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13 Aug 2007 07:00

FOR IMMEDIATE RELEASE

13 August 2007

LONDON & ASSOCIATED PROPERTIES PLC ‚£20.5M SALE OF SAXON SQUARE SHOPPING CENTRE, CHRISTCHURCH

London & Associated Properties PLC (`LAP') today announces it has unconditionally exchanged contracts for the sale of its shopping centre in Christchurch to RREEF UK Property Ventures Fund No 3 for ‚£20.5m cash, reflecting a net initial yield of 5.05%, or 4.6% net of rents guaranteed by LAP on certain units for a maximum of a year.

LAP originally acquired the 103,000 sq ft centre in 1997 and it currently comprises 22 retail units, 9 kiosks and a coffee shop let to tenants including Somerfield, New Look, Dorothy Perkins, WH Smith, Argos, and Boots. At 31 December 2006, the last independent valuation, the property was valued at ‚£ 18.735m.

LAP was advised by Gooch Cunliffe Whale and Lewis & Partners while Jackson Criss acted for the purchasers.

Ends

Contact

John Heller, Chief Executive, LAP. Tel: 020.7415.5000

Robert Corry, Finance Director, LAP.

Baron Phillips, Baron Phillips Associates. Tel: 020.7920.3161

END

LONDON AND ASSOCIATED PROPERTIES PLC

Date		Source	Headline
3rd May 2011	12:02 pm	PRN	Annual Report and Notice of AGM Publication
28th Apr 2011	7:05 am	PRN	Final Results
19th Apr 2011	7:05 am	PRN	Preliminary announcement
28th Feb 2011	12:51 pm	PRN	Treasury Stock and Share Investment Plan
17th Dec 2010	3:28 pm	PRN	Correction : Treasury Shares Issued For S I P
16th Dec 2010	3:13 pm	PRN	Treasury Shares Issued For Share Incentive Plan
19th Nov 2010	10:30 am	PRN	Interim Management Statement
12th Nov 2010	9:16 am	PRN	Director/PDMR Shareholding
1st Oct 2010	11:02 am	PRN	Treasury Shares/Directors' Transactions
27th Aug 2010	7:00 am	PRN	Half-yearly Report
17th Aug 2010	7:00 am	PRN	Statement re sale of property
21st Jul 2010	1:46 pm	PRN	Annual Information Update
2nd Jul 2010	7:00 am	PRN	Additional Listing
1st Jul 2010	7:00 am	PRN	Statement re Bank Facility
8th Jun 2010	4:08 pm	PRN	Result of AGM
7th Jun 2010	10:14 am	PRN	Dividend - Capitalisation Ratio
19th May 2010	7:00 am	PRN	Interim Management Statement
4th May 2010	5:10 pm	PRN	Annual Report and Notice of AGM publication
30th Apr 2010	7:00 am	PRN	Final Results
29th Jan 2010	4:17 pm	PRN	Treasury Stock
22nd Dec 2009	5:28 pm	PRN	Treasury shares issued for Share Incentive Plan
9th Dec 2009	11:30 am	PRN	Disposal
8th Dec 2009	4:13 pm	PRN	Sale of Islington retail investment for GBP6.62m
7th Dec 2009	7:00 am	PRN	Sale of Islington retail investment for GBP6.22m
4th Nov 2009	11:55 am	PRN	Interim Management Statement
6th Oct 2009	12:15 pm	PRN	Sale of Property
28th Aug 2009	7:00 am	PRN	Half-yearly Report
3rd Jul 2009	9:50 am	PRN	Director/PDMR Shareholding
2nd Jul 2009	12:19 pm	PRN	Annual Information Update
1st Jul 2009	10:32 am	PRN	Additional Listing
10th Jun 2009	12:45 pm	PRN	Result of AGM
8th Jun 2009	11:05 am	PRN	Capitalisation Issue
19th May 2009	7:00 am	PRN	Interim Management Statement
1st May 2009	4:28 pm	PRN	Treasury Stock
30th Apr 2009	7:02 am	PRN	Annual Financial Report to 31 December 2008
6th Mar 2009	4:59 pm	PRN	Treasury Stock
12th Feb 2009	4:00 pm	PRN	Treasury Stock
9th Feb 2009	4:28 pm	PRN	Transaction in Own Shares
15th Jan 2009	10:46 am	PRN	Holding(s) in Company
14th Jan 2009	3:00 pm	PRN	Holding(s) in Company
29th Dec 2008	10:12 am	PRN	Holding(s) in Company
17th Nov 2008	3:24 pm	PRN	Transaction in Own Shares
12th Nov 2008	7:00 am	PRN	Interim Management Statement
10th Oct 2008	4:47 pm	RNS	Second Price Monitoring Extn
10th Oct 2008	4:43 pm	RNS	Price Monitoring Extension
22nd Sep 2008	4:44 pm	RNS	Second Price Monitoring Extn
22nd Sep 2008	4:36 pm	RNS	Price Monitoring Extension
28th Aug 2008	7:02 am	PRN	Half-yearly Report
28th Aug 2008	7:02 am	PRN	Statement re letter to shareholders
30th Jul 2008	9:06 am	PRN	Solihull Lettings

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