Our values

We are a business driven by a strong set of values. We mean them, we are proud of them and we are respected for them by the people we work with and in the wider community.

Regent Street
Marine aggregates

We are an independent commercial business established by Act of Parliament and pay our profit to Treasury for the benefit of the nation’s finances.

In managing the business we take advantage of market conditions to maximise returns and manage risks. Our investment strategy focuses on our core sectors where we have competitive advantage and centres around four key sectors; housing development within our rural and coastal portfolio, the West End, regional retail and energy, minerals and infrastructure.

We continue to receive recognition for our commercialism. Our investment management was recognised at the IP Real Estate global conference where we won Best Investor from UK & Ireland; at the UK Property Investment Awards where we won the 10 Year Return Award for our activity in St James’s; and we won Developer of the Year in the UK Property Awards 2015.

In central London we continue to fund key developments, building out what has been the largest development pipeline in our history. Our landmark scheme to redevelop St James’s Market will complete in 2016. The redevelopment is our most ambitious scheme to date, a £400 million, joint venture with Oxford Properties Group, and is set to provide 210,000 ft2 of offices.

Several other central London developments completed in 2015/16, including our block W5 South scheme, 21 Glasshouse Street and 7 Air Street, both major refurbishments within Quadrant 2. Our scheme at One New Burlington Place regenerated an historic block to meet the needs of modern occupiers.

Our development activity further extends to our regional retail portfolio and includes our most ambitious retail scheme – the Westgate Shopping Centre in Oxford, a joint venture with Land Securities, which is under construction. This city centre project is anchored by a new John Lewis department store and is set to transform the city’s retail offer with 100 new shops, leisure space, and 25 new restaurants and cafés set amongst covered streets, arcades, lanes and squares. The joint venture has also acquired the adjacent Castle Quarter, further extending our role in Oxford’s retail renaissance.

We are part of a number of joint venture property partnerships across the UK, with our partners including Gingko Tree Investment Ltd and Land Securities. Across all of our portfolios we manage strategic joint ventures containing over £1.9 billion of our partners’ funds.

Further information

Our business