Solihull Retail Investment Acquired

FOR IMMEDIATE RELEASE

15 January 2008

              LAP PURCHASES A PRIME RETAIL INVESTMENT IN SOLIHULL              

London & Associated Properties PLC ("LAP"), the retail and London focused
property investor, today announces that it has purchased a freehold parade of
seven retail shops in High Street and Mill Lane, Solihull for £13.7 million in
cash. The income from the units is £788,500 reflecting a net initial yield of
5.4%.

The property was purchased from Standard Life Investment Funds Ltd. Lewis and
Partners advised LAP, while Churston Heard acted for the vendor.

Ends

Contact:

London & Associated Properties PLC Tel: [phone]

John Heller, Chief Executive

Robert Corry, Finance Director

Baron Phillips Associates Tel: [phone]

Baron Phillips