PARIS-French property company Klepierre plans to invest euro 600 million ($725 million) this year on top of the euros 780 million ($941.2 million) it spent last year on shopping centres in France, Italy and Poland.

PARIS-French property company Klepierre plans to invest euro 600 million ($725 million) this year on top of the euros 780 million ($941.2 million) it spent last year on shopping centres in France, Italy and Poland.

LONDON-Slough Estates, one of Europe's largest business park developers, will outsource the company's UK construction activities. The move brings the UK's construction activities into line with the outsourcing that has already taken place in the company's Continental Europe and American operations.

LONDON-Slough Estates, one of Europe's largest business park developers, will outsource the company's UK construction activities. The move brings the UK's construction activities into line with the outsourcing that has already taken place in the company's Continental Europe and American operations.

BERLIN-Rockpoint has added two heavyweights to spearhead the firm's European expansion. Michael Gerlich, previously at GE Capital, will head up acquisitions in Germany. Rhys Lewis, previously at Moorfield, will head up acquisitions in the UK.

BERLIN-Grainger Trust pays euro 66.4 million ($80.3 million) cash for a residential portfolio in Germany. This is the British company's second foray into the German markets and means the company now owns 2,332 units in one of Europe's largest residential leasing markets.

BERLIN-Grainger Trust pays euro 66.4 million ($80.3 million) cash for a residential portfolio in Germany. This is the British company's second foray into the German markets and means the company now owns 2,332 units in one of Europe's largest residential leasing markets.

LONDON-Investors spent a record euro 72.85 billion ($86 billion) last year, mainly on central London offices and shopping centers, according to a new report. The prediction is for good—but not great--returns in 2006.