AT THE HEART OF LONDON’S WEST END...Leicester Square is exceptionally well connected by London’s public transport system. Within a short walk of thesite are Underground Stations at Leicester Square (Northern & Piccadilly lines), Piccadilly Circus (Piccadilly & Bakerloo lines), Charing Cross (Northern & Bakerloo lines) and Tottenham Court Road (Northern & Central lines).

When it opens in 2017, Crossrail will be accessible from Tottenham Court Road station which will make it possibleto travel across London and to surrounding areas in record time. Heathrow will be directly accessible in under 30 minutes.

The location is also extremely well served by buses and taxis.

Computer generated image www.lsq-site.com

CENTREPOINT

SOHO CENTRALST GILES

NATIONALGALLERY

SHAFTESBURYAVENUE

PICCADILLY CIRCUS

TRAFALGAR SQUARE

THESAVOY

CHARING CROSSSTATION

HORSE GUARDSPARADE

THE LONDON EYE

THE W HOTEL

CORINTHIAHOTEL

OVERVIEWLSQ, London WC2 is offered for sale on the instructions of

J Gershinson FRICS and S Davidson MRICS of Allsop LLP as

Joint Fixed Charge Receivers and Tamarin Ltd / Real Estate

Resolutions Ltd.

• Freehold site of 0.47 acres fronting Leicester Square

in the heart of London’s West End.

• Planning consent for a 227,000 sq ft (GIA) mixed use

scheme - a 245 bedroom hotel, 33 residential

apartments, a roof-top restaurant, restaurants / retail

opening out on to the square and a state of the art

cinema.

• Far reaching views of London’s impressive skyline.

• Benefitting from the extensive remodelling and

upgrading of Leicester Square which will provide one

of London’s finest public realm environments.

• Existing tenant income with vacant possession

obtainable to suit the purchaser’s timeframe.

• Potential for a range of alternative uses on site to

match the purchaser’s vision, subject to the necessary

consents.

• Unconditional offers are invited for the

freehold interest.

LSQ

www.lsq-site.com

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St. Thomas’Hospital

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Guy’sHospital

RoyalCourts ofJustice

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OldBailey

SaatchiGallery

BritishMuseum

Southbank Centre(Royal Festival Hall)

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London Eye

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Houses of Parliament

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St. Paul’sCathedral

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SomersetHouse

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MillenniumBridge

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DLR

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ORANGE ST ORANGE STWHITCOM

B ST

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NORRIS ST

CARLTON ST

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BEDFORD ST

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BOW ST

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SQUARE

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Cafe Royal The Savoy

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STAMFORUPPER

REGEN

T London - A Global CityLondon has long been established as one of the world’s most influential and dynamic cities. It has an enviable reputation as a leading international centre ofboth commerce and culture that makes it one of the finest places to live and work.

With a population in excess of 12 million and more than 250 languages spoken, itcan consider itself a truly global city. London is a destination for the world’smajor corporate and non-corporate organisations as well as being home to someof the worlds finest cultural, recreational and retail attractions.

LSQLEICESTER SQUARE / LONDON WC2

Not to scale and for identification purposes only.

Leicester SquareLeicester Square is the home of UK cinema hosting more than fifty film premieres every year and is the heartof London’s West End. Up to 35 million people pass through the square every year and it has more than25 restaurants, 15 bars and 7 cinemas. It also houses London’s collection of handprints of the stars.

The Square is the focal point of nine side streets creating the ideal meeting point in the West End. An idealmeeting point is also an ideal place to stay as a visitor to London, as seen by the successful opening of theW Hotel at the north west corner of the Square.

Leicester Square is currently undergoing a major refurbishment programme around the garden square that willsignificantly enhance the built environment and public realm. It is anticipated that the new look square will notonly maintain its position as the UK home of cinema but expand this to attract further high end restaurantsand hotels.

At the heart of thisvibrant city...

