LONDON-Peel Holdings has applied for planning permission for the UK's biggest indoor snowsports destination on an 11-acre site next to the Trafford Centre in Manchester.

LONDON-The Hercules Unit Trust has sold the Clandeboye Retail Park in Bangor, Northern Ireland, to a private investor for $44 million, reflecting a net initial yield of 6.25%.

LONDON-Specialist distribution development company Helios Properties has formed a £150 million ($275 million)joint venture with Slough Estates to develop large scale distribution parks.

LONDON-Lehman Bros has formed an $82-million joint venture with the Unite Group, the UK's largest provider of student accommodation, for the development and operation of a 1,162-bed student village in Sheffield.

LONDON-Tesco, the UK's biggest retailer, has teamed up with Barratt Developments to buy the 27-acre Battle Hospital site in Reading. Consent exists for 100,000 sf of retail development and 297 new homes.

LONDON-Capital & Regional has bought the 290,000-sf Eastgate Shopping Centre in Gloucester on behalf of the Mall fund. It is paying Catalyst Capital $75 million.

LONDON-GE Real Estate has snapped up specialist West End investor Benchmark in a deal valuing the company at $820 million.

LONDON-At $125 million, Hammerson has won the bidding race to acquire the Stock Exchange Tower in the heart of the City of London. The 1.5-acre site has planning permission for a 490,000-sf office development.