Results as at 31 March 2026

Q1 2026 ANALYST &

INVESTOR UPDATE

ALL DATA AS AT 31 MARCH 2026 UNLESS OTHERWISE STATED

Overview

Key Achievements 1Q 2026

Occupancy

• Occupancy increased from 93.5% to 94.6% yoy, with improvements in nearly all markets.

• 40% of current vacancy already leased with future lease start dates upcoming.

  Income

• Due to sales of non-core properties totaling 228,587 sqm of GLA (-25%) and €34m of annualised income (-15%) over the past 12 months, GRI is down 18.4% to 55.9m.

• Despite non-core sales, improved operating efficiency and lower landlord leakage has resulted in smaller decline of NRI of 15.5% to €45.8m and FFO I to €25.9m.

• On like-for-like basis In-Place GRI was up 2.3% yoy.

  Book Value

• Total Property Portfolio (GAV) down 1.9% to €4,586m ytd mainly because of non-core asset disposals, like-for-like GAV +1.2% yoy.

  Development

• Three active development projects are 100% pre-leased and advancing on time and on budget with a target blended yield on cost of 5.5%.

• Two more developments are in planning phase (with total costs of €183m and an average estimated yield on cost of 6.7%).

  Transactions

• Despite challenging market environment closed 3 disposals in 1Q 2026 totalling c. €134m in proceeds at 1% premium to book value.

• Five additional disposals closed in 2Q 2026 (c. €72m proceeds) with four additional future sales signed (c. €64m proceeds).

  Balance Sheet / P&L

• Maintained solid Balance Sheet with an Equity Ratio improving to 48.4%, Net LTV reducing to 33.4%, a stable Net Debt/EBITDA of 11.3x, and stable all-in Cost of Debt at 2.4%.

• All major P&L line items are down yoy because of successful disposals in the past.

  Capital Return

• Purchased c. 1.9m treasury shares until mid May returning c. €47m via share buybacks at 8% discount to IFRS NAV.

• Ordinary dividend distribution of €0.90 per share in May 2026 (3.3% dividend yield of IFRS NAV / 3.6% dividend yield on share price ex div date).

• Total capital returned to shareholders of c. €130m via the ordinary dividend distribution and share buybacks until mid May. Share buyback programme ongoing.

Overview

Macroeconomic & Market Environment

Macroeconomic Environment

Office Market Environment

Economy

• Net Take-up is marginally down in Q1 2026 yoy while the overal trend of the last two years is flat.

• German markets continue to shed space, a trend that is likely to be exacerbated by the economic implications of the Iran war.

• Increasing energy prices have taken center stage again and have delayed a more meaningful economic recovery at least into 2027.

• Persistent inflation paired with weak growth has heightened stagflation risks across the Eurozone, prolonging uncertainty for interest-rate-sensitive sectors such as real estate.

Occupancy Demand

Sentiment

• Business surveys weakened significantly in the wake of the Iran war. Now even hiring intentions in services are trending negative.

• GDP growth outlook is subdued and heavily dependent on the outcome of the conflict in Iran, while the tariff discussions with the US seem to be flaring up again.

• Across Germany, vacancy levels continue to rise to 10y highs with all markets adding between 70 and 150+bps yoy.

• Frankfurt and Munich most likely to see improvement.

• Prague and Warsaw on a positive trajectory, Vienna is flat while Budapest is likely to experience more pressure in 2026 after a softer 2025.

Vacancy

Employment

• Rental growth present in most CAI markets, but pace is

  decelerating.

• Prime continues to attract top rent, solid rental evidence in German markets in Q1 2026; secondary suffers while overall market average stalls or even declines.

• Aggregate labor markets are still cushioning households against the energy shock, but Germany's deteriorating trend is increasingly the binding constraint on the euro area outlook.

• CEE's tightness keeps wage-driven price pressures on central banks' radar.

