Acquisition

Land Securities Group Plc
12 July 2007


12 July 2007


Land Securities Group PLC ('Land Securities')


LAND SECURITIES TRILLIUM ACQUIRES AMEC'S PROJECT INVESTMENTS BUSINESS


Land Securities Group PLC announced today that its property partnership
business, Land Securities Trillium ('LST'), has exchanged contracts with AMEC
plc ('AMEC') for the purchase of AMEC's Project Investments business ('Project
Investments').  Project Investments includes AMEC's interests in nine signed
Private Finance Initiative ('PFI') projects, one preferred bidder project and
the PFI/PPP bidding and asset management team.


LST has agreed a cash consideration of £163.5 million for Project Investments.
The transaction is subject to receiving consents from public authorities and
lenders to the PFI projects.  If consents are not given or co-shareholders
exercise existing pre-emption rights in relation to some of the assets, the
consideration paid by LST will be adjusted accordingly.


It is anticipated that the deal will be completed by 31 October 2007.


Project Investments has been involved in the UK PFI/PPP market since the
introduction of the Private Finance Initiative and has a specialist team of
professionals engaged in the complete PFI/PPP delivery structure, from front end
bidding to long-term management of the investment.


The nine PFI projects in Project Investments are all in the UK and focused on
the healthcare, transport and education sectors including Cumberland Infirmary,
one of the country's first operational PFI hospitals and the South Lanarkshire
Schools PFI, one of the largest schools PFI projects to date.


Ian Ellis, Chief Executive, LST said: 'Project Investments offers an excellent
fit with the existing LST business and reinforces our presence in the Community
Infrastructure market.   It brings us a top quality portfolio of assets and a
high calibre team of people who have a long and successful track record in
bidding major PFI/PPP projects.'


                                    - End -


For further information, please contact:


Melissa Winsor/Ian Ellis                                 Stephanie Highett/Dido Laurimore
Land Securities Group PLC                                Financial Dynamics
T [phone]                                    T [phone]


Notes to Editors


Land Securities Trillium


Part of the Land Securities Group, Land Securities Trillium is one of the most
established and innovative names in property outsourcing and PFI/PPP.  It
focuses on understanding customers' business requirements and meeting them
through high quality and innovative service delivery.  LST manages and provides
services to numerous commercial properties nationwide, for a growing number of
companies and government departments.  These activities sit alongside Land
Securities' investment portfolio, worth many billions of pounds, which includes
a vast range of shopping centres and retail parks as well as landmark buildings
in London.  Land Securities is also involved in a major urban community
development programme.


Land Securities Trillium currently has investments in over 100 PFI/PPP projects,
predominantly in the health and education sectors.



                      This information is provided by RNS
            The company news service from the London Stock Exchange