LONDON-The problems facing the central London office market are highlighted by the interim results from specialist central London investor Benchmark. The group estimates prime rents have fallen 10% and they are unlikely to recover until 2003.

FRANKFURT-Deutsche Bank has combined its six separate real estate investment management groups around the world into a single entity, DB Real Estate, which will be run out of New York. The new company will have $21 billion under management.

LONDON-The problems facing the central London office market are highlighted by the interim results from specialist central London investor Benchmark. The group estimates prime rents have fallen 10% and they are unlikely to recover until 2003.

LONDON-Office rents in the major European cities were not immune from the global economic downturn during 2001. According to the latest world office rents survey from Insignia, sharp declines in rents in many North American office markets in the first half of 2001 spread to parts of Europe and Asia in the second half of the year.

LONDON-Office rents in the major European cities were not immune from the global economic downturn during 2001. According to the latest world office rents survey from Insignia, sharp declines in rents in many North American office markets in the first half of 2001 spread to parts of Europe and Asia in the second half of the year.

LONDON-The pan-European retail giant Kingfisher has taken 54,000 sf at Development Securities' PaddingtonCentral development in London's West End for its new headquarters.

SHEFFIELD-BC Asset Management's Property Income and Growth Fund has bought the recently-completed No. 1 Riverside Exchange from developer Wilson Bowden.

JERSEY-The 130,000-sf Waterfront leisure scheme in St Helier, Jersey is now fully let. Manchester-based developer CTP has leased all the bars, restaurants and cinemas more than six months ahead of completion.