Re. White City

Land Securities Group Plc
23 March 2005

23 March 2005



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



BBC White City



Land Securities Group PLC announces that Land Securities Trillium has completed
the sale of its interest in Media Village, White City to facilitate an asset
backed bond issue by a new landlord that will provide the BBC with a lower cost
of occupation given the favourable bond markets.



The property was sold for just over £340 million with proceeds of £321.5 million
being received by Land Securities Trillium.  The balance of the sale proceeds
has been paid to the BBC in respect to a payment due to the BBC for its carried
interest in the site.  As a result of the sale the unitary charge paid to Land
Securities Trillium will reduce by some £26 million per annum.



Following completion of the sale, the BBC and Land Securities Trillium are
working together to review the revised structure of the contract and the current
facilities management services provided to the BBC across its London and
Scottish Estates.  Land Securities Trillium will continue to manage, under
separate agreements with Land Securities, the BBC developments at Broadcasting
House, London W1 and Pacific Quays, Glasgow.



Commenting on the transaction, Ian Ellis, Chief Executive, Land Securities
Trillium, said,



'The strength of the property outsourcing solution is our ability to work with
our partners to refine and review contracts as they progress.  With strong
funding markets and a successfully completed project it made perfect sense to
sell Media Village to the benefit of the BBC and us.  We recycle our capital
efficiently while the BBC achieves a lower cost of occupation in the new
state-of-the art broadcast facility which we developed on time and to budget.'



                                    - Ends -

For further information, please contact:

Land Securities Trillium
Ian Ellis
Tel: [phone]

Land Securities
Emma Denne
Tel: [phone]

Financial Dynamics
Stephanie Highett/Dido Laurimore
Tel: [phone]





Editors notes



Land Securities Trillium

Land Securities Trillium, part of the Land Securities Group, is one of the UK's
leading providers of property outsourcing solutions.  Capital, estate strategy,
property management, facilities management and risk management services are
combined to meet the particular needs of corporate and public sector
organisations.  Land Securities Trillium currently owns or manages over 8,400
properties throughout the UK.  Clients include the Department for Work and
Pensions, the BBC, BT, Norwich Union and Barclays Bank.



Land Securities Group PLC

Land Securities Group ('Land Securities' / 'Group') 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.
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

•         Central London offices and

•         Property outsourcing.



Its £8.9 billion investment portfolio includes more than 810,000 sq m of office
space in Central London and substantial retail holdings in Oxford Street,
Tottenham Court Road and Notting Hill Gate.  In addition the Group owns 18
shopping centres and 25 retail parks located across the UK.






                      This information is provided by RNS
            The company news service from the London Stock Exchange