Town Centre Regulatory News (TOWN)

6 February 2018

Town Centre Securities plc

("TCS" or the "Company") 

Major redevelopment of Merrion House in Leeds completed

Part of the £70m, ten-year regeneration of TCS's largest single asset, the Merrion Centre in Leeds

Town Centre Securities PLC, the Leeds based property investment, development and car parking company, announces that the refurbishment and extension works of its flagship Merrion House building in Leeds has completed.

The Merrion House milestone completes TCS's successful £70m, ten-year development and improvement project for its largest single asset, the Merrion Centre, of which Merrion House forms a part. The project has also been TCS's largest development scheme and one of the largest ever pre-lets in the Leeds.

The building is jointly owned by TCS and Leeds City Council under a unique long-term partnership and represents one of the biggest public and private sector partnerships agreed in recent years. Offering 170,000 sq ft of office space, Merrion House will be the main city centre office base for Leeds City Council, housing over 2,100 staff, when fully occupied later this year.

Edward Ziff OBE, Chairman and Chief Executive of TCS, said:

"The redevelopment of Merrion House and public-private partnership approach between Leeds City Council and Town Centre Securities has been hugely successful and we are proud to be assisting the Council as it evolves its services and delivers significant operational cost savings.

"Merrion House forms a key part of our multi-million-pound investment and regeneration of the Merrion Centre and the wider Arena Quarter."

For further information, please contact:

Town Centre Securities PLC www.tcs-plc.co.uk

Edward Ziff, Chairman and Chief Executive 0113 222 1234

Mark Dilley, Finance Director

MHP Communications

Reg Hoare / Alistair de Kare-Silver 0203 128 8742 07551 170 451

tcs@mhpc.com

Notes to Editors:

Town Centre Securities PLC is a Leeds based property investor and car park operator with assets of approximately £385m. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in major cities across the UK. Its current portfolio delivers an annual income of more than £26m.