PATRIZIA and COSIMO Launch Berlin Residential Development Programme Germany: PATRIZIA has launched a residential development programme in Berlin through a joint venture with developer COSIMO Investment Group. The initiative targets a total development volume of up to EUR 500 million (USD 545 million) and includes plans to develop around 2,000 residential units in the coming years. Up to EUR 200 million (USD 218 million) of equity will be deployed through PATRIZIA’s Living inv

UK Construction Activity Continues Decline in February UK: Britain’s construction sector recorded its fourteenth consecutive month of contraction in February, according to the latest S&P Global UK Construction Purchasing Managers’ Index (PMI). The index declined to 44.5 in February from 46.4 in January, remaining below the 50 level that indicates expansion. The reading was also below economists’ expectations of 47.0. Survey data indicated that residential construction activit

Rising Gas Prices Increase Cost Pressure on Italy’s Ceramic Industry Italy: Gas prices in Europe have increased following geopolitical tensions linked to the conflict involving Iran, raising concerns among ceramic manufacturers in Italy. According to Confindustria Ceramica, gas prices rose from EUR 33 per MWh (USD 36 per MWh) to EUR 55 per MWh (USD 60 per MWh) within two days, reaching the highest level since February of the previous year. The association estimated that the i

University Closures to Reduce Energy Use Bangladesh: The Ministry of Education in Bangladesh has directed all public and private universities in the country to remain closed from 9 March 2026 as part of measures university Closures to Reduce Energyand fuel consumption. The decision was issued following instructions from the Cabinet Division. According to the directive, universities will remain closed until the start of their scheduled Eid-ul-Fitr holidays as indicated in thei

Taiwan Allocates Subsidies for Renovation of Older Residential Buildings Taiwan: Taiwan’s Executive Yuan has allocated NTD 5,000 million (USD 157.81 million, EUR 145.19 million) in subsidies to support the renovation of residential buildings that are 30 years old or older. The programme aims to improve building safety and functionality. According to the National Land Management Agency, applications for renovation subsidies will be accepted by the Ministry of the Interior from

Philippines Directs Government Offices to Strengthen Energy-Saving Measures Philippines: The Philippine government has instructed public agencies to strengthen energy efficiency measures in response to global developments affecting energy supply. The Department of Energy, through the Inter-Agency Energy Efficiency and Conservation Committee, directed all government offices to follow the Government Energy Management Program and implement measures aimed at achieving at least 10

DOE Testing Milestone USA: Rheem has completed laboratory validation testing for commercial rooftop heat pump equipment under the United States Department of Energy (DOE) testing milestone Commercial Building HVAC Technology Challenge. The programme aims to support the development of heat pump systems for commercial buildings, including equipment designed for cold climate operation. Testing confirmed that the company’s rooftop heat pump in the 10–14 ton category met the DOE’s

Systemair Reports Third-Quarter Sales Decline Amid Currency Impact Sweden: Systemair reported third-quarter net sales of SEK 2,862 million (USD 270 million, EUR 248 million) for the period November 2025 to January 2026, representing a decline of 5.9% compared with the same period last year, mainly due to currency effects. Organic growth during the quarter was 1.0%. Adjusted operating profit reached SEK 199 million (USD 19 million, EUR 17 million), while operating profit total

Madison Air Files for U.S. IPO After Revenue Growth USA: Madison Air Solutions has disclosed financial details ahead of a planned initial public offering after revenue growth in the United States. The company reported net sales of USD 3,340 million (EUR 3,070 million) for the year ended 31 December 2025, compared with USD 2,620 million (EUR 2,410 million) in the previous year. Net income for 2025 reached USD 124.3 million (EUR 114.3 million). The company has not yet announced

Introduce Energy-Saving Measures Thailand/Vietnam: Authorities in Thailand have introduced energy saving measures aimed at reducing energy consumption in government offices following disruptions to oil supplies linked to geopolitical tensions in the Middle East. Public sector offices have been requested to maintain air-conditioning settings at 26 degrees Celsius and limit non-essential overseas travel. Government employees have also been encouraged to work remotely where poss

Majority of Heat Pumps Sold in Europe Assembled Within the Region European Union: More than 80% of heat pumps installed in Europe are assembled within the region, according to data released by the European Heat Pump Association (EHPA). The figures show that less than 10% of the units are produced in China. For air-to-water heat pumps, over 80% of monobloc units and more than 90% of indoor units sold in Europe are assembled within the region, while around half of outdoor units

Energy-Saving Measures Philippines: The government of the Philippines has introduced energy saving measures for public institutions in response to rising fuel costs linked to geopolitical tensions in the Middle East. National government agencies, state universities and colleges, and local government units have been instructed to reduce fuel consumption by at least 10%. Measures include limiting air-conditioning settings to no lower than 24 degrees Celsius, reducing official t