LONDON-Two international law firms, Skadden Arps Slate Meagher & Flom and Allen & Overy, are in negotiations for 200,000 sf in the 600,000 sf HQ3 building currently under construction at Canary Wharf.

LONDON-Retail and Leisure specialist Capital & Regional is to float off its Xscape indoor ski concept into a separate company following the success of its first development in Milton Keynes.

SHEFFIELD-Hammerson has won the competition to develop Sheffield's new retail quarter, beating

LONDON-Property services group Hercules turned in record profits for the year to 30 June 20001. The company is growing quickly on the back of an aggressive programme of acquisitions in both property and insurance brokerage.

PARIS-Office take-up is falling in the French capital, according to new reseach from CB Richard Ellis. However supply remains restricted and this is helping to underpin rental levels.

LONDON-Sportswear brand Reebok has chosen Canary Wharf as the site for the UK's biggest health club, taking 100,000 sf over three floors in Canada Place. The club will accommodate 10,000 members.

LONDON-Minerva has released details of its planned one million sf office building on the St Botolph's site on the City's Eastern fringe. Large buildings are seen as key to the City's fight back against Canary Wharf.

LONDON-Department store group Allders has taken a 100,000-sf store on Oxford Street for its first Central London branch. The store, at the western end of the street, was formerly the UK flagship of the Dutch C&A fashion chain.