LONDON-Hermes Property Asset Management has invested pounds 35 million ($61 million) in Capital & Regional's Mall Limited Partnership, following the sale of its Marlands shopping centre in Southampton to the fund.

LONDON-Hermes Property Asset Management has invested $61 million in Capital & Regional's Mall LP, following the sale of its Marlands shopping center in Southampton to the fund.

LONDON-Royal London has sold the freehold investment of Westcroft Retail Park in Milton Keynes, Buckinghamshire to JP Morgan for pounds 18.6 million ($32 million), reflecting a net initial yield of 5.66%.

LONDON-London's residential lettings market is lagging behind the rest of the UK, with a surplus of properties on the market continuing to depress rents. But overall residential property is performing well for investors.

LONDON-London's West End remains the most expensive location to set up a new office across major European and Asian cities, despite almost two years of falling rents, according to new research from FPDSavills.

LONDON-Highcross has started spending its #350 million war chest with the pounds 11.67 million ($20 million) purchase of a 102,500-sf office investment in Croydon, South London.

LONDON-In one of the larger distribution lettings seen in the south-east of England this year Co-Operative Insurance Society has secured Wickes Building Supplies Limited for 130,000 sf at its Maximate development in Hemel Hempstead, Hertfordshire.

LONDON-The London Borough of Redbridge has selected Capital & Counties and Countryside Properties as its development partners to redevelop six acres of Ilford town centre in East London.