LONDON-Quintain has raised £111 million ($205 million) from the sale of a central London office building and a northern shopping centre, and it has started reinvesting the proceeds with five purchases.

LONDON-In one of the biggest warehouse deals in the M1 industrial market this year ProLogis has let the 104,000-sf Unit 3 at ProLogis Park, Marston Gate near Milton Keynes, Bedfordshire to DTS Logistics.

LONDON-Gazeley Properties, Wal-Mart's European property company, has joined forces with Standard Life to build the largest speculative distribution warehouse in South East England. The 488,000-sf unit, called Ultrabox, is to be developed at Purfleet in Essex with completion scheduled for later this year.

LONDON-Quintain's dream of a comprehensive redevelopment of 42 acres surrounding the new national football stadium at Wembley moved closer to reality when the London Borough of Brent resolved to grant outline planning consent for the scheme.

LONDON-In a deal that bodes well for the revival of the Midtown office market, Benchmark and JER Partners have let almost 35,000 sf of office space, at their landmark 90 Long Acre office building in Covent Garden.

LONDON-Scottish Widows Investment Partnership has demonstrated confidence in the emerging Kings Cross district of London with the purchase of Fulcrum House, 2 Killick Street, London, N1, from Derwent Valley for £12 million ($21 million).

LONDON-Capital & Regional has been appointed as developer for a new 400,000-sf retail park planned as part of the new football stadium for Cardiff City Football Club.

LONDON-Rugby Estates has signed a £22-million ($40-million) sale/leaseback agreement with Saint Gobain, the French building materials giant, covering 18 UK sites occupied by its Jewson builders' merchants business.