PARIS-Moscow emerged as the next European property hot-spot in the inaugural <I>Emerging Trends in Real Estate</I> survey from the Urban Land Institute Europe and PricewaterhouseCoopers.

LONDON-A joint venture between the Prudential, Frontier Estates and Opus Land has bought a major development site on the M42 south of Birmingham from TRW Automotive for pounds 40 million ($73 million).

LONDON-A JV between the Prudential, Frontier Estates and Opus Land has bought a major development site on the M42 south of Birmingham from TRW Automotive for $73 million.

LONDON-Isis Property has sold the Argent Centre industrial estate at Pump Lane, Hayes, Middlesex. The 10-unit, multi-let industrial estate, located close to Heathrow Airport, sold for pounds 10.8 million ($19 million).

LONDON-CIS and Petros Developments have sold their joint interest in the Stamford Shopping Centre, Altrincham, Cheshire to Park Lane Estates for pounds 48 million ($88 million), reflecting a net initial yield of 7.25%.

LONDON-Occupier confidence has recovered from a two-year slump, and demand for commercial property hit a two-year high over the past six months, according to a new survey from the Confederation of British Industry and GVA Grimley.

LONDON-A leading German pension fund has put $190 million into a new property fund to be managed by Henderson Global Investois and MM Warburg. The fund will target the UK, France and Germany.

LONDON-Jones Lang LaSalle president and chief executive officer Chris Peacock has quit unexpectedly to "spend more time with his family". Chairman Stuart Scott will take the helm while the search for a successor begins.