Countryside Properties, Liberty Property Trust and Cambridge University Hospitals NHS Foundation Trust have secured planning consent for the development of 70 acres of land adjacent to the existing Addenbrooke's Hospital on the Southern Fringe of Cambridge.

The scheme will include some 2.3 million sq ft of new biomedical research and development space and further clinical development to accommodate the expansion of the existing Addenbrooke's Hospital. Proposals also include a new learning centre, conference and hotel facilities, as well as additional retail accommodation serving the site.

The entire Campus is set to become one of the leading centres for medical and biomedical research and development in Europe as well as an academic clinical centre of international stature. The UK is already the largest bio-tech market in Europe raising more money than any other European country for research in this field, and Cambridge is the centre of the biomedical industry in the UK.

“The Cambridge Biomedical Campus”, as it will be called, will incorporate existing facilities, building upon the 9 major research institutes already on the site which include Cancer Research UK Centre, the Wolfson Brain Imaging Centre, The Cambridge Institute for Medical Research, The Wellcome Trust Clinical Research Facility, the University of Cambridge's School of Clinical Medicine, as well as a new 27,000 sq m Laboratory of Molecular Biology, designed by RMJM Architects for the Medical Research Council, to be constructed as the first phase of the Countryside/Liberty development.

The world renowned Papworth Hospital has also announced its intention to relocate to the site. This will enable better integration of clinical services with Addenbrooke's and greater investment in research in these fields.

Countryside Properties has also submitted a planning application for major new housing proposals at Clay Farm, which, together with other proposed housing schemes in the Southern Fringe, will provide 3,000 – 3,500 new homes.

Cambridgeshire County Council is already constructing a new road providing access into the site from the Hauxton Road and Junction 11 of the M11 Motorway. The new Cambridge Guided Bus route will also serve the site.

Works on the new road are due to complete in 2009 and it is envisaged that the first new research and development buildings on the Campus will be completed in 2010.

The landowners were advised throughout by Bidwells. Savills acted for Addenbrooke's Hospital.

-ENDS-

Notes to Editors:

Countryside Properties PLC

Countryside Properties is a leader in property development, the creation of sustainable communities and urban regeneration. Our vision is to create places for people where they can enjoy a good quality of life.

Countryside Properties is also a developer of quality office, industrial, retail, and leisure schemes. We are experienced in delivering commercial development across the full range of market sectors, as well as being skilled in integrating commercial property with housing to create mixed-use schemes. In recent years we have delivered more than eighty different commercial projects totalling 3.5 million sq. ft. and have a current portfolio of over 4.5 million sq. ft.

The Company, which was incorporated in 1958, is owned jointly by the Cherry family and Bank of Scotland which is providing the Group with significant funding. Countryside Properties has an annual turnover of £490m, employs some 800 people and 95% of our residential development is on brownfield and recycled urban land.

For further information visit www.countryside-properties-corporate.com

Liberty Property Trust

Liberty Property Trust (NYSE:LRY), headquartered in Malvern, Philadelphia, is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 70 million square foot portfolio includes more than 700 properties which provide office, distribution and light manufacturing facilities to 2,100 tenants.

For further information please contact:

Mark Chatham Director Countryside Properties (Special Projects) Limited 20 Berkeley Square London W1J 6EQ Tel: 020 7408 0099 Fax: 020 7408 0772 www.countryside-properties.com E-mail: mark.chatham@cpplc.com

Andrew Blevins Managing Director Liberty Property Trust (UK) 3-5 Duke Street London W1U 3BA Tel: 020 7299 2541 Fax: 020 7486 4982 E-mail: ablevins@libertyproperty.com

Stephen Graves Director of Corporate Development Cambridge University Hospitals NHS Foundation Trust Addenbrooke's Hospital Hills Road Cambridge Cambridgeshire CB2 2QQ E-mail: stephen.graves@addenbrookes.nhs.uk

Kathryn Morgan Tel: 020 7400 5591 Email: kathryn.morgan@trimediahc.com