LONDON-Development Securities has bought a shopping centre in Dewsbury an industrial building in and Redditch for a combined pounds 24 million ($45 million).

LONDON-Taylor Woodrow has raised $525 million with the sale of its St Katherine's Dock developments on the eastern fringe of the City of London. Clients of REIT Asset Management have bought the property in two separate lots.

LONDON-Hammerson today became the first UK property company to inject assets into a REIT-style vehicle. It has applied for a dual listing on the Euronext market in Paris as the first step towards converting its French portfolio into a tax-transparent SIIC.

LONDON-Canary Wharf has confirmed a lease agreement with BP's Integrated Supply and Trading division at 20 Canada Square. BP has increased its requirement from 128,000 to 140,500 sf.

LONDON-Hammerson has sold a major City of London development site at 21 Moorfields, London EC2 to the Gertner Family Interests, in partnership with the Novyon Foundation, raising $90 million.

LONDON-Further evidence has emerged of an upturn in the office market west of London with the biggest letting in Woking for more than 12 months. Dutch publisher VNU has taken 16,210 sf in Alliance Properties and Stargas Nominees Midas office scheme in Goldsworth Road.

LONDON-Quintain and Lend Lease have won planning permission for London's biggest development since Canary Wharf. Their Greenwich Peninsula development will include 4 million sf of commercial development plus 10,000 new homes.

LONDON-Outlet operator Freeport has concluded negotiations with fund manager Hermes over the $460-million sale of four of its UK malls. Hermes is now the biggest owner of outlet malls in the UK.