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| 13Q 2025 RESULTS #1 November 13th, 2025 Colonial SFL 2025 Third Quarter Results
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| 23Q 2025 RESULTS By attending this 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 criminal liabilities. This document is strictly confidential and is being furnished to you solely for your information. It may not be reproduced, or redistributed to any other person, and it may not be published, in whole or in part, for any purpose. The information contained in this presentation (“Presentation”) has been prepared by Colonial SFL, SOCIMI S.A. (the “Company”) and has not been independently verified and will not be updated. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein and nothing in this Presentation is, or shall be relied upon as, a promise or representation. None of the Company nor any of its employees, officers, directors, advisers, representatives, agents or affiliates shall have any liability whatsoever (in negligence or otherwise, whether direct or indirect, in contract, tort or otherwise) for any loss howsoever arising from any use of this Presentation or its contents or otherwise arising in connection with this Presentation. This Presentation is for information purposes only and is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the Company and the Company’s publicly available information. The information and opinions in this presentation are provided as at the date hereof and subject to change without notice. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects. This Presentation does not constitute investment, legal, accounting, regulatory, taxation or other advice and does not take into account your investment objectives or legal, accounting, regulatory, taxation or financial situation or particular needs. You are solely responsible for forming your own opinions and conclusions on such matters and for making your own independent assessment of the Company. You are solely responsible for seeking independent professional advice in relation to the Company. No responsibility or liability is accepted by any person for any of the information or for any action taken by you or any of your officers, employees, agents or associates on the basis of such information. This Presentation contains financial information regarding the businesses and assets of the Company. Such financial information may not have been audited, reviewed or verified by any independent accounting firm. The inclusion of such financial information in this Presentation or any related presentation should not be regarded as a representation or warranty by the Company, its affiliates, advisors or representatives or any other person as to the accuracy or completeness of such information’s portrayal of the financial condition or results of operations by the Company and should not be relied upon when making an investment decision. . Certain financial and statistical information in this document has been subject to rounding off adjustments. Accordingly, the sum of certain data may not conform to the expressed total. Certain statements in this Presentation are forward-looking. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changing economic, business or other market conditions, changing political conditions and the prospects for growth anticipated by the Company’s management. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Presentation and based upon past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The market and industry data and forecasts included in this Presentation were obtained from internal surveys, estimates, experts and studies, where appropriate as well as external market research, publicly available information and industry publications. The Company, it affiliates, directors, officers, advisors and employees have not independently verified the accuracy of any such market and industry data and forecasts and make no representations or warranties in relation thereto. Such data and forecasts are included herein for information purposes only. Accordingly, undue reliance should not be placed on any of the industry or market data contained in this Presentation. NEITHER THIS DOCUMENT NOR ANY OF THE INFORMATION CONTAINED HEREIN CONSTITUTES AN OFFER OF PURCHASE, SALE OR EXCHANGE, NOR A REQUEST FOR AN OFFER OF PURCHASE, SALE OR EXCHANGE OF SECURITIES, OR ANY ADVICE OR RECOMMENDATION WITH RESPECT TO SUCH SECURITIES. DISCLAIMER
