Results for the year ended 31 December 2020

Investor presentation1

Disclaimer & Important Notice

This presentation (hereinafter "this document") hasbeen prepared by Yew Grove REIT plc (the "Company“or “Group”) for information purposes only.This document has been prepared in good faith but the information contained in it has not been independently verified and does not purport to be comprehensive. This documentis neither a prospectus nor an offer nor an invitation to applyfor securities.

Nothing contained in this document shall form the basis of any contract or commitment whatsoever. No representation or warranty, express or implied, is given by or on behalf ofthe Company, its group companies, or any of their respective shareholders, directors, officers, employees, advisers, agents or any other persons as to the accuracy, completeness,fairness or sufficiency of the information, projections, forecasts or opinions contained in this document. In particular, the market data in this document has been sourced from thirdparties. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in any of the information or opinions in this document and neither the Companyand its group companies nor any of their respective employees, officers, directors, advisers, representatives, agents or affiliates, shall have any liability whatsoever (in negligence orotherwise, whether direct or indirect, in contract, tort or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connectionwith this document. Certain information contained in this document has been obtained from published and non- published sources prepared by other parties, which in certain caseshave not been updated to the date hereof. While such information is believed to be reliable for the purpose used in this document, the Company does not assume anyresponsibility for the accuracy or completeness of such information and which has not been independently verified by the Company. Except where otherwise indicated herein, theinformation provided in this document is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revisedto reflect information that subsequently becomes available, or circumstances existing or changes occurring after the datehereof.

Forward-looking statements

This document contains forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans andstrategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such forward-looking statements involve known and unknown risks,uncertainties and other factors, which may cause the actual results, performance or achievements of the Group or the industry in which it operates, to be materially different fromany future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements speak only as at the date of thisdocument. The Group will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances,unanticipated events, new information or otherwise except as required by lawor by any appropriateregulatory authority.

THIS DOCUMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR SUBSCRIPTION OR SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR ANYSECURITIES NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT TO PURCHASE OR SUBSCRIBEFOR ANY SECURITIES

2

Agenda

Jonathan LaredoChief ExecutiveOfficer

Charles PeachChief FinancialOfficer

Michael GibbonsChief InvestmentOfficer

Introduction

Financial Highlights

Portfolio & Asset Management

Pipeline & Outlook

4

16

23

3

9

4

Introduction

SECTION 1

4

2020: Validation of the Yew Grove strategy

Yew Grove was well positioned:• A core portfolio of institutional quality office and industrial buildings (97%)• A tenancy mix of Government, multi nationals and large corporates (96%)• Moderate leverage (27%)

Performance has been market leading• Rent collection has been market leading.• Yew Grove’s portfolio grew in value. Like for like office valuation increased in value by 1.9% and the industrial

properties by 5.5%. The offices at Millennium Park (bought in late February) increased in value by 5.1%, not quite enough to cover the costs of acquisition, but enough that the office portfolio increased in value even after costs.

With a positive outlook:• Vacancy rates in much of our geographic target market are at or near multi-year lows. Demand remains

resilient with speculative construction only in Cork and Galway.• Current lease negotiations and our design and build activity suggest continuing demand for quality buildings

and upward movement in rent levels• As the end to lockdowns nears, we expect a recovery in the overstretched regional and suburban office

markets which should improve rent levels and valuations.• The Company is now utilising some of its new leverage following the increased target of 40%• The depth and quality of a potentially accretive pipeline looks highly attractive.

5

Macro economic backdrop

▪ FDIs invest across Ireland (more than 50% outsideDublin).

▪ Multinational businesses tend to cluster by industry around local supply chains, research and educational establishments.

▪ This has led to concentrations of large employers in otherwise small towns (e.g. med tech and pharma in the midlands from Athlone to Sligo and Galway, ICT down the west coast from Galway to Cork.)

▪ The shortage of suitable properties (driven by lack of development in the past 12 years) and the demand for modern buildings has been driving rents upwards from their GFC lows.

