1. India: InterGlobe gets financing for European hotel expansion
India-based conglomerate InterGlobe refinanced its European hotel portfolio with loan of €250 million or about $293 million from Germany’s Aareal Bank, setting the stage for planned expansion of its Miiro hotels in the region.
Miiro executives in 2024 hinted at the brand’s expansion plans. Neena Gupta, CEO of Miiro Hotels and executive director of group strategy and international hospitality at InterGlobe, said Miiro’s rollout will include hotels in Europe’s key markets, with upgrades and repositionings planned for some of its existing European hotels.
2. UK: Commercial deal volumes on track for rebound in 2026
Savills has raised its outlook for the average total return for the next five years for United Kingdom commercial real estate, with the brokerage now projecting cross-sector growth at 7.8% — up from 7.4% annually in its 2025 outlook.
The international real estate services firm said the U.K. outlook is more stable than it was a year ago and commercial real estate volumes next year are therefore likely to rise 10% from a projected £50 billion in 2025 to £55 billion. Savills said the importance of income in delivering real estate returns has risen across the board, primarily due to the expectation that the pace of interest rate tightening will slow and that the transmission of base rate cuts to the bond market will be slower than it expected in 2025.
3. France: Invesco targets student housing
Invesco Real Estate plans to acquire a large portfolio of French student housing, joining a growing trend of American firms expanding into the property category in France.
According to sources, Invesco has established a joint venture with DeA Capital, which has also been joined by Banque des Territoires. Plans call for acquiring student housing properties in France with a total of about 1,000 beds across four French regions, with the first acquisitions representing an initial investment around €100 million.
4. Germany: JLL forecasts more investments but stagnating prices
Germany’s commercial transaction volumes are expected to rise in the coming year compared with 2025, though prices are expected to move sideways instead of rising, according to brokerage JLL.
Konstantin Kortmann, who heads JLL Germany, said the investment pipeline is better than it was 12 months ago, but prices could even fall slightly for some property categories. Kortmann said international investment capital “still demands a return that is significantly higher” than what classic domestic German core buyers promise their investors.
5. Canada: Renters see more options as apartment vacancy rises
Canada’s housing crisis has begun to ease as the national apartment vacancy rate has increased to 3.1%, above the threshold that the Canada Mortgage and Housing Corporation says indicates high demand and tighter markets.
Apartment vacancy is more than double the rate of just two years ago, according to the housing agency’s annual 2025 Rental Market Report. It represents a sizable increase from the 2.2% vacancy rate the agency reported last year and the even lower rates seen in 2023 and 2022.
6. US: BXP widens bet on office recovery with DC development plans
One of the nation’s largest office landlords is preparing to kick off another ground-up development, with an anchor tenant in tow, as part of its widening bet on the national market’s strengthening recovery. BXP has a growing pipeline of projects launched in recent months, as many other firms remain hesitant about investing in new construction.
Boston-based BXP is set to demolish the building at 2100 M St. NW in Washington, D.C., and replace it with a luxury office project that has a big prelease agreement in place. BXP said global law firm Sidley Austin signed a deal for about 240,000 square feet in “the future trophy property,” a commitment set to span seven floors as well as a rooftop penthouse in the planned 320,000-square-foot complex.
This report was compiled from CoStar’s news publications in the United States, United Kingdom, Canada, France and Germany.