Colonial Sfl Socimi Sa · BME:COL
Colonial Sfl Socimi Sa — Investor Day (June 2026)
77 slides from Colonial Sfl Socimi Sa's investor day presentation, Jun 4, 2026
Slide 1: Positioned at the Center of Europe's Urban Transformation
Positioned at the Center of Europe’s Urban Transformation Capital Markets Day 2026 June 4th, 2026
Slide 2: Disclaimer
DISCLAIMER By attending this presentation (the “Presentation”) and receiving this document, you are agreeing to be bound by the following limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws and/or may result in civil, administrative or
Slide 3: Agenda
Agenda 9:40 – 9:55 AM Introduction & Welcome 10:00 – 10:25 AM Investment Case 10:30 – 10:55 AM The Prime Asset Class Business Model 11:00 – 11:15 AM Coffee Break 11:20 – 11:45 AM Financials & Capital Allocation Framework 11:50 – 12:15 PM Strategic Plan & Value Drivers 12:20 – 12:40 PM An unparallele
Slide 4: Management Team Presenting Today
Management Team Presenting Today Pere Viñolas Carmina Ganyet Juan Manuel Ortega Carlos Krohmer Alexia Abtan Chief Corporate Directrice des Chief Executive Officer Chief Corporate Officer Chief Investment Officer Development Officer Investissements SFL 2026 Capital Markets Day | 4
Slide 5: Objectives of Today
Objectives of Today 01 Colonial SFL represents a unique opportunity to play the European Urban Transformation growth cycle 02 Our Prime Asset Class offers a clear path to value creation on the back of a solid track record 03 Our platform has significant embedded growth to be unlocked in the next thr
Slide 6: 1. Investment Case
1. Investment Case Pere Viñolas Chief Executive Officer
Slide 7: A Unique Pan-European Real Estate Powerhouse
1. Investment Case A Unique Pan-European Real Estate Powerhouse A scaled, diversified platform with an unmatched Prime asset base Prime Asset Class Prime Capital Structure NTA 12/25 Market Capitalization 12% Barcelona 23% Madrid 96% City Center €6.1bn €3.4bn 2 €12bn Prime Member of Ibex-35 & FTSE EP
Slide 8: Colonial SFL offers an Unparalleled Exposure
1. Investment Case Colonial SFL offers an Unparalleled Prime Asset Class Exposure PARIS MADRID BARCELONA CBD 22@ 2026 Capital Markets Day | 8
Slide 9: Superior Market Growth in the Prime Asset Class
Superior Market Growth in the Prime Asset Class
Slide 10: Socioeconomic and Structural Tailwinds Driving European Urbanization
1. Investment Case Socioeconomic and Structural Tailwinds Driving European Urbanization Europe Population is Growing Talent Base is Becoming More Qualified Employment Levels are at Record Highs Innovation Investment Continues to Scale EU population (in million) EU adults with university education1 E
Slide 11: European Gateway Cities with Superior Growth on the Back of Accelerating Urbanization Trends
1. Investment Case European Gateway Cities with Superior Growth on the Back of Accelerating Urbanization Trends Madrid | Barcelona Paris Berlin / Munich London 124 Madrid 111 123 Barcelona 122 Spain Berlin 120 London 113 Paris 108 Real GDP (Base 100) Munich 114 UK 110 France 102 Germany 100 100 100
Slide 12: European Urban Growth Relies on Mission Critical Social Infrastructure in Prime
1. Investment Case European Urban Growth Relies on Mission Critical Social Infrastructure in Prime “ Kings Cross Campus London, UK Firms and startups have shifted towards urban districts Harvard Business Review | April 26 Microsoft wants an office of 300,000 sq ft — triple the size of Film House — s
Slide 13: Chronic Supply Shortage & High Entry Barriers in Europe's Markets
