LONDON-Office availability in Central London has continued to rise in the third quarter of 2002, putting rents under further pressure according to a new survey from DTZ.

LONDON-Parlison Highcross Developments has sold Edinburgh's tallest building, the Exchange Tower, to a group of Danish investors for pounds 21.15 million ($33 million), reflecting a 6.9% initial yield.

LONDON-The troubled financial services group AMP is to float Aberdeen Property Investors, its property asset management business. A London IPO is pencilled in for the first half of 2003.

LONDON-The third quarter of 2002 saw the central London office market still in the doldrums, but a new report from Insignia Richard Ellis identifies the first signs of recovery in the West End office market.

LONDON-Development Securities and Wrenbridge Land have unveiled plans for a new 320,000-sf new R&D phase of development at their Cambourne Business Park near Cambridge.

LONDON-The German food retailer Metro is on the verge of one of Europe's biggest-ever sale & leasebacks with US investors Merrill Lynch and Morgan Stanley vying for the euro 4 billion ($4 billion) deal.

LONDON-Pharmaceuticals group Wyeth has sold its former research and production facility in Dublin to The Zoe Group, one of Dublin's largest apartment builders.

LONDON-Commercial property has now outperformed the other main asset classes over one, five and ten-year timescales, according to a new report from the RICS Foundation.