FDI importance in Ireland2

Yew Grove rent roll by FDI sector3

▪ Life Sciences 35%

▪ Finance & Business Services 19%

▪ Grocery 7%

▪ Tech 7%

▪ Packaging 4%

▪ Other 3%

Government and government bodies 25%

1 - Central statistics Office: https://www.cso.ie/en/releasesandpublications/ep/p-na/quarterlynationalaccountsquarter42020/headlineeconomicresults/

2 - IDA Ireland: https://www.idaireland.com/newsroom/regional-investment-grew-as-foreign-direct-investm

3 - As at 01/01/2021

▪ 112k jobs created between 2015 to 2019

▪ Regional FDI investments increased by over 50% in this period

▪ FDI direct investment increased by EUR72bn in 2019

▪ In 2020 there was a net gain of 9000 jobs:

▪ 52% of investments went outside Dublin

▪ IDA client companies and their suppliers employ 12.4% of the total workforce

▪ 257k are directly employed in the multinational sector in Ireland and another 206k indirectly.

Access to FDI tenants

▪ Ireland’s GDP grew by 3.4% in 2020

▪ Fastest growing in the developed world

▪ Gross Value Added (GVA) in the multinational sector increased by 18.2%, even while the domestic economy declined by 5.4%

▪ Ireland’s FDI economy is over 50% of total 2020 GVA, up from 25% in 2014

▪ The largest contributions to GDP growth were from the pharmaceuticals and ICT sectors.

Economic performance in 20201

6

The strength of the Irish economy underpins our strategy

Sustainability

Environment▪ Strategic drive to reducing the environmental impact of our property portfolio

▪ Our Sustainability Report details our activity in the 2020 annual report

▪ First energy and waste measurements of our multi-tenanted buildings published inour 2020 annual report despite the challenges caused by Covid-19. Tenancyquestionnaire completed by majority of occupants.

▪ 100% renewable energy sources for multi-tenanted buildings

▪ During 2021, the collection of energy, water and waste measurements will expandto include single tenanted properties

▪ New building management system (Riptide) to be installed in larger multi-tenantedbuildings which should enable further improvements in portfolio energy efficiencyand provide more accurate real time measurement of energy consumption as wellas improving M&E reliability and extending its useful life

▪ Increasing interaction with tenants and suppliers on sustainability matters. Community▪ Interaction with 8 universities and Institutes of Technology (IoT) that took part in

the CFA Society of Ireland’s annual CFA Research Challenge .

▪ In 2021 re-engage with selected IoT’s post lockdown to see how we can betterimprove the local environments in which we operate.

▪ Charitable donations for two charities focused on homelessness and hardship atcorporate and employee level.

Diversity▪ Improving diversity throughout the Company is vital, however whilst governance

policies and practices are at the level expected of a public company, our smallworkforce and short corporate history means we have not yet reached ourtargeted levels.

7

Building a socially and environmentally responsible business

YewGrove

✓ Good quality income from a portfolio of Irish commercial real estate in select locations outside Dublin’s CBD

✓ Focus on office and industrial assets

✓ High quality tenant list: Irish government entities, state bodies, large enterprises, IDA Ireland supported and other FDI companies

✓ Active asset management to drive value

✓ Internally managed REIT with strongshareholder alignment: 4%+ of equity held by management

Only REIT specialising in commercial property outside of Dublin CBD

Supportive market backdrop Investment Strategy

✓ Ireland was the fastest growing economyin Europein 2019 and 20201.

✓ More than 50% of recent FDI job creation has been outside Dublin2. Project Ireland 2040 supports targeted regional growth.

✓ Dublin CBD rents have exceeded pre crisis highs, elsewhererents are mostly still below the level required to trigger construction and are still rising, driven by a supply demand mismatch

✓ Opportunities to acquire assets at levels below replacement cost

✓ Covid-19 resilient rent roll

✓ SMEs represent less than 4% and less than 1% is in non-food retail

✓ 4.1% vacancy3 rate and current lease negotiations give a near term opportunity to increase the rent roll

✓ Embedded value in the portfolio suggests increasing capital values

✓ Low leverage means that we are well within bankingcovenants.

