PARIS-Specialist logistics investor CELOGIX has paid 29 million £ ($26.4 million) for a 650,000-sf distribution centre close to Charles de Gaulle airport, in the north-east of Paris.

LONDON-In its year-end trading statement quoted agent Savills says confidence is returning to the property sector, but London residential values are still falling.

BARCELONA-In Europe's largest single-asset hotel deal of 2001, a consortium headed by Deutsche Bank has bought the Hotel Arts complex for more than $180 million.

LONDON-Teachers Insurance and Annuity Association has set up a new joint venture with specialist retail park investor Grantchester to own and manage UK retail parks. To establish the new fund Grantchester has sold Teachers three parks in Birmingham, Norwich and Falkirk for $150 million.

LONDON-Equiton Industrial Partnership, the limited partnership joint venture between Brixton, Equitable Life and the Prudential, has bought its 23rd industrial estate, the 87,000-sf Falcon Park in Neasden Lane, London, NW10.

LONDON-Reports in <I>The Times</I> newspaper say that the UK Government will today appoint the Meridian Delta consortium--headed by property groups Quintain and Lend Lease--as preferred bidder for the redundant Millennium Dome in Greenwich, South London.

LONDON-Multi-let industrial specialist the io Group has reached an agreement with business park developer Arlington Securities to develop 695,000 sf of smaller industrial units on five Arlington parks across the UK.

LONDON-Rental values in almost every sector are likely to fall in the coming 12 months, warns agent Cluttons, but the worst could be over by this time next year.