LONDON-Gazeley Properties, the European distribution property specialist owned by Wal-Mart, has bought a 48 acre site in Sheffield, south Yorkshire, for a new distribution park.

LONDON-Pillar Property's Hercules Unit Trust has bought the Great Malvern Retail Park in Great Malvern, Worcestershire, from the Pensions Trust in Worcester for £37.1 million ($65 million).

LONDON-Pillar Property's Hercules Unit Trust has bought the Great Malvern Retail Park in Great Malvern, Worcestershire, from The Pensions Trust in Worcester for £37.1 million ($65 million).

LONDON-The City Corporation has approved Land Securities' revised planning application for its site in New Fetter Lane, London EC4. The new consent is for four buildings totalling 690,000 sf.

LONDON-Rotherham Metropolitan Borough Council has selected St Paul's Developments to build a £100 million ($175 million) business park in the Dearne Valley, South Yorkshire.

LONDON-Sentiment is improving in the Central London property market, according to Jones Lang LaSalle's Q1 2004 Office Report, and active demand is now 56% higher than it was a year previously.

LONDON-GE Capital is to buy out the rump of the Haslemere property portfolio from a consortium led by the Israeli-based Brack Capital in a €300-million ($350-million) deal.

LONDON-ProLogis has acquired three more sites in the UK that will accommodate up to six million sf of distribution space. Initially, it plans to kick-start the projects with 650,000 sf of speculative development.