High quality portfolio and rent roll

✓ Ex-CBD market is very significant, c. €13bn+

✓ Competition for assets is growing but the market is stillinstitutionally under invested and purchase yields are stillattractive, absolutely and relatively

✓ Many existing owners want to release capital to redeploy into their businesses, to meet fund redemptions or to realise tax free gains

✓ Yew Grove has a high profile with property owners and agentsand a excellent record of, and reputation for, transacting efficiently

Attractive opportunity & pipeline

1 – Source:Goodbody

2 – IDA data, 2013 to 2018. Approx 58% of FDI job creation in 2018 was outside Dublin 3

3 - Vacancy rate by area = 3.9% (at 01/01/2021)

8

9

Financial Highlights

SECTION 2

9

2020 highlightsValidation of the investment strategy and focus on credit quality

Sector leading rent collection in the pandemic continues to support the dividend: 97% collected in Q2, 98% inQ3, and 100% in the following two quarters.

Robust valuation with NAV per share of 100.03c at Dec 2020, up 1.51c from 98.52c atDec 2 0 19. This is despite costs for the €25.3m Millennium Park purchase of 1.8c pershare.

Contracted rent roll grew from €8.9m to €10.9m.

Strong acquisition pipeline, with early indications suggesting improved pricing offering enhanced returns.

1. NAV total return measures the return according to IFRS NAV and dividends paid. It is similar to total shareholder return, except for its use of IFRS NAV in place of shareprice.

NAV total return1 for the period of 6.30c per share vs 5.01c per share for 2019, despite the impact of the pandemic on economic activity.

Dividends per share of 5.15c declared for 2020. 2019 was 6.75c, representing ordinary dividends of 4.88c and a special dividend of 1.87c.

Collections

NAV

Revenue

Pipeline

NAV total return

Distributions

10

NAV per share progression 2020Performance reflects underlying portfolio quality

▪ As an income REIT, the vast majority of EPRA earnings are distributed in quarterly dividends

▪ Income is not the only driver, valuation gains outweighed period acquisition costs

11

Portfolio and income growth

▪ Property portfolio grew by €26.1m (+23%) over the year (from €115.8m to €141.9m).

▪ Contracted rent roll grew by €2.0m (+22%) over the period (from €8.9m to €10.9m).

▪ Since IPO the Company has maintained current and reversionary yields despite growing by 5.5x.

▪ Portfolio is still under rented with potential of additional rent of€0.6m from rent reviews and €0.5 million from letting current vacancy.

▪ The Company has regularly outperformed the valuers’expectations of ERV on new lettings.

▪ Yew Grove continues to demonstrate operational leverage,which feeds through todividends.

▪ As reversionis captured, the revenue/costratio will improve.

▪ As the Company increases its capital base, revenue growth should continue to outpace costs and we expect continued improvement.

Operational leverage continues to drive earnings growth

Annualised administrative costs / portfolio

Property value and rent roll €m

IPO Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20

Rent roll (LHS) 2.6 4.6 6.3 7.5 8.9 10.4 10.9

Portfolio (RHS) 25.9 56.9 77.9 90.5 115.8 141.07 141.925

0

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40

60

80

100

120

140

160

0

2

4

6

8

10

12

12

4.1%

2.6%2.2%

DEC-18 DEC-19 DEC-20

Annualised Admin cost/portfolio value

Dividends and capital strengthQuarterly distributions from secure income

▪ Dividends for 2020 equate to 96% of EPRA EPS and reflect the net income after accounting for irrecoverable capital expenditure on theportfolio.

▪ Dividends declared for 2020 were 1.2c, 1.25c, 1.3c and 1.4c per share respectively.

▪ The Company expects to distribute its EPRA earnings quarterlyafter accounting for expected irrecoverable capital expenditure

Like for like portfolio annual value change

2019 2020

Portfolio 5.44% 2.55%

Office 3.39% 1.90%

Industrial 15.76% 5.50%

▪ The Company actively manages its properties to enhance income and value.

