LONDON-HypoVereinsbank's Central European Property Fund has moved into the Polish market for the first time with an office investment in central Warsaw. The fund now owns eight properties in the Czech Republic, Hungary and Poland.
LONDON-British Land has added to its retail holdings with the purchase of the Meadowbank Retail Park in Edinburgh. The deal is part of a spate of acquisitions and disposals at the company in the past three months.
LONDON-In a move likely to open the floodgates for more high-rise development in the City of London, Deputy Prime Minister John Prescott has approved Heron's controversial plans for a 720-ft development at 110 Bishopsgate.
LONDON-The Duke of Westminster's Grosvenor has capitalised on the strong demand for retail investments with the sale of two shopping centres in Bolton, Manchester and Perth, Scotland for a combined Pounds 91 million ($144 million).
LONDON-Barclays Bank has agreed a Pounds 198 million ($310 million) sale of its 314,000-sf headquarters at 54 Lombard Street in the City with Morley Fund Management.
LONDON-The sluggish Thames Valley office market is showing new signs of life with a 55,000-sf letting to airline ticketing group Galileo on MEPC's Axis Park at Langley, near Slough in Berkshire.
LONDON-The latest RICS commercial property survey for the second quarter of 2002 shows negative business sentiment is now impacting the property market with most agents reporting a fall in market activity.