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Costar Data Shows Big Six Q1 Office Investment Volumes at Their Highest Since 2018

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net initial yield financial
Net initial yield is the annual income an investor can expect from an income-producing asset after subtracting predictable running costs, divided by the asset’s purchase price. It matters because it shows the immediate, net return on the price paid—like checking how much profit a vending machine will make each year after paying for restocking and electricity—so investors can compare deals and judge whether a purchase will generate the income they expect.
net initial yield financial
Net initial yield is the annual income an investor can expect from an income-producing asset after subtracting predictable running costs, divided by the asset’s purchase price. It matters because it shows the immediate, net return on the price paid—like checking how much profit a vending machine will make each year after paying for restocking and electricity—so investors can compare deals and judge whether a purchase will generate the income they expect.
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Adjusted earnings per share (adjusted eps) is a measure of a company's profit per share that has been modified to exclude certain one-time or unusual items, such as costs from restructuring or asset sales. It provides a clearer picture of the company’s core performance by removing events that may distort the usual earnings. Investors use adjusted eps to better understand a company's ongoing profitability and compare it more accurately over time.
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RevPAR, or revenue per available room, is a measure used in the hotel industry to show how much money a hotel earns from each of its rooms over a certain period. It helps investors understand how well a hotel is performing financially, similar to how a store's sales per square foot reveal its profitability. Higher RevPAR indicates better use of resources and stronger financial health.
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Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
schedule 13g regulatory
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
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Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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LONDON--(BUSINESS WIRE)-- The Big Six office investments reached an eight-year high in the first quarter of 2026, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

Big Six Q1 Office Investment Volumes at Their Highest since 2018

Big Six Q1 Office Investment Volumes at Their Highest since 2018

Investors spent £485m across Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester in the first quarter of the year, slightly above the five-year average.

Manchester led activity for the second consecutive quarter, with volumes exceeding £120m, just ahead of Edinburgh (£113m) and Bristol (£88m). All three cities recorded transactions above £50m, led by a 200,000-square-foot sale for around £114m at a 6.85% net initial yield.

“Most of the large deals were completed before March, which was too early in the quarter to be affected by the war in Iran,” said Giles Tebbitts, director of market analytics at CoStar Europe. “Lower entry prices, attractive net initial yields and an undersupply of prime, well-located space have drawn investors, as the market has moved through the worst of its repricing phase.”

The largest out-of-town transaction was in Solihull town centre, a £12.5m deal for 70,800 sq. ft. at a net initial yield of 11.95%.

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com

Source: CoStar Group