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| 33Q 2025 RESULTS Agenda 01 Financial Performance02 03 Portfolio Management Future Growth04 Highlights
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| 43Q 2025 RESULTS 01 Our Strategic Positioning in Prime is set to deliver earnings and value growth Highlights Prime Asset Class delivers strong rental growth through superior pricing power ▪ Pricing power on the back of Prime CBD locations with strong connectivity, flexible & efficient floor plates & amenities ▪ High demand from best-in-class clients capturing above average rental growth with our skills and capabilities ▪ Strong earnings growth on the back of a multi-layer platform The Prime Asset Class delivers superior growth GRI like for like growth YoY Superior growth capabilities 3-year EPRA Earnings CAGR Colonial SFL Paris Peer Colonial SFL Peer Peer Peer Peer +9% CAGR Colonial SFL to continue serving its clients’ needs through Urban Transformation ▪ Strong letting momentum on recent deliveries ▪ Urban Transformation pipeline providing future rents ▪ Science & Innovation platform to capture 3rd party capital Solid track record on creating prime product - Superior returns through Prime Factory Approach - Madnum Haussmann Scope Sancho de Ávila Condorcet Sta. Hortensia Masid Basid 22,000 sqm 17,860 sqm 24,000 sqm 47,000 sqm Fully prelet 119 129 147 156 09/22 09/23 09/24 09/25 40,000 sqm let 2,000 sqm let
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| 53Q 2025 RESULTS 01 Our Prime Asset Class Strategy delivers robust results Highlights Gross Rental Income €296m +5% LfL YoY Occupancy 91% 95% Portfolio excl. Madnum & Haussmann Rental Growth1 +6% +9% in Paris Loan To Value 38.1%3 3 2 Financial Cost 1.89% Release Spread2 +9% +17% in Paris EPRA EPS €25 cts Full Year Guidance on track EPRA Earnings €156m +6% YoY Sustained Cash Flow Growth 1 Operational Outperformance Solid Capital Structure 1) ERV Growth for Colonial commercial effort. Signed rents vs 12/24 ERV (new lettings & renewals) 2) Signed rents vs. previous contracts in renewals & re-let spaces 3) EPRA LTV stands at 47% Strong Credit rating S&P BBB+ Moody’s Baa1 Rating confirmed as of 09/25
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| 63Q 2025 RESULTS 01 The Best Prime Product delivers outperformance in rental growth Madrid BarcelonaParis 1) ERV Growth for Colonial commercial effort. Signed rents vs 12/24 ERV (new lettings & renewals) Highlights Maximum rent signed 30 €/sqm/month Maximum rent signed 43 €/sqm/month Maximum rent signed c.1,200 €/sqm/year +9% YTD 2025 +6% YTD 2025 +3% YTD 2025 Rental growth1 Rental growth1 Rental growth1 100% 94%
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| 73Q 2025 RESULTS Financial Performance02
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| 83Q 2025 RESULTS 02 Financial Performance Rental Income increase through solid growth in Core Portfolio & Project deliveries Gross Rental Income Variance €m 1) Like-for-like calculated following EPRA BPR recommendations 2) Includes Condorcet & Haussmann entries into refurbishment as well as small other non like for like impacts +8% Like for like1 Delivery of Projects 2 Gross Rental Income Total Increase YoY Core Portfolio Like for like +5% Gross Rental Income Growth (%) Delivered Projects & Acquisitions +3% +1% Alpha Condorcet & Haussmann (7%) +8% Madnum Madrid City Centre 2
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| 93Q 2025 RESULTS 02 Financial Performance Strong Gross like for like Rental Income growth through superior pricing power €m Gross Rental Income Like for Like 1) Like-for-like calculated following EPRA BPR recommendations +2% +2% +1% +5% like for like Colonial SFL outperforms in LfL rental growth Gross Rental Income Like for Like YoY Colonial SFL | Paris Peer Peer Peer Peer Peer Asset Class Prime Office & Other Office & Other Office & Other Office Office & Other Avg. Peers Colonial SFL Prime 266 6 5 1 278 LfL GRI 09/24 Indexation Rental Growth Premium Occupancy LfL GRI 09/25
