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8 Mar 2007 07:00

FOR IMMEDIATE RELEASE

8 March 2007 LONDON & ASSOCIATED PROPERTIES PLC: ‚£18.7M SALE OF DAGENHAM SHOPPING CENTRE

London & Associated Properties PLC ("LAP") today announces it has exchanged contracts for the sale of its 105,000 sq ft Mall Shopping Centre in Dagenham to O Twelve Estates Limited for ‚£18.7m cash, reflecting a net initial yield of 5.4%.

LAP originally acquired the centre in 1994 and it currently comprises 30 retail units let to tenants that include Wilkinsons, Boots, Peacocks, Superdrug and The Post Office. At 31st December 2005, the last independent valuation, the property was valued at ‚£14.925m, of which The Mall Shopping Centre accounted for ‚£14.275m and the adjoining Post Office building accounting for ‚£0.65m.

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

LONDON AND ASSOCIATED PROPERTIES PLC

Date		Source	Headline
25th Aug 2006	4:15 pm	PRN	Acquisition(s)
16th Aug 2006	3:56 pm	PRN	Annual Information Update
15th Aug 2006	11:33 am	PRN	Statement re Disposal of Asset
27th Jul 2006	3:52 pm	PRN	Director/PDMR Shareholding & Treasury Shares issued
28th Jun 2006	3:58 pm	PRN	AGM Statement
30th May 2006	8:30 am	PRN	Sheffield Letting to River Island
26th May 2006	3:00 pm	PRN	Annual Report and Accounts
4th May 2006	4:25 pm	PRN	Director/PDMR Shareholding
28th Apr 2006	10:51 am	PRN	Holding(s) in Company
28th Apr 2006	8:16 am	PRN	Financial Highlights
28th Apr 2006	7:00 am	PRN	Preliminary Results
13th Apr 2006	2:51 pm	PRN	Holding(s) in Company
6th Jan 2006	9:10 am	PRN	APPOINTMENT OF NON-EXECUTIVE DIRECTOR
28th Dec 2005	2:49 pm	PRN	Treasury Stock
21st Oct 2005	7:00 am	PRN	Interim Results to 30 June 2005
20th Oct 2005	2:59 pm	PRN	IFRS Transition Statement
11th Oct 2005	2:13 pm	PRN	Notice of Results
26th Aug 2005	9:06 am	PRN	Interim Results
28th Jul 2005	3:46 pm	PRN	Treasury Stock
12th Jul 2005	6:00 am	PRN	Sheffield Flagship Store
30th Jun 2005	4:58 pm	PRN	Director Shareholding
28th Jun 2005	4:08 pm	PRN	Director Shareholding- Tender offer
27th Jun 2005	11:17 am	PRN	Result of EGM
27th Jun 2005	6:00 am	PRN	Result of Tender offer
20th Jun 2005	9:00 am	PRN	Re-issue of Treasury Shares
14th Jun 2005	7:37 am	PRN	Re-issue of treasury shares
13th Jun 2005	3:11 pm	PRN	Director Shareholding
2nd Jun 2005	6:00 am	PRN	Tender Offer
26th May 2005	10:59 am	PRN	Result of AGM
28th Apr 2005	3:57 pm	PRN	Annual Report and Accounts
11th Apr 2005	1:39 pm	PRN	Director Shareholding
21st Mar 2005	8:00 am	PRN	Final Results
15th Mar 2005	10:34 am	PRN	Notice of Results
17th Feb 2005	7:00 am	PRN	Windsor Redevelopment Underway
16th Feb 2005	7:00 am	PRN	GBP4.85m Shopping Centre Sale
15th Feb 2005	4:01 pm	PRN	Ã‚Â£4.85m Retail Centre Sale
10th Jan 2005	7:00 am	PRN	Further Lettings at Windsor

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