Acquisition(s)

FOR IMMEDIATE RELEASE

28 January 2008

            LAP PURCHASES A PRIME RETAIL INVESTMENT IN CHESTERFIELD            

London & Associated Properties PLC ("LAP"), the retail property investor, today
announces that it has exchanged contracts to purchase a 54,000 square foot shop
let principally to Primark in Market Place, Chesterfield for £8.7 million in
cash. The income from the property is £522,000 reflecting a net initial yield
of 5.7%.

The property was purchased from Axa Sun Life plc. Lewis and Partners advised
LAP, while Kitchen La Frenais Morgan acted for the vendor.

Ends

Contact:

London & Associated Properties PLC Tel: [phone]

John Heller, Chief Executive

Robert Corry, Finance Director

Baron Phillips Associates Tel: [phone]

Baron Phillips