FOR IMMEDIATE RELEASE

27 April 2018

LONDON & ASSOCIATED PROPERTIES PLC (“LAP”):
COMPLETION OF BRIXTON MARKETS SALE

LAP announces it completed on 26 April 2018 the sale of Market Row and Brixton Village to Market Village Limited for a combined cash consideration of £37.25 million.
Last valued as at 31 December 2016 the sale represents a substantial profit over the stated book value of £24.5 million. £15.9 million of the proceeds have been used to repay debt, and the balance has been added to LAP’s cash reserves.

Ends.

Contact:

John Heller, Chief Executive, LAP.                                                                   Tel: 020 7415 5000

Baron Phillips, Baron Phillips Associates.                                                       Tel: 07767 444193