TIDMTW.

RNS Number : 3570P

Taylor Wimpey PLC

30 August 2017

30 August 2017

Taylor Wimpey plc

Development land in Central London

The Group confirms that it has exchanged contracts on the purchase of development land, in Central London, from the Royal Mail, for a total cash consideration of GBP190 million. The acquired land represents part of the Mount Pleasant estate, some of which will be retained by Royal Mail. The development represents a compelling multi-year development opportunity in a high-quality location.

The acquisition meets all the Group's key investment criteria, including an attractive return on capital given the phasing of capital deployment.

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For further information please contact:

Taylor Wimpey plc Tel: +44 (0) 7823 419000

Pete Redfern, Chief Executive

Ryan Mangold, Group Finance Director

Harry Goad, Investor Relations

Finsbury Tel: +44 (0) 20 7251 3801

Faeth Birch

Anjali Unnikrishnan

Notes to editors:

Taylor Wimpey plc is a UK-focused residential developer which also has operations in Spain. For further information please visit the Group's website: www.taylorwimpey.co.uk

Follow us on Twitter @TaylorWimpeyplc

This information is provided by RNS

The company news service from the London Stock Exchange

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MSCURUNRBRAWOAR

(END) Dow Jones Newswires

August 30, 2017 12:21 ET (16:21 GMT)

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