Disposal

Land Securities Group Plc
27 April 2005

27 April 2005



Land Securities Group PLC ('Land Securities' / 'Group')



LAND SECURITIES SELLS 30 GRESHAM STREET, EC2



Land Securities Group PLC announces that it has completed the sale of 30 Gresham
Street to GIC Real Estate Pte Ltd (GIC RE) for £274m, representing a yield on
income of 5.6%.  GIC RE has entered into the sale agreement through its
affiliate.



Mike Hussey, Managing Director of Land Securities' London Portfolio, commented:



'We are delighted to have concluded the sale of 30 Gresham Street, realising the
value we have created through its development and subsequent letting to Dresdner
Kleinwort Wasserstein.  Land Securities will reinvest the proceeds in other
opportunities within the London market.'



President of GIC RE, Dr Seek, commented on the purchase;



'This is an ideal opportunity for GIC RE to increase its exposure to the prime
London City market.'



BH2 represented Land Securities and GIC RE was represented by Strutt and Parker.



                                    - Ends -





For further information please contact:



Melissa Winsor
Land Securities Group
Tel: [phone]



Stephanie Highett/Dido Laurimore
Financial Dynamics
Tel: [phone]



Note to Editors



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 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 £8.9 billion investment portfolio includes office space in Central London
and substantial retail holdings in Oxford Street, Tottenham Court Road and
Notting Hill Gate.  In addition the Group owns 21 shopping centres and 25 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.




                      This information is provided by RNS
            The company news service from the London Stock Exchange