LONDON-Manchester United team manager Sir Alex Ferguson, who is currently touring America with the football club, has invested in a prime City property.

LONDON-UBS Global Asset Management has recruited three former members of the European investment division of Lend Lease, ahead of the launch of a number of new European property funds.

LONDON-The property portfolio of department store chain Debenhams has been revalued at pounds 425 million ($694.3 million), 30% less than the company had hoped

LONDON-The property portfolio of department store chain Debenhams has been revalued at pounds 425 million ($694.3 million), 30% less than the company had hoped

LONDON-Mapeley has formally indicated its interest in managing one of the largest property portfolios held by a council in the UK. It faces competition from both Bovis and Jarvis

LONDON-Chelsfield has confirmed that German open-ended fund CGI is interested in financing the development of the pounds 1.5 billion ($2.5 billion) White City development

LONDON-The Court of Appeal has cleared the way for a pounds 1 billion ($1.64 billion) extension to London Underground. Prince Charles was one of the protestors

LONDON-Freeport board has decided to sell its completed developments after deciding to reject a takeover approach that would have valued the company at pounds 135 million ($225.4 million)