LONDON-Westfield Shoppingtowns has been given the go-ahead for the first of its UK projects, with a 625,000-sf extension to the Eagle centre in Derby.

LONDON-Take-up in the central London office markets improved slightly in the second quarter of 2002 from 2.0 to 2.7 million sf, but the total for the first half of the year is still massively down on the same period last year, according to research from Insignia Richard Ellis.

LONDON-Credit Suisse Property Investment Management has bought one of Reading's prime investment properties. St Mary's House, 75/ 76 Broad Street, Reading has been acquired from Allied London Properties.

LONDON-Property returns are improving at a time when other investment media are causing investors concern, new research from JLL and Insignia has found.

LONDON-Parkfield Projects has won planning consent to complete the development of its Drake Business Park on Drakehouse Crescent, Mosborough, Sheffield, South Yorkshire, with another 30,000 sf of office units.

LONDON-The depth of the downturn in the Thames Valley is underlined by two new reports on the depressed state of the regional office market.

LONDON-Property returns are improving at a time when other investment media are causing investors concern, new research from JLL and Insignia has found.

LONDON-Outlet mall operator Freeport has overcome the final hurdle, with architectural consent for its million-sf scheme at Alcochete, on the outskirts of Lisbon, Portugal. Construction will begin in mid-August 2002, with completion in late 2003.