LONDON-European cross-border investment in real estate grew in the third quarter of 2001 according to new research from DTZ. Turnover for 2001 is unlikely to match the record levels set in 2000 but the agent says there is still a long-term upward trend.

LONDON-To the dismay of environmentalists and local residents and to the relief of business and property groups, Transport Secretary Stephen Byers has approved a new terminal to increase the capacity of Heathrow airport by one third.

LONDON-Specialist retail investor Capital & Regional has confirmed that it is in negotiations with Morley Fund Management, the fund management arm of insurance giant CGNU, to set up a retail park fund.

LONDON-Great Portland Estates has completed its withdrawal from the retail market with the $333 million sale of its last four shopping centres to a joint venture between Stannifer and Bank of Scotland.

LONDON-Stanhope has been selected as the Crown Estate's development partner for the 180,000-sf mixed office, retail and residential redevelopment of 229-247 Regent Street in the heart of London's West End.

LONDON-The UK Government's shock decision to put the rail infrastructure group Railtrack into administration may blight plans for the regeneration of the area around Victoria station in London's West End, according to Cluttons.

LONDON-Retail investor Halladale has bought the Woodley shopping centre in Reading, Berkshire in a joint venture with Citigroup Global Investments. The neighbourhood mall is let to several national multiples and the deal reflects an initial yield of 9.5%.

LONDON-The latest figures on property lending from the Bank of England show that financial institutions are still increasing their commitment to the property sector with loans to the property sector reaching record levels.