09 Dec 2025

China Vanke has asked bondholders to approve repayment extensions on two onshore bonds-one worth 3.7 billion yuan due on December 28 and another 2 billion yuan bond maturing on December 15. For the latter, Vanke is also proposing added credit enhancements, possibly including a full guarantee from major shareholder Shenzhen Metro. The developer will not redeem an onshore bond due in January 2028 and will keep its 3.98% coupon unchanged. Vanke has also stopped using two major Chinese rating agencies for assessments. The moves come amid fresh downgrades by S&P and Fitch and reflect the liquidity pressures facing China's property sector as developers seek to manage repayments and preserve cash.Read more

09 Dec 2025

SLP has taken over the fourth and final asset under its sale-and-leaseback arrangement with DSV, marking the completion of a multi-asset transaction between the two companies. The property, valued at SEK 1.1 billion, concludes a deal that has been progressing in phases over recent months. The agreement allows DSV to continue operating from the site while unlocking capital through the sale. Sale-and-leaseback structures have been a common strategy for logistics companies in Europe, helping them optimise capital and facility usage. This development marks the final step in SLP's planned acquisition sequence under the deal.Read more

08 Dec 2025

Visa will relocate its European headquarters to Canary Wharf in London, leasing 300,000 square feet at One Canada Square for a 15-year term and moving from Paddington by summer 2028. The financial district, recovering from pandemic-related declines in office demand, is attracting global companies once again. Canary Wharf Group emphasized Visa's choice as a positive step for business growth. This development coincides with other major projects, including JPMorgan Chase's new tower and plans by Qatar's sovereign wealth fund to expand office space in East London, highlighting the district's ongoing revival.Read more

08 Dec 2025

Stor-Age Property REIT Ltd completed an equity raise of R500 million, with subscriptions exceeding the offer threefold, showing strong market demand. The raise is aimed at supporting the REIT's expansion plans and investment in storage-focused property assets. Market experts view the oversubscription as a sign of confidence in South Africa's REIT sector, particularly in specialized real estate segments. The funds will strengthen the company's balance sheet, enable property acquisitions, and enhance existing assets, positioning Stor-Age to deliver steady returns and expand its portfolio in strategic locations while continuing to focus on long-term shareholder value.Read more

08 Dec 2025

President Donald Trump has appointed architect Shalom Baranes to lead the 300 million USD White House ballroom project, replacing James McCrery, who will remain as a consultant. The change follows reported disagreements over the size and design of the ballroom. The planned 90,000-square-foot addition, the largest construction at the White House in decades, has drawn criticism from preservationists and experts. The East Wing was recently demolished to make way for the project. The proposal will eventually be reviewed by the National Capital Planning Commission.Read more

08 Dec 2025

Ocado is set to receive a one-off USD 350 million payment from Kroger after the U.S. retailer decided to close three robotic warehouses and cancel plans for another site. While closures will reduce Ocado's fee revenue in fiscal 2026 by about USD 50 million, the company remains focused on expanding its automation technology and turning cash-flow positive next year. One planned warehouse in Phoenix will continue with new technology. The deal highlights the ongoing importance of Ocado's automation solutions in the U.S. grocery market despite strategic changes by Kroger.Read more

08 Dec 2025

Toronto home sales fell to a five-month low in November, with prices also seeing a modest decline, as economic uncertainty kept buyers cautious. Seasonally adjusted sales dropped 0.6% to 5,620 units, and the home price index fell 0.4% month-over-month to C$971,100 (USD 694,536). Yearly figures show a 15.8% drop in sales and a 5.8% decline in prices. The Bank of Canada's recent interest rate cuts aim to support the economy, but long-term employment confidence remains a key factor influencing housing activity.Read more

07 Dec 2025

UltraGreen.ai, a medical imaging company from Singapore, saw its shares jump 8% on debut after raising USD 400 million in the city's largest non-REIT IPO since 2017. The funds will support product development, acquisitions, and global expansion. Its rise highlights investor confidence in Singapore's stock market, especially as the country implements reforms to encourage listings, including easier dual listings and modernized trading systems. The company's entry marks a significant milestone in Singapore's IPO landscape, making it the third-largest offering on the exchange this year.Read more

07 Dec 2025

Ferrovial is exploring more opportunities at US airports as work advances on its USD 9.5-billion New Terminal One project at New York's JFK Airport. CEO Ignacio Madridejos told the Reuters NEXT conference that, despite softer demand expected in 2025 due to inflation and policy uncertainty under President Donald Trump, the company remains confident in long-term air travel growth. The JFK terminal will open in phases from 2026, and Ferrovial sees New York as a uniquely strong market. Its highways division also posted a 14% revenue rise to EUR 1 billion in the first nine months of 2025. Madridejos said public-private partnerships will continue driving US infrastructure development.Read more

07 Dec 2025

Portugal will fast-track its public housing programme and now plans to build 150,000 new homes by 2030, a major increase from the earlier target of about 59,000. The EUR 9-billion initiative aims to support low-income households struggling with soaring property prices and rents. Funding will come from EU recovery funds, the national budget and European Investment Bank loans. With public housing making up only 2% of Portugal's six-million home stock-one of the lowest shares in Europe-the government is also offering incentives for private landlords, including a reduced 10% rental income tax for lower rents. The move comes amid severe shortages, especially in Lisbon, where prices have surged dramatically.Read more