Top of the Blocks: A daily report by the Jefferies European Real Estate team summarizing what you need to know in the sector in Continental Europe and the UK.

Research evidence excerpt

Top of the Blocks: A daily report by the Jefferies European Real Estate team summarizing what you need to know in the sector in Continental Europe and the UK.

EUROPE | Property & Real Estate EquityJulyResearch10, 2026

Top of the Blocks

A daily report by the Jefferies European Real Estate team summarizing what

you need to know in the sector in Continental Europe and the UK.

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Key takeaways of the day:

Webinar - Discussing Potential PLD/SEGRO Merger from Both Sides of the Pond•

EU Midcaps - Jefferies MidCap Top Picks•

Unite - HY26 Preview (28 July) - Flight to quality•

SLP - Leasing Strength Offsets Muted Acquisition Activity•

NP3 - Risk-Reward Turning Less Compelling•

Trianon - Momentum Building, Balance Sheet Still Tight•

Montea - Expands Logistic Park Glassworks with BSH•

Sagax - Invests SEK 310m in Finland at 7.4% gross yield•

Germany Diversified - Construction Costs Rise 5% YoY•

Spain Data Centers - Ferrovial Plans €1bn Madrid Campus•

Spain Residential - Madrid House Prices Rise 11% YoY•

Webinar - Discussing Potential PLD/SEGRO Merger from Both Sides of the Pond (Jefferies)

Sign up for our REIT Roundup Webinar, held every Monday at 9 AM ET. This week, we'll•

be joined by UK REIT analyst Sarim Chaudhry to discuss the latest developments in PLD/

SEGRO negotiations, including recent responses from both companies, key valuation

considerations, and where we believe a potential deal value may ultimately land. For

additional context, please see our recent research below. Link to report

EU Midcaps - Jefferies MidCap Top Picks (Jefferies)

We launch our MidCap Top Picks, highlighting our preferred stocks with a market cap•

below €10bn. We pick 24 conviction ideas from a total coverage universe of >500 Pan-