THE SAVOY STRAND HOUSES OF PARLIAMENT WESTMINSTER ABBEYWHITEHALLLONDON EYE

TRAFALGARSQUARE

LEICESTERSQUARE

CHARINGCROSS STATION

CORINTHIAHOTEL

THE W HOTEL

LSQLEICESTER SQUARE / LONDON WC2

A bustling central location with easy access to London’stransport connections

From Leicester Square by public transport: Mins

UNDERGROUND / RAIL

Charing Cross Station 2

King’s Cross 14

Victoria 12

St Paul’s 14

Knightsbridge 7

City Airport 35

Heathrow Airport 40

Gatwick Airport 50

Stansted Airport 70

CROSSRAIL

Leicester Square (Tottenham Court Road) to Heathrow 28

Route Map

Surface line

Tunnel

Portal (tunnel entrance and exit)

Paddington

ShenfieldRomford

Brentwood

HaroldWood

GideaPark

CustomHouse

ChadwellHeath

Goodmayes

SevenKings

ManorPark

IlfordForestGateStratford

WhitechapelFarringdonIverSloughTaplowBondStreet

ActonMain Line

WestEaling

TottenhamCourt Road

CanaryWharf

Liverpool Street

Langley WestDrayton

HeathrowAirport

EalingBroadwayHanwell

Southall

Hayes &Harlington

AbbeyWood

Maryland

Woolwich

BurnhamMaidenhead

LSQLEICESTER SQUARE / LONDON WC2

www.lsq-site.com

Waterloo

Blackfriars

CentralDistrictNorthernPiccadilly

Waterloo & CityJubileeBakerlooCircle

Bond Street

OxfordCircus

Green Park

Charing Cross

Temple

Southwark

Covent Garden

LeicesterSquare

Holborn

Tottenham Court Road

RIVER THAMES

Victoria

Elephant & Castle

Hyde Park Corner

PiccadillyCircus

St James’sPark

Westminster

Embankment

LSQ

Not to scale and for identification purposes only.

Artist impressions of the future of Leicester Square. (Courtesy of Burns + Nice)

THE FUTURE OF LEICESTER SQUARE

A redesign of Leicester Square to regenerate it in line with its international status and reputation commenced atthe end of 2010. The £15 million project will transform the Square into a destination address designed for people to enjoy the West End’s principal meeting point.

Included within the scheme is improved seating, high quality public art and imaginative lighting all aimed at encouraging people to spend time in the Square. The refurbishment will also maintain the intrinsic English landscape qualities of the gardens at the centre of the Square.

It is anticipated that the reinvention of the Square as a destination address will attract significant investment froma number of high profile retailers and hoteliers as witnessed by the success of the W Hotel. Michael Wale, seniorvice president of Starwood, compared the launch of the W Hotel Leicester Square with that of the W Hotel TimesSquare, New York City, in 2001:

“At that point it was at the same stage as Leicester Square and we were one of the anchor projects to accelerate its regeneration”.

www.lsq-site.com

THE EXISTING PROPERTYA. ODEON WEST END, 38-40 LEICESTER SQUARESituated on the corner of Leicester Square, the Odeon cinemabuilding is a two screen cinema and office building over basement,ground and 6 upper floors totalling 44,572 sq ft (GIA).

B. 42 LEICESTER SQUAREOffice and retail premises totalling 8,762 sq ft (NIA). Ground andpart basement is currently occupied by BetFred. The upper officeparts are vacant. Two Natwest ATMs are also located at groundlevel.

C. BROADMEAD HOUSE & WESTCOMB HOUSEBroadmead House comprises a vacant six storey office building of8,762 sq ft (NIA). Westcomb House is fully vacant with a basementand ground floor restaurant and five storeys of offices above (totalling 6,814 sq ft (GIA).

D. THE HAND AND RACQUET, 48 WHITCOMB STREETA vacant public house situated on the corner of Whitcomb and Orange Street. 3,165 sq ft (NIA) arranged over basement, groundand three upper floors with the third floor providing residential accommodation.

A/B A

AC A C D

TENURE

The 0.47 acre site is offered on a freehold basis.

Further information on the existing tenancies can be found at www.lsq-site.com

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© UKMap Copyright The GeoInformation Group 2011 Licence No. LANDMLON100003121118. Plotted Scale - 1:959

View from neighbouring building towards the south east

View from neighbouring building towards the south west

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© UKMap Copyright The GeoInformation Group 2011 Licence No. LANDMLON100003121118. Plotted Scale - 1:959

THE CONSENTEDSCHEME

Planning consent was granted in October 2008 by Westminster City Council for a MAKE Architects designed227,734 sq ft (GIA) mixed use development that would provide:

• A 245 bedroom luxury hotel

• A roof-top restaurant with skyline views of London

• 33 high quality residential apartments with views over Leicester Square, Trafalgar Square and beyond

• 18,234 sq ft (GIA) of restaurant / retail space that opens out on to the Square

• A state of the art cinema in the basement levels

The accommodation is designed over three basement levels, lower ground, upper ground and nine upper floors.

