LONDON-DB Real Estate has purchased Northcliffe House, Tudor Street, London EC4 from an affiliate of TIAA-CREF and from Clerical Medical. The price of reflects a net initial yield of 6.4%.

LONDON-Legal & General has sold the freehold of The Campus, Maylands Avenue, Hemel Hempstead to Frogmore for pounds 28.455 million ($47 million). The purchase price provides a net initial yield of 8.34%.

LONDON-Lionbrook Property Partnership has purchased Reading Retail Park, Oxford Road, Reading, from the Junction Limited Partnership for pounds 25.1 million ($42 million) reflecting a net initial yield of 6.6%.

LONDON-Omega Warrington--a joint venture between Miller Developments and The Royal Bank of Scotland--together with landowner English Partnerships, has submitted an outline planning application for the first two phases of the pounds 1 billion ($1.65 billion) Omega development near Warrington.

LONDON-Legal & General and Astral Developments have joined forces to form the Meteor Industrial Partnership, a new pounds 100 million ($165 million) fund.

LONDON-Cromwell Holdings has sold the freehold investment in SGS House, London Road, Camberley, Surrey for pounds 4.1 million to reflect a net initial yield of 7%.

LONDON-Asda Wal-Mart's distribution property specialist Gazeley has teamed up with Land Securities to launch Nova MK, a new 3.39 million-sf distribution park at Fen Farm, five miles east of central Milton Keynes.

LONDON-Despite the current economic uncertainty global cross-border investment activity in prime real estate will continue to increase over the next three years according to DTZ's annual <I>Global Investment Intentions Survey</I>.