Letting

RNS Number : 0892M

Quintain Estates & Development PLC

22 January 2009

Quintain Estates & Development PLC

('Quintain')

MERIDIAN DELTA SECURES FURTHER LETTING

TO TRANSPORT FOR LONDON AT GREENWICH PENINSULA

Meridian Delta Limited, the joint venture between Lend Lease (Europe) Ltd and Quintain that is leading the regeneration of the Greenwich Peninsula, announces that Transport for London ('TfL') has exercised an option to lease an additional two floors, comprising 61,000 sq ft, of the first commercial building at Greenwich Peninsula. This ensures that TfL will now be the sole tenant of the 196,000 sq ft building, which will be the first element to be completed and occupied in the Greenwich Peninsula's future 3.5 million sq ft business district, Peninsula Central.

The building, designed by Terry Farrell and Partners, includes 13,100 sq ft of retail space. Construction is scheduled for completion in summer 2009. 1,800 TfL employees will move to Peninsula Square next to Ravensbourne College and The O2. The building combines energy efficiency and high design standards and will achieve a BREEAM Excellent rating.

Nick Shattock, deputy chief executive of Quintain, said:

'The exercising by TfL of this option at Greenwich Peninsula is testament to the excellent location next to Canary Wharf, the quality of the building's design and the standard of environmental performance we are achieving here. As Peninsula Central takes shape, it is attracting increasing attention from businesses who want an excellent office location offering good value for money and from retailers looking to take advantage of the potential footfall from the Peninsula's occupiers, residents and visitors.'