A distinctive curved layout will mark the entrance to the cinema and an iconic frontage of mirrored stainlesssteel will bring fresh focus to the south west corner of Leicester Square.

Full information is available on the sale website and from Westminster City Council (ref: 08/03016/FULL).

Gross External Area Gross Internal Area Units

Sq M Sq Ft Sq M Sq Ft

Residential 6,266 67,444 5,307 57,125 33 residential units

Hotel 8,687 93,507 8,434 90,784 245 hotel bedrooms

Cinema 1,632 17,562 1,584 17,050 660 seats

Retail / Restaurant 1,745 18,781 1,694 18,234 4 restaurant / retail units

Ancillary / Plant 4,262 45,878 4,138 44,541 -

Total 22,592 243,172 21,157 227,734 -

Computer generated image

Hotel Entrance

Residential Entrance

Areas provided by E.C.Harris

CINEMA

RETAIL / RESTAURANT

RESIDENTIALHotel Entrance

Residential Entrance

HOTEL

Hotel Entrance

Residential Entrance

RADISSON EDWARDIAN EXCLUDED FROM SALE

Hotel Entrance

Residential Entrance

Plans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

UPPER GROUND

9th - 13,024 sq ft

8th - 15,468 sq ft

7th - 16,124 sq ft

6th - 17,072 sq ft

5th - 17,760 sq ft

4th - 17,674 sq ft

3rd - 17,427 sq ft

2nd - 17,276 sq ft

1st - 16,759 sq ft

B3 - 14,553 sq ft

Total (GIA)227,734 sq ft

B2 - 12,389 sq ft

B1 - 17,588 sq ft

Lower Gnd - 18,826 sq ft

Upper Gnd - 15,791 sq ft

CINEMA

RETAIL / RESTAURANT

RESIDENTIALHotel Entrance

Residential Entrance

HOTEL

RADISSON EDWARDIAN EXCLUDED FROM SALE

TYPICAL HOTEL FLOOR - 5th TYPICAL RESIDENTIAL FLOOR - 7thPlans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

Plans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

3DREID ARCHITECTSALTERNATIVE PROPOSAL2011 As a further study architects 3DReid have been commissioned to establish what could be possible on sitewithin the broad parameters of the consented bulk and massing of the MAKE designed scheme. This has resulted in a residential led development, broadly rectangular in shape with the cinema located at basement level, retail on ground and first facing onto Leicester Square and residential accommodation from lower basement to 10th floor.

A summary of the proposed accommodation is set out below with a schedule of areas:

Please note that this exercise is purely an illustrative one and carries no planning status and has not been presented to the London Borough of Westminster.

Use Gross Internal Area

sq m sq ft

Residential / Other 14,183 152,665

Cinema & Plant 1,359 14,628

Leisure / Plant 1,058 11,388

Restaurant / Retail 2,546 27,404

Core / Communal 2,016 21,700

Total GIA 21,162 227,785

Roof Terrace 1,154 12,421

Total area including roof terrace 22,316 240,206

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CINEMA / LEISURE / PLANT

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Plans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

GROUND

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LEICESTER SQUARE

LEICESTER SQUAREORANGE STREET

ORANGE STREET

10th - 12,421 sq ft

9th - 16,111 sq ft

8th - 16,111 sq ft

7th - 16,819 sq ft

6th - 16,819 sq ft

5th - 16,819 sq ft

4th - 16,819 sq ft

3rd - 16,819 sq ft

2nd - 16,819 sq ft

1st - 16,819 sq ft

Gnd - 14,681 sq ft

B1 - 7,438 sq ft

B2 - 14,239 sq ft

B3 - 12,131 sq ft

B4 - 16,920 sq ft

Total (GIA)227,785 sq ft

TYPICAL FLOOR PENTHOUSE FLOORPlans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

Plans for illustrative purposes only. Not to scale.A full set of floor plans and elevations can be downloaded from the website: www.lsq-site.com

CINEMA / LEISURE

RESTAURANT / RETAIL

RESIDENTIAL / OTHER

LSH EXCLUDED

CENTRAL LONDON RESIDENTIALMARKET COMMENTARY

London’s housing market has continued to follow a very different path tothat seen in the wider UK market. Prime London property prices rose by0.9% alone in August, taking the annual increase to over 10%. Indeed,prices have been rising strongly since April 2009, and are now 4% higherthan their previous peak in March 2008 (a 35% increase in total).

