The Property Ticker Vonovia announces €750m convertible bond offering; Unite Group Board update; SELP JV has priced €650m of unsecured bonds; DTZ Investors buys circa £56m retail park… and more

Research evidence excerpt

The Property Ticker Vonovia announces €750m convertible bond offering; Unite Group Board update; SELP JV has priced €650m of unsecured bonds; DTZ Investors buys circa £56m retail park… and more

J P M O R G A N Europe Equity Research

23 June 2026

The Property Ticker

Vonovia announces €750m convertible bond offering;

Unite Group Board update; SELP JV has priced €650m

of unsecured bonds; DTZ Investors buys circa £56m

retail park… and more

Research Highlights European Property

Neil Green, CFA AC

• **Don’t Miss** European Property 2026 Outlook - We go again (here) (44-20) 7134-4478

neil.d.green@jpmorgan.com

• *NEW* Unibail-Rodamco-Westfield: The best of both worlds...reiterate J.P. Morgan Securities plc

positive view (here) Vanessa M Guy

(44-20) 7742-4521

• UK Property: A quick look at capital values in May - values remain under vanessa.guy@jpmorgan.com

pressure, industrial edges down for the first time since late 2023. Rents J.P. Morgan Securities plc

continue to grow (here) Krishna Sathwik Beechu

• Workspace: The scene was already set – news today on medium-term (91-22)krishna.s.beechu@jpmchase.com6157 5847

trading profit outlook, (even) more disposals to come and a solid start to ‘27 J.P. Morgan India Private Limited

leasing wise: FY26 First Take (here)

• UK Property: Learnings from earnings (here)

• European Property: Debt Digest - Assessing the recent moves (here)

• Merlin Properties: Market under-estimating FFO - placing on Positive

Catalyst Watch (here)

• Great Portland Estates: FY26 Conf. Call: Executing… watch for disposals

this year and potential capital returns (here)

• Great Portland Estates: EPS beat, development gains coming

through...and there is more to come: FY26 First Take (here)

• British Land: No surprises. CEO says occupational fundamentals for their