LONDON-The UK capital is to bid to host the 2012 Olympic Games. The proposed facilities, including a new 80,000-seat stadium at Hackney in east London, will be used as a catalyst for the regeneration of run-down areas of the city.
LONDON-Industrial specialist Brixton is claiming the biggest industrial letting in Bracknell, Berkshire, so far this year with a 22,853-sf deal at its 165,000-sf Sterling Centre.
LONDON-In the biggest industrial deal so far this year in South Wales, furniture retailer MFI has taken the 257,589-sf former Alcoa unit at Llantrisant Business Park, Llantrisant.
LONDON-The Kenmore Group has bought the freehold of the 43,000-sf Brunswick House, Brunswick Place, Southampton from AXA Sun Life for pounds 5.05 million ($8 million) to show an initial yield of 7.77%.
LONDON-Plans for a new Thames bridge east of Tower bridge have been mooted by Transport for London. Improved communications in East London are seen as key to attracting development to the area, and Londoners are being asked to comment on four possible designs.
LONDON-Norwegian-based risk management consultant Det Norske Veritas has raised pounds 11.5 million ($18.5 million) with the sale and leaseback of its 43,000-sf waterfront London headquarters at Palace House, Cathedral Street, London SE1.
LONDON-Construction work has started on a speculative 140,000-sf industrial development, Tranmoor Point at Yorkshire Forward's West Moor Park, in Doncaster. Developer Teeshep claims it is largest speculative warehouse currently being built in the entire Yorkshire region.
LONDON-Selfridges has succumbed to a pounds 600 million ($960 million) offer from Galen Weston just as Debenhams announced a pounds 1.54 billion ($2.5 billion) offer from venture capital group Permira. But further bids for both cannot be ruled out.
LONDON-Kennet Properties, the development arm of Thames Water, has been granted outline planning consent by Wycombe District Council to redevelop its Wycombe Marsh site with a mixed retail and residential scheme that will include High Wycombe's biggest retail park.