In contrast to the mainstream market, sales activity in the prime central London market has been strong in recent months, with a rise in new instructions and a subsequent rise in transactions. But supply is still notmeeting the pent-up demand in the market.

Buyer demand for prime properties in the capital looks set to continue, signalling a further rise in prices throughout the rest of the year, albeit at a more modest pace. The strength of this demand is largely attributed to the strength of the Euro and Dollar compared to the Sterling with the twocurrencies enjoying relative discounts of 10% and 18% respectively. In addition,the low UK base rate has given greater incentive for buyers to acquire in the“safe haven” of the London property market.

Despite becoming a more expensive market to buy into Prime London propertycontinues to attract domestic and global wealth. Such purchasers are attracted by the potential to achieve capital growth at least at, or ahead of, income growth. This means that total returns on investments of between 8% - 10% could be achievable, before gearing and also before profits from development. Going forward, we forecast that prices will rise by 6% nextyear and 7% in 2013.

CENTRAL LONDON HOTELSMARKET COMMENTARY

Monthly Price Change

12 Month and 3 Month Price Change

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Oxford Street West Regent Street

Oxford Street East

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0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

200

2 Q

2

200

2 Q

4

200

3 Q

2

200

3 Q

4

200

4 Q

2

200

4Q4

200

5 Q

2

200

5 Q

4

200

6 Q

2

200

6 Q

4

200

7 Q

2

200

7 Q

4

200

8 Q

2

200

8 Q

4

200

9 Q

2

200

9 Q

4

2010

Q2

2010

Q4

2011

Q2

9

8

7

6

5

4

3

2

1

0

Secondhand New Completed New Under Construction

mill

ion

sq f

t

Q2

200

7

Q3

200

7

Q4

200

7

Q1

200

8

Q2

200

8

Q3

200

8

Q4

200

8

Q1

200

9

Q2

200

9

Q3

200

9

Q4

200

9

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Q1

2011

Q2

2011

£1,000

£900

£800

£700

£600

£500

£400

£300

Bond Street

Oxford Street West Regent Street

Oxford Street East

1989

1991

1993

1995

1997

1999

200

1

200

3

200

5

200

7

200

9

2011

2013

2.5

2.0

1.5

1

0.5

0

mill

ion

sq f

t

Completed

Under Construction Available Proposed Available

Under Construction Let/Under Offer

2008 2009 2010 2011 2012

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

% C

han

ge Y

-on-

Y

A S O N D J F M A M J J A

1.5

1.0

0.5

0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

One of the great world cities, London benefits from a vibrant hotel marketcommensurate with the city’s international image. It is Europe’s businesshub and is the most visited city in the world attracting 26 million visitorseach year. It appeals to high spending business and leisure visitors as a result of the city’s desirability as a cultural and commercial destination.

During 2010 the UK hotel market demonstrated a strong recovery from theglobal recession. Tri HotStats reported London rooms occupancy and ARRincreased in 2010 by 2% and 8.9% respectively over the previous year. The increase in occupancy to 82.1% and the recovery in ARR to £123.32 led to a room RevPAR performance of £101.20, an increase of 11.5%.

Whilst 2010 was bolstered by events such as the Farnborough Air Show andthe Wimbledon Championships growth has continued strongly into 2011.HotStats have reported an extraordinary occupancy level of 92.4% for July2011 which is a 0.6% year on year increase in room occupancy following thestaggering 91.8% achieved in July 2010. ARR at £148.65 for the month is thehighest recorded.

The prospects for a continued growth in the capital look strong. The start ofthe 2012 Olympics is under a year away and estimated visitor numbers producedby Visit Britain forecast a continued growth in leisure travellers from Europe,North America and BRIC, all taking advantage of the relative weakness inthe pound.

London is one of the world’s leading financial and cultural centres exertinga powerful influence over worldwide commerce, politics, education, media,fashion and the arts, which all contribute to its status as a global city andprime leisure and business destination.

