The UK?s biggest-ever out-of-town office deal could be in danger of unravelling after US computer giant Cisco Systems announced job losses.

The property markets in Europe, the Middle East and Africa are shrugging off the slowdown in the USA and uncertainty in world capital markets, according to new research from CB Hillier Parker.<p>

LONDON-In a move which underlines the trend towards consolidation in the London asset management business, Aberdeen Asset Management has bought the Danish property investment manager Celexa.

J Sainsbury, the UK's number two food retailer, has made a planning application for a 500,000 sq ft office development on the site of its existing headquarters in Stamford Street, London SE1 on the south bank of the Thames.