Maximising long-term potential of commercial land and development opportunities
Our commercial land portfolio makes up 13% of our 6,000 acre land bank by value. By taking a long-term view, we can acquire this land at low cost and then maximise its potential by steadily adding value over time through remediation, planning gain, development and asset management. We then retain these assets until we decide the time is right to dispose of certain schemes to maximise value uplift, which provides recycled capital for new acquisition and development opportunities.
Our commercial development activities cover retail, leisure, education, office and industrial projects. Be it a new town centre, a business or technology park, vital local education or leisure facilities as part of a broader residential development, all form a fundamental part of the regeneration jigsaw and go a long way in providing an essential boost to the economy, improving the environment and creating better places for people to live, work and relax.