LONDON-London's congestion charge scheme--under which drivers pay a pounds 5 ($8) toll to drive into central London every weekday--has been slammed by leading retailer John Lewis Partnership.
LONDON-The end of the office market slump in south-east England could be in site, according to new research from CB Richard Ellis. Take up in the Thames Valley has increased for the first time since 2000.
LONDON-Project manager London Town has withdrawn from the massive Wandsworth Riverside Quarter development in south-west London, selling its minority stake in the scheme to its development partners FairBriar and CPL.
LONDON-In a gesture of confidence in the West End office market developer Consolidated Real Estate Management Services has set a pounds 70 ($110) per sf asking rent for its new 75,000-sf Curzon Square development on Park Lane.
LONDON-Aberdeen Property Investors has come back with a scaled-down proposal for the Bishop's Court extension to the Whitgift shopping centre in Croydon, south London.
LONDON-Portsmouth City Council has granted planning consent to convert part of the historic Vulcan building at Gunwharf Quays, The Berkeley Group and Land Securities' mixed-use development at Portsmouth Harbour.
LONDON-REIT Asset Management has continued the refocusing of its retail holdings. In its latest deal, it has paid Prudential Life Fund and Shell Pensions Trust pounds $160 million for the 542,000-sf Chequers shopping center in Maidstone, Kent.
LONDON-Midlands-based housebuilder Wilson Connolly has accepted a pounds 480-million ($750-million) bid from Taylor Woodrow. The enlarged group will be capable of building 10,000 new homes a year.
LONDON-The Anchorage, a 25,000-sf, five-storey office building on Bridge Street, Reading, Berkshire is now fully occupied after Willis Group sub-let 10,000 sf in two separate transactions.
LONDON-The London Borough of Havering has granted outline planning permission to The Mall Corporation; Asda Wal-Mart and Barratt Homes for their scheme to extend the Liberty 2 shopping, at Romford in east London, with an Asda superstore and 200 new homes.