26 Jun 2026

Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.Read more

26 Jun 2026

Kenya has signed a KES 154.2 billion (USD 1.2 billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport in Nairobi, marking a major step in the country's aviation infrastructure plans. The project aims to increase the airport's annual passenger handling capacity from 7.5 million to 22 million passengers through the construction of a new terminal and upgrades to existing facilities. The development comes after Kenya scrapped a previous airport expansion agreement with India's Adani Group last year and is part of the country's broader strategy to strengthen its position as a leading aviation hub in East Africa.Read more

26 Jun 2026

The US House of Representatives has approved a bipartisan housing bill designed to increase the supply of affordable homes and improve access to housing finance, sending the legislation to President Donald Trump for final approval. The measure, which received strong support in both chambers of Congress, seeks to reduce barriers to housing development, streamline regulatory processes, and expand lending opportunities for lower-income buyers. Lawmakers from both parties have described the legislation as a rare example of bipartisan cooperation at a time when housing affordability remains a major concern for millions of Americans.Read more

26 Jun 2026

London's stock markets saw support from real estate stocks as warehouse landlord Segro rejected a USD 16.6 billion takeover proposal from U.S.-based logistics real estate company Prologis. The move triggered a strong rally in property-related shares, with Segro emerging as the top performer on the FTSE 100. Gains across real estate investment trusts and developers helped lift the FTSE 250 index, while investors also monitored developments in UK politics and expectations around future interest rate decisions. Strong corporate updates from Liontrust, Berkeley Group and Primary Health Properties further supported market sentiment.Read more

26 Jun 2026

The US Supreme Court has ruled in favour of ExxonMobil in a long-running dispute over assets seized by Cuba following the 1959 revolution, making it easier for American companies to seek compensation under the Helms-Burton Act. The court held that Cuban state-owned entities cannot rely on sovereign immunity protections in such cases. The decision removes a major legal hurdle in Exxon's claim, now valued at more than USD 1 billion, and could influence several other lawsuits filed by US companies seeking compensation for property confiscated by the Cuban government decades ago.Read more

26 Jun 2026

Schroder European Real Estate Investment Trust (REIT) has proposed a managed wind-down of its business and a phased return of capital to shareholders after reporting a decline in net asset value (NAV) and lower earnings for the first half of the year. The company said unrealised losses from property revaluations affected its portfolio value despite maintaining high occupancy levels and strong rent collection. Lease extensions at key assets supported valuations in some markets, while tenant departures at certain properties impacted income and asset values. Subject to shareholder approval, the wind-down process is expected to take two to three years.Read more

26 Jun 2026

UK homebuilder Berkeley Group has called for changes to tax and regulatory policies after reporting a 15% decline in annual pre-tax profit. The company said ongoing economic uncertainty, higher borrowing costs and planning-related challenges are affecting housing delivery, particularly in London, where supply remains significantly below demand. Berkeley maintained its long-term profit outlook despite market pressures and political uncertainty in the UK. The developer also urged policymakers to reduce barriers that delay housing projects and reconsider stamp duty levels to support demand, investment and housing construction across the country.Read more

25 Jun 2026

Primary Health Properties (PHP) is in advanced discussions with an investor regarding a potential joint venture involving its private hospital assets in the UK. The healthcare-focused real estate investment trust (REIT) said the talks are ongoing and there is no certainty that a transaction will be completed or what terms it may involve. The move is part of PHP’s broader effort to unlock long-term value from its private hospital portfolio. The company, which completed its merger with Assura in 2025, currently manages a property portfolio worth around GBP 6 billion across the UK and Ireland.Read more

25 Jun 2026

Chinese property developer Shimao Group has confirmed that lenders have taken control of its Sheraton and Four Points by Sheraton hotels near Hong Kong International Airport and have initiated a sale process for the assets. The move comes after the company completed a USD 11.5 billion offshore debt restructuring last year. Receivers appointed by lenders have engaged Savills to conduct a tender sale, which is expected to conclude by the end of August. Sources said the hotels are being marketed for at least HKD 3 billion against an outstanding loan of nearly HKD 5 billion tied to the properties.Read more

25 Jun 2026

Public Storage has announced its entry into the Canadian market through the acquisition of Public Storage Canada in a stock-and-cash transaction valued at approximately USD 1.2 billion. The deal brings together two businesses operating under the same brand but managed separately for years. The acquisition follows the company's recent agreement to acquire National Storage Affiliates and reflects a broader consolidation trend across the self-storage industry. The transaction will strengthen Public Storage's North American presence while providing access to a growing Canadian self-storage market. The deal is expected to be completed in the second half of 2026.Read more