The UK base rate has been held at 3.75%, with Governor Bailey suggesting potential rate increases later in the year even if oil prices drop.

The National Institute of Economic and Social Research (NIESR) has revised down its GDP forecast for the UK economy by 50bps to 0.9% this year, edging up to just 1% in 2027.

DWS Group has agreed the sale of a £675m, nine-asset, PBSA portfolio to La Caisse (Caisse de dépôt et placement du Québec) and operational partner Vita.

The Range has launched a 10-store sale-and-leaseback opportunity, seeking offers over £67m.

Frasers Group has completed the purchase of the York and East Midlands Designers Outlets for c.£400m.

MSCI Inc. reports UK commercial real estate investment volumes of £11bn in Q1 2026 – a 7% fall on Q1 2025.

Qatari Diar has secured £450m refinancing for the Chancery Rosewood Hotel, Grosvenor Square from Standard Chartered, UOB Bank, Mashreq and DOHA BANK.

iQ Student Accommodation has completed a £562m refinancing with MUFG.

Savills reports that retail warehousing vacancies are at their lowest since 2017 at 4.3%.

Claire's has shut all 154 of its outlets across the UK and Ireland, although 50 shops may re-open under new ownership later this year.

Savills reports an increase in private landlords exiting the sector, with 254,000 buy-to-let properties hitting the market in the year to 31 March 2026.

Marks and Spencer is expanding its lower-emission HGV fleet with new biomethane-powered trucks which can deliver up to 85% lower CO2 emissions than diesel models.