Rents

Inflation

• Inflation reached 3.0% in April in the Eurozone driven almost entirely by energy costs.

• Core and services inflation continued to moderate, but second round effects create a risk these will come back in a couple of months.

• Since mid 2024, yields have sharpened by 20-50 bps. Berlin, Munich, Prague and Vienna saw the largest gains.

• Transactional evidence points to a wide yield spectrum as deals are scattered across all return profiles. Prime deals are sparce with a few cases in the mixed-use segment skewing the evidence.

Yields

Interest Rates

• Deal volumes in Germany grew in all markets except Berlin while in CEE Budapest and Warsaw exceeded last year's results in Q1 2026.

• Average deal volume is gradually increasing, but €100m+ deals

remain rare.

• Market pricing for ECB policy has shifted from no rate moves anticipated for 2026 at the start of the year to close to three 25 bp hikes now priced in by year-end, reinforcing a higher-for-longer outlook for property financing costs.

Transaction Activity

Politics

• Unsecured financing market accessible but cost of debt inching higher. Banks willing to finance prime product.

• Iran conflict weighing on broader market sentiment, driving

spread widening and increasing funding costs across asset classes.

• Europe is challenged to find a new place in a new world order as traditional partnerships deteriorate.

• Fragile coalitions of traditional political parties held together via higher spending/borrowing while status-quo challengers across Europe gain ground (e.g. Germany, UK, France).

Access

to Finance

Renewed inflation, weak growth and likely ECB hikes weigh on markets, office demand stays subdued with prime assets outperforming, while yields and investment volumes

stall amid geopolitical tensions.

Overview

Key Strategic Priorities

Focus on Profitability

Accelerate Non-Core Disposals

Simplify Business Model

Maintain Balance Sheet

Accretive

Re-Investment

Return of

Capital

Select External Investment

Priorities Select Steps

Overview

Future Return Drivers and Select Steps

Lease Up Vacancy

Capture Reversion

Organic Portfolio Growth

Disposal of Non-Core Assets

Distribute post Non-Core Disposals

Select Acquisitions

Return Drivers Select Steps / Impact

PORTFOLIO OVERVIEW

Grasblau, Berlin ↑

Hochhaus am Europaplatz, Berlin ↓

Heidestraße 58, Berlin ↑ John F. Kennedy Haus, Berlin ↓

Appendix

Portfolio Overview

Total Portfolio

Total Portfolio by Region1) Total Portfolio by City1) Total Portfolio by Investment Stage1)

5,000

4,500

4,000

3,500

3,000

2,500

2,000

4,471 4,586

5%

5,000

73%

4,500

4,000

3,500

3,000

2,500

2,000

5,000

4,471

4,586

6% 41%

10%

79%

84%

4,000

€m

3,000

2,000

500

-

2018 1Q 2026

500

-

4,471

4,586

11%

12%

10%

5%

7%

4%

8%

9%

18%

15%

7%

14%

4%

37%

19%

2018 1Q 2026

1,000

-

2018 1Q 2026

Germany CEE Austria

Berlin Bucharest Budapest Frankfurt Munich

Other Prague Vienna Warsaw

Investment Properties Active Development

Under Construction

Landbank Other 2)

Active Development

In Planning

Appendix

Portfolio Overview

Investment Properties - KPI's (I)

Investment Properties by Region1) Investment Properties by City1)

