Three positive S&P Global PMI indicators in May - the manufacturing sector rose to 51.2, up from 49.1 in April and its highest level since July 2022; the seasonally adjusted Global UK Services Business Activity Index recorded 52.9, a slight fall from the April 11-month high of 55.0 but signalling a sustained expansion across UK services; the construction sector rose to 54.7, up from 53.0 in April.

Morningstar DBRS report that almost £3bn of the European real estate loans are unlikely to be refinanced because of current conditions in the lending market.

LBBW and Delancey have provided about £235m in debt to refinance CBRE Investment Management, Arax Properties and King Street Real Estate’s 280 Bishopsgate.

Cain International aims to build a portfolio of over 10,000 student beds across Europe in the next five years.

Host Student Housing has secured £85m in forward funding, reported to be from Corebridge Financial, for a 447-bed student scheme on Avon Street in Bristol.

Hawkstone Properties Inc has received planning consent for 384 BTR flats on a former gasworks site in the Southampton.

Wavensmere Homes is seeking offers over £60m for a portfolio of 262 single-family houses located across several cities in the Midlands.

ALARA INVESTMENTS LIMITED is partnering with developer Zephyr X Developments to redevelop a Milton Keynes office into a 381-unit BTR scheme.

Labour proposals for the Great British Energy company to invest in clean and renewable energy is central to its plans to almost entirely remove fossil fuels from UK electricity production by 2030. This ambitious plan would require solar and onshore wind generating capacity to roughly double. It will also require a vast upgrade and expansion of grid infrastructure. Realistic?

Mark Charlton – Real Estate Research Consultant at Waypoint