LONDON-The London Stock Exchange has lodged a planning application for the redevelopment of its Old Broad Street site in the City. The Nicholas Grimshaw-designed scheme envisages two low-rise buildings alongside the existing Stock Exchange Tower.

LONDON-New research from the College of Estate Management at Reading University says new technology is loosening the ties that once bound financial services companies to the City of London. Many businesses plan to relocate to cheaper locations, while those that plan to stay will require less office space.

LONDON-New research from the College of Estate Management at Reading University says new technology is loosening the ties that once bound financial services companies to the City of London. Many businesses plan to relocate to cheaper locations, while those that plan to stay will require less office space.

LONDON-Asset management group Catalyst Capital has launched a new small deals fund, The Lothian Fund, in a joint venture with Bank of Scotland Corporate Banking and Tom Hunter's West Coast Capital.

LONDON-Development Securities has signed an agreement with South Cambridgeshire District Council to build a new 64,000-sf council headquarters at its 750,000-sf Cambourne Business Park near Cambridge.

LONDON-Land Securities has sold the Burns Mall Shopping Centre in Kilmarnock, Scotland, to life assurance company Eagle Star for more than Pounds 16.65 million ($26 million).

LONDON-Osprey, the smaller property fund run by Teesland subsidiary Equity Partnerships, has grown to pounds 123 million ($190 million) with two UK institutions injecting new properties in return for units and another buying units for cash.

LONDON-In one of Portugal's biggest investment deals of the year, the Amorim Group and GE Capital Real Estate have sold Entrecampos 28, a landmark building in Lisbon, to the Vision Office Fund.