LONDON-British Land has signed a joint venture with US gaming giant MGM Mirage to develop a pounds 250 million ($365 million) resort casino next to its Meadowhall shopping centre in Sheffield, South Yorkshire. The deal is conditional on the government relaxing restrictions on casinos in the UK.

LONDON-The venture hopes to produce a $365-million resort casino next to British Land's Meadowhall shopping center in Sheffield, South Yorkshire. But will the government relax casino restrictions enough to make the deal happen?

LONDON-London businesses have to bear higher property costs than their counterparts elsewhere, according to the latest King Sturge <I>Global Industrial &amp; Office Rents </I>Survey. The UK capital has the most expensive office and industrial space in the world.

LONDON-Industrial specialist Brixton has paid $94 million for the 600,000-sf Northfields Industrial Estate in Park Royal, North West London.

LONDON-Canary Wharf founder Paul Reichmann has admitted defeat in his attempt to take the company private. Having failed to raise the necessary finance for a bid, Reichmann will now support Brascan Corporation's potential bid.

LONDON-The UK hotel industry ended 2003 on a positive note after one of the toughest years for hoteliers. Occupancy and room rates were both up according to consultants PKF.

LONDON-AXA Real Estate Investment Management has spent pounds 22.9 million ($42 million) buying and office investment in Bracknell and a retail park in Stafford from the Hampshire Pension Fund.

LONDON- After eleven successive quarters of decline, demand for business premises in the UK rose over the final quarter of 2003, according to the RICS commercial property survey. The figures confirm suspicions that a recovery is underway.