Improving market fundamentals and a rise in available capital are helping the global real estate sector as a new cycle begins. Inflation and interest rates are becoming more stable. Property values also appear to be recovering from recent lows, and investment activity is returning in the United States, Europe and Asia Pacific. However, uncertainty linked to deglobalisation, geopolitical tensions and difficult economic conditions still poses a significant challenge for investors. This is according to the Emerging Trends in Real Estate Global Outlook 2026 report from PwC and the Urban Land Institute (ULI). (more…)

Refurbishment projects account for the largest share of the office development pipeline across the UK’s major regional cities, as new build activity remains subdued and occupiers continue to favour high quality, sustainable space. According to new figures from Avison Young, refurbishment schemes now represent the majority of space under construction in the Big Nine regional office markets. The volume of refurbishment space in the pipeline has risen by 12 percent year on year, reflecting a sustained shift towards upgrading existing stock rather than delivering entirely new buildings. (more…)

The UK government says it has secured more than £17 million in annual savings over the past six months by closing three central London office buildings and relocating staff into existing space within the public estate. The most recent closure is 10 Victoria Street, which ministers say will generate around £8.8 million a year in rental savings alone. The building has been vacated as part of a wider programme to reduce reliance on leased properties and consolidate departments into what officials describe as better used government offices. (more…)

A new analysis from JLL claims to highlight how global occupiers are rethinking corporate real estate as a strategic tool for talent, culture and performance rather than treating it purely as a cost. The report identifies five priorities expected to influence workplace strategy in the year ahead, reflecting continued pressure on portfolios alongside rising expectations for employee experience and sustainability. JLL says organisations are increasingly shifting to more flexible “elastic portfolios” as they look to balance cost control with growth. Office utilisation remains well below target levels, prompting a move away from long, fixed leases in favour of portfolios that can expand or contract according to market conditions, workforce needs or new business opportunities. The firm argues that portfolio management is now closer to a continuous process than a periodic exercise.

(more…)

Rotterdam has granted approval for a substantial new office development known as the Schieblocks, a 47,000-square-metre project that is set to become the largest privately built office building currently under construction in the Netherlands. Designed by MVRDV for developer LSI, the scheme occupies a long and narrow site beside the railway line and rises to 61 metres, with commercial uses at ground level and a restaurant and event space on the upper floors. Its form is broken into a series of distinct blocks, each intended to create a more approachable scale and reflect characteristics of the city. (more…)

This week, four real estate projects were named the overall winners of the 2025 Urban Land Institute (ULI) Europe Awards for Excellence from this year’s ten finalists. The winning projects include a social housing project in Milan situated on an abandoned office development site, a new secondary school in Brussels developed in a former brewery, a new flexible life sciences hub in Stockholm, and an acute healthcare facility in Birmingham which is intended as a catalyst for community regeneration. (more…)