1. Investment Case Chronic Supply Shortage & High Entry Barriers in Europe’s Prime Asset Class Markets Supply Scarcity in Prime CBD Premises ... ... Further Enhanced with Reconversion Trends and Restricted Policies m sqm Expected pipeline deliveries in European office markets 8 Paris Madrid & Barcel
Slide 14: Chronic Supply Shortage in Europe's Markets
1. Investment Case Chronic Supply Shortage in Europe’s Prime Asset Class Markets - Madrid & Barcelona with Structurally - Paris CBD New Supply Rapidly Absorbed - Constrained Prime Stock - In a context of Prime product scarcity Continued tension in Grade A Prime assets ▪ Office conversions: >1m sqm o
Slide 15: Superior Rental Growth with Accelerating Momentum in the Prime Asset Class
1. Investment Case Superior Rental Growth with Accelerating Momentum in the Prime Asset Class - Paris CBD Rental Growth - - The Best Locations are Sought After - ▪ Tenant demands increasingly focused on high quality ▪ Flight to quality continues to concentrate demand in assets, which experience rent
Slide 16: A Structurally Polarized Prime Office Market
1. Investment Case A Structurally Polarized Prime Office Market Average rental premium for each tier of asset quality London Paris Berlin Colonial’s playing field Source: JLL 2026 Capital Markets Day | 16
Slide 17: Colonial SFL Best Positioned in the Prime Asset Class
Colonial SFL Best Positioned in the Prime Asset Class
Slide 18: Colonial SFL Best Positioned to Play the European Urban Prime Growth Cycle
1. Investment Case Colonial SFL Best Positioned to Play the European Urban Prime Growth Cycle TRACK RECORD ON PRIME INTERNATIONAL TRACK RECORD ON ASSET CLASS FACTORY TRANSFORMATION1 EXPERIENCE1 CAPITAL RECYCLING1 ✓✓✓ ✓✓✓ ✓✓✓ Prime Large-scale city-center Pan-European Prime +€3bn recycled over 10 tra
Slide 19: Dominant Player in Key European Gateway Cities with Strong Growth Perspectives
1. Investment Case Dominant Player in Key European Gateway Cities with Strong Growth Perspectives Madrid City Center (inside M30) Barcelona City Center Paris CBD Top trophy assets in Paris CBD Colonial SFL 59% 22@ Paris Trophy assets1 Colonial SFL owns 5 out of 9 Top trophy assets Top Property Owner
Slide 20: Our Prime Strategy Offers Embedded Growth with High Visibility
1. Investment Case Our Prime Strategy Offers Embedded Growth with High Visibility EPRA EPS €cts. 34 1 % 15-20 % 21-25 27 +134% +37% Prime CBD Operations 25 Managing & Repositioning CAGR 15-20 CAGR 21-25 +19% +8% 12 2 2015 2020 2021 2025 Alpha X – Prime Factory Mantaining resilient EBITDA through occ
Slide 21: Our Prime Portfolio Outperforms the Market and Peers Consistently
1. Investment Case Our Prime Portfolio Outperforms the Market and Peers Consistently Like-for-Like GRI Growth Consistently Well Above Indexation1 Like-for-Like GRI Growth Consistently Well Above Peers3 8% 8% 7% 7% 6% 6% 6% 6% 5% 5% 4% 4% 4% GRI LfL 4% growth 2% over Long indexation 2% term avg. Peer
Slide 22: A Balanced Return Mix Combining Value-Added Returns and Consistent Core Performance
1. Investment Case A Balanced Return Mix Combining Value-Added Returns and Consistent Core Performance 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 GAV €8.1bn €9.3bn €11.3bn €12.2bn €12.0bn €12.4bn €13.0bn €11.3bn €11.6bn €12.2bn Core 98% 94% 92% 89% 87% 85% 89% 92% 91% 90% Core Value-add 2% 6%
Slide 23: Colonial SFL Has a Solid Track Record in Value Creation through Capital Recycling
