LONDON-West Midlands Metropolitan Authorities Fund has bought a 12.5% stake in The Fort Shopping Park, Birmingham from British Airways Pension Fund in a pounds 26.5 million ($44 million) part cash, part property swap deal.

LONDON-Hammerson has received planning consent from Merthyr Tydfil County Borough Council in South Wales for a 270,000-sf retail warehouse park.

LONDON-The Capstone Group has sold a prime 4.5 acre site on Junction 4 of the M4 motorway at Heathrow Airport, to Scottish and Newcastle Retail for a new 130-bed Premier Lodge hotel.

LONDON-The Little Venice District is the best-performing residential market in London over the past decade, according to new research from Chesterton Residential.

LONDON-Matrix Securities has set up London's biggest-ever single-asset indirect investment vehicle following its pounds 240 million ($400 million) purchase of the 380,000-sf Alban Gate building on London Wall in the City.

LONDON-At a time when supply is under pressure, demand for out-of-town retail space is still increasing, with a 112% uplift in demand in the past 12 months according to a new survey from Focus.

LONDON-The malaise affecting the London office markets is now spreading to the UK's regional office centres, according to new research from DTZ, Bristol has seen a 79% surge in availability and Newcastle 92%.

LONDON-Demand for commercial property over the past six months fell for the first time in five years, according to a report by the Confederation of British Industry and GVA Grimley. But the report does show an expected pick-up in the market over the second half of this year.