LONDON-Security Capital has sold Akeler, its European business park development operation, to Lend Lease. Akeler's portfolio consists of 13 parks in the UK, Germany and Portugal totalling 1.3 million sf and a further 2.9 million sf in the development pipeline.

LONDON-Marylebone Warwick Balfour Group has continued the phased liquidation of its property portfolio with the Pounds 20 million ($31 million) sale of a 3.5-acre residential development site at Royal Victoria Docks in east London to the housebuilder Barratt Developments.

LONDON-New research from CB Richard Ellis shows that prime office rents across the European Union fell by 2% in the second quarter of 2002 alone, with Spanish and German centres suffering the most.

LONDON-New research from CB Richard Ellis shows that prime office rents across the European Union fell by 2% in the second quarter of 2002 alone, with Spanish and German centres suffering the most.

LONDON-Asticus, part of the Swedish IVG Group, has completed the refurbishment of its 61,113-sf landmark offices at 20 Soho Square, London W1. The biggest project completed in Soho this year will be a test of the central London office market.

LONDON-Wilson Bowden City Homes has announced has acquired Castlegate, one of the most sought after sites overlooking the exclusive Castlefield area in Manchester's city centre, from Peel Holdings. It plans to convert the building into 84 apartments.

LONDON-AIM-listed developer and trader Halladale Group has sold four properties out of the Henderson Global Investors' Opportunity Fund portfolio which it bought earlier this year.

LONDON-New research from Cushman & Wakefield Healey & Baker underlines the growing divergence betweeen the boom in investment activity and the depressed occupational market.