Planning permission

Land Securities Group Plc 20 September 2006 PRESS RELEASE 20 September 2006 Land Securities Group PLC ('Land Securities' / 'the Group') LAND SECURITIES SECURES RESOLUTION FOR NEW CITY OF LONDON TOWER Land Securities announces that the City of London Planning Committee has resolved to grant planning permission for its proposed development at 20 Fenchurch Street, EC3. Designed by international architect Rafael Vinoly, 20 Fenchurch Street will be a 160m (525 ft) 37-storey tower complex, totalling approximately 600,000 sq ft of office and retail space. Vinoly's innovative design also features a public 'Sky Garden' at the top of the building. This will be the highest 'accessible park' in London and will offer visitors an outside roof terrace, gardens, restaurant and cafe and a panoramic view of London. In addition, the development of 20 Fenchurch Street will significantly enhance the public realm around the base of the building, creating new views of the adjacent Wren Church and St. Margaret Pattens. Once full planning permission is obtained, the intention is to go to the market to seek a pre-let of part of the building prior to construction starting on site. Mike Hussey, Managing Director of Land Securities' London Portfolio, commented: 'This building responds to the City's need for increased density and the market's demand for efficient large floor plates. We are also extremely pleased that the building combines outstanding design with progressive features that will ensure it meets rigorous sustainability criteria. '20 Fenchurch will set new benchmarks for office design and we are delighted with the City of London's decision.' - ENDS - For further information please contact: Land Securities Mike Hussey/Emma Denne Tel: +44 (0)20 7413 9000 Financial Dynamics Stephanie Highett / Dido Laurimore Tel: +44 (0)20 7831 3113 Notes to Editors: Land Securities Group PLC Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. It has been at the forefront of the UK's commercial property industry for over 60 years. Today, the Group maintains its market leading position as the UK's largest quoted property company by providing commercial accommodation and property services to a wide range of occupiers, owing and managing six and a half million sq m of property across the UK. The Group's objective is to create attractive and sustainable returns for its shareholders through its activities, which include property investment, development and property outsourcing. Land Securities holds a market leading position in three areas of the UK commercial property market: • Retail, • London offices and • Property outsourcing. The £12.9 billion investment portfolio includes office and retail space in Central London, 30 shopping centres, 30 retail parks and 10 supermarket properties located across the UK. It has a substantial development programme including major retail-led urban regeneration schemes and Central London mixed-use developments. The Group is also master planning one of Europe's largest regeneration schemes in Kent Thameside. The Group leads the market in property outsourcing where, through Land Securities Trillium, it provides accommodation and property-related services to the Department for Work and Pensions, Norwich Union, Barclays Bank, DVLA and through Telereal to BT. The Group is committed to environmental initiatives and community involvement recognised by the Group's inclusion in the FTSE4Good Index and the Dow Jones Sustainability Index and the awarding of a 'Big Tick' by BiTC. For more information on Land Securities visit www.landsecurities.com Rafael Vinoly has recently been awarded an International Fellowship by the Council of the Royal Institute of British Architects (RIBA). He has 40 years of architectural experience, ranging from the expansion of the John F Kennedy Centre for Performing Arts in the US, to Japan's most important cultural complex, the Tokyo International Forum. As in his much publicised proposal for the World Trade Centre site, an integral part of all his designs is to invest in the public realm. This information is provided by RNS The company news service from the London Stock Exchange
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