1. Investment Case Colonial SFL Has a Solid Track Record in Value Creation through Capital Recycling Active Portfolio Management €m Llull 331 Gran Vía 30 + €5bn IN RECENT YEARS ACQUISITIONS – PRIME 968 1,000 Residential Residential Residential Residential 786 ACQUISITIONS 2015 - 2026 533 499 477 272
Slide 24: Value Creation through Capital Recycling - Capital Light Strategies
1. Investment Case Value Creation through Capital Recycling - Capital Light Strategies to Invest in European Urban Prime Disposals of - €0.7bn Capital Light Investment Strategies Mission Critical Science & Innovation Infrastructure Enhancement on Santa Hortensia Project Initial Disposal Program Addi
Slide 25: 2. The Prime Asset Class Business Model
2. The Prime Asset Class Business Model Juan Manuel Ortega Chief Investment Officer
Slide 26: Our Three Strategic Pillars of Real Estate Value Creation
2. The Prime Asset Class Business Model Our Three Strategic Pillars of Real Estate Value Creation 1 2 3 Prime CBD Operations Alpha X – Prime Factory Capital Recycling Managing & Repositioning Transforming Active Portfolio Management ▪ Pricing Power & Differentiation ▪ Driver of Mid-Term EPS Growth ▪
Slide 27: Colonial SFL A Best-in-Class Prime Portfolio
1 Prime CBD Operations Managing & Repositioning Colonial SFL A Best-in-Class Prime Portfolio
Slide 28: We Have Created an Irreplicable Portfolio of Prime Assets
2. The Prime Asset Class Business Model Prime CBD We Have Created an Irreplicable Portfolio of Prime Assets Operations A unique portfolio of landmark assets in Europe’s leading CBDs Louvre Saint-Honoré Miguel Ángel 23 #Cloud Paris CBD Madrid CBD Paris CBD Velázquez 86d Madrid CBD 90 Champs Élysées D
Slide 29: Managing & Repositioning: We Offer Added Value to Our Clients
2. The Prime Asset Class Business Model Prime CBD Managing & Repositioning: We Offer Added Value to Our Clients Operations A Portfolio Designed for Evolving Occupier Needs Prime Tenants Look for the Best Workplace Experience > Close to transportation hubs EXPERIENCE > Central micro-locations +58% +7
Slide 30: Managing & Repositioning: Our Tailormade Approach Attracts Top Tier Clients
2. The Prime Asset Class Business Model Prime CBD Managing & Repositioning: Our Tailormade Approach Attracts Top Tier Clients Operations Demand for prime with increasing momentum • CBD prime locations with strong connectivity & services ▪ Transport links & efficient commuting ▪ Amenities/ Terraces ▪
Slide 31: Our Product is One of a Kind: The Example of the Edouard VII
2. The Prime Asset Class Business Model Prime CBD Our Product is One of a Kind: The Example of the Edouard VII Prime Location with Finest Quality Operations Edouard VII | Paris 9th Opéra - Madeleine Prime example of one-of-a-kind portfolio located in the heart of Paris CBD Trophy urban island combin
Slide 32: Prime Factory Leadership in Urban Transformation
2 Alpha X – Prime Factory Transforming Prime Factory Leadership in Urban Transformation
Slide 33: Transforming: A Competitive Advantage to Unlock Embedded Value in Assets
2. The Prime Asset Class Business Model Alpha X Transforming: A Competitive Advantage to Unlock Embedded Value in Assets Prime Factory Transforming Colonial SFL has a proven track record and clear leadership on development projects/ successful real estate transformation 2010 - 2015 2016 - 2022 Recol
Slide 34: Transforming: Delivery of Superior Returns in Madnum
2. The Prime Asset Class Business Model Alpha X Transforming: Delivery of Superior Returns in Madnum Prime Factory Transforming > Off-market acquisition of an asset/ development Pre Transformation Project delivered project with 110,000 sqm, of which 20,000 sqm delivered as a turnkey project > Landma
