Disposal

FOR IMMEDIATE RELEASE

8 March 2007

                      LONDON & ASSOCIATED PROPERTIES PLC:                      

                    £18.7M SALE OF DAGENHAM SHOPPING CENTRE                    

London & Associated Properties PLC ("LAP") today announces it has exchanged
contracts for the sale of its 105,000 sq ft Mall Shopping Centre in Dagenham to
O Twelve Estates Limited for £18.7m cash, reflecting a net initial yield of
5.4%.

LAP originally acquired the centre in 1994 and it currently comprises 30 retail
units let to tenants that include Wilkinsons, Boots, Peacocks, Superdrug and
The Post Office. At 31st December 2005, the last independent valuation, the
property was valued at £14.925m, of which The Mall Shopping Centre accounted
for £14.275m and the adjoining Post Office building accounting for £0.65m.

LAP was advised by Gooch Cunliffe Whale and Lewis & Partners while Jackson
Criss acted for the purchasers.

                                     Ends.                                     

Contact:

John Heller, Chief Executive, LAP. Tel: [phone]

Robert Corry, Finance Director, LAP

Baron Phillips, Baron Phillips Associates. Tel: [phone]