LONDON-Morley Fund Management has sold the freehold investment interest in Buildings 1 & 2, Kingmaker Court, Warwick Technology Park, Warwick to Standard Life for pounds 14 million ($24 million). The sale reflects a net initial yield of 7.29%.

LONDON-TR Property Investment Trust has sold two properties--Ocean Village, Southampton and Tavern Quay, London SE16--for a total of pounds 7.565 million ($12.8 million).

LONDON-London will boast Europe's tallest building after Deputy Prime Minister John Prescott gave planning approval to the 1,000-ft London Bridge Tower development on the south bank of the Thames.

LONDON-Supermarket group Sainsbury's has successfully offloaded its property development arm J Sainsbury Developments in a pounds 168 million ($285 million) sale to Catalyst Capital.

LONDON-More overseas retailers than ever before--particularly from the US--are looking to enter the UK market, according to new research from Jones Lang LaSalle.

LONDON-A shortage of properties for sale is driving a new surge in house prices, despite this month's 0.25% rise in interest rates, according to the RICS.

LONDON-AXA Sun Life has paid pounds 12 million ($20 million) for the 74,000-sf Coppins Bridge Retail & Leisure Park, in Newport, Isle of Wight. The scheme is the only such facility on the island.

LONDON-The planned imposition of Stamp Duty on new leases is due to take effect from 1 December 2003, but the RICS and other industry bodies are still lobbying for a change of heart at the Treasury.