Disposal

Land Securities Group Plc
26 July 2007

26 July 2007

Land Securities Group PLC ('Land Securities' / 'Group')
LAND SECURITIES AGREES SALE OF AWARD WINNING WHITEFRIARS SCHEME

Land Securities announced today that it has exchanged contracts for the sale of
its award winning Whitefriars retail scheme in Canterbury city centre to
Henderson Global Investors and Canada Pension Plan Investment Board for £253
million, giving a net initial yield of 4.1% and a nominal equivalent yield of
4.85%.

The retail holdings, which together make up the Whitefriars Quarter, total
600,000 sq ft and are anchored by Fenwick, Marks and Spencer and key national
fashion retailers.  The scheme comprises three properties:

 1. Clocktower - redeveloped in the early 1990s;
 2. Whitefriars  - completed in 2005, winning the BCSC Supreme Gold award and an
    International Design & Development Award  by ICSC; and
 3. Marlowe Arcade - an extensive refurbishment completed in March 2007.

Francis Salway, Group Chief Executive of Land Securities, commented on the sale
of the holdings:

'Land Securities has been able to create significant value for its shareholders
through the development and letting of this unique retail destination in the
heart of Canterbury city centre.  The capital from the sale of the Whitefriars
scheme will be reinvested into other projects within our significant retail
development programme, which currently totals over £1.1bn.'

Henderson Global Investors' UK Shopping Centre Fund and the Canada Pension Plan
Investment Board have formed a 50/50 joint venture to acquire the holdings.

Cushman & Wakefield acted for Land Securities, Morgan Williams acted for the
purchaser.



                                     -Ends-



For further information please contact:

Francis Salway /Melissa Winsor                         Stephanie Highett/Dido Laurimore/Lauren Mills
Land Securities                                        Financial Dynamics
Tel: [phone]                                     Tel: [phone]


Notes to Editors


Land Securities Group PLC

Land Securities is the UK's leading real estate investment trust. Our national
portfolio of commercial property, worth many billions of pounds, includes some
of Britain's best-known shopping centres, such as the Birmingham Bullring and
Gunwharf Quays in Portsmouth, as well as London landmarks such as the Piccadilly
Lights and Westminster City Hall. We are leading urban renaissance through our
billion pound development programme, transforming Exeter, Bristol and Cardiff
city centres as well as key sites in Central London. We are also one of the
leading names in property partnerships and through urban community development
are involved in long-term, large-scale regeneration projects in the south-east.
www.landsecurities.com




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