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CoStar World News for April 23

Delayed bookings part of World Cup lead-up; Huawei eyes sale of UK data center site; German property industry focuses more on infrastructure
Hoteliers in Mexico and Canada say they are seeing small booking windows for the World Cup. (Photo by Elizabeth Ruiz Ruiz/Getty Images)
Hoteliers in Mexico and Canada say they are seeing small booking windows for the World Cup. (Photo by Elizabeth Ruiz Ruiz/Getty Images)
By CoStar News Staff
April 22, 2026 | 4:27 P.M.

1. Mexico: Delayed bookings part of World Cup lead-up

Hoteliers in Mexico's 2026 FIFA World Cup host cities are feeling pains similar to their U.S. and Canadian counterparts — generally lower-than-anticipated hotel demand on the books, with the tournament set to begin in less than two months. Some of the same factors plaguing the tournament's outlook in the United States — a much shorter booking window than anticipated and geopolitical conflicts raising prices worldwide — also are creating problems for its neighboring host countries. Beyond those universal concerns, Mexico and Canada each have their own opportunities and challenges when it comes to attracting fans for the big event this summer.

2. UK: Huawei eyes sale of Cambridge data center site

Chinese technology giant Huawei has put up for sale a major 513-acre Cambridge industrial, life sciences, residential and data centre development opportunity where it had been proposing to build a £1 billion research centre. Knight Frank has been appointed on Cambridge Campus, a property expected to sell for more than £65 million, and said the site provides the opportunity to develop the United Kingdom's largest data centre facility.

3. Germany: Infrastructure plays wider property role

Expo Real, the German property industry's leading trade show, is expanding its scope to include infrastructure such as airports, ports and renewable energy. While they have been addressed selectively in the past, growing interest among investors and developers has led to an expanded scope, according to organizers in Munich, where Expo Real takes place each October. Those in the industry signal that infrastructure is becoming increasingly important for both buildings and immediate surroundings.

4. France: Venture buys the Pullman Paris Tour Eiffel

Two years after acquiring the Pullman Paris Tour Eiffel hotel from Amundi Immobilier for €330 million, Morgan Stanley Real Estate Investing sold the 435-room property to a joint venture comprising Batipart Europe, CDC Investissement Immobilier, Societe Generale Assurances and QuinSpark for a reported price of about €430 million, or $504 million. To carry out the deal, Batipart Europe, through its hotel investment vehicle Anama, formed an investment group with CDC Investissement Immobilier, Société Générale Assurances, and QuinSpark, and will act as strategic asset manager. QuinSpark increased its stake and continues to serve as operating partner. Operational management of the property remains with the Accor Group.

5. Canada: After planned office cuts, Ottawa may need space

The federal government is reversing a plan to shed its real estate, with Public Services and Procurement Canada saying new return‑to‑office rules mean more office space is needed as executives begin spending more time onsite later this year. Requirements call for work to be onsite five days a week starting May 4, while other employees are in their workspaces four days a week beginning July 6. PSPC said it is working with departments and agencies to meet those needs by making better use of existing offices, renewing leases and, where necessary, acquiring additional office space.

6. US: Why Stockdale Capital hasn’t given up on malls

The American mall has been hit in recent years by a pandemic, online shopping and multifamily investors prioritizing apartments over storefronts. Against that backdrop, Stockdale Capital Partners joins a growing cadre of developers betting that some of the most valuable retail hubs are being overlooked. The Los Angeles-based firm is targeting retail properties that larger owners have sidelined or sold off, stepping in with fresh capital and a hands-on approach to reposition assets that still sit in markets near affluent and active residential pockets.