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| 103Q 2025 RESULTS 147 11 5 9 156 (17) Recurring Profit 09/24 Core Portfolio Project Deliveries & Acquisitions SG&A, Financial Cost & Others Condorcet, Haussmann & Other no LFL Recurring Profit 09/25 02 Financial Performance EPRA earnings growth on the back of strong operations €m EPRA EPS €cts. EPRA Earnings Variance 1) Includes overheads, financial costs, taxes, other income, minorities of SFL & others 2) Includes Condorcet & Haussmann entries into refurbishment as well as other non like for like impacts +6% 1 2 Nosh 568m shares 627m shares 25.9 24.9 09/24 09/25 +18%
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| 113Q 2025 RESULTS 1.8% 1.7% 1.9% 12/23 12/24 09/25 02 Financial Performance Balance Sheet remains strong with increased liquidity position Competitive cost of debt1 % Loan To Value % 47.0%43.7%EPRA LTV LTV incl. transf. costs 36.0% 38.1% 12/24 09/25 4.94.5 NET DEBT €bn 1.6x Coverage 25-27 Debt Maturities €bn Debt maturities 25 - 27 2026 2027 2025 Ample liquidity position 0.7 2.8 09/25 Cash 1) Spot cost of current gross debt including hedging instruments Undrawn lines
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| 123Q 2025 RESULTS 02 Financial Performance Strong credit profile recognized by markets and rating agencies Strong credit rating… “Colonial maintains high-quality offices and demonstrates strong operational performance” “Liquidity management is sound, supported by solid access to capital markets and a substantial amount of unencumbered assets” “The company’s forward-looking hedging policy helps mitigate the impact of rising interest rates” …attracts top tier demand in debt markets Moody’s highlights Colonial SFL’s > Strong operational performance > Robust liquidity management > Forward-looking hedging strategy Baa1 Stable Outlook Baa1 Rating confirmed by Moody’s on Sep25 €500m | 5-year Green Bond (Jan 25) > Competitive 3.25% coupon > Results in a 2.75% effective yield after hedging > 8x oversubscribed €800m | 6-year Green Bond (Sep 25) > Coveted security with 3.125% coupon > Hedging lowers effective yield to 2.73% > Several big-ticket accounts with orders above €100m Two benchmark Green Bonds placed in 2025
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| 133Q 2025 RESULTS 03 Portfolio Management
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| 143Q 2025 RESULTS 03 Portfolio Management Our Prime Portfolio delivers outstanding letting performance Madrid €18m €54m Annualized GRI ParisBarcelona €16m Strong growth in annualized GRI Robust letting performance across Barcelona, Madrid & Paris €m +26% YoY €20m 43 54 YTD 2024 YTD 2025 125,714 sqm 112,734 sqm +12,980 sqm YoY Madrid 57,046 sqm 125,714 sqm signed Paris 14,196 sqm Barcelona 54,473 sqm
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| 153Q 2025 RESULTS Robust leasing activity in Colonial-SFL Paris 03 Portfolio Management Haussmann Saint - Augustin Paris CBD Successful renovation program executed Champs Élysées 92 - Retail Paris CBD +2,100 sqm Flagship Lease in Champs Élysées +11% ERV 12/24 +16% Release Spread +€8m annualized GRI signed Louvre Saint Honore - Office Paris CBD Repositioning success driving prime demand +18% ERV 12/24 > 1,100 sqm surface signed in Aug 25 +€3m annualized GRI signed +€2m annualized GRI signed Rental price > 3,700 €/sqm/y 2,100 sqm signed Rental prices > 1,100 & c. 1,200 €/sqm/y 2,700 sqm signed Rental price > 1,000 €/sqm/y 1,900 sqm signed +11% ERV 12/24 +16% Release Spread
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| 163Q 2025 RESULTS Madrid and Barcelona with accelerating leasing momentum 03 Portfolio Management 22@ MADRID BARCELONA 57,046 sqm signed 09/25 54,473 sqm signed 09/25 21,601 sqm signed in Madnum 40,028 sqm signed in 22@
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| 173Q 2025 RESULTS Madnum attracting top tier clients > +13,000 sqm Ericsson to house 1,800 employees in a next-gen workspace > +2,300 sqm signed with global leader in recorded music and publishing > +23,800 sqm let to corporates in tech, fashion, industrials and online retail Madnum – Flagship Campus on track to achieve full occupancy 03 Portfolio Management >8% Yield On Cost €20m New Rents Madnum advancing towards full occupancy 59,605 c.40,000 Sqm signed 1) Includes contracts signed during 2H 2024 sqm 22,508 39,632 17,124 19,972 1H 2025 Q3 25 Total signed Remaining to be let Total surface 1 19,972 sqm – high demand > + 3,500 sqm signed in October > Additional +5,000 sqm under conversations 27 €/sqm/month signed Ericsson to relocate its headquarters in Spain to Madnum
