31st Jan 2006 08:00
Land Securities Group Plc31 January 2006 31 January 2006 Land Securities Group PLC ("Land Securities" / "Group") LAND SECURITIES TRILLIUM AND MILL GROUP FORM JOINT VENTURE PARTNERSHIP Land Securities Group PLC announces that its property outsourcing business LandSecurities Trillium and Mill Group have now completed the formation of a jointventure company, Investors in the Community Group Limited. As announced on 11January, 2006, the 50/50 joint venture will be expanding key parts of MillGroup's existing Investors in the Community programme and will build on theongoing collaboration between the two organisations which already involves ajoint bid for a Building Schools for the Future ("BSF") project. Investors in the Community aims to cement its leading position in the BSF andcommunity Public Private Partnership ("PPP") markets through investment in newsocially responsible projects. It is short-listed for four BSF projects andwill continue to seek additional opportunities in this and other markets. - ends - For further information, please contact: Land Securities Mill Group / Investors in the CommunityIan Ellis/Emma Denne David ToplasTel: +44 (0)20 7413 9000 Tel: +44 (0)20 7255 7570 Financial Dynamics (for Land Securities) Republic (for Mill Group / IIC)Stephanie Highett / Dido Laurimore Pippa GoodmanTel: +44 (0)20 7831 3113 Tel: +44 (0)207 379 5000 / +44 (0)7930 508296 Notes to Editors Full details of the transaction were outlined in the announcement on 11 January,2006, available on www.landsecurities.com/document library Land Securities Group PLC Land Securities is a FTSE 100 company, quoted on the London Stock Exchange. Ithas been at the forefront of the UK's commercial property industry for over 60years. Today, the Group maintains its market leading position as the UK's largestquoted property company by providing commercial accommodation and propertyservices to a wide range of occupiers. The Group's objective is to createattractive 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 UKcommercial property market: • Retail, • London offices and • Property outsourcing. Its £11.5 billion combined investment portfolio includes office and retail spacein Central London, 28 shopping centres, 32 retail parks and 11 supermarketproperties located across the UK. It has a substantial development programme including major retail-led urbanregeneration schemes and Central London mixed-use developments. The Group isalso masterplanning one of Europe's largest regeneration schemes in KentThameside. The Group leads the market in property outsourcing where, through LandSecurities Trillium, it provides accommodation and property-related services tothe Department for Work and Pensions, the BBC, Norwich Union, Barclays Bank,DVLA and through Telereal to BT. The Group is committed to environmental initiatives and community involvementrecognised by the Group's inclusion in the BiTC Corporate Responsibility Index,FTSE4Good Index and the Dow Jones Sustainability Index. For more information on Land Securities visit www.landsecurities.com Mill Group - Is a privately owned property and finance group established 13years ago by its chief executive David Toplas. It has focused on the PublicPrivate Partnership ("PPP") programme since its inception, combining assetprocurement and long-term management services with funding from institutionalfunds that it promotes and manages. The Investors in the Community ("IIC") programme, founded by Mill Group threeyears ago and managed by the company, delivers socially responsible PPP and PFIprojects that provide real benefits, through education and healthcare, to localcommunities. Investors in the Community provides: • Partnering and facilities delivery • Long-term investment from in-house institutional funds - in recognition of its innovative and community-focused approach, IIC was recently shortlisted by Project Finance International as Global Private Equity House of the Year 2005 • Added value through independence and professionalism in construction procurement, service delivery, property development and urban regeneration • Community sponsoring. Investors in the Community is committed to genuine, long-term partnership withthe public sector, funding projects and managing them for the duration of theirworking life. Across the UK, the programme is providing inspiring learningenvironments to 15,000 pupils; healthcare facilities to 2.5 million people;library services to 1 million people; and office accommodation for hundreds ofcouncil workers serving their communities. Its high profile projects includethe new Jubilee Library in Brighton - winner, in 2005, of the Prime Minister'sBetter Public Building Award and the Regeneration Awards' Best Design-ledRegeneration project, as well as being shortlisted for the Stirling Prize. The Investors in the Community programme is backed by long-term investment fundsfrom public and private sector institutional investors including the LondonPensions Fund Authority, Norwich Union/Morley and Clerical Medical/InsightInvestment. For more information on Investors in the Community and Mill Group visitwww.investorsinthecommunity.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Land Securities