A brief snapshot of our progress in the first month of 2026. Platform & finance * Finalised core corporate, legal and finance documentation. Investments & diligence * Reviewed 15 opportunities across the UK, Spain, Portugal and Germany; advanced 5 into deeper diligence. * Began evaluation of 2 potential operating platform investments across the
A 404 Capital outlook report on real estate in the UK and Iberia. Where the cycle sits, what is changing, and what we are watching into 2026.
Executive Summary There has been a lot of negative publicity about the UK’s Autumn Budget announced on 26 November 2025. However, it’s important to strip out the noise and focus on the key changes and their impact on the UK property market and real estate investment landscape. Having