6,000

5,000

4,000

3,000

2,000

1,000

6,000

4,736

4,754

4,308

12%

13%

9%

8%

17%

3%

12%

9%

17%

12%

4,255

3,760

13%

14%

9%

9%

14%

2%

13%

10%

16%

11%

9%

4%

18%

2%

11%

8%

9%

5%

20%

2%

10%

8%

10%

6%

11%

6%

11%

4%

19%

3,706 3,644

12% 10%

6% 6%

8% 9%

5% 5%

22% 23%

13%

7%

13%

4%

13%

4%

24%

25%

26%

30%

29%

30%

31%

11%

7%

10%

5%

5,000

4,000

3,000

2,000

1,000

3,760

4,308

13%

4,736

11%

4,754

7% 4,255

6%

15%

30%

42%

29%

3,706

6%

24%

3,644

6%

23%

47%

50%

62%

63%

66%

47%

50%

70%

71%

35%

40%

-

2018 2019 2020 2021 2022 2023 2024 2025 1Q 2026

-

2018 2019 2020 2021 2022 2023 2024 2025 1Q 2026

Germany CEE Austria Berlin Bucharest Budapest Frankfurt Munich Other Prague Vienna

Appendix

Portfolio Overview

Investment Properties - KPI's (II)

Appendix

Portfolio Overview

Investment Properties - Like-for-Like-Performance 1Q 2026 vs 1Q 2025

Key Drivers 2025 vs 2024

• Gross Asset Value increased by 1.2%, driven primarily by Czechia, where nearly all assets recorded an average valuation uplift of 8.6%. Poland and Germany contributed yoy gains of 3.3% and 0.5% respectively, with a modest valuation gain in Germany and the Saski Crescent refurbishment as the key driver in the Polish portfolio.

• In-Place GRI (annualized) increase of 2.3% with main drivers in Austria (+5.2%) and Germany (+4.2%). The main driver for the higher in-place GRI was the

  occupancy increase in most assets. In Czechia, the Danube House refurbishment has a negative impact on In-Place GRI.

• From GRI increase and broadly flat values the total yield increased slightly by +6bps. Czechia and Hungary have seen a yield compression with main driver being the Danube House refurbishment in Prague and the Gross Asset Value decrease in Hungary.

• Occupancy (by sqm) increasing by +42bps on the back of strong leasing. Most significant increase in Poland +495 bps and Czechia +163 bps. The decrease in Hungary is mainly attributable to one tenant leaving an asset and another one downsizing in another asset.

Note: Like-for-like comprises only investment properties, that were stabilized at both key dates. Excluded Assets: Quartiersgarage (Mainz), Spreebogen (Berlin) , Intercity, Busterminal & Campanile (Frankfurt), Bartók Ház, Capital

Appendix

Portfolio Overview

Investment Properties - 10 Largest Assets

1. ONE
2. Skygarden
3. Hochhaus am Europaplatz
4. Kontorhaus
5. MY.O
   
   

   City

   Frankfurt

   City

   Munich

   City

   Berlin

   City

   Munich

   City

   Munich

   Book Value

   €475.2m

   Book Value

   €281.3m

   Book Value

   €231.9m

   Book Value

   €216.4m

   Book Value

   €166.2m

   GLA

   68,643 sqm

   GLA

   32,276 sqm

   GLA

   22,948 sqm

   GLA

   28,744 sqm

   GLA

   27,094 sqm

   Occupancy

   94.6%

   Occupancy

   98.5%

   Occupancy

   100.0%

   Occupancy

   99.1%

   Occupancy

   100.0%

   In-Place GRI

   €24.1m

   In-Place GRI

   €12.2m

   In-Place GRI

   €9.3m

   In-Place GRI

   €9.1m

   In-Place GRI

   €8.3m

   Ave. Office Rent

   €36.3/sqm

   Ave. Office Rent

   €31.3/sqm

   Ave. Office Rent

   €34.8/sqm

   Ave. Office Rent

   €23.6/sqm

   Ave. Office Rent

   €24.9/sqm

   WAULT1

   9.3 / 10.4 / 16.5

   WAULT1

   2.8 / 2.8 / 7.8

   WAULT1

   8.0 / 8.0 / 18.0

   WAULT1

   4.2 / 4.2 / 9.5

   WAULT1

   2.9 / 4.5 / 14.0

6. JFK Haus
7. Grasblau
8. MY.B
9. Jean-Monnet-Tower
10. Warsaw Spire Building B
    
    

