Sheffield Pre-Let

FOR IMMEDIATE RELEASE

11 September 2007

                  LONDON & ASSOCIATED PROPERTIES PLC PRE-LET                   

                 45,000 SQ FT SHEFFIELD RETAIL UNIT TO TK MAXX                 

London & Associated Properties PLC ("LAP"), the fully listed UK shopping centre
and central London property specialist, today announces it has pre-let a new
45,000 sq ft retail unit at its Orchard Square Centre, Sheffield, to national
fashion chain TK Maxx.

The new unit has been created from the existing 18,000 sq ft TK Maxx unit, some
smaller shops and the former Stonehouse public house, which LAP acquired three
years ago.

Construction of the new larger retail unit is now underway and is scheduled for
completion by the end of Summer 2008 at a cost of approximately £4.5m and TK
Maxx has agreed a new 15 years lease at an initial annual rent of £625,000,
reflecting an incremental rent of £383,500 a year.

LAP was advised by Lane Walker.

                                     Ends.                                     

Contact:

London & Associated Properties PLC Tel: [phone]

John Heller, Chief Executive

Robert Corry, Finance Director

Baron Phillips Associates Tel: [phone]

Baron Phillips