LONDON-Morgan Stanley has taken an assignment of the lease on a 246,000-sf warehouse building on Brixton's Heathrow Corporate Park near Heathrow Airport, agreeing a rent of pounds 12.50 ($20) per sf.

LONDON-Business park developer Arlington Securities has received outline planning consent to re-develop a former British Aerospace site in Stevenage, Hertfordshire, into a 382,000-sf business park.

LONDON-Shopping malls continue to be the most sought-after UK property category, with investment turnover soaring to Pounds 792 million ($1.25 billion) in the third quarter of 2002.

LONDON-Nicholson Estates and Sainsbury's Property Company have been selected six-acre East Street regeneration project in Farnham, Surrey. They pland a 243,000-sq retail-led scheme.

LONDON-Central London residential rents are plummeting according to FPDSavills, with values down 16% in the past year. But the agents conclude that over the longer term demographic changes and planning restrictions mean housing will remain in short supply.

LONDON-Shopping malls continue to be the most sought-after UK property category, with investment turnover soaring to Pounds 792 million ($1.25 billion) in the third quarter of 2002.

LONDON-Reflecting the continuing strength of the German open-ended property funds, the SEB ImmoInvest fund managed by SEB Immobilien-Investment has bought its first property in Spain, the 180,000-sf El Mirador shopping centre in Cuenca.

LONDON-Liberty International has bought out its partners in the 956,000-sf Victoria shopping centre in Nottingham, paying pounds 204 million ($318 million) for the 80 per cent interest in the scheme it did not already own.