LONDON-Pillar Property and Capital & Regional, the UK's top two out-of-town retail developers,have agreed to sell the Glasgow Fort shopping park to the Hercules Unit Trust for £194.7 million ($350 million).

LONDON-Countryside Properties and Bank of Scotland Corporate Banking have unveiled a $220-million joint venture for the development of large-scale mixed-use, mixed-tenure projects.

LONDON-Great Portland Estates has increased its focus on central London offices with the pounds 23 million ($42 million) sale of the Sol Central leisure complex in Northampton to O&H Properties.

LONDON-Capital & Counties, the office investment arm of Liberty International, pays $22 million for 29,500 sf of retail and office space at 65/75 Kingsway here.

LONDON-Capital & Regional has merged the three leisure funds it took over from Marylebone Warwick Balfour and, with the backing of key shareholder Hermes, it has set up a new leisure vehicle, the $900-million X-Leisure fund.

LONDON-The London Borough of Tower Hamlets has given the green light to the UK's second-highest building, the 63-story Columbus Tower near Canary Wharf in London Docklands.

LONDON-More than 390 private investors have clubbed together to buy a 50% interest in the 840,000-sf Brindleyplace development in Birmingham, valuing the estate at $580 million.

LONDON-Warner Estate and Bank of Scotland's Agora shopping centres fund has received planning permission to refurbish and extend its Middleton Shopping Centre in Greater Manchester.