European Real Assets Fund: Stoneshield Capital has closed Opportunity Fund IV at its €1.5bn hard cap, double its prior target, aiming to back control-oriented investments across European energy infrastructure and residential living while scaling platforms. Philippines REIT Expansion: MREIT plans to acquire ₱25bn of commercial assets via property-for-share swaps, expanding its portfolio by 47% and shifting mix toward retail and hotels. Workplace & CRE Tech: XY Sense reports office use is still peak-day driven (Tuesday far higher than Friday) and demand is skewing toward enclosed, private spaces—an operational data point for landlords. Insurance & Risk: Mapfre is pushing its “large risks” unit harder in Europe and the US, adding cyber and parametric coverage as growth levers. Geopolitics Hits Markets: Reuters says China’s factory activity likely stayed flat in May as weak demand and Strait of Hormuz disruptions weigh on manufacturers. Regional Property Signals: South Africa’s May rate hike is expected to pressure affordability for first-time buyers and budgets for existing homeowners. Urban Development: Vietnam’s Hong Hac City in Hanoi’s northeast is advancing with a phased rollout of mixed-use housing and infrastructure. Security & Housing Risk: Romania says a Russian drone hit a densely populated flats block, injuring two—raising NATO flank concerns.