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REAL-TIME GLOBAL RESEARCH

The Property Ticker

Published: 2026-06-18Institution: JPMorganPages: 9Original language: EnglishEvidence page: 2

Research evidence excerpt

The Property Ticker

evelopment announced across Fort Kinnaird and

Glasgow Fort this year, the pipeline underscores continued confidence in retail parks and

experience-led destinations; planning approval is expected by November 2026, with

construction targeted from January 2027 to early 2028. (Source: CoStar)

• French urban housing development slows: Housing remains a particular laggard

among France’s economic generators, with real estate and urban development growing

more slowly than the rest of the economy for the fourth consecutive year, according to

the latest barometer report from consulting firm Ernst Young and business foundation

Palladio. Analysts said real estate and development posted a 0.1% annual decline in

economic value contributed to the French economy in 2025, compared with annual

growth of 0.9% for the entire economy. Housing is where the most visible tensions are

concentrated. France produced only 276,000 housing units in 2025, a slight increase of

5.3% from 2024 but still half of the estimated need, according to the French government.

(Source: CoStar)

• Northwood buys multilet industrial estate duo for £25 million: Northwood Investors

has acquired two fully let multilet industrial estates in Stevenage and Banbury for c.

£25m. The assets comprise Motorway Industrial Estate (60,754 sq ft across six units let

to four tenants) and Network 11 Industrial Estate (98,654 sq ft across six units let to five

tenants), both benefiting from strong locations, diversified occupier bases and favourable

rental growth potential.The acquisitions reflect continued investor demand for multilet

industrial assets, supported by low vacancy rates, resilient tenant diversification and clear

rental growth prospects. Northwood highlighted opportunities to drive further value

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