LONDON-One of Britain's largest quoted property companies, Land Securities, and one of the country's biggest funds, Standard Life Assurance, have lost their joint legal battle to block Scotland's biggest development projects--the euro 1.5-billion ($1.9-billion) regeneration of the former steelworks at Ravenscraig.

LONDON-The sale of European hotels is expected to exceed the record levels of euro 11.6 billion ($15.1 billion) spent in 2004. Already this year almost euro 5.9 billion ($7.6 billion) of European hotels has been sold or is up for sale and euro 364.1 billion ($472.1 billion) of private equity in the global market is chasing all sectors, delegates at the International Hotel Investment Forum were told.

LONDON-The sale of European hotels is expected to exceed the record levels of euro 11.6 billion ($15.1 billion) spent in 2004. Already this year almost euro 5.9 billion ($7.6 billion) of European hotels has been sold or is up for sale and euro 364.1 billion ($472.1 billion) of private equity in the global market is chasing all sectors, delegates at the International Hotel Investment Forum were told.

LONDON-The Church Commissioners, one of Britain's biggest private owners and widely seen as the bellwether for the performance of diversified funds in Britain, has sold its Millbank estate to the House of Lords for euro 94.3 million ($121 million).

LONDON-The Church Commissioners, one of Britain's biggest private owners and widely seen as the bellwether for the performance of diversified funds in Britain, has sold its Millbank estate to the House of Lords for euro 94.3 million ($121 million).

LONDON-Britain's Land Securities and Standard Life Assurance lost a legal battle to block a $1.9 billion Mills Corp. project in Scotland.

LONDON-Indirect property vehicles had a record year acquiring more than euro 24 billion ($31 billion), according to a new report by DTZ Debenham Tie Leung. The surge in demand reflects a diversion of cross-border spending out of direct vehicles.

LONDON-Indirect property vehicles had a record year acquiring more than euro 24 billion ($31 billion), according to a new report by DTZ Debenham Tie Leung. The surge in demand reflects a diversion of cross-border spending out of direct vehicles.