Market Update - October 2026

GDP grew 0.5% in Q2, up from the initial 0.4% estimate, but the September PMI signals momentum slowing sharply.

JP Morgan Asset Management have pre-let 465,000 sq ft at One Spitalfields to Jane Street, the largest off-plan City pre-let in over a decade.

GPE is selling 30 Duke Street for £250m, targeting a 4.5% yield (£3,900 psf), as part of its plan to recycle up to £1bn from mature assets. The fully let building produces £12.6m pa in rent and is anchored by CD&R on a 15yr lease at £185 psf.

Landsec agreed a £516m deal to acquire the Metrocentre in Gateshead a 7.9% NIY, this year's largest shopping centre deal, funded by a £500m share issue.

Aldi to invest a record £900m in 2027 on 40 new stores and distribution; opening 30 stores in ten weeks.

New "Your First Home" scheme offers 2.5% deposits with 20% government equity loans on new builds.

Only 45,315 homes gained planning permission in England in Q2, down 21% QoQ, according to the Home Builders Federation, signalling a 14-year low.