LONDON-Any move by the UK to adopt the euro would have short term benefits for the property sector, but in the longer term it could increase market volatility, a joint seminar of the European Real Estate Society and the Society of Property researchers was told.

LONDON-The shareholders in the Dutch-based property group Rodamco North America have cleared the way for the company's sale to Australian and US investors led by Westfield Holdings.

LONDON-Barclays Bank has put its 314,000-sf headquarters at 54 Lombard Street in the City up for sale with a 190 million-pounds ($270 million) price tag. Cushman & Wakefield Healey & Baker and Atis Real Weatheralls have won the sale instruction.

LONDON-Campbell Grocery Products signed an agreement to lease 19,000 sf of office space at Development Securities' Cambourne Business Park, Cambridge in the second major letting at the business park this year.

LONDON-The UK Government's regeneration agency, English Partnerships, faces a radical shake-up that will see it focus on redeveloping brownfield land rather than managing a property portfolio. And a new chief has been brought in to drive the change through.

LONDON-London has a vital business need for tall buildings according to new research undertaken by the British Council for Offices. Research among economists and occupiers both found in favour of building higher.

LONDON-Electronics Group Nokia has signed a global agreement worth £100 million ($143 million) with serviced office operator Regus to transfer of up to one fifth of its worldwide office locations to Regus business centres within the next three to five years.

LONDON-Westminster City Council has given a cautious welcome to new proposals by architect Richard Rogers and developer Chelsfield to reduce the height of their planned Grand Union Building at Paddington Basin in London's West End.