There have been several high profile hotel openings in 2011 to include theW London, Leicester Square, Corinthia Hotel and Renaissance St Pancras allof which have added to the reputation of London as a top international destination.

Hotel transaction activity in London remains limited driven by the very restrictedsupply of available property and strong underlying trading fundamentals.London’s relative resilience and the prospect of a sustained recovery makethe capital one of the most sought after hotel property markets.

£160

£120

£80

£40

0H1 2011

ARR

RevPAR

ARR RevPAR ARR

£120

£80

£40

0

20102009

£140

£100

£60

£20

2010

Occupancy

2009 JAN 11 FEB 11 MAR 11 APR 11 MAY 11 JUN 11 JUL 11

100.0%

90.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0

£140

£100

£60

£20

RevPAR ARR RevPAR

UK Total London Provinces

8.00%

4.00%

0.00%

- 4.00%

10.00%

6.00%

2.00%

- 2.00%

Variance Difference

£160

£120

£80

£40

0H1 2011

ARR

RevPAR

ARR RevPAR ARR

£120

£80

£40

0

20102009

£140

£100

£60

£20

2010

Occupancy

2009 JAN 11 FEB 11 MAR 11 APR 11 MAY 11 JUN 11 JUL 11

100.0%

90.0%

80.0%

70.0%

60.0%

50.0%

40.0%

30.0%

20.0%

10.0%

0

£140

£100

£60

£20

RevPAR ARR RevPAR

UK Total London Provinces

8.00%

4.00%

0.00%

- 4.00%

10.00%

6.00%

2.00%

- 2.00%

Variance Difference

CENTRAL LONDON RESTAURANTS AND RETAILMARKET COMMENTARY

Prime Zone A Rents

Rental Value Growth

Restaurant accommodation is in high demand in the West End of Londonfrom top end Michelin starred destinations to more mainstream brands withsubstantial premiums being paid to secure quality sites. Leicester Square is aworld renowned location and as such there will be wide range of operatorsthat are seeking the type of exposure this location can provide. We wouldanticipate that the ground floor operator would be able to benefit from thehigh footfall and the rooftop would be a more discerning operator / international brand able to trade at a higher price point. Recent activitynearby includes The Spice Market at the W Hotel, the Hippodrome redevelopment with Café Rouge adjacent and Busaba Eathai on Panton Street.

The Central London Retail market continues to perform for retailers and investors alike. The core West End streets (Oxford, Regent and Bond) haveseen increasing rental tone as Zone A’s have been pushed to new levels inmost areas. Quality space is hard to find across the West End with levels ofdemand increasing on all streets.

Luxury brands maintain Bond Street’s position as the most expensive spacein London with a mixture of rental and premium deals on new space. Retailers’ appetite for space on Oxford Street continues despite the disruption caused by work on the new Crossrail link.

Regent Street continues to go from strength to strength, anchored by someof the world’s leading brands. It continues to improve both the quality of itsretailers and its retail breadth. The creation of what will become one ofBurberry’s major UK flagships is a massive benefit to the southern end ofthe street and with the delivery of the Quadrant development and other recent changes will truly extend the locations retail power.

Leicester Square itself has seen the recent opening of the first M&M storeoutside of the USA, taking advantage of the high footfall through theSquare and its association with the leisure and entertainment markets.

Central London’s ability to weather the storm lies in the diverse tenant mixand sheer scale of the retailing offer. Stable demand together with supplyconstraints is expected to see rental growth of 2.3% per annum over thenext three years (to 2014) outperforming all other regions in the UK.

CENTRAL LONDON OFFICEMARKET COMMENTARY

West End AvailabilityAll market indicators suggest that the Central London office market is wellon the road to recovery. Increasing demand and diminishing supply is resulting in revived market confidence amongst occupiers and investorsalike. The supply squeeze combined with an extremely tight pipeline ofGrade ‘A’ offices, presents a strong case for significant rental growth overthe next 3-4 years.

Take up in the second quarter of 2011 rose to 1.2m sq.ft. and remained abovetrend for the seventh successive quarter. Take-up increased for all types ofaccommodation, particularly new space, and the second quarter also saw areturn of pre-lettings. The amount of space currently under offer suggeststhat take up will stay strong. Availability has dropped to its lowest level inthree years driven by a sharp decline in the supply of second hand and newspace under construction.