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| 183Q 2025 RESULTS Our Prime Asset Class portfolio achieves superior rental growth 03 Portfolio Management Barcelona Paris Madrid Release Spread 1 Indexation3ERV Growth 2 +9% +6% +3% Group +17% +4% (0.8%) +9% +6% +2.4% +2.6% +2.6% +2.5% YoY Strong pricing power across markets 1) Signed rents vs. previous contracts & re-let spaces 2) Signed rents vs 12/24 ERV (new lettings & renewals) 3) Annualized impact on contracts subject to indexation Return-to-office momentum reinforces global polarization Sources: CBRE 2025 Office Survey, Wall Street Journal, Business Insider, Bloomberg, CNBC, RCA, CRE Manhattan: Record-breaking flight to quality, with 23.2m sq ft leased in the first nine months of 2025 — highest since 2006 - 143 leases signed above $100/sq ft surpass 2024 total figure - Paris: Central office deal volumes up +96% YoY in 3Q 2025 HSBC asks MDs to work in office four days a week Bloomberg | Jul 25 Novo Nordisk tells staff to return to office full- time amid CEO's revival effort CNBC | Sep 25 Return-to-office mandate is “necessary for innovation” We've looked at how our teams work best, and the data is clear: when people work together in person more often, they thrive Amy Coleman | HR Chief Microsoft | Sep25 Dimon reups JP Morgan's return-to-office push Bloomberg | Oct 25 Spread over Indexation 670bp 287bp 32bp 353bp ERV vs Indexation
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| 193Q 2025 RESULTS Stable Group EPRA occupancy Madnum & Haussmann 4.4% Available prime space provides additional reversion Méndez Álvaro Prime Paris 0.7% 1.1% 0.7% Prime Madrid & Barcelona1 Secondary Madrid/Barcelona 1.7% Barcelona 22@ Solid occupancy profile with attractive reversion potential Haussmann 03 Portfolio Management 96% 97% 95% 91% 95% 12/22 12/23 12/24 09/25 09/25 Portfolio excl. Madnum & Haussmann 1) Includes CBD & City Centre 3.2% 119 bp improvement due to contracts signed in Madnum
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| 203Q 2025 RESULTS Leadership in Sustainability on the back of a Prime Asset Class Strategy 03 Portfolio Management 2025 GRESB STANDING INVESTMENTS BENCHMARK 2025 GRESB DEVELOPMENT BENCHMARK REPORT 6.0 Top 0.15% (negligible risk) STANDING INVESTMENTS RATING 94/100 score 2025 GRESB Rankings DEVELOPMENT BENCHMARK RATING 98/100 score 2025 Sustainalytics Rankings Leader among Ibex 35 - 3rd year in a row ranked 1st - Global Ranking: Top 0.2% (22 out of 14,412 companies) Real Estate Ranking: Top 0.5% (5 out of 950 companies) REIT Ranking: Top 1.0% (4 out of 410 companies)
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| 213Q 2025 RESULTS Future Growth04
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| 223Q 2025 RESULTS Our Pan European Prime Platform delivers strong earnings growth 04 Future Growth Rental Growth Prime Factory Projects & Value Add Initiatives Financial Hedging Capital Recycling & Acquisitions Proven earnings growth track record on the back of a multi-layer growth platform €m 1) Earnings CAGR between 09/22 – 09/25 119 129 147 156 09/22 09/23 09/24 09/25 +9% CAGR1
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| 233Q 2025 RESULTS 04 Urban Transformation Projects Third Party Capital Science & Innovation Prime Asset Reversion Cash Flow Growth Opportunistic Capital Recycling EPS Impact +€11cts Mid-term EPS Impact +€2-3cts Mid-term GRI Impact +€47m Mid-term Capture Opportunities in the European Real Estate Cycle III I IV II Strong EPS Growth Profile with Double-Digit IRRs +13% Levered IRR Future Growth +15% Levered IRR
