Place Category: Shopping
One New Change is owned and managed by Land Securities, a FTSE 100 company and the largest Real Estate Investment Trust (REIT) in the UK, on the basis of equity market capitalisation.
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.
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 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.
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