LONDON-Australian property group Lend Lease is in talks with Berkeley Group about a possible acquisition of Crosby Homes for about euro 402.75 million ($488.56 million). In recent months, property developers have looked to acquire homebuilders because they see huge potential for growth in the market.

LONDON-Land Securities, Britain's largest property group, is paying euro 538.6 million ($649.3 million) for specialist retail warehouse investor Lxb. The deal reflects the continued strength of the retail investment market.

LONDON-Land Securities, Britain's largest property group, is paying euro 538.6 million ($649.3 million) for specialist retail warehouse investor Lxb. The deal reflects the continued strength of the retail investment market.

LONDON-European property investment in 13 countries produced returns of 10.4% last year--double that of the previous year, according to Investment Property Databank. The data forms part of new index IPD hopes will boost a pan-European market.

PARIS-A joint venture between UK-quoted property company Hammerson and insurer, Axa has prelet 140,000 sf of offices to Clifford Chance. Hammerson has also filed to take advantage of France's new REIT-like tax structure.

PARIS-A joint venture between UK-quoted property company Hammerson and insurer, Axa has prelet 140,000 sf of offices to Clifford Chance. Hammerson has also filed to take advantage of France's new REIT-like tax structure.

LONDON-Multiplex is considering pulling out of several multi-billion-pound projects in the UK--including one critical to Britain's Olympic bid. The reassessment has been prompted by huge losses on the construction of Wembley and a falling share price and doubts as to whether it can fund the euro 6.7-billion ($8.2-billion) program.

LONDON-Multiplex is considering pulling out of several multi-billion-pound projects in the UK--including one critical to Britain's Olympic bid. The reassessment has been prompted by huge losses on the construction of Wembley and a falling share price and doubts as to whether it can fund the euro 6.7-billion ($8.2-billion) program.