Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI have improved slightly YoY mainly due to higher income from Nervesa21 and Via dell'Industria 18 following the completion of the redevelopment, as well as a benefit reversal of bad debt provisions. However, distributable income and DPS have declined YoY due to higher interest costs, lower interest income and higher tax expenses.
Rental Reversion
Portfolio rental reversion stood at +11.9% for 1H FY25. The logistics and light industrial segment saw a +8.3% uplift, while the office segment recorded a +13.6% reversion.
Development
In late June, SERT invested €50 million in Sponsor’s European data centre development fund AiOnX. There are 5 early-stage development sites in Denmark, Ireland, Italy, Spain and the UK with land area of 310 hectares.
Asset Enhancement Initiative & Redevelopment
AEI for Nove Mesto ONE Industrial I DC8 is completed in June 2025. There is a committed AEI for Spennyoor, focusing on space expansion
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