Disposal

Land Securities Group Plc
18 January 2006


18 January 2006


LAND SECURITIES GROUP PLC ('Land Securities')


Land Securities announces sale of regional high street properties


Land Securities announces the exchange of contracts for the sale of a portfolio
of high street retail properties to Norwich Property Trust Limited for £95.3m,
giving an initial yield of 5.1%.

The following properties were included in the portfolio:

  • Canterbury - Longmarket
  • Hull - Queens House
  • Plymouth - 10/22 Cornwall Street
  • Plymouth - 24/34 Cornwall Street
  • Plymouth - 36/46 Cornwall Street & 152/158 Armada Way
  • Plymouth - 135/147 Armada Way & 51/63 Cornwall Street
  • Stafford - Gaolgate Place.

Commenting on the sales, Richard Akers, Managing Director, Retail Portfolio at
Land Securities, said:

'The sale of this portfolio of high street properties reflects our strategy of
investing in dominant retail assets - shopping centres and retail parks - where
there are opportunities to add value through active asset management.'

Land Securities was advised by Jones Lang Lasalle and Knight Frank advised
Norwich Property Trust Limited.


                                     -ends-


For further information please contact:

Richard Akers/Melissa Winsor
Land Securities
Tel: [phone]


Notes to Editors


Land Securities has been at the forefront of the UK's commercial property
industry for over 60 years.

The Group maintains its market leading position as the UK's largest quoted
property company by providing property investment, development and outsourcing
activities to a wide range of occupiers.

Land Securities holds a market leading position in three areas:

  • Retail,
  • London offices and
  • Property outsourcing.

Its £11.5 billion combined investment portfolio totals over seven million sq
metres, and the substantial development programme includes major retail-led
urban regeneration schemes, Central London mixed-use developments and Europe's
largest regeneration scheme, Kent Thameside.

Land Securities owns and manages £6.9 billion of retail property throughout the
UK, accommodating hundreds of retailers, along with many businesses in the
restaurant and leisure industries. The portfolio includes 28 shopping centres
and designer outlets, 33 retail parks and central London retail.

Through the extenstive retail development programme it will create approximately
340,000 sq m of new floor space over the next five years, reinvigorating town
and city centres with new urban environments.





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