The Property Ticker: British Land 1Q update; Unite in talks to sell London site; GPE sets standard for materials reuse; Blackstone prices £603m UK logistics CMBS...and more

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The Property Ticker: British Land 1Q update; Unite in talks to sell London site; GPE sets standard for materials reuse; Blackstone prices £603m UK logistics CMBS...and more

, GPE’s Circular Economy Focus Group is targeting

broader adoption of circular practices across the development lifecycle, including

concrete reuse, fit-out circularity, overcoming insurance and warranty barriers, and

driving industry transparency through its Circularity Score and ambitious material reuse

targets. (Source: Company)

• Blackstone prices £603 million UK logistics CMBS to add momentum to financing

option: Blackstone has priced UK Logistics 2026-3 DAC, a £603m CMBS backed by a

portfolio of 39 UK logistics assets operated by Indurent, with the loan sized at 66.4% LTV.

The portfolio is 90.4% occupied, comprises 300 units across 7.1m sq ft, and is leased to

215 tenants. Assets are concentrated in the Midlands (37%) and South East (31%), with

the majority built or refurbished since 2017, underscoring the quality and modernity of

the estate.The transaction is Blackstone’s fifth UK CMBS issuance of 2026 and

highlights continued strong lender demand for logistics assets. Blackstone remains the

dominant issuer in the UK and European CMBS markets and is reportedly exploring a

potential £6bn IPO or sale of Indurent. The deal follows a series of recent securitisations

across logistics, social housing and the NEC Birmingham estate, demonstrating the

group’s ability to access debt markets across multiple real estate sectors. (Source: CoStar)

• Office investment jumped in some parts of the capital: London office investment

remained resilient in H1 2026 at around £4bn, broadly in line with H1 2025, but activity

was highly concentrated in a handful of submarkets. Noho and Mayfair were standout