Land Securities Group Plc
11 March 2005
11 March 2005
LAND SECURITIES GROUP PLC ('Land Securities' / 'Group')
BBC White City
Land Securities Group PLC announces that Land Securities Trillium, its property
outsourcing business, has granted an option to the BBC for it to acquire the
recently completed Media Village, White City, London.
The BBC has indicated to Land Securities Trillium that the option will be
exercised upon successful completion of a bond issue now being marketed on
behalf of a prospective new landlord in order to enable it to acquire a long
leasehold interest in the site. If the option is exercised it will result in a
decrease in the annual unitary charge received by Land Securities Trillium from
the BBC.
- Ends -
For further information, please contact:
Land Securities Trillium
Ian Ellis
Tel: +44 (0)20 7796 5500
Land Securities
Emma Denne
Tel: +44 (0)20 7024 5460
This information is provided by RNS
The company news service from the London Stock Exchange
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