LONDON-Heron has threatened to drop its pursuit of Crest Nicholson unless the homebuilder opens the books. The developer had planned to make a euro 735-million ($954-million) bid but is reluctant to do so without a closer examination of the details.

LONDON-Trammell Crow has built a 20% stake in the UK's largest property consultancy, Savills, at a cost of euro 70.3 million ($91.3 million). The acquisition was through the exercise of a five-year option.

LONDON-Trammell Crow has built a 20% stake in the UK's largest property consultancy, Savills, at a cost of euro 70.3 million ($91.3 million). The acquisition was through the exercise of a five-year option.

LONDON-US developer HDG Mansur has the thumbs-up for its 810,000 sq ft mixed-use scheme on the Courage Brewery site in Bristol. This is the second time the site has secured planning consent. The first approved plans were ditched when Mansur bought the site last year.

LONDON-US developer HDG Mansur has the thumbs-up for its 810,000 sq ft mixed-use scheme on the Courage Brewery site in Bristol. This is the second time the site has secured planning consent. The first approved plans were ditched when Mansur bought the site last year.

LONDON-The Mall Fund, managed by Morley and Capital & Regional, has raised over euro 1.5 billion ($2 billion) with bonds backed by mall income. Despite setting a new record the issue was hit by a surge of supply during the week.

LONDON-The conditions are now set for the start of a new development cycle in the West End, according to new research by Atisreal. The firm found that while take-up in the first quarter of this year was the lowest on record, demand is picking up.

LONDON-Canary Wharf has made its first foray into the city with the acquisition of various subsidiaries that hold long leasehold interests in 200 and 202 Aldersgate St. and 20 Little Britain. The move is valued at euro 307.4 million ($401 million).