LONDON-Average yields on UK commercial property have moved out for the sixth consecutive quarter to stand at 7.3% according to CB Hillier Parker. Offices and Industrials in London and the South East have been hardest hit by the slump in investor confidence.

LONDON-Specialist industrial investor Brixton has created a new customer services company called B-Serv to provide services like cleaning and security to occupiers on the company's industrial estates.

LONDON-Pillar Property's City of London Property Unit Trust has revised its plans for Austral House in Basinghall Avenue, London EC2. A new planning application has been lodged extending the scheme to 247,464 sf.

LONDON-South African financial services group Credo has bought the 200,000-sf Millennium Bridge House in the City of London from a German private investor. The building is the HQ of rival South African group Old Mutual.

LONDON-Short-term fluctuations in the electronics sector will do little to dampen demand for broadband communications, and landlords must continue to provide enhanced infrastructure, claims Weatherall Green & Smith.

LONDON-Compco Holdings has bought a group of historic buildings in Midtown from the Prudential. The 42,000 sf of offices, dating from 1545, are thought to have strong growth prospects.

GLASGOW-The Dutch investor Haslemere Estates has sold a 53,000 sf office building in Glasgow's Queen Street to a CB Hillier Parker-managed fund.

LONDON-Office developer Development Securities saw NAV its rise just ahead of inflation in the year to June 2001. It reports good progress on its central London and business park schemes.