▪ Property purchase costs are c. 8.5% (7.5% stamp tax, legal, survey etc). The Company aims to recover these through value growth within three years

▪ Despite the effect of the pandemic on valuations in 2020 the like for like growth since December 2018 has been 7.99%

13

0

0.5

1

1.5

2

Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2019

Ordinary Special

14

Summary balance sheetStable asset values, strong liquidity

Group Balance sheet(€’m) At 31 Dec 2019 At 31 Dec 2020 Change Comment

Investment properties 115.8 141.9 23%€25.3m purchases, €2.7mm sales, valuation

gains of €3.5mm

Cash and cash equivalents 14.6 10.7 (27)%

Borrowings (20.4) (38.3) 88% Financing of Millennium Park purchase

Other Asset/(Liabilities) (0.1) (2.7)Reflects quarterly rent collections paid in

advance

Total equity 109.9 111.6 1.5%

IFRS NAVPS (cents) 98.52 100.03 1.5%

Diluted EPRA NAVPS (cents) 98.41 99.77 1.4%

▪ NAV grew by €1.6m, after the impact of Millennium Park acquisition costs of €2.1m

▪ The Company’s revolving debt facility increased to €53.6m, of which €15.0m was undrawn at period end

▪ Net debt at period end was €27.5m

▪ The Company remained comfortably within financing covenants throughout the period

15

Summary income statementSolid collections and contained costs

Group Income Statement (€’m) 2019 2020 % change

Rental Income 7.95 11.21 43% Portfolio +23%

Lease surrender income 2.00 0.15

Property Expenses -0.53 -0.71

Net Rental Income 9.42 10.65 13%

Gains on investment properties -0.65 1.30 Gains exceed period purchase costs

Total income 8.77 11.95 36%

Administration and AIFM -3.04 -3.14 3% Portfolio +23%

Finance costs -0.67 -1.81 Includes rearrangement costs

Total Expenditure -3.71 -4.95 33%

Profit for the period 5.06 7.01 39%

Total comprehensive income 5.06 7.01

Basic EPS (cents) 6.24 6.28 1%

Diluted EPRA EPS (cents) 7.02 5.50 -22%

Dividends declared for period (cents) 6.75 5.15 -24%

Dividends declared for period (cents, excl special) 4.89 5.15 5%

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Portfolio & Asset Management

SECTION 3

16

17

Overview of current portfolio

1 - Vacancy by area3.9%

2 - For these purposes the properties at Millennium Park in Naas, which is within the Dublin commuter belt have been treated as Dublin properties. Without them Dublin would account for €49.5 million . Figures as at 01/01/2021

Cork (2)

Waterford

Letterkenny (1)

Athlone (4)

Dublin (11)2

Listowel (1)

(1)

Tullamore (1)

Portlaoise (1)

Portfoliovalue

€141.9m

Lettable Space

824,940 sq. ft

Number of properties

22

Vacancy rate

4.1%1

Value of investment properties inDublin

€78.6m2

Government &FDI tenants

92.4%

Acquisitions in2020 (6 buildings)

€25.3m

WAULT Expiry/Break

7.5/4.2

Rent Roll

€11.3m

Dublin

Gateway 1,3

Airways 7+8

Ashtown B,C

Naas

Company% of annual rent

roll1 Home Country

12.7% USA

12.2%Ireland

(Government)

9.9% USA

8.4% USA

6.9%Ireland

(Government)

6.2% Germany

5.2% USA

3.4% USA

3.1% Luxembourg

2.9% Germany

181 - As a percentage of Revenue as at 01/01/2021

FDI/Large enterprise

71.4%

SME3.7%

Government 24.9%

Overview of current portfolio Key tenant overview

High quality diversified portfolio

• Number of tenants: 42• 53% of rent roll is in the Dublin catchment area• 53% of rent roll is rated A3 or above• Public companies make up 72% of non-Government rent roll• Yield to company: 7.9%• Reversionary yield: 8.7%

Life Sciences,

35.0%

Government, 24.9%

Finance &BusinessServices,19.1%

Grocery, 7.3%

Tech, 6.6%

Packaging, 4.3% Other,

2.8%

19

Growing value in regional offices

▪ The regional office portfolio, like the overall portfolio, is underrented.

