12th Jul 2006 09:04
Land Securities Group Plc12 July 2006 PRESS RELEASE 12 July 2006 LAND SECURITIES GROUP PLC ("Land Securities"/"Group") Microsoft to base London Headquarters at Cardinal Place Latest deal completes letting of 100 Victoria Street Land Securities today announces that it has exchanged contracts with Microsoftto let 92,802 sq ft at Cardinal Place in Victoria, SW1. Microsoft will locate the UK headquarters of its new Online Services Group atCardinal Place. The Group comprises Microsoft's MSN and Windows Livebusinesses. The 15-year lease involves Microsoft taking 53,275 sq ft over floors one to fivein 100 Victoria Street and a further 39,527 sq ft on the first floor of 80Victoria Street. This deal means that 100 Victoria Street is now fully let. Mike Hussey, Managing Director of the London Portfolio, Land Securities, said: "This is a fantastic deal for Land Securities. We feel that the high qualityoffice space we are offering in Cardinal Place would appeal to a high profileand prestigious user. We are delighted that one of the world's largest andwell-known brands has chosen it for its UK headquarters. "This latest letting is a further endorsement that Victoria is fast-becoming achoice location for high profile companies who seek a combination of top gradeoffice facilities and excellent amenities for their staff." Sharon Baylay, General Manager, Microsoft Online Services Group said: "Our UK business continues to grow rapidly. With the upcoming Windows Live andMicrosoft adCenter launches, we're projecting even stronger growth, and weneeded new premises that would allow us to achieve our full potential. "Cardinal Place is very well located in the heart of Victoria, offering usexcellent space and will be somewhere the staff will enjoy coming to work. Thescheme is very vibrant and we look forward to moving in.'' Land Securities was advised by CBRE and Jones Lang LaSalle represented MSNMicrosoft. -Ends- For further information please contact: Mike HusseyLand SecuritiesTel: 0207 413 9000 Chris McCaffertyMicrosoftTel: 07801 109 654 / [email protected] Stephanie Highett/Dido LaurimoreFinancial DynamicsTel: 020 7831 3113 NOTES TO EDITORS Land Securities Group PLC Other office occupiers in the Cardinal Place estate include: P&O, 3i plc,Canaccord Adams Ltd, Experian Ltd, Wellington Management International andKazakhmys plc. The restaurant and leisure element of the estate is 95% let and trading.Retailers include Marks & Spencer, Monsoon, Zara, Molton Brown and Hawes andCurtis. 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 andProperty outsourcing Its £12.9 billion combined investment portfolio totals six and a half million sqfeet, including office and retail space in Central London, 30 shopping centres,30 retail parks and 10 supermarket properties 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 master planning 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 About MSN.co.uk MSN is a division of the Microsoft Corporation MSN is the UK's largest portal attracting over 16.8 million visitors per monthin the UK (Nielsen//NetRatings April 2006) and more than 465 million uniqueusers worldwide (MSN Internal Data). Owned by Microsoft, MSN is available in 42markets and 21 languages. MSN offers a wide range of Subscription products including Hotmail Plus and MSNPremium with state of the art parental controls, spam filtering software andphoto editing tools. MSN provides a number of world class innovative communication and informationservices including: • MSN Hotmail, the UK's most popular free web-based e-mail service withover 8.9 million users in the UK (Nielsen//NetRatings April 2006) and over 230million active accounts worldwide (MSN Internal Data) • MSN Messenger, the UK's number one instant messaging service on theinternet with 10.9 million monthly users (Nielsen//NetRatings April 2006) andover 205 million active users worldwide (MSN Internal data) • MSN Search, one of the UK's top search sites with 6.4 million users.(Nielsen//NetRatings April 2006). MSN Search is available in 33 marketsworldwide and 13 languages. MSN Toolbar with Windows Desktop Search is availablein 37 markets and 15 languages. • MSN Spaces, the UK's leading free blogging service has over 100million unique users worldwide (comScore Networks, April 2006) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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