Over the last two years, West End leasing activity has recovered steadilyfrom the downturn and rents have remained firm. Prime rents have stayed at£92.50 per sq ft in the West End. Spurred by the imbalance between supplyand demand, forecasts paint a positive picture with prime rents expected toreach £130 per sq ft by 2013.

Having moved out from 3.5% at their prime in the summer of 2007, prime office yields in the West End have recovered to circa 4%.

Completion levels are set to dip in 2011 with only 1.9m sq ft scheduled forcompletion this year it could be one of the lowest on record for development completions. Completion rates will improve next year with3.1m sq ft expected to complete and this figure is set to rise in 2013.

200

2 Q

2

200

2 Q

4

200

3 Q

2

200

3 Q

4

200

4 Q

2

200

4Q4

200

5 Q

2

200

5 Q

4

200

6 Q

2

200

6 Q

4

200

7 Q

2

200

7 Q

4

200

8 Q

2

200

8 Q

4

200

9 Q

2

200

9 Q

4

2010

Q2

2010

Q4

2011

Q2

9

8

7

6

5

4

3

2

1

0

Secondhand New Completed New Under Construction

mill

ion

sq f

t

Q2

200

7

Q3

200

7

Q4

200

7

Q1

200

8

Q2

200

8

Q3

200

8

Q4

200

8

Q1

200

9

Q2

200

9

Q3

200

9

Q4

200

9

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Q1

2011

Q2

2011

£1,000

£900

£800

£700

£600

£500

£400

£300

Bond Street

Oxford Street West Regent Street

Oxford Street East

1989

1991

1993

1995

1997

1999

200

1

200

3

200

5

200

7

200

9

2011

2013

2.5

2.0

1.5

1

0.5

0

mill

ion

sq f

t

Completed

Under Construction Available Proposed Available

Under Construction Let/Under Offer

2008 2009 2010 2011 2012

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

% C

han

ge Y

-on-

Y

A S O N D J F M A M J J A

1.5

1.0

0.5

0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

200

2 Q

2

200

2 Q

4

200

3 Q

2

200

3 Q

4

200

4 Q

2

200

4Q4

200

5 Q

2

200

5 Q

4

200

6 Q

2

200

6 Q

4

200

7 Q

2

200

7 Q

4

200

8 Q

2

200

8 Q

4

200

9 Q

2

200

9 Q

4

2010

Q2

2010

Q4

2011

Q2

9

8

7

6

5

4

3

2

1

0

Secondhand New Completed New Under Construction

mill

ion

sq f

t

Q2

200

7

Q3

200

7

Q4

200

7

Q1

200

8

Q2

200

8

Q3

200

8

Q4

200

8

Q1

200

9

Q2

200

9

Q3

200

9

Q4

200

9

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Q1

2011

Q2

2011

£1,000

£900

£800

£700

£600

£500

£400

£300

Bond Street

Oxford Street West Regent Street

Oxford Street East

1989

1991

1993

1995

1997

1999

200

1

200

3

200

5

200

7

200

9

2011

2013

2.5

2.0

1.5

1

0.5

0

mill

ion

sq f

t

Completed

Under Construction Available Proposed Available

Under Construction Let/Under Offer

2008 2009 2010 2011 2012

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

% C

han

ge Y

-on-

Y

A S O N D J F M A M J J A

1.5

1.0

0.5

0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

West End Development Pipeline

200

2 Q

2

200

2 Q

4

200

3 Q

2

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3 Q

4

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4 Q

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4Q4

200

5 Q

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5 Q

4

200

6 Q

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6 Q

4

200

7 Q

2

200

7 Q

4

200

8 Q

2

200

8 Q

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200

9 Q

2

200

9 Q

4

2010

Q2

2010

Q4

2011

Q2

9

8

7

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5

4

3

2

1

0

Secondhand New Completed New Under Construction

mill

ion

sq f

t

Q2

200

7

Q3

200

7

Q4

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7

Q1

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8

Q2

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Q3

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Q4

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8

Q1

200

9

Q2

200

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Q3

200

9

Q4

200

9

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Q1

2011

Q2

2011

£1,000

£900

£800

£700

£600

£500

£400

£300

Bond Street

Oxford Street West Regent Street

Oxford Street East

1989

1991

1993