    City

    Berlin

    City

    Berlin

    City

    Berlin

    City

    Berlin

    City

    Warsaw

    Book Value

    €153.2m

    Book Value

    €124.5m

    Book Value

    €123.9m

    Book Value

    €116.8m

    Book Value

    €96.0m

    GLA

    17,949 sqm

    GLA

    13,493 sqm

    GLA

    14,881 sqm

    GLA

    14,225 sqm

    GLA

    21,695 sqm

    Occupancy

    95.4%

    Occupancy

    100.0%

    Occupancy

    99.0%

    Occupancy

    100.0%

    Occupancy

    100.0%

    In-Place GRI

    €6.7m

    In-Place GRI

    €6.2m

    In-Place GRI

    €6.0m

    In-Place GRI

    €4.8m

    In-Place GRI

    €7.5m

    Ave. Office Rent

    €32.7/sqm

    Ave. Office Rent

    €42.5/sqm

    Ave. Office Rent

    €33.2/sqm

    Ave. Office Rent

    €25.3/sqm

    Ave. Office Rent

    €27.9/sqm

    WAULT1

    3.6 / 3.9 / 8.5

    WAULT1

    5.4 / 5.4 / 10.1

    WAULT1

    3.7 / 3.9 / 7.8

    WAULT1

    1.5 / 1.5 / 11.4

    WAULT1

    3.7 / 3.7 / 5.7

    Portfolio

    Financials

    Returns

    Capital Markets

    
    
    

    Appendix

    Portfolio Overview

    Investment Properties - Leasing Overview 1Q 2026

    Market	New Leasing (sqm)	Renewal (sqm)	Total Leasing (sqm)	Total Leases Signed (#)	Total GRI p.a. (€m)	Average Office Rent (€ psqm)	+ / (-) to ERV (%)1)	WAULT to Break (Yrs.)	WAULT to End (Yrs.)	WAULT to Last Ext. (Yrs.)
    Berlin	18,572	-	18,572	15	8.6	38.8	(5.4%)	10.7	10.7	13.5
    Budapest	6,039	296	6,335	40	0.4	5.4	(21.3%)	1.4	3.3	3.3
    Frankfurt	3,156	117	3,273	17	1.1	27.5	(10.7%)	6.9	6.9	9.4
    Munich	289	-	289	10	0.1	22.9	0.0%	3.0	5.1	10.1
    Prague	15,063	3,661	18,725	38	5.5	12.7	(0.9%)	6.3	6.5	14.5
    Vienna	5,186	417	5,603	31	1.0	15.1	13.2%	2.7	3.0	3.8
    Warsaw	2,226	1,711	3,937	35	0.8	15.1	45.6%	4.9	5.0	5.0
    Total	50,531	6,202	56,733	186	17.4	14.0	(2.5%)	6.8	7.1	10.9

    Key Drivers

    • In Q1 2026, 147 leases were sourced, and 41 leases were signed for a total of 56,733 sqm of rentable floor space.

    • 89% of the total accounted for new leases (incl. project pre-leasing) and expansion of space or pre-leases, 11% were renewals.

    • Office space accounted for around 95% of total letting activity.

    • The average size per office lease was 2,063 sqm in Q1 2026, compared to 1,379 sqm in FY 2025.

    • The conversion ratio (leases signed / leases sourced) on a 12-months rolling basis was at 20.7% (stable to FY 2025 at 22.6%).

    • 17 leases with 14.7k sqm representing 39.6% of current vacant space were signed with future start dates. Consequently, contractual occupancy (occupancy including signed leases not yet started) reached 96.8%.

    • In Q2 2026 17.1k sqm of leases are set to expire, representing a total annual GRI of €4.5m. C. 9.1k sqm of new leases and expansions signed are expected to

      commence, contributing a total annual GRI of €3.1m.

