GPR Market Update September 2025

October 1, 2025

Market updates

GPR Market Update September 2025

Listed sector shows positive trend in Q3 2025

Europe negative outlier, losing 4.3%

The listed real estate sector showed a positive trend in the third quarter, the GPR 250 Index added 5.4% with positive contributions coming from Asia (11.2%), Oceania (10.2%), Africa (8.1%) and Americas (5.5%). Europe (4.3%) was the negative outlier. Below, the Q3 2025 total return performances for the GPR 250 Index and continental subset indices.

GPR 250 Index EUR LOC USD
Africa 11.2% 8.1% 11.3%
Americas 5.4% 5.5% 5.5%
Asia 9.3% 11.2% 9.4%
Europe -4.6% -4.3% -4.5%
Oceania 11.3% 10.2% 11.5%
World 5.0% 5.4% 5.1%

Rithm Capital Corp. to buy Paramount Group, Inc.

Rithm Capital Corp. has agreed to acquire Paramount Group, Inc., acquiring the company at a price of USD 6.60 per share. The bidder plans to bring in third-party capital and limited partners.

Inmobiliaria Colonial SOCIMI SA inks SFL merger

The cross-border merger by absorption of Société Foncière Lyonnaise (SFL) by Inmobiliaria Colonial SOCIMI SA, approved by the respective EGMs of the companies, took place on 1 October 2025.

Strong debut for Centurion Accommodation REIT

Centurion Accommodation REIT had its Singapore Exchange debut on 25 September 2025 after raising SGD 771.1m in the city-state's second-largest IPO this year. The company’s IPO subscription price was set at SGD 0.88 per unit.