Novavest Real Estate: Successful optimization of 2024 portfolio performance

Press release, December 19, 2024

Novavest Real Estate AG – Successful optimization of portfolio performance 2024

NOVAVEST Real Estate AG (SIX Swiss Exchange: NREN) announces that a significant contribution to the reduction of the vacancy rate could be made thanks to the successful merger with SenioResidenz AG, upon completion of the new construction project in St . Gall and the targeted conclusion of new rental contracts in 2024. Compared to the end of 2023, the vacancy rate will be reduced by 4.1% (the former stand-alone portfolio NOVAVEST as of 12/31/2023) at less than 3% (portfolio merged in December 2024). At the same time, the merger, extensions of contracts with existing tenants and the newly rented areas make it possible to considerably increase the WAULT of commercial rental contracts, which goes from 4.3 years (the former NOVAVEST stand-alone portfolio as of 12/31/2023) to approximately 6.9 years (portfolio merged as of December 2024).

During 2024, several strategic measures have been taken to further increase the attractiveness of real estate and thus strengthen tenant loyalty.

Significant completion of construction, conclusion and extension of major contracts:

• Completion of the development project Rorschacherstrasse 135 at St. Gallen with corresponding reclassification to investment properties in the second half of 2024. The building is fully let with a theoretical rental income of CHF 0.6 million per year

• Full rental of the Grenchen building – thanks to the conclusion of contracts with two new tenants for a period of 10 years each

• Successful partial reduction of vacant offices in Altstätten – new contract concluded with radiology center

• Contract extensions for a total of around 20,000 m2 of rental space, which corresponds to approximately 9% of the rental areas of the entire portfolio and a theoretical rental income of more than CHF 5.3 million per year. This includes important contract extensions for the retirement and care homes in Reute and Presinge as well as for the commercial properties in Dielsdorf and Richterswil (Bergstr. 16; Bodenstr. 10).

Reducing the vacancy rate and increasing the WAULT are decisive steps for the continued optimization of portfolio performance. They create a solid basis for sustainable growth and reflect the long-term confidence of tenants in the quality and stability of the properties in the NOVAVEST Real Estate AG portfolio. At the same time, they also strengthen investors’ confidence in the company’s operational performance.

The board of directors and management of NOVAVEST Real Estate AG are convinced of the chosen strategy for the merged company, focused on “housing for young and old”, and are on the right track to implement it comprehensively and structured the transformation process undertaken.

Contact:

Peter Mettler

CEO

NOVAVEST Real Estate AG

Feldeggstrasse 26

8008 Zurich

+41 (0)44 276 40 40 [email protected]www.novavest.ch

NOVAVEST Real Estate AG

www.novavest.ch

NOVAVEST Real Estate AG is a Swiss real estate company headquartered in Zurich. It focuses its activities on the management and development of buildings for purely residential use (rental housing) and housing for seniors and the elderly (residences for seniors and health establishments), as well as on buildings for offices and commerce, and on construction projects in all these segments. The share of rental income coming from residential use strategically represents at least 50% of the total theoretical rental income. The real estate portfolio includes properties throughout Switzerland which, with regard to pure residential properties, are located in cities or towns and/or are well served by public transport and individual motorized transport. In the area of ​​residences for the elderly and healthcare establishments, properties can be located in both urban and rural regions of Switzerland. The company’s registered shares are listed on the SIX Swiss Exchange (stock symbol NREN, security number 21218624, ISIN CH0212186248).

Disclaimer

This press release is intended for the dissemination of information. It does not constitute a prospectus within the meaning of the Swiss Financial Services Act (FIDLEG) or the listing regulations of the SIX Swiss Exchange. It constitutes neither an offer nor an invitation to buy or sell shares of NOVAVEST Real Estate AG, nor

• acquire or sell other financial instruments or services. This press release may contain certain forward-looking statements, such as statements using words such as “believes”, “assumes”, “expects”, “plans” or other similar terms. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the actual events, financial situation, development or performance of the company to differ materially from those directly stated or indirectly in forward-looking statements. Given these uncertainties, readers should not place reliance on these forward-looking statements. The Company undertakes no obligation to update these forward-looking statements or revise them based on future events or developments. This press release and the information it contains should not be brought or transmitted to United States of America (USA), nor distributed or transmitted to United States persons (including corporations) or to publications having general circulation in the United States. NOVAVEST Real Estate AG shares are not offered for sale in the United States or to U.S. persons.