LONDON-Student and key worker housing specialist Unite is to raise almost $400 million (273.5 million pounds) by securitizing the income from 47 of its properties.

LONDON-Robertson Property has sold the latest phase of its successful St Catherine's retail park in Perth, Scotland to Scottish Widows Investment Partnership.

LONDON-Irvine Sellar's plans to build Europe's tallest office tower on the south bank of the Thames at London Bridge railway station received a further boost when London Mayor Ken Livingstone approved the scheme, subject to conditions about design and transport links.

LONDON-Morley Fund Management, manager of the Norwich Property Trust portfolio, has bought a prominent retail park in Portsmouth, Hampshire, from Credit Suisse Property Investment Management.

LONDON-The McDonalds Corporation has successfully exited from its troubled coffee bar venture Cafi Aroma. Rival operator Caffe Nero has bought the 31 UK stores and the worldwide rights to the Aroma brand.

LONDON-Liberty International subsidiary Capital Shopping Centres has been granted outline planning permission for the second phase of its Breahead development on the south bank of the Clyde near Glasgow. The 115-acre second phase includes a 300,000-sf business park and 900 new homes.

LONDON-Telereal Ventures, the joint venture between Land Securities Trillium and the William Pears Group has agreed an outsourcing deal with mobile telecoms operator O2 to take over the management of 8,000 properties across the UK.

LONDON-Standard Life has paid more than 50 million pounds ($72 million) for the 150,000-sf West One retail park in Eccles, Manchester. The price reflects a yield of 6.25%.