LONDON-Analytical Properties, the joint venture between London & Associated Properties and Bank of Scotland, has bought the 350,000-sf Church Square Shopping Centre in St Helens, Lancashire, from The Oldham Estate Company for pounds 50 million ($80 million).

LONDON-Hermes has sold the 73,171-sf Building 420 at Thames Valley Park in Reading, Berkshire, to Gulf Finance House for pounds 25.44 million ($42 million), representing an initial yield of 7.2%.

LONDON-A charity which has been investing in property since the 16th Century has made its first-ever purchase outside London, with the pounds 11 million acquisition of the Wincheap Retail Park in Canterbury, Kent.

LONDON-New research from Jones Lang LaSalle Hotels highlights a significant increase in the number of new hotels under development in Europe. And many new properties are located in markets that are already seeing falling occupancy levels.

LONDON-Mohammad Jafari-Fini's bid for troubled property consultancy Chesterton has gone unconditional. His first move has been to bring in ex-Insignia director Ted Webster to head the commercial division.

LONDON-Deutsche Property Ventures Fund No 1, managed by Deutsche Property Asset Management, has sold the freehold investment of Phase 3, Corby Eurohub, Corby, Northamptonshire to a private investor for pounds 11 million.

LONDON-BAA Lynton, the commercial property division of airport operator BAA, has appointed Insignia Hotels to advise on the selection of an operator for its new 600-bedroom four star-plus hotel at Terminal 5, Heathrow Airport.

LONDON-BAA Lynton, the commercial property division of airport operator BAA, has appointed Insignia Hotels to advise on the selection of an operator for its new 600-bedroom four star-plus hotel at Terminal 5, Heathrow Airport.