LONDON-Property Investment Holdings has bought a mixed office and industrial portfolio from Westland Pensions Nominees for pounds 10.9 million ($17.5 million). The deal reflects a net equivalent yield of 8.24%.

LONDON-Central London specialist Derwent Valley Holdings has paid the London Borough of Islington pounds 37.8 million ($60 million) for a portfolio of 43 commercial properties, mainly in the emerging Kings Cross and Clerkenwell districts.

LONDON-Six Continents shareholders will vote today on the controversial plan to break up the formed Bass group into two companies, one to hold the brewing business and the other to run the hotels brands. And Chief Executive Tim Clarke has again slammed corporate raider Hugh Osmond.

LONDON-British Land has now let 47,000 sf at its new development at 350 Regent's Place in Euston Road, London, NW1, meaning the scheme is now over 40% let.

LONDON-Peterborough City Council has selected Morley Fund Management and Hammerson as the preferred development partners for a major regeneration project in the North Westgate area of the city, including the and the refurbishment and expansion of the Queensgate Shopping Centre.

LONDON-Warner Estate Holdings has formed a 50/50 in a joint venture with Bank of Scotland Corporate Banking called the Agora Shopping Centre Fund. To begin, the pounds 223 million ($350 million) fund will own six shopping malls in the north-west of England.

LONDON-Shepherd Developments and Bell Hammer have secured detailed planning consent for Alchemy, a speculative 40,033-sf headquarters office scheme in Welwyn Garden City, Hertfordshire.

LONDON-The retail sector is set to emerge as the top-performing property sector according to new research from CB Richard Ellis. A shortage of product is continuing to drive up capital values.