Newsline

Knight Frank has been appointed by Shell, the international energy company, as its sole provider for real estate transactions, valuations and advisory services across the firm’s global real estate portfolio under a five-year mandate.

Oxford Properties Group, the global real estate investor, developer and manager owned by OMERS, on behalf of a joint venture with Hines, one of the world’s largest privately owned real estate investors, has secured approval from the City of London for the firm’s planned redevelopment of King Edward Court in Paternoster Square.

Border to Coast Pensions Partnership, the largest U.K. Local Government Pension Scheme (LGPS) pool, has exchanged on the forward funding of 139 single-family rental homes at Springstead Village, Cambridge.

Newcore Capital, a U.K. investment manager specializing in social infrastructure, has achieved a second close for its £375 million ($513 million) core-plus income fund, bringing total commitments to more than £100 million ($137 million).

Deka Immobilien has acquired the five-star Andaz Vienna Am Belvedere hotel for approximately $92 million.

After several years of repricing, European real estate is no longer defined by historical benchmarks or headline cap rates, but by whether assets can sustain their capital structures and generate durable cash flow in a higher-rate, lower-growth environment. Price dispersion across sectors and markets is at or near record levels, creating a landscape where broad averages offer little insight and outcomes are increasingly determined at the asset level. In an IREI interview, Paul Brennan, a partner and co-head of Real Estate at King Street Capital Management, explains why today’s opportunity set lies in situations where high-quality assets face refinancing pressure despite resilient fundamentals, and how a focus on all-in basis, downside coverage, and structural seniority is shaping a more defensive, income-oriented approach to capturing asymmetric, risk-adjusted returns across European hospitality, student housing, and other supply-constrained sectors.

Tokoro Capital, together with their vertically integrated student management business, Homie, and GCM Grosvenor, have established a long-term strategic partnership targeting U.K. student housing assets.

U.S. office vacancy projections remain virtually unchanged in a revised forecast from CoStar.

PATRIZIA has appointed Gus Wiseman as director, U.K. product, based in London.

ULI Europe has published a new Asset Sustainability Committees Best Practice Guide through its C Change program to support collaboration between owners, occupiers and property managers in decarbonizing multi-let commercial buildings.

Steel Peak Properties, a Southern California–based commercial real estate investment firm focused on industrial outdoor storage (IOS), has formed a new joint venture with Tarsadia Investments.

Logistics rents across Asia Pacific rose 0.2 percent in 2025, with the second half of the year posting a 0.3 percent increase, according to Knight Frank’s Asia Pacific H2 2025 Logistics Highlight. 

Clarion Partners announced that Tripp Braillard, senior vice president, head of defined contribution distribution, has been appointed co-president of the Defined Contribution Real Estate Council (DCREC), a national organization dedicated to advancing the role of direct real estate in defined contribution (DC) retirement plans.

The post-retail environment has reshaped the opportunity set for health care real estate. As retail vacancy has increased, health care providers have gained access to well-located spaces with strong parking, visibility and ease of access — qualities that are increasingly central to patient care and operations. A pricing gap between medical office and net-lease retail has created a compelling investment opportunity in health care real estate. Daniel Eisenstadt, founder and CEO of Terramed Real Estate Solutions, in an interview with IREI, says the trend toward better-equipped, conveniently located, single-tenant health care facilities will grow, reflecting how people live today and their demand for accessibility and expanded hours. At the same time, persistent shortages of doctors, veterinarians, nurses and technicians are shaping real estate decisions, as clinicians increasingly seek environments that allow them to deliver care at the highest level. Older, retrofitted office buildings are often less attractive to in-demand health care workers, accelerating the shift toward modern, purpose-built, or well-converted spaces. Together, evolving patient expectations and workforce constraints are pushing the market toward high-quality, thoughtfully designed health care facilities.

Real estate private markets have never been more sophisticated, more global or more central to institutional portfolios than they are today. Yet for all their growth and maturity, the private markets still struggles with something remarkably basic: clarity. In an environment where billions of dollars hinge on performance reporting, valuation practices, and investor communication, the absence of shared standards creates friction, confusion, and unnecessary cost.

IOI Properties Group (IOIPG) has signed an agreement to sell three plots of land at its IOI Industrial Park @ Banting for RM740.68 million ($187.7 million) recently to Bain Capital-backed Bridge Data Centers (BDC), according to a LinkedIn post.

Mitsubishi Estate Asia has plans to sell its 49.9 percent interest in the Stockland Residential Rental Partnership.

Barings has acquired a fully leased office building in the center of Paris, on behalf of a European core real estate strategy. The vendor is a French institutional investor.

Fannie Mae has provided approximately $74 billion in financing to support the U.S. multifamily housing market in 2025, a year-over-year increase of 34 percent compared with $55 billion in 2024 and the company's largest annual multifamily volume since 2020.

Affinius Capital has closed its first loan under its newly launched European debt platform.