      Portfolio

      Financials

      Returns

      Capital Markets

      
      
      

      Appendix

      Portfolio Overview

      Investment Properties - Tenant Base

      Lease Maturity Profile

      35%

      20%

      17%

      10%

      10%

      8%

      100

      90

      80

      70

      60

      €m

      50

      40

      30

      20

      10

      -

      2026 2027 2028 2029 2030 2031+

      100%

      90%

      80%

      70%

      60%

      50%

      40%

      30%

      20%

      10%

      -

      Tenant Industry Distribution Professional Services
      
      Computers / HiTech
      
      Financial Services
      
      Consumer Services & Leisure
      
      Business Services
      
      Public Sector / Regulatory Body
      
      Manufacturing Industrial & Energy
      
      Other
      
      

      9%

      1%

      19%

      9%

      10%

      Total In-Place GRI: €193m

      19%

      16%

      17%

      Austria Czechia Germany Hungary Poland % of In-Place GRI Cumulated (rhs)

      Key Facts

    • Well-staggered lease maturity profile with shorter average WAULTs in CEE leading to higher churn rates.

    • High degree of blue-chip tenants. No industry dependency due to diversified tenant structure.

    • Largest tenant KPMG accounts for 7.7% of In-Place GRI (Annualized Rental Income). All other tenants have a share of <5%.

    • 100% of leases across the entire portfolio are euro-denominated.

      
      
      

    • Top 20 tenants account for 48% of In-Place GRI with a WAULT of 5.1 years.

      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      Top Tenants
      
      

      Portfolio

      Financials

      Returns

      Capital Markets

      
      
      

      Appendix

      Portfolio Overview

      Investment Properties - Europacity Berlin Neighbourhood Initiative

      
      
      Description

      • Cross-institutional initiative uniting four leading Berlin museums and research institutions: Hamburger Bahnhof - Nationalgalerie der Gegenwart, Museum für Naturkunde, Futurium and Berliner Medizinhistorisches Museum der Charité.

      • Combined footfall of c. 2 million visitors p.a., positioning the district as a leading hub for knowledge, art and future-oriented dialogue.

      • Connects cultural institutions with local businesses and residents, strengthening neighbourhood identity and urban fabric.

        Strategic Relevance for CA Immo

      • Active support of the initiative in CA Immo's role as long-term investor, developer and property owner in Berlin Europacity (significant investment portfolio and ongoing development pipeline).

      • Enhances international visibility and cultural identity of Europacity, increasing locational appeal for tenants, employees, residents and visitors.

      • Reinforces CA Immo's long-term placemaking approach and value

        creation strategy in Berlin, the Group's largest core market.

        Timing & Status

      • 11 May 2026: Official launch at press conference in Berlin; go-live of https://www.museumsmeilemitte.berlin.

      • 13 June 2026: Public opening with neighbourhood festival.

      • From June 2026 onwards: Continuous programme of public events and communication campaigns to establish the initiative at regional, national and international level.

        Portfolio

        Financials

        Returns

        Capital Markets

        
        
        

        Appendix

        Portfolio Overview

        Development Properties - Strong Track Record

        3,500

        3,000

        561

        148

        2,915

        2,500

        220

        83

        2,000

        178

        440

        1,500

        176

        77

        64

        1,000

        222 22

        611

        114

        500

        -

        2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Total

        €m

        Total Costs Invested (as at Year of Completion) CA Immo Development Track Record Properties Held Properties Sold Combined

    • Since 2011 CA Immo has developed

      assets with a total cost of c. €2.9bn.

    • Total GDV at completion was c. €3.7bn.

    • Incl. financing costs the profit based on

      the GDV at completion was c. €839m.

    • Out of that CA Immo still owns assets worth c. €2.5bn, which implies a profit of c. €823m.

    • The rest of the assets has been sold for a total of c. €1.9bn, which implies a profit of c. €561m.

