LONDON-House price growth in the UK is forecast to slow to 5% during 2002, according to new research from FPD Savills, as the threat of increased unemployment, weaker economic growth and slower growth in household incomes reduce consumer confidence.

LONDON-Troubled telecoms equipment manufacturer Ericsson has followed up the sale of its London headquarters to BP with the sale and leaseback of its research and development complex in Burgess Hill, West Sussex.

PORTO-Lend Lease and its Global Properties fund have sold the Arrabida Shopping Centre in Porto, Portugal, to a joint venture between Portuguese shopping centre developer and investor Sonae Imobilaria and the French financial institutions CNP and Ecureuil Vie.

PARIS-The office market in the French capital is likely to benefit from the relative strength of the French economy, with low vacancies and limited development activity underpinning rents.

LONDON-Despite the economic downturn and market uncertainty following 11 September, the level of development activity in Mayfair and St James's has remained constant over the past six months, according to Drivers Jonas.

FRANKFURT-GE Capital Real Estate and REIT Asset Management have formed their first-ever joint venture in Germany to buy a portfolio of 25 mainly retail mixed-use properties.

LONDON-Despite the economic downturn and market uncertainty following 11 September, the level of development activity in Mayfair and St James's has remained constant over the past six months, according to Drivers Jonas.

LONDON-Despite the economic downturn and market uncertainty following 11 September, the level of development activity in Mayfair and St James's has remained constant over the past six months, according to Drivers Jonas.