Re. Eastern Quarry

Land Securities Group Plc 15 July 2005 15 July 2005 LAND SECURITIES GROUP PLC ('Land Securities' / 'Group') Eastern Quarry development approved by Dartford Borough Council Land Securities is pleased to announce that Dartford Borough Council this week resolved to grant planning permission for the Group's proposals to develop 6,250 homes, a range of community and employment facilities and new parks and lakes in Eastern Quarry, Kent Thameside. This approval is subject to completion of section 106 and withdrawal of the holding objection from the Highways Agency. Land Securities' proposals include 30% 'affordable' homes, a range of new schools, community facilities, local shops and offices. In addition, over a third of the development will be dedicated to open space. New wildlife areas including neighbourhood parks, ponds, wet and dry meadows, ecology areas, woodland and lakes will transform the chalk quarry which has been inaccessible to the public for many years. The proposals have been planned to integrate the developing new community with existing neighbouring areas. Land Securities will work with carefully selected house building partners to deliver the new homes to the highest architectural standards throughout all elements of the development. The development in the quarry will be brought forward in phases over twenty years. Initial site formation works are due to commence in April 2006 and it is anticipated that the first homes will be available in 2008. Francis Salway, Group Chief Executive, Land Securities said 'This is a significant step forward for our Urban Community Development team and Kent Thameside. We are delighted that Dartford Borough Council has given the green light for development at Eastern Quarry. By creating homes, jobs and leisure facilities, we will be helping to develop a new community that will link with established adjoining neighbourhoods. The Government often talks about creating 'sustainable communities' - and this development is exactly that with integrated transport systems, shops and local employment opportunities. And as we deliver these new communities in Kent, we also anticipate realising value for our shareholders over the next 20 years. Ian Lindsay, Deputy Chief Executive of the Kent Thameside Delivery Board commented: 'We are very pleased to see the Eastern Quarry scheme moving forward; it is central to the sustainable regeneration of Kent Thameside. Land Securities is a key partner in the delivery of the rapid transit scheme, Fastrack. The development at Eastern Quarry provides the opportunity to link Bluewater, Ebbsfleet International and Domestic station and the rest of Kent Thameside.' - Ends - For further information, please contact: Emma Denne Land Securities Group PLC Tel: 020 7413 9000 Stephanie Highett/Dido Laurimore Financial Dynamics Tel: 020 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. 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. Its £9.4 billion combined investment portfolio includes over 10 million sq feet of office and retail space in Central London and 28 shopping centres and 31 retail parks located across the UK. It has a substantial development programme with a number of development projects including major retail-led urban regeneration schemes and Central London mixed-use developments. The Group is also masterplanning 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, the BBC, Norwich Union, Barclays Bank, DVLA and through a joint venture, Telereal, to BT. The Group is committed to environmental initiatives and community involvement recognised by the Group's inclusion in the BiTC Corporate Responsibility Index, FTSE4Good Index and the Dow Jones Sustainability Index. For more information on Land Securities visit www.landsecurities.com This information is provided by RNS The company news service from the London Stock Exchange
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