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| 243Q 2025 RESULTS Urban Transformation Projects providing additional cash flow and value creation 04 Haussmann Scope Condorcet Sancho de Ávila Santa Hortensia 2025 2026 2027 2028 Madnum Project & Renovations 87,000 sqm Colonial-SFL to continue serving its clients’ needs through Urban Transformation Close to 200,000 sqm in Urban Transformation Initiatives with €100m of rental income Diagonal 197 Business Campus 59% 35% 6%Business Campus Life Science/ Healthcare Urban Mixed use €100m Topped-up GRI 22.000 sqm 41,860 sqm 46,928 sqm Business Campus Business Campus Madnum Urban Mixed Use Alpha X - Project Pipeline More than 110,000 sqm Urban Mixed Use Urban Mixed Use LifeScience/ Healthcare Additional EPRA EPS of more than 11 €/cts1: +33% on 2024 EPRA EPS 1) Stabilized Earnings per share run rate Future Growth 37 10063 2025 - 2026 2027 - 2029 Total €m Topped-up GRI timeline I Fully delivered Pending capex €199m €108m €307m
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| 253Q 2025 RESULTS €47m Reversion from Prime Assets with Superior Cash Flow Growth 04 Future Growth II Prime Paris Madrid & Barcelona Louvre Saint Honoré - Office Paris - 1st Arrondissement 90 Champs - Élysées Paris - 8th Arrondissement +€11m GRI +€7m GRI Rest of Paris portfolio +€17m GRI Barcelona portfolio Madrid portfolio +€35m Mid-term GRI +€12m Mid-term GRI +€4m GRI +€8m GRI
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| 263Q 2025 RESULTS 04 Third Party Capital to capture opportunities in Science & Innovation Future Growth +15% Geared IRR +2-3cts. EPRA EPS Mid-term III €200m Investment Strategic Alliance with attractive returns Seed portfolio on track Pipeline underway Fundraising progressing Spain 19% France 18% Rest of Europe 63% Pipeline identification on track Pan-European ambition2 1) As of % of stabilized rents 2) Pipeline location breakdown based on total cost of the assets (Acquisition Price + Capex) 3) Stabilized yield on cost Yield on Cost3 Geared IRR 6% - 9% 13% - 17% 33% 26% 5% 6% 5% 25% Life Science & Health Technology & Quantum Energy & Env. Aerospace & Defense University & Training Other S&I top tier tenants well diversified across sectors1 140,000 sqm in Madrid & Barcelona Cash Flow Reversion progressing 0.4 >0.6>0.2 . . .Seed portfolio Pipeline conversations Short-term visibility €bn Assets Under Management Advanced conversations with institutional investors AUM Growth on the back of Third-Party Capital
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| 273Q 2025 RESULTS 2020 2022 2024 2026 2028 04 Future Growth IV CBD Prime offices capital value (€/sqm base 100) Active Capital Recycling unlocking sources … Active Capital Recycling to source new Prime Opportunities in Europe 2025-29 CBRE Forecasts Madrid Paris Barcelona Source of market information: CBRE 20,219 9,347 6,572 33,317 13,681 9,268 Disposals of non-core or mature assets with no further value creation €0.5bn Residential Spain 30% Paris 50% Commercial Spain 20% Prime Market Reference 09/25 Capital Values €/sqm Colonial-SFL Appraisal 06/25 Capital Values €/sqm Paris Madrid Barcelona Paris Madrid Barcelona 18,567 6,851 5,210 30,488 11,161 7,500 … to capture opportunities in the European Real Estate Cycle Identify new Prime opportunities to play the recovery of teh European Real Estate Cycle
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| 283Q 2025 RESULTS 04 Strategy & Outlook Colonial SFL’s delivers profitable growth ... … with an attractive growth profile for the coming years ▪ More than €150m of future rents through new pipeline and reversion ▪ Enhanced Urban Transformation growth strategy through Science & Innovation and Third-Party Capital ▪ Opportunistic Capital Allocation to benefit from European Real Estate Cycle Recovery Strong growth perspective with guidance confirmed ▪ Like for like revenue growth in-line with previous years ▪ Strong EPRA EPS CAGR growth for the next years ▪ Short term EPRA EPS 2025 of €33-34 cts 1 2 3 Future Growth > EPRA Earnings growth with +9% 3-year CAGR > EPRA EPS full year guidance on track > Gross Rental Income with +5% like for like growth, among the highest in Europe > Additional cash flow and value growth on the back of project deliveries & pricing power
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| 293Q 2025 RESULTS THANK YOU https://www.colonial- sfl.com/en/investors
