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CoStar World News for March 5

Radisson plans India expansion; Chancellor seeks to shield UK economy from global conflicts; Bain Capital scouts French investments
Bengaluru is among cities in India where Radisson plans to open new hotels over the next decade. (Getty Images)
Bengaluru is among cities in India where Radisson plans to open new hotels over the next decade. (Getty Images)
CoStar News
March 4, 2026 | 10:41 P.M.

1. India: Radisson plans up to 50 new hotels

Radisson Hotel Group and New Delhi-based MBD Group are partnering on plans to open as many as 50 co-branded hotels in India over the next 10 years as they seek to meet rising tourism demand.

A master franchise agreement is focused on two brands, Radisson Red and Radisson Collection, according to a report by India’s Economic Times news outlet. Plans call for MBD to manage the entire portfolio and own 20% of the hotels, with the remaining 80% to be franchised. The partners have worked together previously on two India hotels under the Radisson Blu brand.

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2. UK: Chancellor seeks to shield economy from global conflicts

The United Kingdom government is focused on protecting the national economy from global shocks including the war in Iran, according to the latest Spring Statement from Chancellor of the Exchequer Rachel Reeves. There was no specific new detail regarding real estate.

“We have the right economic plan for our country in an uncertain world, with unfolding conflict in Iran and the Middle East,” Reeves said, noting her economic plan would secure the economy against shocks and protect families from “the turbulence beyond our borders.” The Labour government has been clear that it wants its main financial announcements to be made in the Autumn Budget, rather than at Spring Statement, in a bid to provide certainty and prevent jitters from spreading across financial markets.

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3. France: Bain Capital looks to expand regional investments

American investment firm Bain Capital is on the lookout for more real estate investment opportunities in France, after deploying more than €1 billion in Europe during the past year.

“Our real estate strategy in Europe currently represents more than $3 billion in invested equity, which would translate into a gross development value of $12 to $13 billion in the long term,” said Rafael Coste Campos, a partner at Boston-based Bain Capital. Most of its current European holdings are in categories such as data centers, logistics and hotels. 

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4. Germany: TPG plans to buy large healthcare portfolio

Northwest Healthcare Properties, a Canadian real estate investment trust, plans to sell 33 properties in Germany and the Netherlands to American investor TPG Real Estate in a deal valued at approximately €400 million.

The companies said the portfolio spans more than 180,000 square meters and houses more than 400 tenants. The transaction comes after other recent regional deals involving healthcare-related properties, including nursing home investor Aedifica’s takeover of Confinimmo.

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5. Canada: Higher restaurant costs could affect landlords

Nearly half of Canada’s restaurant owners say they expect profits to worsen this year as labor constraints and uncertainty around federal policies take their toll on diners. If falling profits leave operators unable to pay rent on their restaurant space, property owners could decide to replace them, according to brokers specializing in the category.

A report from trade group Restaurants Canada said the financial strain “is coming from every direction — food and labor first, with rent, utilities, insurance, and equipment close behind.” Analysts said a years-long cost-of-living crisis in Toronto is among catalysts for rising household debt and, by extension, dwindling disposable income that could otherwise be spent among the city’s eateries, several of which have recently closed.

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6. US: Banks double commercial property lending growth

United States banks are slowly returning to commercial real estate lending, growing their portfolios in 2025 at a rate nearly double that of the previous year. Banks increased their loan totals by 2.3% on an annual basis, about twice the 2024 growth rate but well off the 10.7% pace of 2022, according to Federal Deposit Insurance Corp. data.

Along with the boost in loans came a dramatic slowdown in delinquencies, with both signs widely seen as positive for property markets nationwide as lending drives valuations, development pipelines and deal velocity. But evidence also emerged that loan stress remains prevalent.

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This report was compiled from CoStar’s news publications in the United States, United Kingdom, Canada, France and Germany.

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News | CoStar World News for March 5