31 Mar 2026

Spain's proposal to impose a 100 per cent tax on property purchases by non-European Union buyers has stalled in Parliament due to lack of political support for the minority government led by Pedro Snchez. The measure, introduced in 2025 to address housing affordability concerns, has yet to be debated formally. Foreign buyers accounted for 20 per cent of residential transactions last year, highlighting their continued role in the market. While the proposal aimed to reduce speculative demand, divisions among coalition partners and opposition parties have delayed progress. Analysts indicate that structural supply shortages, rather than foreign demand alone, remain central to Spain's housing challenges.Read more

31 Mar 2026

UBS has temporarily suspended investor withdrawals from its Euroinvest real estate fund, citing low liquidity and rising redemption requests. The fund, managed in Germany, holds assets worth around EUR 406.8 million (USD 469.4 million). The decision also includes a halt on issuing new shares to prevent further risks to investors. This move reflects a broader trend in global markets, where asset managers are restricting withdrawals due to pressure from increased redemption demands. Similar actions have been seen in private credit funds, especially in the United States.Read more

30 Mar 2026

Woodside Energy has taken over operations of the Beaumont New Ammonia facility in Texas after completing performance testing and handover from OCI Global. The plant, with a capacity of 1.1 million tonnes per year, began ammonia production in December and forms part of Woodside's expansion into lower-carbon energy solutions. However, the production of lower-carbon ammonia is expected only after 2026 due to delays linked to a third-party feedstock facility. The company has already secured several offtake agreements and continues to advance additional sales arrangements aligned with future output.Read more

30 Mar 2026

Hong Kong is preparing to expand its tax relief framework for asset and wealth managers by widening the scope of carried interest exemptions. The proposed changes aim to include private credit, digital assets, and overseas real estate, going beyond the current focus on private equity. This move comes as the city looks to regain its competitive position against global financial hubs like Dubai and Singapore, which have been attracting investment firms with favourable tax regimes. The proposal follows earlier consultations and is expected to be presented to lawmakers soon for approval.Read more

30 Mar 2026

Malaysia-based conglomerate Sunway has received overwhelming shareholder approval for its proposed acquisition of IJM Corp, with 99.97 per cent votes in favour at its annual general meeting held in the past few days. The development signals strong investor confidence in Sunway's expansion strategy, particularly in the infrastructure and construction segments. The deal is expected to strengthen Sunway's position in integrated development and engineering capabilities. The acquisition also reflects a broader trend of consolidation in Malaysia's construction sector, as companies look to scale operations and improve project execution capacity.Read more

30 Mar 2026

Merlin Properties is planning a primary accelerated bookbuild offering of around EUR 770 million, involving approximately 56.3 million shares, representing about 10 per cent of its total share capital. The transaction is being led by a bookrunner and will see key shareholders Banco Santander and Nortia Capital subscribing to a portion worth nearly EUR 255 million. The move is part of the company's broader capital strategy, likely aimed at strengthening its balance sheet and supporting future investments across its commercial real estate portfolio in Spain and Portugal.Read more

30 Mar 2026

Desun Real Estate Investment Services Group Co Ltd has announced that its subsidiary, Chengdu Desun, has secured the bid for a landmark media complex project in Chengdu. The lease for the project is set to run from July 1, 2027 to June 30, 2036, indicating a long-term operational commitment. The development highlights the company's continued expansion in China's commercial real estate and media infrastructure segment. This win strengthens its presence in Chengdu, a key emerging city, and reflects growing institutional interest in integrated media and commercial real estate assets.Read more

30 Mar 2026

Hong Kong-based Fosun International has announced plans to spin off its luxury resort, Atlantis Sanya, and list it on the Shanghai Stock Exchange as a real estate investment trust (REIT). The proposed listing will use the resort as the underlying asset under China's commercial property REIT framework and remains subject to regulatory approvals. The move follows earlier efforts by the group to monetise assets and manage debt, which stood at RMB 222.10 billion as of mid-2025. The Hong Kong Stock Exchange has granted a waiver allowing the spin-off without assured entitlement to existing shareholders, deviating from standard listing norms.Read more

30 Mar 2026

Property for Industry Ltd, a New Zealand-based industrial property investor, has indicated that it is evaluating a potential issuance of 6.5-year senior secured fixed rate bonds. The move is part of the company's broader capital management strategy, which typically includes raising funds through debt instruments to support portfolio expansion and refinancing needs. While the company has not disclosed the size or timing of the proposed offer, such bond issuances are generally used to secure long-term funding at stable interest rates. The development reflects ongoing activity in global real estate debt markets.Read more

29 Mar 2026

Swiss lender UBS has suspended investor withdrawals from its Euroinvest real estate fund for up to three years, citing insufficient liquidity to meet redemption requests. The Germany-based fund, managed by UBS Real Estate GmbH, held assets worth EUR 406.8 million (USD 469.4 million) as of late February. The suspension applies to all redemption requests submitted after the cut-off and is accompanied by a halt on new share issuance. The decision reflects ongoing stress in real estate investment vehicles amid rising withdrawal pressures. Similar restrictions have been observed globally across alternative asset classes, indicating broader liquidity challenges in investment funds.Read more