Skanska has divested the second phase of its H2Offices scheme in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (SEK 1.1 billion). The 22,000-square-metre building is fully pre-leased to an international firm on a 10-year term. Skanska Commercial Development Europe will record the transaction in the third quarter of 2026, with property handover scheduled for late 2027.
JLL has announced a major leadership succession plan for its Irish operations. Deirdre Costello will assume the role of CEO Ireland in January 2027, succeeding John Moran, who moves into the reintroduced Chairman role. Dan O’Connor takes over as Head of Capital Markets and Hotels with immediate effect. The moves draw on over 90 years of combined firm experience to drive future growth across the country.
Global investment firm Sixth Street has formed a co-operative agreement with Lloyds to fund the UK commercial real estate sector. The partnership will deploy Sixth Street's Asset Based Finance platform to provide property borrowers with scaled, flexible financing. The deal combines Sixth Street's London-based finance and global real estate teams to expand lending opportunities across the country while maintaining strict underwriting standards.
Ayala Land has signed land lease agreements with Makro Philippines to open wholesale stores across four major mixed-use developments. Covering Cloverleaf, Broadfield, Arca South, and Evo City, the deal expands Ayala's partnership with CP Axtra. The structure allows Ayala Land to retain property ownership while generating recurring lease income from high-traffic commercial anchors.
eMaxx has introduced a Commercial Property Program powered by the eMaxx Reciprocal Insurance Exchange. Designed for building owners facing premium volatility and disputed valuations, the policyholder-owned structure rewards commercial property owners who invest in proactive risk management. Coverage is available to businesses meeting Highly Protected Risk Catastrophe standards, with primary insurance provided through an A.M. Best A-rated carrier and reinsurance supported by the eMaxx Reciprocal.
Long-serving Newmark Group CEO Barry Gosin will transition into a full-time role as Chairman of operating company Newmark & Co. Real Estate, Inc. at the end of December 2026. Gosin, who has led the firm since 1979, has signed an agreement to remain Chairman until 2029 to support high-impact initiatives. Newmark’s Board of Directors plans to select a new Chief Executive Officer by year-end.
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