Re: Planning Consent

Land Securities Group Plc
14 September 2006


14 September 2006


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

Park House development gets green light from Westminster

Land Securities announces that Westminster City Council's Planning and
Transportation Committee resolved to grant planning consent for the Group's
mixed use redevelopment of Park House on Oxford Street W1.

Park House occupies an entire city block of 0.42 hectares at 453-497 Oxford
Street, including 47 North Row and is bordered by Oxford Street to the north,
Park Street to the west, North Row to the south and North Audley Street to the
east.

Designed by Hamiltons Architects, the bold and contemporary design provides
100,000 sq ft of retail accommodation, 165,000 sq ft of office space as well as
39 high quality apartments which will take in views across Oxford Street and
south Mayfair, integrating three distinct uses in one building.  The scheme also
includes significant improvements to North Row and public realm in the vicinity
of the site.

Welcoming the Committee's decision, Mike Hussey, Managing Director of Land
Securities' London Portfolio said:

'For too long progress in this important part of the West End has been
restricted as a result of a poor architectural heritage. The Hamiltons design is
creative, innovative and addresses the needs of the office and retail occupiers.
The residential element of the scheme is going to be simply stunning.'

-Ends-


For further information please contact -

Land Securities
Mike Hussey/Melissa Winsor
020 7413 9000

Financial Dynamics
Stephanie Highett/Dido Laurimore
020 7831 3113


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, owing and managing six and a half million
sq m of property across the UK.

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

The £12.9 billion investment portfolio includes office and retail space in
Central London, 30 shopping centres, 30 retail parks and 10 supermarket
properties located across the UK.

It has a substantial development programme including major retail-led urban
regeneration schemes and Central London mixed-use developments.  The Group is
also master planning 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, Norwich Union, Barclays Bank, DVLA and
through Telereal to BT.

The Group is committed to environmental initiatives and community involvement
recognised by the Group's inclusion in the FTSE4Good Index and the Dow Jones
Sustainability Index and the awarding of a 'Big Tick' by BiTC.

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


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