Last checked at 27 Feb 2008 15:02
Press Release27 February 2008Final for immediate release
LAND SECURITIES GROUP PLC ("Land Securities)
LAND SECURITIES TO EVALUATE BENEFITS OF TRILLIUM SALE IN SHAREHOLDERS INTERESTS
The Board of Land Securities Group PLC (the "Board") has agreed that, following recent expressions of interest, it will evaluate the benefits of a sale of its Trillium business against the merits of a demerger.
This will run in parallel with the demerger process, which remains the primary focus of the Board.
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For further information, please contact:
Donal McCabe / Alison FlynnLand SecuritiesTel: +44 (0)20 7413 9000Notes to editorsLand Securities Group PLC * Land Securities is the UK's leading Real Estate Investment Trust with a national portfolio of commercial property worth over ‚£14 billion. Our investment portfolio also has around 60 retail parks and shopping centres including Birmingham's Bullring centre and Exeter's award-winning Princesshay site. * Half our portfolio is in London, where we own many landmark buildings such as the Piccadilly Lights and Westminster City Hall and are developing some of the capital's most innovative mixed-use schemes, such as Cardinal Place, Victoria and New Street Square in mid-town. * Land Securities' multi billion pound development programme is transforming regional city centres including Bristol, Cardiff, Glasgow and Leeds, key sites in Central London and delivering long-term, large-scale regeneration projects in the South East. * Land Securities is the principal name in property outsourcing and partnerships through Land Securities Trillium, which is one of the most established and innovative names in property outsourcing. We focus on understanding our customers' business and property requirements and meeting them through excellent service and innovation. We manage and provide services to numerous commercial properties nationwide, for a growing number of companies and government departments.
LAND SECURITIES GROUP PLC