11th Mar 2005 07:00
Land Securities Group Plc11 March 2005 11 March 2005 LAND SECURITIES GROUP PLC ("Land Securities" / "Group") BBC White City Land Securities Group PLC announces that Land Securities Trillium, its propertyoutsourcing business, has granted an option to the BBC for it to acquire therecently completed Media Village, White City, London. The BBC has indicated to Land Securities Trillium that the option will beexercised upon successful completion of a bond issue now being marketed onbehalf of a prospective new landlord in order to enable it to acquire a longleasehold interest in the site. If the option is exercised it will result in adecrease in the annual unitary charge received by Land Securities Trillium fromthe BBC. - Ends - For further information, please contact: Land Securities TrilliumIan EllisTel: +44 (0)20 7796 5500 Land SecuritiesEmma DenneTel: +44 (0)20 7024 5460 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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