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| 303Q 2025 RESULTS Merger with SFL Completed – Unlocking Scale & Visibility First cross border merger of a Spanish-listed group with a French-listed group The foundation of the leading pan European Group for Prime Real Estate Nov 2024 Apr 2025 Feb 2025 Merger announcement AMF exempts Colonial from SFL delisting offer Share exchange ratio and exit price fixed May 2025 Colonial & SFL AGMs greenlight merger 30th Sep 2025 Delisting of SFL shares from Euronext Paris 1st Oct 2025 Merger registered in the commercial registry Jun 2025 Certificate of conformity issued by Paris commercial court From integration to acceleration: - Scaling a European leader - Unified scale, stronger visibility, and enhanced capacity to capture growth across prime European markets © GeoNames, Microsoft, Open Places, OpenStreetMap, TomTom Powered by Bing Paris Madrid Barcelona Enhanced platform for growth APPENDICES
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| 313Q 2025 RESULTS 275 274 09/24 09/25 293 296 09/24 09/25 242 244 09/24 09/25 147 156 09/24 09/25 APPENDICES PROFIT & LOSS ACCOUNT GROUP RECURRING EBITDA GROSS RENTAL INCOME EPRA EARNINGS €m€m €m +1% YoY NET RENTAL INCOME €m +1% YoY +5% Like- for-like Flat YoY +5% Like- for-like +6% YoY Results analysis - €m 3Q 2025 3Q 2024 Gross Rents 296 293 Net operating expenses & Overheads (51) (51) Recurring EBITDA 244 242 Recurring financial result (59) (58) Income tax expense & others - recurring (1) (7) Minority interests - recurring (28) (29) Recurring Earnings 156 147 Change in fair value of assets & provision 118 (13) Non-recurring financial result & MTM (3) (2) Income tax & others - non-recurring 21 63 Minority interests - non-recurring 2 (39) Profit attributable to the Group 294 156 Recurring earnings - €m 156 147 Nosh (mm) 627 568 EPS recurring - Cts€/share 24.9 25.9 Group Profit & Loss Accounts
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| 323Q 2025 RESULTS Maturities covered by current liquidity APPENDICES Maturity profile of debt facilities - €m EXTENSION OF DEBT MATURITIES A SOLID FINANCIAL STRUCTURE Net Debt LTV Total Facilities Cash Liquidity Debt Maturity Group Non-Mortgage debt Cost of Gross Debt Group 30/09/2025 €4,906m 38.1% €2,085m €717m €2,802m 4.5 years 100% 1.89% 31/12/2024 €4,465m 36.0% €2,570m €543m €3,113m 4.1 years 100% 1.70%500 700 599 1,099 1,125 500 800 300 - 150 100 1,835 2025 2026 2027 2028 2029 2030 2031 Green Bonds Green Loans Undrawndown balancesUndrawn balances Financial Structure
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| 333Q 2025 RESULTS Pre-hedge strategy ensures a low cost of debt APPENDICES 500 700 599 1,099 2025 2026 2027 2028 1.8% 2.4% 1.5% 1.6%Pre-hedge price (%) (strike) Hedge ratio (%) Bond’25 and S&I investment already refinanced with new Bond maturing in 2031 Bonds maturity for the next 3 years 1) Refinanced in September 2025 as part of the €800 million bond issue (93% hedged). 1 5… 4… 93% 73% 58% 57% Hedged Unhedged €m
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| 343Q 2025 RESULTS APPENDICES Latest & ongoing market transactions Source: public information, press and consultants Asset Area Price GLA Cap. Value PARIS 223 Rue Saint Honoré (Sep 25) CBD €170m 3,670 sqm €46,300/sqm €700mCentre d’Affaires Paris-Trocadéro 41,234 sqm €17,000 /sqm(Sep 25) CBD €400 - €500m29-33 Champs-Élysées 12,000 sqm n.a.CBDTransaction not completed Capital 8 Transaction not completed +€1bn 45,000 sqm €22,200 /sqmCBD Mixed use 20 Église Transaction not completed €52m 2,600 sqm €20,000 /sqmBD €85m3 Rue Scribe 3,906 sqm €22,000 /sqmCBD(Oct 25) 10 Hoche Transaction not completed €112m 4,600 sqm €24,300 /sqmCBD
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| 353Q 2025 RESULTS APPENDICES Latest & ongoing market transactions Source: public information, press and consultants Asset Area Price GLA Cap. Value MADRID C/ Retama 3 (Faro (Sep 2025) City Center €109m 13,688 sqm €8,000/sqm €46m Fray Bernardino Sahagún 24 4,356 €10,600/sqm €52mAgustín de Foxá 29 7,047 sqm €7,400/sqm(Sep 2025) City Center City Center (Aug 2025) C. Osi 7 (EU Business School) €20m 4,000 sqm €5,000/sqmUptown (Sarrià) BARCELONA Palau Castanyer (Sep 2025) City Center 3,000 sqm €6,700/sqm c.€900m Distrito Telefónica 200,000 sqm €4,500/sqmPeripheryTransaction not completed (Sep 2025) Llacuna 28 (Hong Kong University) n.a. 8,450 sqm n.a.22@(Sep 2025) €20m1 1) The price disclosed corresponds to acquisition price and refurbishment of the asset
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| 363Q 2025 RESULTS © 2025 Colonial SFL www.colonial-sfl.com