Leading UK property investment & car park management
With over 60 years’ experience, a commitment to sustainable development and a reputation for quality and innovation, TCS has built a diversified, mixed use portfolio with a high-quality tenant base focused on regional centres across the UK, primarily Leeds and Manchester. In addition we manage an extensive portfolio of national CitiPark car park branches.
Town Centre Securities PLC (TCS) is a leading UK property investment & car parking operator with assets of over £290m.
TCS has a high quality portfolio around the UK comprising over 2.5m sq ft of prime commercial, residential, car parking, office, leisure & retail accommodation. This is in addition to our development pipeline which has an estimated GDV of over £400m.
We are a UK-based real estate investment trust that
has built a diversified, mixed-use portfolio with a high-quality tenant base focused on regional centres, primarily Leeds and Manchester, where 88% of our portfolio by value is based.
Executive Directors
Dr. Edward Ziff OBE DL
Chairman & Chief Executive
Edward Ziff joined the Company in 1981 before being appointed to the Board in 1985, becoming Managing Director in 1983, Chief Executive in 2001 and succeeded his Father and Founder of the Company as Chairman in 2004.
Edward is a life-long supporter of the Leeds city region and plays an active role in the community.
A passionate family man, Edward brings a strong pastoral care aspect to the business, encouraging individual leadership and an active role in the supporting of local charities.
E…
Read MoreEdward Ziff joined the Company in 1981 before being appointed to the Board in 1985, becoming Managing Director in 1983, Chief Executive in 2001 and succeeded his Father and Founder of the Company as Chairman in 2004.
Edward is a life-long supporter of the Leeds city region and plays an active role in the community.
A passionate family man, Edward brings a strong pastoral care aspect to the business, encouraging individual leadership and an active role in the supporting of local charities.
Edward’s position as son of the founder, and his lifelong experience working in the business make him uniquely qualified to lead the Company. The wider role he plays in the Leeds community in particular support leading this proudly Leeds-based business.
He is a Trustee of the United Hebrew Congregation, Leeds, a member of the council of University College School, London and a Deputy Lieutenant for the County of West Yorkshire.
In 2013 he was awarded an Honorary Doctorate of Business Administration by Leeds Beckett University. Edward was awarded an OBE for services to the Leeds community and economy in the 2017 Queen’s birthday honours list.
Stewart MacNeill
Group Finance Director
Stewart joined TCS as Group Finance Director in June 2021.
He has worked in the property industry, specialising in the finance side, since 2002, spending the bulk of his professional career at LXB Properties, the real estate investment company which focused on edge of town and out of town retail assets. Before joining TCS, he worked at a small development consultancy business.
Stewart is a Graduate of the University of Cambridge and a Fellow of the Institute of Chartered Accountants of Englan…
Read MoreStewart joined TCS as Group Finance Director in June 2021.
He has worked in the property industry, specialising in the finance side, since 2002, spending the bulk of his professional career at LXB Properties, the real estate investment company which focused on edge of town and out of town retail assets. Before joining TCS, he worked at a small development consultancy business.
Stewart is a Graduate of the University of Cambridge and a Fellow of the Institute of Chartered Accountants of England and Wales.
Outside of the office, Stewart enjoys life outdoors whether with his family or running and cycling around the paths and roads of North Yorkshire.
Ben Ziff
Managing Director | CitiPark
Twitter: @benziff
Ben Ziff is a board director at TCS, he joined the company in 2008.
He is managing director of CitiPark, a division of TCS that operates car parks in several cities including Leeds, Manchester and London. Since 2014, he has led an acquisitions programme that has doubled the size of the car park division.
Ben also leads TCS Energy, which he set up in 2012 to invest in renewable energy production and storage. In that t…
Read MoreTwitter: @benziff
Ben Ziff is a board director at TCS, he joined the company in 2008.
He is managing director of CitiPark, a division of TCS that operates car parks in several cities including Leeds, Manchester and London. Since 2014, he has led an acquisitions programme that has doubled the size of the car park division.
Ben also leads TCS Energy, which he set up in 2012 to invest in renewable energy production and storage. In that time, the company has established a partnership with Tesla and built the UK’s largest solar farm in a city centre, located at Leeds Dock.
Other notable projects led by Ben include establishing a leading car park price comparison engine, and full parking management company.
He was also instrumental in TCS’s investment in
YourParkingSpace.co.uk in November 2016. YourParkingSpace was sold in July 2022 for £129m, netting TCS a return of 18 times its initial investment.