Slide 35: Transforming: Significant Value Creation and Return Generation at Velázquez
2. The Prime Asset Class Business Model Alpha X Transforming: Significant Value Creation and Return Generation at Velázquez Prime Factory Transforming Pre Transformation Project delivered > Value-add repositioning of a 16,000+ sqm Prime CBD asset in Madrid > Nearly Net Zero building, pioneer in the
Slide 36: Transforming: Exceptional Value Creation in Louvre
2. The Prime Asset Class Business Model Alpha X Transforming: Exceptional Value Creation in Louvre Prime Factory Transforming Pre Transformation Project delivered > Asset delivered in 2H 2023 following a tailor-made redevelopment by Atelier Jean Nouvel, transforming the building into a landmark cult
Slide 37: Alpha X: Prime Factory as a Robust Source for Mid-Term EPS Growth
2. The Prime Asset Class Business Model Alpha X Alpha X: Prime Factory as a Robust Source for Mid-Term EPS Growth Prime Factory Transforming 2026 2027 2028 Scope Business Campus Condorcet Urban Mixed Use Santa Hortensia Urban Mixed Use 24,530 24,000 46,928 sqm sqm sqm +9% +9% +9% Unlevered Unlevered
Slide 38: Transforming: Alpha X – Barcelona & Madrid
2. The Prime Asset Class Business Model Alpha X Transforming: Alpha X – Barcelona & Madrid Prime Factory Transforming Sancho de Ávila: Meeting a healthcare gap in Barcelona 22@ Santa Hortensia: Outdated office building into flexible living Pre Transformation Project Pre Transformation Project 2H 202
Slide 39: Transforming: Alpha X – Paris
2. The Prime Asset Class Business Model Alpha X Transforming: Alpha X – Paris Prime Factory Transforming Scope: Renewed business campus by a major transport hub Condorcet: Visionary mixed-use campus in Paris’ 9th Pre Transformation Project Pre Transformation Project 2H 2026 2H 2027 Delivery Delivery
Slide 40: Smart Asset Allocation Active Portfolio Management
3 Capital Recycling Active Portfolio Management Smart Asset Allocation Active Portfolio Management
Slide 41: Proven Track Record of Value Creation through Disposals
2. The Prime Asset Class Business Model Active Portfolio Proven Track Record of Value Creation through Disposals – More than €3bn in recent years Management Over €3bn of Strategic Disposals Executed Over Recent Years €m 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Marceau Luca de Tena
Slide 42: Strong Delivery on Value Creation through Acquisitions
2. The Prime Asset Class Business Model Active Portfolio Strong Delivery on Value Creation through Acquisitions – more than €5bn in recent years Management Over €5bn Invested in Recent Years to Build a Best-in-Class Portfolio €m Llull 331 Gran Vía 30 Prioritize opportunities in prime and maintain ca
Slide 43: Capital Light Investment Strategies to Capture Opportunities in European Urban Prime
2. The Prime Asset Class Business Model Active Portfolio Capital Light Investment Strategies to Capture Opportunities in European Urban Prime Management Disposals of - €0.7bn Capital Light Investment Strategies Inital Disposal Program Additional Program European Build-Up of Science & Innovation Enha
Slide 44: 3. Financials & Capital Allocation Framework
3. Financials & Capital Allocation Framework Carmina Ganyet Chief Corporate Officer
Slide 45: Sound Financial Performance on the Back of a Robust Balance Sheet
Sound Financial Performance on the Back of a Robust Balance Sheet
Slide 46: Sound Financial Performance Underpinned by a Strong Balance Sheet
