LONDON - Aberdeen Asset Management has followed up its acquisition of Celexa with the #7.3 million purchase of fund manager RREEF from the Dutch property giant RoProperty.

LONDON - European real estate is in a strong position to withstand and impact of a downturn in the USA, claims a new report from DTZ EuroInvest.

ATHENS - The Pradera European Retail Fund has bought the Village Entertainment Park in Athens from TrizecHahn and Village Cinemas International for around Euro 60 million.

LONDON-Skanska, the Anglo-Swedish construction giant, has sold its last two London investment properties at Thomas More Square, E1 and 55 King William Street, EC4 to AXA Sun Life. Both sites are fully let.

LONDON - Ashtenne Holdings has bought a mixed-use portfolio from the drug company Ascot, including industrial estates and USAF housing in East Anglia.

LONDON-Taylor Woodrow has claimed a new record rent for the EC3 district of the City of London, traditionally dominated by the insurance and shipping industries, with new lettings at its 33,500 sf Eastcheap Court redevelopment to insurance broker Chase de Vere and HM Treasury.

LONDON - Criterion Properties, the UK-quoted property company bought out by the Nordstrom family last year, is close to completing its ambition to create a pan-European property portfolio. And it does not expect to face a loss following its dismissal of Managing Director Aubrey Glaser in April 2000.

Paris-based broker Alban Cooper has pulled out of the GVA Worldwide network four years after helping to found the organisation.