LONDON-The Portfolio Property Fund has bought 52/54 Southwark Street, London SE1 from the Milton Group to show an equivalent yield of 8.65%. The fund has now bought 11 properties, and also invests in property company shares.

LONDON-Prudential has bought the Cherwell 40 Distribution Park beside junction 11 of the M40 motorway in Banbury, Oxfordshire, off an equivalent yield of about 8%.<p>

LONDON-Developer Stanhope has completed the first phase of its Chiswick Park project in West London.

LONDON-Britannic Asset Management has been granted planning consent on appeal for a 125,000 sf redevelopment of the former Kensington Market site, immediately next door to the Barkers department store in London's Kensington.

LEEDS Telecoms giant Cable &amp; Wireless is said to have abandoned plans to open a new regional office and web hosting facility at the Thorpe Park Business Park near Leeds, West Yorkshire.

GLOUCESTER-Crest Nicholson Properties has sold two buildings at its 62 acre Waterwells Business Park to Britannic Assurance.

LONDON-Construction costs in the UK are soaring ahead of inflation, according to the latest RICS tender price index compiled by the Building Cost Information Service.

LONDON-Lafarge, the French building materials giant, has sold 19 brownfield sites to Lands Improvement Holdings