LONDON-The deal to sell Canary Wharf looks to have unravelled with the company's independent directors rejecting both Morgan Stanley's bid and an improved offer from Brascan. And chairman Paul Reichmann has stepped down while he tries to form a bid consortium of his own.

LONDON-The London Development Agency has announced its preferred locations for the key venues for the London 2012 Olympic Games. Early plans have redesigned to house the games on a 500-acre campus in Stratford, east London.

LONDON-MCV has acquired the long-leasehold interest of a portfolio of office properties in the Hagley Road area of Birmingham from Chelsfield for pounds 20 million ($34 million) to show an initial yield of 8.75%.

LONDON-Halladale Group has disposed of two retail units in Woodley, Reading to a private investor for pounds 8.11 million ($13.5 million). The price reflects a net initial yield 5.97%.

LONDON-Four developers have been shortlisted by the London Development Agency for the 500,000-sf redevelopment of a major eight-acre site next to the Lewisham Shopping Centre in Lewisham, south-east London.

LONDON-Ballymore Properties and Mountbrook Homes have launched Ireland's largest shopping centre outside of Dublin--the 345,000-sf White Water Shopping Centre in Newbridge, County Kildare.

LONDON-Halladale Group has sold the long leasehold interest in the Main Street Shopping Centre in Barrhead, Scotland for pounds 5.5 million ($9 million). The price reflects an initial yield of 7.75%.

LONDON-Hampton Trust has raised just over pounds 3 million ($5 million) from the sale of a 30,000-sf office building in Merthyr Tydfil, South Wales. The deal shows an initial yield of 6.9%.