Preferred Bidder

Land Securities PLC
22 March 2001


22 March 2001


Land Securities Trillium selected as preferred bidder for BBC property
partnership

The BBC has today announced that Land Securities Trillium ('Trillium') has
been selected as the preferred bidder for the BBC property partnership.
Following completion of the deal, Trillium is expected to fulfil the BBC's
property requirements over the next 30 years through a comprehensive
outsourced property agreement.  Trillium and the BBC will continue detailed
negotiations with the objective of the contract going live in early Autumn
2001.  Land Securities and Trillium submitted the original bid under the name
'2020 Insight' prior to Land Securities' acquisition of Trillium in November
2000.

The contract involves some £500 million of investment to provide modern,
flexible accommodation, a wide range of facilities management services and
active estate management.  The project initially centres on the provision of a
combination of services for the Scottish and London estate, plus a major
redevelopment at White City.  Future developments are expected to include
Broadcasting House and the new headquarters for BBC Scotland at Pacific Quay,
Glasgow.

The selection of Trillium as preferred bidder for the first non-governmental
total property outsourcing contract* is a milestone for both the property
industry and Trillium.  The decision comes four months after Land Securities
PLC acquired Trillium in November 2000 as part of its strategy to seek
additional earnings streams through the provision of total property services.

Ian Henderson, Chief Executive of Land Securities PLC ('Land Securities'),
commented, 'We are delighted to have been selected as the BBC's preferred
bidder and we see this project as a major step forward in achieving Land
Securities' future business strategy.'

Manish Chande, Trillium's Chief Executive Officer, commented, 'We are thrilled
at the prospect of working with the BBC in this ground-breaking partnership.
The BBC works at the cutting edge of creativity and technology, and we look
forward to providing its staff with a working environment designed and managed
to suit its business.'

*The property contract Abbey National concluded in October 2000 excluded the
delivery of services.

Ends



For further information please contact:

Land Securities

Manish Chande / Emma Denne

020 7796 5556 / 020 7333 9208



Notes to Editors


1.        Land Securities is one of Britain's leading real estate providers
with assets of  £7.7 billion.  The company's portfolio includes a balanced mix
of offices, shops, shopping centres, retail warehouses, leisure and industrial
properties.



2.        Trillium was established in 1997. It combines capital, estate and
facilities management expertise in a total outsourcing package which has
revolutionised the provision of serviced accommodation. In 1998, Trillium won
the PRIME contract to own and manage the majority of the Department of Social
Security's property portfolio.