LONDON-The Sherlock Holmes Hotel on Baker Street, London W1, has sold for pounds 12.6 million ($19.7 million). The deal included two adjoining shops but yield is just 4.6%

LONDON-Le Meridien Hotels & Resorts has made more than pounds 45 million ($71 million) from selling three four-star hotels across the UK. They are located in Leeds, Warwick and Chester.

LONDON-A new study by the Royal Institution of Chartered Surveyors says

LONDON-Microsoft is rolling out its .Net technology with the help of a 10,000-sf new building at its Reading, Berkshire, site. It is Microsoft's fifth technology centre worldwide and the first in Europe

LONDON-Prospects for the London office market continue to look gloomy. Take-up in 2002 fell to the lowest annual recorded level for more than 17 years, according to new research from Chesterton.

CANNES-Shire Pharmaceuticals Group has expanded in Basingstoke, Hampshire, buying a 32,000-sf office building from Tiger Developments

CANNES-Lower interest rates should help revive the economy of Western Europe, but do not expect miracles says a new report from Lend Lease

CANNES-Property Fund Management subsidiary iOG has announced a joint venture with Lar Grosvenor to build industrial estates in Spain.