      3,000

      2,500

      2,000

      €m

      1,500

      1,000

      500

      -

      Total Costs Book Value

      2,000

      2,448

      1,624

      1,800

      1,600

      1,400

      1,200

      €m

      1,000

      800

      600

      400

      200

      -

      Total Costs Sales Proceeds

      5,000

      1,852

      1,291

      4,500

      4,000

      3,500

      3,000

      €m

      2,500

      2,000

      1,500

      1,000

      500

      -

      Total Costs BV / Proceeds

    • This implies a value increase of c.

      4,300

      2,915

      €300m for assets still held and c.

      €294m for assets sold from GDV to

      book value / sales price.

    • These numbers do not include zoning projects, project under construction or projects, that have been planned but have not been constructed.

    • All in all, CA Immo has not had a single loss-making project.

      Portfolio

      Financials

      Returns

      Capital Markets

      
      
      

      Appendix

      Portfolio Overview

      Development Properties - Pipeline Overview

      Properties1)	City	Main Use	#	Construction Start	Completion	Buildable GLA (sqm)	Book Value (€m)	Total Costs (€m)	Costs Outstanding (€m)	Gross Yield on	Pre-Leased
      Upbeat	Berlin	Office	1	2021	2026	34,911	306.8	309.0	29.5	5.0%	100%
      Anna Lindh Haus	Berlin	Office	1	2024	2027	16,930	96.3	123.3	51.0	6.4%	100%
      Karlsgärten	Berlin	Office	1	2025	2027	11,295	54.3	85.3	25.8	5.6%	100%
      Total Active Developments Under Construction			3			63,135	457.2	517.6	106.3	5.5%	100%
      Skygreen Berlin		Office	1	2026	2029	18,442	39.6	128.2	89.1	6.9%	-
      Alexander von Humboldt Haus Berlin		Office	1	2026	2028	6,405	14.3	54.2	40.4	6.4%	-
      Total Active Developments In Planning			2			24,847	53.9	182.5	129.1	6.7%	-
      Millennium Tower Frankfurt		Office	1	-	-	114,612	71.5	1,026.2	954.5	-	-
      EC - Hamburger Höfe 04 Berlin		Office	1	2030	2032	27,999	26.5	228.3	211.8	-	-
      EC - MK 08 Berlin		Office	1	2030	2033	30,240	36.9	330.2	293.2	-	-
      Total Landbank Hold			3			172,851	134.9	1,584.7	1,459.5	-	-
      Landbank Sale -		-	7	-	-	88,386	32.2	-	-	-	-
      Total Development Properties -		-	15	-	-	349,922	678.4	-	-	-	-
      Key Drivers 1Q 2026

      Cost

    • 100% pre-lease for Anna Lindh Haus in Q1 2026 and 100% pre-lease for Karlsgärten.

    • Landbank Sale assets include three residential land plots in Berlin, Duesseldorf, and Essen, the Viertel Four land plots in Munich, and one remaining non office use land

      plot in Berlin. All land plots do not fulfil CA Immo's requirements in order to develop them in terms of location, sector, or size.

      Portfolio

      Financials

      Returns

      Capital Markets

      
      
      

      Appendix

      Portfolio Overview

      Active Developments Under Construction - Upbeat Update

      
      
      Description

      • Landmark office tower with three interconnected sections (5, 11, and 19 floors, up to 82 m high).

      • Underground parking for cars and ~300 bicycles, incl. e-charging facilities.

      • Construction follows the highest sustainability, health and connectivity standards incl. extensive digital, interconnected functions.

      • Upbeat is developed towards DGNB (Gold), WiredScore (Platin), and WELL Core (Gold) standards.

      • Primary energy consumption is targeted to be significantly below the current requirements.

      • 100% pre-leased.

        Timing

      • Start of construction works in 2021.

      • Completion expected at the beginning of 2026.

