Sale of Business Space

Slough Estates PLC
06 January 2006



6th January 2006


SLOUGH ESTATES AGREES SECOND SALE OF BUSINESS SPACE AT CENTENNIAL PARK, ELSTREE

Slough Estates, a leading provider of flexible business space, has exchanged
contracts with Scarborough Group for the sale of Phase 600 / 700 of its
Centennial Business Park in Elstree for £16.35 million. The deal follows the
sale in November of Phases 100 / 200 to Morley for £35 million.

Phases 600 / 700 comprise four office buildings totalling 6,285 sq m providing
rental income of £1,308,000 per annum. The sale price reflects a net initial
yield of 7.50%.

Slough Estates intends to retain the remaining business space at Phase 300 as
well as nearly 2.85 hectares of development land.

John Danks, Regional Director at Slough Estates commented:

'This transaction is part of our active acquisition and disposal programme - in
line with Slough's strategy of trading stock and recycling capital across the UK
portfolio. Our remaining land on this site represents an excellent development
opportunity within the M25. These actions follow the earlier acquisition of the
40 hectare Woodside Estate at Dunstable which strengthened our North London and
East of England Region.'

Slough Estates plc was advised by Jones Lang LaSalle and Scarborough by Lambert
Smith Hampton.

                                     -ends-

For further information please contact:

Slough Estates plc                 The Maitland Consultancy
Michael Waring                     Colin Browne
Tel: [phone]                  Tel: [phone]


Notes to editors

Slough Estates is a leading provider of flexible business space in business
parks in Western Europe and North America, with over 1500 customers occupying
approximately 3m square metres of business space. Slough Estates' properties are
in suburban locations in close proximity to the main business centres, where
there is long term demand for business accommodation to serve these key economic
regions. The company's main activities are currently based around London,
Brussels, Paris, Dusseldorf, Amsterdam, San Francisco and San Diego and the
company continues to develop new business parks with the long term objective of
building shareholder value and enhancing its reputation for quality buildings
offering excellent value to customers. www.sloughestates.com




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