RNS Number:1994V
Taylor Woodrow PLC
10 February 2004

Colchester Garrison Land Acquisition

Taylor Woodrow, the housing and development company, has today exchanged
contracts to purchase 209 acres of former MOD land for housing and commercial
development at Colchester Garrison from the RMPA Services Consortium (1), which
leads the Colchester Garrison PFI project.

The purchase of the land will be phased over the next 5-6 years. Once complete
the site will contain just over 2,500 residential units and 11 acres of
commercial land. The total site is 209 gross acres of which 135 acres will be
developed.

Taylor Woodrow will be the master developer and will service the whole site and,
in addition to its own housing developments, may dispose of serviced land
parcels to other developers at the appropriate time.

The site benefits from a 15 year outline planning permission with a signed
section 106 agreement, specifying the provision of certain pre-agreed amenities.
Work will commence in the summer of 2004 with the first house sales expected
within 12 months.

Commenting on this land acquisition Iain Napier, Chief Executive of Taylor
Woodrow, said, "Colchester Garrison provides us with a significant amount of
brownfield land in an excellent location enabling us to add value through design
and our position as a master developer and volume housebuilder."

Notes to Editors

(1) RMPA Services Consortium: Sir Robert McAlpine, WS Atkins, HSBC
Infrastructure and Sodexho. All are involved in the construction and servicing
of a new Garrison for the MOD.

For further information, please contact

Ian Morris                                0121 600 8520 / 07816 518 767                                         
Taylor WoodrowCorporate Communications
Jonathan Murrin                           0121 600 8521 / 07816 518 718                                        
Taylor Woodrow Investor Relations
William Clutterbuck                       020 7379 5151/07785 292 617
Maitland Consultancy



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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