3. Financials & Capital Allocation Framework Sound Financial Performance Underpinned by a Strong Balance Sheet EBITDA Recurrent €m Consistently Managed Leverage Alongside Rating Improvements Colonial Credit Rating +1.9x BBB+ stable outlook 333 178 BBB BBB- 47% 45% 45% EPRA LTV1 42% 45% 44% 2015 2016
Slide 47: Solid Financial Structure with Strong Coverage of Mid Term Maturities
3. Financials & Capital Allocation Framework Solid Financial Structure with Strong Coverage of Mid Term Maturities Ample Liquidity Levels Maintained Consistently (in €bn) Well Balanced Debt Maturity Profile Maturity profile of debt facilities - €m 3.1 New Bond Green Bonds Green Loans Undrawndown bal
Slide 48: The Bond Market Continues Recognizing Colonial's Strong Balance Sheet
3. Financials & Capital Allocation Framework The Bond Market Continues Recognizing Colonial’s Strong Balance Sheet and Business Fundamentals Group LTV Colonial's spreads (primary market) remain at their lowest levels 40% (300bps) 5y spreads (bps) 37% 250 230 200 145 150 125 115 120 105 100 2023 2025
Slide 49: Disciplined Financial Structure Poised for Long-Term Growth
Disciplined Financial Structure Poised for Long-Term Growth
Slide 50: Our Growth Strategy is Anchored in a Strong Capital Allocation Framework
3. Financials & Capital Allocation Framework Our Growth Strategy is Anchored in a Strong Capital Allocation Framework Strong Shareholder Remuneration Capital Allocation Targets Capital Recycling Strict Financial Discipline 2026 Capital Markets Day | 50
Slide 51: Disciplined Financial Ratios as the Foundation for Sustainable Future Growth
3. Financials & Capital Allocation Framework Shareholder Disciplined Financial Ratios as the Foundation for Sustainable Future Growth Remuneration Strict Capital Financial Recycling Discipline Consistently Managed Leverage Alongside Rating Improvements Colonial SFL Has a Strong Credit Profile by S&P
Slide 52: Leverage Framework Guidance — Four BBB+ Guardrails
3. Financials & Capital Allocation Framework Shareholder Leverage Framework Guidance — Four BBB+ Guardrails Remuneration Strict Capital Financial Recycling Discipline Four guardrails, fully respected — framework goals set stricter than BBB+ threshold Colonial SFL’s framework is more conservative tha
Slide 53: Long Term Secured Competitive Financial Costs with Proactive Hedging Strategy
3. Financials & Capital Allocation Framework Shareholder Long Term Secured Competitive Financial Costs with Proactive Hedging Strategy Remuneration Strict Capital Financial Recycling Discipline Net Debt Fixed or Hedged1 Estimated Spot Cost of Net Debt1 120% 6.0% 5.5% 100% 5.0% 4.2% 4.5% 4.0% 4.0% Ma
Slide 54: Long Term Secured Competitive Financial Costs with Proactive Hedging Strategy
3. Financials & Capital Allocation Framework Shareholder Long Term Secured Competitive Financial Costs with Proactive Hedging Strategy Remuneration Strict Capital Financial Recycling Discipline > Since 2021, a total of €2.9 billion of pre-hedging instruments have been contracted to cover debt issuan
Slide 55: Strict Discipline in Capital Allocation for Prime Accretive Investment Opportunities
3. Financials & Capital Allocation Framework Shareholder Strict Discipline in Capital Allocation for Prime Accretive Investment Opportunities in 2026-28 Remuneration Strict Capital Financial Recycling Discipline Core + Value Add Investment Discipline 7y Unlevered IRR Strong Commitment to Prime > Acq
Slide 56: Strict Discipline in Capital Allocation to Capture Growth and Generate Shareholder Value
