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Your Money : Tax Breaks For Underwater Homeowners

About 11 million U.S. homeowners owe more than their homes are worth, according to real estate data firm CoreLogic, and while taxes may not be the first thing they think about in deciding what to do, all the various options have tax consequences.

ProLogis European Properties : PEPR sells Polish and German Portfolios For EUR71.8 million

ProLogis European Properties (Euronext: PEPR), one of Europe's largest owners of modern distribution facilities, announces today that it has sold eight logistics assets across Poland and Germany for a total of EUR71.8 million. Net proceeds from the sale will be used to further deleverage the business.

Hammerson Scuppers Westfield Plans for London Mega Mall

Anglo-French developer Hammerson has beaten Westfield Group in a race to redevelop an ageing south London shopping centre, derailing the Australian giant's plans to build its third mega mall in the UK capital.