FOR IMMEDIATE RELEASE

17 December 2013

                      LONDON & ASSOCIATED PROPERTIES PLC:                      

 SALE OF KING EDWARD COURT SHOPPING CENTRE FOR £104.7M REFLECTING NET INITIAL  
                                 YIELD OF 5.6%                                 

London & Associated Properties PLC ("LAP" or "the Company"), the specialist
retail focussed property investor, today announces it has exchanged contracts
to sell its King Edward Court shopping centre in Windsor to Scottish Widows
Investment Properties for a total cash consideration of £104.7m, reflecting a
net initial yield of 5.6%. Proceeds of the disposal will be used to further
reduce the Company's borrowings.

Acquired by LAP in 2002 for £45m, the Company has invested a further £24m in
the centre as part of an intensive asset management programme that created
major units for tenants including Waitrose, Zara, H & M, Top Shop, and New Look
as well as a 113-room Travelodge. Today King Edward Court generates annual net
rental income of £6.2m from a broad range of tenants that also includes
Fenwick, Next, Timberland and Cotswold Outdoor. In total the centre has 35
retail units, a supermarket, hotel and Windsor's principal car park.

John Heller, Chief Executive of LAP, said: "King Edward Court has been a
strongly performing investment for us and we felt that, with increasing
interest in shopping centres from investors, this was an ideal opportunity to
realise a profit on the centre. The sale will enable us to further reduce
borrowings as well as look for other investment opportunities."

Ends.

Contact:

London & Associated Properties plc Tel: 020 7415 5000

John Heller, Chief Executive

Robert Corry, Finance Director

Baron Philips Associates Tel: 020 7920 3161


Baron Philips