Acquisition

Land Securities Group Plc
20 July 2005

20 July 2005



LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')


Land Securities buys £157m of London offices


Land Securities announces that it has purchased three London offices, 15 Bonhill
Street, London EC2, Holborn Gate, 26 Southampton Buildings, London WC1 and 140
Aldersgate Street, London EC1 for a total of £157m.  Of the three buildings, two
are income producing and one, 140 Aldersgate Street, is a 9,012 sq m (97,000 sq
ft) vacant new development.


The building at 15 Bonhill Street is a 10,620 sq m (115,000 sq ft) fully
refurbished 1960s building let to Amex, RIBA, YKK and Transport for London
producing £2.5m rental income per annum representing a 7.14% initial yield.


Holborn Gate is a 14,859 sq m (160,000 sq ft) property which was fully
refurbished in 1999.  Its occupiers include NatWest, Hogg Robinson, Xansa,
Pinemont Securities and Financial Dynamics.  Rental income is just over £5.3m
per annum representing an initial yield of 6.2%.


Commenting on the acquisitions Mike Hussey, Managing Director London Portfolio,
said


'Bonhill Street and Holborn Gate represent income producing assets with good
prospects for rental and capital growth through active management.  140
Aldersgate Street was identified initially for Landflex and we are also
receiving interest for this newly completed development from occupiers seeking
conventional lease terms.'



Agents for the transactions were:


Bonhill Street           Land Securities:           King Sturge
                         Vendor:                    Atis
Holborn Gate             Land Securities:           Fineman Ross/Sparkes Porter
                         Vendor:                    King Sturge
Aldersgate Street        Land Securities:           Allsops
                         Vendor:                    BH2



                                    - Ends -

For further information, please contact:

Mike Hussey/Emma Denne
Land Securities Group PLC
Tel: [phone]


Stephanie Highett/Dido Laurimore
Financial Dynamics
Tel: [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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