G
Grand Canal Capital Partners
Morning Market Intel · Cockpit
Live · 15/15 fetchers
Internal · Partners
Tue · 12 May 2026Compiled 20:35 UTC
ECB Deposit
2.00%
— hold · Jun '25
BoE Base
3.75%
— hold · May '26
UK 10Y Gilt
4.87%
▲ +3 bp d/d
IE 10Y Spread
-27 bp
inside Bund · stable
UK REIT Index
-3.0%
▼ broad selloff
Distress · 24h
8
CRE-relevant · 100 total
DAILY READ

Eurozone holds 2.00%, UK base 3.75%. Irish 10Y trades 27 bp inside Bund. UK REIT sector off 3–4% intraday. 8 CRE-relevant UK insolvencies on the wire.

§ 01

Rates · Global 10Y Curve

ECB · BoE · Fed · FRED
Ireland3.20%
Germany3.46%
United States4.42%
United Kingdom4.87%

UK trades 167 bp wide of Ireland at the 10Y. For cross-border GCCP deals, funding-cost spread is the dominant variable; Irish acquisitions financed off Bund-pegged paper retain a meaningful structural advantage.

§ 02

Listed CRE · Sector Heatmap

UK + IE · 1d %
GPE.L-3.95
SGRO.L-3.53
LAND.L-3.34
HMSO.L-3.30
BBOX.L-3.29
BLND.L-2.91
UTG.L-2.42
DLN.L-2.18
SHB.L-1.97
TRY.L-1.81
PHP.L-1.50
SUPR.L-1.47
GVR.IR-0.45
IRES.IR-0.39
RGL.L+0.23
§ 03

Distress · UK + IE Insolvency

8 CRE-relevant · 24h
Direct
Wrightway Building Solutions LtdCVL · Liquidator appointed
UK
Direct
Landor Construction LtdCVL · Liquidator appointed
UK
Supply
Seth Stein Architects LtdCVL · Liquidator appointed
UK
Supply
Torus Engineering LtdPetition to wind up
UK
Tenant
Felldale Retail LtdNotice 2442 — winding-up activity
UK
§ 04

Equities, FX, Vol

Yahoo · FRED
InstrumentLeveld/dAs of
FTSE 10010,265.32-0.8%2026-05-12
FTSE 25022,466.20-1.2%2026-05-12
ISEQ Overall12,476.99+0.3%2026-05-12
S&P 5007,400.96+0.2%2026-05-12
VIX17.99+0.42026-05-12
EUR/USD1.1743+0.1%2026-05-12
GBP/USD1.3537-0.2%2026-05-12
Brent crude107.63+1.4%2026-05-12
Gold (USD/oz)4,720.70+0.6%2026-05-12
§ 05

Covenant Watch

8watched
Green 6
Amber 1
Red 1
Transitions vs yesterday0
TierCompanyStatus
● AMBERTakoradi Gold (Intl)active
● REDACFD Design Ltddissolved
§ 06

Distress Breakdown

Total 24h
100
100 UK · 0 IE
CRE Filter
8
keyword-tagged
Direct
4
RE / dev / landlord
Tenant
1
retail · hospitality
§ 07

Editorial · CRE-filtered

4 material · 33 scanned
FTCT REIT announces 3.5% distribution increase and strong Q1 2026 results
FTHyperscale Data reports ~687 BTC and ~$94m combined cash; plans capital markets discussion
ITDepartment of Housing proposes fewer beds in Oliver Bond flats complex, Dublin
ITCouncil's Oliver Bond plans would have cost up to €700,000 per flat — housing committee
§ 08

Run Status

15/15 OK · 27.6s
● boe_fetch 0.8s
● ecb_fetch 1.2s
● fred_fetch 2.1s
● ch_watch 6.9s
● gazette_scan 1.7s
● news_fetch 4.0s
● reit_prices 3.3s
● rns_scrape 3.8s
● yahoo_fetch 1.6s
● commodity_fetch 1.1s