3. Financials & Capital Allocation Framework Colonial SFL Strict Discipline in Capital Allocation to Capture Growth and Generate Shareholder Value Strong Shareholder Returns > Solid FFO Generation allows for attractive Shareholder Remuneration > Additional value growth Capital Recycling Strict Finan
Slide 57: Reaffirming 2026 Guidance and Delivering Strong Mid-Term EPS Growth
3. Financials & Capital Allocation Framework Reaffirming 2026 Guidance and Delivering Strong Mid-Term EPS Growth Capturing Future Growth Through Disciplined Capital Allocation and Financial Management EPS & DPS Guidance Mid Term EPS Guidance €cts./share 2026 €cts./share 2028 EPS 34-35 EPS 39 - 41 DP
Slide 58: Attractive and Sustainable Shareholder Remuneration
3. Financials & Capital Allocation Framework Shareholder Attractive and Sustainable Shareholder Remuneration Remuneration Strict Capital Financial Recycling Discipline Consistently Delivering Substantial Dividends Active Strategy for Shareholder Remmuneration €cts./share 32 27 DPS1 25 22 20 18 Progr
Slide 59: 4. Strategic Plan & Value Drivers
4. Strategic Plan & Value Drivers Carlos Krohmer Chief Corporate Development Officer
Slide 60: A Strategic Framework with Three Pillars for a Strong Value Creation Proposition
4. Strategic Plan & Value Drivers A Strategic Framework with Three Pillars for a Strong Value Creation Proposition 1 Prime CBD Operations 2 Alpha X – Prime Factory 3 Capital Recycling Managing & Repositioning Transforming Active Portfolio Management ▪ Pricing Power & Differentiation ▪ Driver of Mid-
Slide 61: Our Platform Has Significant Embedded Growth to be Unlocked in the Next Three Years
4. Strategic Plan & Value Drivers Our platform Has Significant Embedded Growth to be Unlocked in the Next Three Years 2026 2027 2028 1 Occupancy Barcelona Prime CBD Operations Madrid - Pricing Power with high occupancy Managing & Repositioning Paris - Pricing Power with high occupancy 2 Madnum – Hau
Slide 62: Prime CBD Operations as a Lever for Differentiation and Pricing Power
4. Strategic Plan & Value Drivers Prime CBD 1 Prime CBD Operations as a Lever for Differentiation and Pricing Power Operations Core portfolio with solid rental Gross Rental Income income growth Net Rental Income beating indexation > Barcelona with occupancy ramp- up and rental growth Louvre Saint-Ho
Slide 63: Alpha X Continued Value Creation Through Project and Portfolio Transformation
4. Strategic Plan & Value Drivers Alpha X 2 Continued Value Creation Through Project and Portfolio Transformation Prime Factory Transforming Gross Rental Income €m ~100 Delivered Projects Haussmann Business Campus ~80 EPRA Recurring Profit/ FFO Projects Alpha X 2025-28 Growth Impact Delivered Projec
Slide 64: Capital Recycling Driving Value Creation and EPS Accretion
4. Strategic Plan & Value Drivers 3 Capital Recycling Driving Value Creation and EPS Accretion Active Portfolio Management Disposals of - €0.7bn Paris 50% Net Disposals of €0.5bn EPRA Recurring Profit/ FFO €0.5bn €0.2bn EPS accretive return arbitrage 2025-28 Growth Impact > Divestments at yields aro
Slide 65: A Unique Combination of EPS Growth and Value Creation
4. Strategic Plan & Value Drivers A Unique Combination of EPS Growth and Value Creation 1 EPRA Recurring Profit Growth per share – 2025-28 Sector Leadership in €cts./share Prime CBD Operations Recurring Profit/ FFO Managing & Repositioning 2026-28 Growth Profile 2-3 (10) - (11) 8-9 2 39 - 41 5-6 Gro
Slide 66: 5. An Unparalleled Opportunity in European Prime
5. An unparalleled opportunity in European Prime Pere Viñolas Chief Executive Officer
