_Economy and Finance

British Land Invests £470 million in Paddington Central Attractive West End Estate with Development Potential British Land is pleased to announce that it has acquired assets comprising the majority of Paddington Central, a 1.2 million sq ft office-led, mixed use estate close to Paddington station in London’s West End. The investment offers an attractive blend of income and capital return, with major development potential and significant future opportunity to improve the estate through asset management. On completion of the developments, British Land will own 1.0 million sq ft of a 1.6 million sq ft estate. http://www.britishland.com/media/news/2013/05-07-2013.aspx

PRIME YIELDS STABILISE AND INVESTMENT ACTIVITY INCREASES AS 2012 CLOSES 24 Jan, 2013, London The UK property investment market in 2012 ended on a stronger note than many expected - yields stabilised and investment activity increased in the closing months of the year, according to a report by Cushman & Wakefield. Cushman & Wakefield projects forecast activity for 2013 will hit £35.5 billion, 7.5 per cent ahead of 2012. http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57700005p&Country=GB