Craig Burrow
Group Property Director
Craig joined TCS in October 2020 becoming Group Property Director in January 2023.
He has significant experience in the property industry having started as a commercial agent at Weatherall Green & Smith and then DTZ Debenham Tie Leung before moving to Bruntwood, where for most of his 13 years was the Director of Leeds responsible for overseeing all aspects of managing the Leeds portfolio including asset management, acquisitions, disposals, investments and redevelopments including Platform, Hepw…
Read MoreCraig joined TCS in October 2020 becoming Group Property Director in January 2023.
He has significant experience in the property industry having started as a commercial agent at Weatherall Green & Smith and then DTZ Debenham Tie Leung before moving to Bruntwood, where for most of his 13 years was the Director of Leeds responsible for overseeing all aspects of managing the Leeds portfolio including asset management, acquisitions, disposals, investments and redevelopments including Platform, Hepworth Point and Sovereign Square.
Craig is well known throughout the region’s property business community for his long-standing positions on boards, committees and steering groups including the Yorkshire Property Charitable Trust of which he has been the Chair of Trustees since it was founded in 2015.
Non-executive Directors
Michael Ziff Hon DUniv (Brad)
Non-Executive Director
Michael’s lifelong involvement with the Company and his retail experience puts him in a unique position to understand TCS and to give counsel based on the founding principles of the business and the importance of taking a long-term strategic view. Michael was appointed to the board in July 2014,
He is a Director of W Barratt & Co Ltd, Transworl…
Read MoreMichael’s lifelong involvement with the Company and his retail experience puts him in a unique position to understand TCS and to give counsel based on the founding principles of the business and the importance of taking a long-term strategic view. Michael was appointed to the board in July 2014,
He is a Director of W Barratt & Co Ltd, Transworld Business Advisors UK Ltd and London Business Franchise & Brokerage Ltd. He is President and a trustee of Maccabi GB and International Vice President of Maccabi World Union. He is also Hon President of UK Israel Business and Member of Council at the University of Bradford.
Ian Marcus OBE FRICS
Non-Executive Director
Ian Marcus was appointed to the TCS Board in January 2015.
Ian graduated from the University of Cambridge in 1981 with a degree in Land Economy. Ian was in the banking industry for over 32 years having previously worked for Bank of America, UBS, NatWest and Bankers Trust/Deutsche, always focusing on the real estate industry. Ian joined Credit Suis…
Read MoreIan Marcus was appointed to the TCS Board in January 2015.
Ian graduated from the University of Cambridge in 1981 with a degree in Land Economy. Ian was in the banking industry for over 32 years having previously worked for Bank of America, UBS, NatWest and Bankers Trust/Deutsche, always focusing on the real estate industry. Ian joined Credit Suisse First Boston in 1999 to establish the Real Estate Group, and became Managing Director and Chairman of the
European Real Estate Investment Banking.
Ian is a member of Redevco’s Advisory Board, the Senior Independent Director for both Secure Income REIT and Shurgard Self Storage, and a Non Executive Director for Town Centre Securities Plc. He is a Senior Adviser to both Eastdil Secured and Anschutz Entertainment Group. He is also President of the Cambridge University Land Society and a Senior Advisor to two new Businesses, Work Life and Elysian Residences. He is a Trustee of the Saracens Multi Academy Trust. He chaired the Princes Regeneration Trust for 11 years and was a Trustee of the Princes Foundation.
Ian is a former Crown Estate Commissioner, a past President of the British Property Federation, past Chairman of the Investment Property Forum, a Fellow of the RICS and for 10 years chaired the Bank of England Commercial Property Forum.
Ian was made an Officer of the Order of the British Empire in HM Queen’s 2020 Birthday Honours List.
Paul Huberman FCA CTA
Non-Executive Director
Paul Huberman was appointed a Director in January 2015.
He brings over 34 years’ experience in the property and finance sector.
Paul’s previous experience as Finance Director at three quoted companies, and his ongoing work in the real estate arena mean that he can robustly challenge and scrutinise the financial affairs of the business, leading t…
Read MorePaul Huberman was appointed a Director in January 2015.
He brings over 34 years’ experience in the property and finance sector.
Paul’s previous experience as Finance Director at three quoted companies, and his ongoing work in the real estate arena mean that he can robustly challenge and scrutinise the financial affairs of the business, leading the Audit Committee, as well as contributing meaningfully to the broader operational and strategic activities of the Company.
