LONDON-Standard Life Investments has sold the Blackburn Shopping Centre in Blackburn, Lancashire, to Blackburn Centre LP, a Delaware incorporated limited partnership set up by REIT Asset Management, for more than pounds 100 million ($160 million).

LONDON-Terrace Hill Group has sold its Peak Village outlet and leisure development in Rowsley, in the Derbyshire Peak District, to a private investorfor pounds 8.6 million ($14 million).

LONDON-Grainger Trust, the UK's biggest residential investor, has absorbed its one-time rival BPT with the pounds 24.3 million ($40 million) purchase of Deutsche Bank's outstanding interest.

LONDON-South Ayrshire Council has granted planning consent to Henry Boot Developments for a 200,000-sf retail scheme in Ayr town centre. The pounds 52 million ($85 million) scheme will include a new department store.

LONDON-Direct investment in commercial property in the first half of 2003 totalled EUR 31.4 billion ($36 billion), 18% lower than the EUR 36.5 billion ($41 billion) recorded during the same period of 2002 according to Jones Lang LaSalle.

LONDON-A team led by EDAW, in partnership with HOK Sport, Foreign Office Architects, and Allies and Morrison, has been chosen as masterplanning architects for the London Olympics site in east London.

LONDON-IM Properties has bought the 230,000-sq ft Wolsey Place shopping centre in Woking town centre, Surrey, from West Bay Estates for pounds 70 million($112 million). The purchase price reflects a net initial yield of 7.5%.

LONDON-Ashtenne Holdings has agreed terms with the US Air Force for a new 10 year lease on 570 houses occupied by USAF personnel at Lakenheath Airbase in Suffolk, at an initial rent of pounds 4 million ($6.4 million) per annum.