LONDON-Strategic Real Estate Advisors has paid Pounds 12.1 million ($19 million) for FISPAM's 13/14 Curzon Street, London W1 at an initial yield of below 5%.

LONDON-Avon Capital Estates, the new vehicle for ex-Saville Gordon MD David Saville, has bought an industrial portfolio in the North East from Capital & Regional and Easter Holdings for Pounds 11.15 million ($17 million).

LONDON-London Merchant Securities has added to its holdings on the northern fringe of the City of London with the Pounds 24.75 million ($38 million) purchase of a portfolio of properties on City Road, London EC1.

LONDON-New research from Focus Auction Guide Analysis underlines the boom in the commercial auctions market. The researchers calculate that the value of all commercial lots sold in the UK at auction rose by 24.6% to Pounds 699 million ($1.08 billion) during the first six months of 2002.

LONDON-Irish investor Dunloe Ewart and British Land have unwound the joint venture that is developing the 413-acre Cherrywood site south of Dublin. Dunloe Ewart has paid British Land 63.85 million ($62 million) for its 50% stake in the company.

LONDON-Hilton Group has concluded a Pounds 335.7 million ($520 million) sale and leaseback of ten UK hotels, totalling 2,043 rooms, to a new limited partnership set up by Rotch Farnsworth and the Bank of Scotland.

LONDON-Defence Estates, the property arm of the Ministry of Defence, has sold the 193-acre Queen Elizabeth II Barracks site in Church Crookham, Fleet, Hampshire to Bryant Homes. Bryant plans to build 1000 homes as part of a new community.

LONDON-Hammerson, one of Europe's biggest owners of town centre shopping malls, has moved into the out-of-town retail sector with the Pounds 57.7 million ($88 million) of the Fforest-fach Retail Park in Swansea, South Wales.