He is currently a part-time Executive Director of Galliard Homes
Limited, a Non-Executive Director at LiFE At Ltd, a Non-Executive Director at GetBusy plc, a NonExecutive Director at a privatelyowned property group, and a Non-Executive Director at The Industrial Dwellings Society (1885) Ltd.
Previously Paul was a Non-Executive Director at GRIT Real Estate Income Group Ltd, a listed pan African property investment company and a Non-Executive Director at JCRA Group Ltd, the holding company of JC Rathbone Associates Ltd, the independent advisors on interest rate risk management, debt finance and foreign
exchange exposure.
TCS was founded by Arnold Ziff in 1959 and floated on the London Stock Exchange in September 1960.
Always a forward-thinking organisation, TCS quickly built a reputation for pushing the boundaries with landmark developments and strong growth through active management and design innovation.
With firm foundations in the north of England and Scotland, TCS is acknowledged as a pioneer of the mixed-use scheme. TCS is involved in a number of large-scale regeneration and new build developments.
TCS is committed to sustainable development, high environmental standards and active local community participation.
Mission
Statement
TCS is a leading property investment and car parking operator committed to creating flexible, innovative, high quality commercial, residential and retail accommodation. Through the acquisition and active management of property in sustainable locations, we create quality spaces for our tenants, help communities to thrive and generate value for shareholders over the long term.
Health & SafetyTCS recognise the importance of Health & Safety at work.
Town Centre Securities PLC (the Company) recognises that under the Health & Safety at Work act 1974 and other relevant statutory legislation it has duties to its employees, those not of its employment and the environment.
TCS will ensure, so far as is reasonably practicable, the health, safety and welfare of its employees and anyone affected by its actions or those of its employees.
This is done by ensuring that all employees play an active part in the health and safety of the company and by providing adequate information, instruction, training and supervision for them to understand their role within the company
Proud to have long-standing links with local and national charities across the UK.
TCS is focused on the impact that our business has in the core
communities that we operate and the impact that we have on the
environment. We have an extensive Corporate Social Responsibility (CSR) and sustainable energy programme which throughout the year we use to develop a sustainable framework that is aligned to, and embedded in our corporate strategy.
We aim to ensure that all the activities we undertake as part of our four strategic workstreams are
underpinned by the following five ESG principles which form the basis for our ESG programme:
• Minimise our environmental impact (see below)
• Engage with our external stakeholders
• Engaged and committed employees
• Make a positive contribution to the communities we operate in
• Always do the right thing
To read our latest ESG Report please download our most recent Annual Report (from page 34)
Environment
Delivering our Environment Programme
Minimising Our Environmental Impact
In alignment with our commitment to sustainability, our Environment report emphasizes our progress towards achieving sustainable targets and highlights the initiatives implemented to mitigate our environmental impact. As with previous years, this sustainability report focuses on the Merrion Centre, our largest and most complicated asset.
Key Achievements:
Energy Efficiency: We introduced an energy-saving lighting scheme that has reduced our electricity consumption by 81%, significantly cutting both energy use and carbon emissions.
Waste Management: We achieved zero waste to landfill, with 50.5% of total waste recycled and 49.5% directed to an energy recovery facility. Additionally, our used cooking oil recycling raised £2,832 to reinvest in sustainability initiatives.
Sustainable Cleaning: Our continued use of OdorBac Tec 4, a sustainable cleaning solution, supports our zero plastic waste target with a closed-loop container system. The chemical’s efficient dosing system also minimizes waste while ensuring effective cleaning practices.
Solar Energy: Our solar farms generated 189,159 kWh of renewable electricity this year, helping to further reduce our carbon footprint.
Merrion Centre
Driving Sustainability Forward To Make A Greener Merrion Centre
The Merrion Centre is committed to achieving Net Zero by focusing on carbon emissions, resource use, and socio-economic impacts. Our strategy is integral to our decision-making process, going beyond legal requirements.
Key Targets:
Enhanced Waste Segregation: We’re focusing on improving waste segregation processes, particularly for dry and mixed recycling and food waste, and are increasing tenant education to promote responsible disposal.
Improved Signage: New signage will be introduced throughout the Centre to make waste segregation more accessible and support tenant participation in sustainable practices.
Expanded Solar Energy: We aim to assess and identify new areas within the Merrion Centre for solar installation, maximizing the potential of renewable energy generation and reducing energy costs.
Through these goals, we’re confident in driving positive environmental impact, setting a strong example of responsible and sustainable business practices.
To read further details please see page 39 in our Annual Report.