      • Tenant handover planned mid 2026.

        Status

      • Tenant handover preparations started.

        Financials

      • Total costs of c. €309m.

      • C. €15.0m of in-place GRI with WAULT to break on completion of 15 years.

      • Forecast yield on cost of c. 5.0%.

        Portfolio

        Financials

        Returns

        Capital Markets

        
        
        

        Appendix

        Portfolio Overview

        Active Developments Under Construction - Anna Lindh Haus Update

        
        
        Description

      • Class A office building with an iconic architecture, cutting edge sustainability credentials, excellent connections to public / private transportation, and high visibility and proximity to the core of Berlin's governmental district.

      • 15,195 sqm of GLA over seven floors above ground.

      • Sustainable hybrid timber building with 2 roof terraces, F&B outlet, green courtyard and 300 indoor bike spaces.

      • -37% lower energy demand, 50% less energy intensity (20 kg CO₂/sqm), fully electrified & PV on 30-50% of the roof for zero-carbon operations.

      • 1/3 lower embodied carbon and 100% rainwater reuse, aiming for platinum certifications received WiredScore Platinum).

        Timing

      • Start of construction works in 2024.

      • Completion expected beginning of 2027.

        Status

      • C. 90% of tendering completed and awarded below budget.

      • Signed two tenants that brings pre-leasing to 100%.

        Financials

      • Total unlevered costs of c. €123m.

      • Anna Lindh Haus is expected to generate c. €7.8m of in-place GRI.

      • Forecast yield on cost of c. 6.4%.

        Portfolio

        Financials

        Returns

        Capital Markets

        
        
        

        Appendix

        Portfolio Overview

        Active Developments Under Construction - Karlsgärten Update

        
        
        Description

      • Am Karlsbad 11 investment property was fully vacated and reclassified as development property (renamed "Karlsgärten") in Q1 2024.

      • Business plan to reposition well located ageing office asset

        at end of lifecycle.

      • Full refurbishment with new facade, technical systems, fit-out, an additional floor and new balconies, which leads to a higher GLA.

      • The building is targeted to be designed to DGNB Gold and will be developed in accordance with the expected requirements resulting from EU Taxonomy regulations.

        Timing

      • Start of demolition works in March 2025.

      • Completion expected beginning of 2027.

        Status

      • Preliminary building permit received (increase of 10% GLA achieved) and building permit application submitted.

      • Tendering and new construction ongoing.

      • 100% prelease (15Y lease to break, credit tenant).

        Financials

      • Total unlevered costs of c. €85m (including land/existing

        building).

      • Karlsgärten is expected to generate c. €4.7m of in-place GRI.

      • Forecast yield on cost of c. 5.6%.

        Portfolio

        Financials

        Returns

        Capital Markets

        
        
        

        Appendix

        Portfolio Overview

        Active Developments In Planning - Alexander von Humboldt Haus Update

        
        
        Description

      • Unique location directly at the waterfront of Humboldthafen

        and only a footstep away from Berlin's main railway station.

      • Building will provide for 6,125 sqm of GLA over eight floors above ground.

      • The building is targeted to be designed to DGNB standards and will be developed in accordance with the expected requirements resulting from EU Taxonomy regulations, fully electrified, energy-efficient building (<50 kWh/sqm), net-zero carbon ready (solar panels, heat pumps, green electricity).

      • 200 sqm communal roof terrace, green façades, 50% green roof and rainwater retention.

      • 600 sqm retail/F&B space, 450 sqm mezzanine for flexible

        use with waterfront views.

        Timing

      • Earliest potential start of construction works in 2026.

      • Completion expected c. two years after start.

        Status

      • Currently in planning phase.

      • Building permit in place.

        Financials

      • Total unlevered costs of c. €54m (incl. land).

      • Humboldthafen is expected to generate c. €3.4m of in-place GRI.

      • Forecast yield on cost of c. 6.4%.

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