LONDON-Telecoms Giant BT has exchanged contracts to sell the majority of its UK property portfolio to Telereal, a joint venture between Land Securities Trillium and the William Pears Group.

NEWCASTLE-AWG Developments--formerly Morrison Developments--has been selected by the regional development agency One NorthEast as preferred bidder for the last remaining site in Newcastle's Quayside area.

LONDON-Development Securities has been granted detailed planning permission for the 237,000-sf first phase of its Royals Business Park, opposite London City Airport in London Docklands.

LONDON-The office markets across Europe were already slowing ahead of 11 September, according to new research from FPD Savills, and the subsequent economic shock could be enough to turn rental growth negative in some locations.

LONDON-This week's decision to permit a fifth terminal at London Heathrow airport will put severe pressure on land in the area, according to agent Rogers Chapman. And planning restrictions mean the demand will not be satisfied.

LONDON-Office rents in London's West End have fallen over the third quarter of 2001, according to new research from King Sturge. But the agent forecasts that the West End will survive the downturn better than the City.

LONDON-The troubled construction giant John Laing has hung the 'for sale' sign over its property division. Jones Lang LaSalle Corporate Finance has been brought in to handle the disposal.

LONDON-The Royal Institution of Chartered Surveyors has forecast that rental growth will continue over the next two years, albeit at a slower rate than in 2001.