16 Jun 2026

Kimco Realty OP, LLC has priced an upsized private offering of USD 525 million in 3.5% exchangeable senior notes due in 2031, increasing the size of the offering from the initially proposed USD 500 million. The offering is expected to strengthen the company's capital position and support corporate requirements, including debt management and potential investments. The notes will carry a 3.5% annual interest rate and are backed by a senior unsecured guarantee from Kimco Realty Corporation. The move comes as the retail-focused REIT continues to manage its balance sheet and pursue growth opportunities across its portfolio.Read more

16 Jun 2026

S&P Global has flagged real estate overvaluation as an emerging risk for Hungary’s banking sector after a sustained surge in property prices over recent years. House prices in the country have more than tripled since 2015, marking the fastest growth rate in the European Union. Analysts noted that government-backed housing schemes, including low-interest mortgage support, have pushed borrowing levels higher and increased loan-to-value ratios. While no immediate housing crash is expected, concerns remain that weaker economic growth or wage slowdowns could expose vulnerabilities in bank asset quality.Read more

16 Jun 2026

Italian authorities have uncovered a major tax credit fraud linked to the country's former Superbonus home renovation incentive programme, leading to the seizure of more than EUR 560 million in tax credits. Investigators found that a criminal network allegedly used dozens of mostly fictitious companies to create credits for construction work that was never carried out. The probe involves redevelopment projects across multiple residential buildings and has led to investigations against 12 individuals for suspected fraud and money laundering. The case has once again drawn attention to the financial impact of Italy's costly Superbonus scheme.Read more

16 Jun 2026

Yadong Group has announced that its subsidiary, Amazing Ecotech, has entered into a construction agreement for a manufacturing facility in Vietnam. The contract is valued at HKD 179.8 million and marks a significant step in the company's plans to strengthen its production capabilities in Southeast Asia. The development reflects the growing trend of companies expanding manufacturing operations beyond China to diversify supply chains and support future business growth. The project is expected to support Amazing Ecotech’s operational expansion and enhance its manufacturing infrastructure in the region.Read more

16 Jun 2026

The United States and Canada have postponed the opening of the USD 4.7 billion Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, despite the project being ready for launch. The delay comes after concerns raised by the Trump administration, although officials from both countries have not publicly detailed the outstanding issues. The bridge, financed by Canada and under construction since 2018, is expected to improve cross-border trade, reduce truck congestion, and lower transportation costs. Discussions between the two governments are ongoing as they work towards resolving remaining concerns before opening the crossing.Read more

16 Jun 2026

Kenya has awarded a USD 2.9 billion contract to China Communications Construction Co (CCCC) for the expansion and modernisation of Nairobi's Jomo Kenyatta International Airport (JKIA), reviving a major infrastructure project nearly two years after a proposed agreement with the Adani Group was cancelled. The project, which forms part of a long-term airport development strategy extending to 2045, will include upgrades to runways, passenger terminals, aircraft parking areas, access roads and support infrastructure. The contract value is significantly higher than the approximately USD 2 billion airport concession previously proposed by Adani. The development follows Kenya's decision to adopt a new procurement and financing framework after political opposition and legal challenges led to the termination of the earlier proposal in 2024.Read more

15 Jun 2026

DigiCo Infrastructure REIT has entered into a conditional agreement to divest its LAX1 and LAX2 sites, marking a strategic move in its asset portfolio management. While the company has not disclosed financial details of the transaction, it has reaffirmed its FY26 underlying EBITDA guidance of AUD 125 million, indicating confidence in its operating performance despite the planned asset sale. The announcement comes as infrastructure and data centre-focused REITs continue to optimise their portfolios to support growth, capital allocation strategies and long-term operational efficiency.Read more

15 Jun 2026

Australian real estate investment manager Qualitas has agreed to acquire the investment management business of UK-based Starz Real Estate, marking a strategic expansion of its presence in international real estate markets. The transaction is expected to strengthen Qualitas' investment management platform by adding Starz Real Estate’s expertise and portfolio capabilities. While financial details of the deal were not disclosed, the acquisition reflects continued consolidation within the real estate investment management sector as firms seek to expand their geographic reach and diversify their investment offerings.Read more

15 Jun 2026

EQT Real Estate has expanded its industrial real estate presence in the United States through the acquisition of a logistics portfolio spanning 2.4 million square feet across key markets in the Southeast region. The deal strengthens the company's exposure to one of the country's major logistics and distribution corridors, where demand for warehouse and industrial space has remained supported by e-commerce growth, supply chain diversification and population growth. The acquisition aligns with EQT Real Estate's strategy of investing in large-scale logistics assets in markets with strong long-term fundamentals.Read more

15 Jun 2026

Britain’s housing market continued to face pressure in the past month, with buyer demand, sales activity and house prices remaining subdued, according to a survey by the Royal Institution of Chartered Surveyors (RICS). While there were early signs that buyer interest may be stabilising, concerns over potential interest rate increases continue to weigh on market sentiment. The rental sector also showed signs of strain, as landlords reduced the number of properties available for rent following the introduction of new tenant protection measures. At the same time, tenant demand strengthened, adding further pressure to rental prices.Read more