Build-to-hold

TAG Rental Portfolio Poland: completion of units over time
TAG Rental Portfolio Poland 12/31/2024
Region Units Rentable
area sqm 		IFRS BV EURm* In-place
yield 		Vacancy
Dec-2024 		Vacancy
Dec-2023 		Net actual
rent EUR/
sqm/month* 		l-f-l rental growth
y-o-y***
Wroclaw 1,435 59,732 175.6 5.8% 9.8%** 3.2% 15.82 3.1%
Poznan 1,196 53,835 137.8 5.8% 0.4% 0.9% 12.51 4.3%
Lodz 527 22,020 53.6 5.8% 0.2% 29.4% 11.89 0.4%
Total residential units 3,158 135,587 367.1 5.8 4.5% 6.7% 13.77 3.2
Commercial units 61 6,752 18.6 5.7 14.1% 17.0% 15.68 ---
Total portfolio 3,219 142,339 385.7 5.8 4.9% 7.2% 13.85 ---

* Fair value and net actual rent based on PLN/EUR period-end exchange rate of 0.2339 as of 31 Dec-2024
** incl. one new project, which is partly under construction and partly in the letting process. Excluding this property, the vacancy rate in Wroclaw is 2.0%
*** Units in operation for more than one year