Re. Letting and Acquisition

Land Securities Group Plc
12 July 2005

12 July 2005


LAND SECURITIES GROUP PLC ('Land Securities')


Land Securities secures London headquarters letting and purchases Kent fashion
park


Land Securities today announces that it has agreed two major transactions in
respect of its London and retail portfolios.


First, Land Securities has exchanged contracts with P&O for the letting of a new
headquarters at 16 Palace Street, part of the Cardinal Place development in
Victoria, London SW1.


Second is the completion of the purchase of Westwood Cross fashion park, in
Thanet, Kent from developer Carillion Richardson.


Francis Salway, Group Chief Executive at Land Securities commented on the
transactions; 'These two transactions represent a continuation of the high level
of transactions across the business.  We are delighted to be attracting a number
of major corporates to our Cardinal Place development for their headquarters,
and we are also pleased to be adding to our out of town retail portfolio with an
asset which is already demonstrating strong levels of trading.'


P&O will occupy 3,065 sq m (33,000 sq ft) over the fourth and fifth floors at a
rental of £55 per sq ft.  This office letting is the second in the overall
Cardinal Place mixed-use development and follows the recent 5,574 sq m (60,000
sq ft) letting to 3i in April this year. In addition, the 9,290 sq m (100,000 sq
ft) retail and restaurant element of Cardinal Place is now 90% pre-let in
anticipation of an Autumn 2005 opening.


Westwood Cross is a 36,230 sq m (390,000 sq ft) newly developed out of town
shopping centre which opened in June 2005 and has attracted a high quality
retail line up including Debenhams, Marks and Spencer and other high street
multiples, with rents of up to £60 per sq ft.


                                     -ends-


For further information please contact:


Francis Salway/ Emma Denne

Land Securities Group PLC

+ 44 20 7413 9000



Stephanie Highett

Financial Dynamics

[phone]


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



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