LONDON-The UK residential property ,market is continuing to slow, according to the latest survey of RICS members. Availability is now at the highest level for almost three years, although there signs that the market is stabilising in London and the South East of England.

LONDON-Investment activity in the shopping centre sector fell 64% between the first and second quarters of 2003, according to a new survey from DTZ. But the agent says this is just the 'lull before the storm'.

LONDON-The National Assembly for Wales has given the green light to proposals by Land Securities and Capital Shopping Centres for the 750,000-sf St David's 2 development in Cardiff city centre.

LONDON-Hammerson has sold its leasehold interest in the 333,000-sf Merseyway Shopping Centre, Stockport, Manchester, to a private property company to raise pounds 128 million ($200 million).

LONDON-Land Securities has raised pounds 140 million ($223 million) with the sale of its landmark Grand Buildings on Trafalgar Square, London WC2 to Noriba Bank, a member of the UBS Group.

LONDON-St Modwen Properties has sold the second phase of its Castle Walk shopping scheme in Newcastle-under-Lyme, Manchester, to the Atmore Group for pounds 13.2 million ($21 million).

LONDON-Pre-lettings are rare in the current West London office market but BMRB, part of the WPP advertising group, has agreed to take HBG Properties' 45,000-sf Ealing Gateway building 18 months ahead of completion.

LONDON-Terrace Hill Developments has achieved detailed planning consent for its 91,000-sf Temple Circus office development in Bristol city centre. Construction is due to start during the first quarter of 2004 with completion scheduled for September 2005.