LONDON-The architect who narrowly missed out on the Ground Zero project in New York is to design a new skyscraper in the City of London. Land Securities has selected Uruguayan-born Rafael Vinoly to design a tower on the site of 20 Fenchurch St.

LONDON-One of Europe's biggest regeneration projects, the euro 5.8-billion ($7.6-billion) Stratford City scheme, moves closer to reality with the signing of an agreement with the city council. The deal makes way for an Olympic Village and public works to support the build.

LONDON-One of Europe's biggest regeneration projects, the euro 5.8-billion ($7.6-billion) Stratford City scheme, moves closer to reality with the signing of an agreement with the city council. The deal makes way for an Olympic Village and public works to support the build.

LONDON-Oil giant Texaco is in talks to dispose of its 140 forecourt convenience stores in the UK to supermarket chain Somerfield. The buyer plans to sell the freeholds to a developer and then lease back the stores and forecourts. The deal reflects a new wave of property outsourcing in Europe that could reach euro 60 billion ($78 billion).

LONDON-Oil giant Texaco is in talks to dispose of its 140 forecourt convenience stores in the UK to supermarket chain Somerfield. The buyer plans to sell the freeholds to a developer and then lease back the stores and forecourts. The deal reflects a new wave of property outsourcing in Europe that could reach euro 60 billion ($78 billion).

LONDON-Pillar Properties--both on its own and through its joint venture Hercules Unit Trust--has completed just under euro 1.2 billion ($1.5 billion) of deals. A total of 1.5 million sf in four of Britain's top retail parks has changed hands.

LONDON-Pillar Properties--both on its own and through its joint venture Hercules Unit Trust--has completed just under euro 1.2 billion ($1.5 billion) of deals. A total of 1.5 million sf in four of Britain's top retail parks has changed hands.

LONDON-De Vere, the hotel group, has sold the Belfry hotel and golf course complex, host to the Ryder Cup, to Quinn Group for euro 270.44 million ($351.08 million). This is the third luxury hotel-golf course complex to flip in Europe in recent months.