LONDON-Atlanta, GA-based law firm King & Spalding has made its first move into the UK, taking 9,396 sf of offices in the City of London in a subletting from fellow US lawyers Cleary Gottlieb Steen & Hamilton.

LONDON-Newport Holdings has added to its portfolio with the pounds 5.6 million ($8.8 million) purchase of Dolphin House in St Helier, Jersey, in the Channel Islands. The 18,654-sf building is leased to NatWest Bank.

LONDON-New research from Jones Lang LaSalle highlights the oversupply of offices in central London. The firm calculates that more than two-thirds of grade A and B space currently on the market is being marketed by occupiers.

LONDON-Kennet Properties, the development arm of Thames Water Property, has formed a joint venture with with ProLogis Developments to build a 270,000-sf speculative warehouse scheme close to the M25 motorway in Edmonton North London.

STOCKHOLM-In one of Sweden's largest lettings this year the retailer Coop Sverige has signed up for 154,150 sf of office space at CLS Holdings' Solna Business Park in Stockholm.

LUXEMBOURG-The $270 million purchase of the Belgian property company Banimmo by the Lend Lease Global Properties fund completes the funds $1.5 billion investment programme in Europe and Asia.

PARIS-Hammerson has agreed lettings totalling 127,000 sf to international occupiers at its two newly completed office developments in central Paris.

MUNICH-Germany is the most popular destination for cross-border retailers, according to new research from Healey & Baker unveiled at the Expo Real property convention in Munich.