LONDON-Although the London stock market has bounced back strongly during 2003, property is still outperforming equities on a year-on-year basis, according to Jones Lang LaSalle. But only just. Property performance is slowing.

LONDON-In Manchester's biggest office investment deal this year, Hermes has sold 100 Barbirolli Square to DB Real Estate Investment for over pounds 52 million ($84 million). The price reflects a net initial yield of 6.5%.

LONDON-A joint venture between Frontier Estates and Chubb Common Investment Fund has submitted a planning application for the development of a new district centre on a 16-acre site at Hatfield Business Park in Hertfordshire.

LONDON-The UK Government yesterday underlined its commitment to regenerating the Thames gateway area east of London. Over pounds 1 billion ($1.6 billion) of public investment in the area will help provide 120,000 new homes by 2016.

LONDON-Ashtenne Holdings and Morley Fund Management have attracted a further pounds 29 million ($47 million) of new investment into the Ashtenne Industrial Fund, a limited partnership investing in industrial property.

LONDON-The Bristol Alliance has submitted a detailed planning application for its Broadmead expansion project in central Bristol. The detailed designs include three new shopping streets, new public areas and a new gateway to Bristol city centre.

LONDON-Housebuilder Wates has become the first tenant at the 38,734-sf Parkland Square speculative office development on the Capability Green business park near Luton, Bedfordshire.

LONDON-Office and business park developer Akeler has sold its final remaining two buildings at Quinta da Fonte business park near Lisbon, Portugal, to Siemens for pounds 19.8 million ($32 million).