Slide 67: An Unparalleled Opportunity in the Prime European Real Estate
5. An unparalleled opportunity in European Prime An Unparalleled Opportunity in the Prime European Real Estate Superior Market Growth in the Prime Asset Class Colonial SFL Best Positioned to Play European Prime Growth Cycle • 1 European Gateway Cities with high growth on the back of accelerating • 1
Slide 68: Our Prime Strategy Delivers Sector-Leading Rental Growth
5. An unparalleled opportunity in European Prime Our Prime Strategy Delivers Sector-Leading Rental Growth Louvre Saint-Honoré Miguel Ángel 23 Madrid CBD Colonial Unrivalled Portfolio of Iconic Assets in Ultra-Prime Locations Paris CBD GRI LfL1 growth FY2025 7% Colonial SFL 5% Peer 5 Peer 6 Peer 1 Pe
Slide 69: Strategic Portfolio Rotation Driving Higher Prime Exposure and Earnings Power
5. An unparalleled opportunity in European Prime Strategic Portfolio Rotation Driving Higher Prime Exposure and Earnings Power Recurring EPS Has Expanded While Leverage Remained Disciplined EPS €cts/sh 33.6 +2.9x 94% 96% City Centre City Centre Group LTV 42% 39% GAV 2015 41% 37% GAV 2025 36% 40% 36%
Slide 70: A Solid Capital Allocation Framework Ensures Sustainable Value Creation
5. An unparalleled opportunity in European Prime A Solid Capital Allocation Framework Ensures Sustainable Value Creation with Financial Discipline Capital Allocation Framework with Three Strategic Pillars Prime Financial Structure Investment Discipline 1 Prime CBD 2 Prime Factory 3 Portfolio Managem
Slide 71: A Distinctive REIT Investment Opportunity Built on Growth, Value Creation and Financial Discipline
5. An unparalleled opportunity in European Prime A Distinctive REIT Investment Opportunity Built on Growth, Value Creation and Financial Discipline Top Management Sector Leadership in Recurring Profit/ FFO 2026-28 Growth Profile Total Return 2025-28 Alignement EPRA Recurring Profit Growth per share
Slide 72: Thank You
THANK YOU www.colonial-sfl.com © 2026 Colonial SFL
Slide 73: AI Office Take-up in Europe Has Surged 13x Over Five Years
Appendices AI Office Take-up in Europe Has Surged 13x Over Five Years, Demand Concentrated in Paris and London Strong demand from AI coming from large players Paris and London positioned as Top AI destinations 13x growth (20x absolute growth) in take-up in 5 years % total tech sector share on take-u
Slide 74: Increasing Demand for Grade A Product in CBD
Appendices Increasing Demand for Grade A Product in CBD Quality Driven Demand in CBD Grade A Supply is Absorbed in Less Than One Year +6–7pp increase in Grade A share across Colonial’s CBD markets since 2021 Percentage of Grade A Take Up 2025 Grade A 2025 Grade A Take-up Multiple Take-up Availabilit
Slide 75: Our Resilient Business Model Provides Long-Term Sustainable Cash Flow Growth
Appendices Our Resilient Business Model Provides Long-Term Sustainable Cash Flow Growth Structurally High Occupancy with Projects Driving Expansion… …Underpin Sustained Cash Flow Growth EPRA Occupancy Annual Recurring Earnings % €m 97% 97% 211 96% 96% 95% 96% 96% 95% 92% 93% +12% CAGR 17-25 +155% 83
Slide 76: Our Prime Portfolio Delivers Superior Rental Growth
Appendices Our Prime Portfolio Delivers Superior Rental Growth Rental Growth1 with Average Spread on Indexation of +350bp Release Spread3 Consistently High 26% 9% 8% 7% 17% 6% 6% 6% 14% 5% 13% 5% 5% Rental growth 8% 8% over 7% indexation 6% 5% Indexation2 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 77: www.colonial-sfl.com © 2026 Colonial SFL
www.colonial-sfl.com © 2026 Colonial SFL