s financial capacity and flexibility, building on an already strong position. Coupled with a pipeline of central London and mixed use development opportunities that offer excellent optionality, the transaction leaves Landsec extremely well placed to continue delivering against its strategy in the…

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Landsec to invest £135m to significantly decarbonise its portfolio by 2030

Stuart Mitchell

Landsec has announced the creation of a new £135m net zero transition investment plan to help the Group achieve its 2030 science-based targets and drive its transition to net zero.  The move comes two years ahead of the Government’s recently announced deadline for corporates to publish their pathway to net zero. The fund will be used to finance a series of initiatives over the coming nine years to reduce Landsec’s carbon footprint and drive innovation and best practice across the wider industry. Since becoming the first real estate company in…

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Landsec targets the UK’s first net zero carbon commercial development

Stuart Mitchell

Landsec, the FTSE-100 property developer, is progressing plans for what aims to be the UK’s first net zero carbon commercial building. The Forge, previously known as 105 Sumner St, SE1, a 139,000 sq ft office development in Southwark aspires to be the first commercial building to be both constructed and operated in line with the UK Green Building Council’s (UKGBC) net zero carbon buildings framework and associated energy performance targets. There is not currently a building in the UK that has been verified in line with UKGBC’s framework that is…

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Landsec Publishes 2020 Sustainability Update

Stuart Mitchell

Landsec, commercial property company publishes its 2020 Sustainability Update. “In the face of the considerable near-term impact of Covid-19, it can be easy to lose sight of the very significant threat posed by climate change. Landsec has always been a sector leader in this space – we were the first real estate company in the world to commit to science-based reduction targets for CO2 and we built on that in 2019 by committing to become net zero carbon by 2030 – and I am determined that we continue to build…

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