Good morning, Nina Lindholm here with the Europe Wire from the London newsroom. European cities are known for old architecture. While not all have hundreds of years of history, around 85 percent of buildings in the EU were built before 2000, according to the European Commission. We start today with building maintenance, as Charterhouse Capital Partners has entered exclusive negotiations to acquire a French emergency repairs business.

Separately, Arrow Global Group announced this week it has acquired Borio Mangiarotti, a real estate development and management business based in Milan. The deal signals continued private equity appetite for property-related platforms across Europe. AnaCap and Mutares are also reportedly betting on properties, rounding out a busy week for real estate-focused transactions.

The flurry of activity underscores investor confidence in the resilience of building services and asset management sectors, particularly given the aging infrastructure across the continent. Emergency repairs and maintenance services offer recurring revenue streams less cyclical than traditional development.