▪ Since IPO the contracted rents per sq. ft and the ERVs have risen andwe expect that to continue.

▪ Asset management consistently drives WAULTs faster than leaserolldown and benchmarks rental increases which informs thevaluer’s view of local ERVs.

▪ Since 2019 we have completed asset management (new orregeared leases, rent reviews and lease breaks) in most of ourregional office locations.

▪ Our Dublin (city fringe and suburban offices) also demonstratesignificant under rental, and embedded value.

Our regional office valuations are currently driven by asset management

20

Embedded value in industrial properties

• The portfolio is predominantly exposed to tenants in the life science sector and there is currently no vacancy.

• Over the past 2 ½ years ERVs have risen with the changes in contracted rent psf largely coming from new acquisitions at a higher rent than the portfolio average.

• The discount rates used by the valuers have compressed, but at over 7%, are still significantly above the levels seen in public transactions in 2020 and 2021.

• Because there has, as yet, been little asset management we have seen neither the capture of ERV (via rent reviews or new leases), nor an extension of WAULT. Both could potentially substantially increase value in this part of the portfolio.

Valuation in our industrial properties has, to date, been driven by a strengthening market

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June 18 Dec 18 June 19 Dec 19 June 20 Dec 20WAULT (yrs, LHS) Cap Value psf (RHS)

21

.

A

B FEDC

G

Key:• A - Teleflex• B - PPD• C – KCI Carpark• D – KCI Building 1• E – KCI Building 2• F - Signature• G - M6 Motorway interchange

Acquisition Price:

€28.6m

Size:207,000 sq ft

Tenants:Teleflex,KCI, PPD

Present Value:

€30.1m

Occupancy:100%

Yew Grove is committed to tenants that are expanding their operations

IDA Business & Technology Park, Athlone

• Many FDI tenants, especially in Life Sciences,are expanding operations, despite thepandemic.

• The level of investment in existing properties, the lack of vacancy in suitable alternatives, plus the importance of existing supply chains, work force and local 3rd level education make staying in situ the preferred solution.

ProjectA• Temporary office/canteen development• Temporary car parkexpansion• 37k sq ft office extension• New 175 space car park.

ProjectB• Expanded an existing car park• Helped with improvements to power and

water supply• Facilitated expansion in neighbouring

building• Planning for a new warehouse and resiting a

car park.

Yield at fair value:

8.4%

22

Acquisition Price:

€25.3m

Yield at fair value:

8.7%

Size:141,000 sq ft

Present Value

€26.6m

Occupancy:98%

Focus on value, income and reversionarypotential

Millennium Park, Naas• We had tracked this portfolio since 2018, and agreed heads

of terms in the midst of our Q4 equity raise in 2019,exchanging within 2 weeks of drawdown.

• The portfolio consisted of 6 buildings, 141,000 sq. ft, 5 fully let and one, Birch House, an HQ style 40,000 sq ft building, vacant.

• We completed the purchase in February, 2020 paying€25.3 million plus costs.

• A new motorway directly connecting the park to Dublin (40 minutes) and the airport (40 minutes) had just been completed, making it much more attractive as a suburban location for FDI businesses.

• Before completion we identified potential lessees for BirchHouse and despite delays caused by the Covid-19 lockdown,signed a 15 year lease with Aldi in early July.

• The December valuation saw an increase of almost€1.3 million from June.

• Our active asset management continues to capture thereversionary potential of the park.

