retailpropertyanddevelopment.co.uk

LaSalle Investment Management has announced that it has completed the sale of Wey Retail Park, West Byfleet, on behalf of a pension fund client. The sale to ING was agreed at a price of £12.85 million, representing a net initial yield of 5.93 per cent.

Capital Shopping Centres Group has agreed terms on two proposed land deals with the Peel Group.

Property investor Moorfield has bought Didsbury's Tower Business Park in a deal worth £47 million.

BAM Properties has sold the final part of its £37million retail development on Buchanan Street, Glasgow, to a client of La Salle Investment Management (LIM) for £24.5 million reflecting a yield of 5 per cent.

Land Securities has bought St John's Shopping Centre in Preston from Grosvenor for £5.39million.

LXB Retail Properties, the AIM-listed real estate investment company, has announced that it has acquired 118 acres at Corton, South East Ayr from John Lynch (Builders) Ltd.

Friends Life Company has sold the Grosvenor Shopping Centre in Macclesfield to Eskmuir Securities for £20.86million.

Ikea has announced that it has purchased a Scottish wind farm and will spend £4million installing solar panels on the roofs of 10 of its UK stores in a bid to cushion the company against rising energy prices.

Chesterton Humberts has acquired Nottingham-based chartered surveying firm Robert Clarke as part of the ongoing expansion of its commercial team.