1995

1997

1999

200

1

200

3

200

5

200

7

200

9

2011

2013

2.5

2.0

1.5

1

0.5

0

mill

ion

sq f

t

Completed

Under Construction Available Proposed Available

Under Construction Let/Under Offer

2008 2009 2010 2011 2012

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

% C

han

ge Y

-on-

Y

A S O N D J F M A M J J A

1.5

1.0

0.5

0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

200

2 Q

2

200

2 Q

4

200

3 Q

2

200

3 Q

4

200

4 Q

2

200

4Q4

200

5 Q

2

200

5 Q

4

200

6 Q

2

200

6 Q

4

200

7 Q

2

200

7 Q

4

200

8 Q

2

200

8 Q

4

200

9 Q

2

200

9 Q

4

2010

Q2

2010

Q4

2011

Q2

9

8

7

6

5

4

3

2

1

0

Secondhand New Completed New Under Construction

mill

ion

sq f

t

Q2

200

7

Q3

200

7

Q4

200

7

Q1

200

8

Q2

200

8

Q3

200

8

Q4

200

8

Q1

200

9

Q2

200

9

Q3

200

9

Q4

200

9

Q1

2010

Q2

2010

Q3

2010

Q4

2010

Q1

2011

Q2

2011

£1,000

£900

£800

£700

£600

£500

£400

£300

Bond Street

Oxford Street West Regent Street

Oxford Street East

1989

1991

1993

1995

1997

1999

200

1

200

3

200

5

200

7

200

9

2011

2013

2.5

2.0

1.5

1

0.5

0

mill

ion

sq f

t

Completed

Under Construction Available Proposed Available

Under Construction Let/Under Offer

2008 2009 2010 2011 2012

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

% C

han

ge Y

-on-

Y

A S O N D J F M A M J J A

1.5

1.0

0.5

0.0

-0.5

-1.0

2010 2011

Mon

thly

% c

han

ge

Prime central London average residental price change

A SON D J FMAM J J A S OND J FMAM J J A

25 9

7

5

3

1

-1

-3

-5

-7

20

15

10

5

0

-5

-10

-15

-20

12 m

onth

% c

han

ge

Three m

onth

ly % ch

ange

2009 2010 2011

12 month change Three monthly % change

Prime central London average residential price change

Source: Knight Frank Residential ResearchSource: Knight Frank Residential Research

All High Street Shops

Central London

THE PROPOSITIONLSQ presents an unrivalled real estate opportunity to:

• Acquire a prominent 0.47 acre site in one of the world’s most recognised destinations.

• Benefit from an existing planning consent offering a substantial mixed use scheme and which sets a benchmark for bulk and massing.

• Deliver a significant development in the heart of the West End, in one of the world’s foremost capital cities.

• Benefit from an existing income stream with flexibility to suit the purchaser’s timing.

• Fulfil the purchaser’s own development vision in place of the consented scheme if so desired with the potential for a wide range of uses to be considered, subject to the necessary consents.

The freehold site is offered for sale on an unconditional basis.

Computer generated image www.lsq-site.com

Aerial view looking west

BUCKINGHAMPALACE

ST JAMES’SPARK

REGENTSTREET

PICCADILLYCIRCUS

ONE HYDE PARK

HORSEGUARDS PARADE

TRAFALGARSQUARE

LSQLEICESTER SQUARE / LONDON WC2

Important Notice

i. ParticularsThese particulars are not an offer or contract nor part of one. You should not rely on statements by CB Richard Ellis or Knight Frank LLP in the particulars or by word of mouth or in writing as being factually accurate about the property, its condition or its value. Neither CB Richard Ellis nor Knight Frank LLP has any authority to make any representationsabout the property or development and accordingly any information given is entirely without responsibility on the part of the agents, sellers or lessors.

ii. Images photographs and other informationAny computer generated images, plans, drawings, accommodation schedules, specificationdetails or other information provided about the property (“information”) are indicative only. Any such information may change at any time and must not be relied upon as beingfactually accurate about the property. Any photographs are indicative of the quality and style of the development and location and do not represent the actual fittings and furnishings at this development.

iii. RegulationsAny reference to alterations to the property or use of any part of the development is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending purchaser.

Designed & produced by The Looking Glass Design & E-Media. T: 020 7384 1322October 2011