J.P. Morgan Global Real Estate Daily News and Research Summary

Research evidence excerpt

J.P. Morgan Global Real Estate Daily News and Research Summary

Anthony Paolone, CFA AC North America Equity Research

(1-212) 622-6682 20 July 2026 J P M O R G A N

anthony.paolone@jpmorgan.com

• HSBC Asset Management has sold a Grade A office building in Shanghai’s Minhang

district, China, to MeiG Smart Technology for around $42 million, Mingtiandi reported.

The 7-story office building totals 165,437 sf of total gross floor area. The property last

traded in 2017 for around $77 million. Link to the article (subscription required).

In case you missed our notes…

Below are links from recently published notes from the J.P. Morgan Global Real Estate

Research Team.

EMEA

• The Property Ticker: Big Yellow 1Q update; M&G completes major Birmingham

office sale; HIG Capital launches Highground, a €1bn German resi platform; Oryx buys

£17.7m Bermondsey last-mile unit…and more. Link to our research.

• Big Yellow Group Plc: A solid quarter of activity, management flagging uncertainty, but

one to watch in 2H: 1Q27 First Take. Link to our research.

South America

• Latam Real Estate - Today’s News: RJ Caps Building Heights at Ipanema/Leblon,

Imported Goods Surge 85% in 2M, 2Q26 Warehouse Outlook. Link to our research.

• US Construction Data Points: June Starts Rebounded +19.0% m/m on MF Recovery,

While SF Remained Soft; Permits Declined Further. Link to our research.

Mainland China / Hong Kong

• China Property: Takeaways from expert call with Iceberg Index: K-shaped stabilization

is on the horizon. Link to our research.

Singapore

• SG Property Intelligence: Lentor Garden Residences 54% sold at S$2,350 psf on

launch. Link to our research.

Table 1: Regional EPRA/NAREIT Index Total Returns as of July 17, 2026

Total Returns (Last Closing Day)

Index Region Index Value 1-Day MTD QTD YTD LTM