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LONDON-Land Securities has submitted a planning application for Eastern Quarry, a 740 acre site in the Thames Gateway to the east of London. Plans include 3 million sf of commercial space and 7,250 new homes.
LONDON-Liberty International, owner of some of Britain's biggest out-of-town shopping malls, has announced a 9% rise profits boosted largely by buoyant consumer spending.
LONDON-Car manufacturer Honda has reported a pounds 6 million increase ($9.77 million) in the value of its land in Swindon since it opened the plant in 1989. Land values in the area have soared since the car plant opened.
LONDON-Hilton is investing pounds 27 million ($44 million) in the expansion of its hotel at London's Gatwick Airport. The hotel is linked directly to the South Terminal at the world's sixth busiest airport.
LONDON-Minerva chief executive Andrew Rosenfeld has warned that the pounds 124.5 million ($205.3 million) bid by the property company for department store group Allders might be withdrawn.
LONDON-Liberty International has increased its holding in Great Portland Estates (GPE) to 20.6%, sparking speculation that the company will use its stake to mount a bid or prompt a rival bid for GPE
LONDON-Dutch investor ING Real Estate plans to invest pounds 200 million ($329 million) in the redevelopment of the Forum Shopping Centre and the Northgate area of Chester.