Re: Letting

Land Securities Group Plc
02 November 2006



2 November 2006



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



Land Securities ANNOUNCES NEW MAJOR LETTING AT 5 NEW STREET SQUARE



Land Securities announces that it has exchanged contracts with Taylor Wessing, a
leading European law firm, for the pre-letting of Building Five at its New
Street Square development on New Fetter Lane, EC4.



Taylor Wessing will make 5 New Street Square its UK head office occupying the
majority of the building, some 166,000 sq ft, on a 17 year lease.  The rental
profile varies over the building with £50 per sq ft being achieved on the upper
floors.



Mike Hussey, Land Securities' Managing Director, London Portfolio commented;

'We are delighted to conclude this letting to Taylor Wessing. Legal and
Professional Services occupiers have been target sectors for us in New Street
Square. This letting further demonstrates the suitability of the accommodation
for them.



'The Tower at 6 New Street Square is going to be a breathtaking new addition to
London's skyline and the completed project will be a new heart for this area of
the City.'



Taylor Wessing's Managing Partner Michael Frawley, comments:

'Our current home at Carmelite, Victoria Embankment, has served us well for the
past 13 years but we are fast outgrowing it. The move to New Street Square will
provide us with a modern working environment and an excellent platform from
which to service our clients. The new office space is also flexible enough to
absorb our future growth and reflects our confidence in meeting our ambitious
growth targets.'



5 New Street Square is part of the 730,000 sq ft mixed-use scheme, designed by
Bennetts Associates, which replaces an assortment of post war office blocks with
four contemporary office buildings, all of which open onto a new landscaped
central square lined by shops and cafes.



The letting to Taylor Wessing follows the successful lettings of 2 and 3 New
Street Square to Deloitte leaving approximately 250,000sq ft of office and circa
30,000 sq ft of retail available within the scheme.



Savills represented Taylor Wessing. CB Richard Ellis and Jones Lang LaSalle are
joint leasing agents for Land Securities



                                     -Ends-

For further information please contact:



Mike Hussey / Emma Denne
Land Securities
Tel: + 44 (0)20 7024 5460



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



Notes to Editors



www.newstreetsquare.co.uk



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.



A steadfast commitment to the Capital means that over half of Land Securities
portfolio, some £5.9 billion, is held in London. Of this, £4 billion is invested
in office accommodation. Through a precision-timed development pipeline and a
carefully managed portfolio of investments, Land Securities offers the city and
its people a broad choice of working environments to suit the needs of modern
business.



Representing approximately 4% of London's office accommodation, Land Securities
ownership spans the city. From the recently completed development at Cardinal
Place, SW1 to our most current planning success at 20 Fenchurch Street, EC3,
Land Securities is focussed on the provision of best in class accommodation,
meticulous management services and is 100% committed to improving the public
realm.



Familiar landmarks like Piccadilly's Lights, New Scotland Yard and Portland
House sit comfortably alongside newer developments which will shape London's
ever-changing skyline. Over the next four years, London will see a further £1.5
billion investment from Land Securities on new development projects; the most
high profile of which sits alongside St Paul's Cathedral at One New Change.
Developments at New Street Square, EC4, on the South Bank at Bankside123, Park
House in the west end and at One Wood Street in the City will bring Class A
office accommodation to all corners of London.



Land Securities' increasingly in-demand Landflex offer lends further weight to
the portfolio of products offered to the market. Landflex enables office
occupiers to tailor their business accommodation requirements to their changing
needs, with flexible leases of specially designed buildings and a range of
customer services through the business club model. With properties at the
Empress State building, SW6, Soho Square, Eastbourne Terrace, Aldersgate Street
and our latest acquisition at 47 Mark Lane the Landflex portfolio has expanded
to around 750,000 sq ft of flexible accommodation.



For more information on Land Securities visit www.landsecurities.com


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