Naas

M7/N7 interchange

Millennium Park

Multi-tenanted

Classified asConfidential

Pipeline & Outlook

SECTION 4

23

24

Attractive Pipeline

8.5

5.2

Dublin CBD officemarket

Yew Grovetargetmarket

Non-Dublin CBD office market

Irish industrial market

Va

lue

€b

n

13.8 13.7

• The Company’s target market is large and under invested

• The immediate pipeline of 11 properties (€153 million of cost) is analysed below

• A further €150 million of regional properties in the medium term.

• Number of asset management opportunities across the pipeline to drive capital and incomevalue.

Total Costs NIY RY WAULT break

Office €120.9m 8.06% 9.23% 2.8

Industrial €32.6m 7.15% 8.15% 6.4

Overall €153.5m 7.86% 9.00% 3.5

Location ofAsset Type ofAssetTenant Type

Government32%

FDI52%

Large Enterprise

13%

SME3%

Dublin Core +71%

Suburban Dublin

8%

Regional21%

Office79%

Industrial21%

The non-CBD investment market is growing in liquidity and size

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Summary & Outlook

• The Company’s focus on credit quality and institutional buildings in carefully selected locations has been reflected in a robust rent collection and valuation in 2020 against the backdrop of the Covid-19 pandemic….

• …and underpinned progressive quarterly dividends supported by stable and growing capital values

• Our immediate outlook involves a move to the main board of the Irish Stock Exchange, and the pipeline of potential acquisitions

▪ Irish FDI tenants, particularly in sectors targeted by the Company, have expanded their operations through the pandemic, supporting the Company’s current investments and future opportunities

▪ There is, currently, limited competition for the pipeline, which can be both reversionary and bought below re-build cost

▪ Our ability to execute the pipeline requires further capital

▪ Additional capital should enable the Company to benefit from operating leverage, improve shareholder liquidity and returns

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About Yew Grove

JonathanLaredoChief ExecutiveOfficer

• Over 30 years’ experience in investment markets, including running theEuropeanand Asian structured finance business at JPMorgan

• Previous owner and director of the Pepper Group, an Australian based mortgage lender and servicer which built the largest third-party servicing business in Ireland

• Co-Founderof the Yew Tree Fund, the Company’sseed Portfolio• Sits on the Company’s Investment Committee

• Previously Senior Vice President of IDAIreland acting as Global Head of two key operating divisions

• Member of the Institute of Directorsof Ireland• Qualified Barrister at Lawfrom University

College Dublin & Kings InnsBarryO’Dowd

Non-executive Chairman

CharlesPeachChief Financial Officer

• Over 25 years’ experience in investment markets,structuring and raising capital for companies and funds

• Previously a member of the Financial Analytics and Structured Transactions Group at Bear Stearns, before developing and running managed vehicle issuance and risk management programmes atNomura

• Co-Founderof the Yew Tree Fund• Sits on the Company’s Investment Committee

• Former Finance Director of Irish Continental Companyplc (“ICG”) for 27 years

• Prior to joining ICG,he workedin a number of financial roles at CRH plc. Mr O’Dea is currently an independent trustee of the RTE

GarryO’Dea Superannuation Scheme

IndependentNon-executive • Qualified Chartered Accountant

Director, Senior • Chairs the Audit Committee

IndependentDirector

• Over 31 years’ experience in investment marketsspanning high yield, distressed debt and real estate businesses

• He started his career in corporate finance at Bankers Trust, followed by Sumitomo Finance, Commerzbank, BNP Paribas, Aladdin Capital Management LLP

• Co-Founderof the Yew Tree Fund

Eimear MoloneyIndependent Non-executive Director

• Previously a Senior Fund Manager atZurich Life Assurance Ireland plc where she had responsibility for equity and regional asset allocation

• Currently NED of Hostelworld Group plc, appointed NED of Kingspan plc

• Qualified Chartered Accountant• Chairs the Remuneration Committee

MichaelGibbonsChief InvestmentOfficer

Richard Mully Adviser to

managementteam

• Significant Board and property experience as Chairman of Great Portland Estates, Deputy Chairman of the supervisory board of Alstria Office REIT-AG, Senior Advisor to TPG Real Estate LLC and previously served as NED at Standard Life Aberdeen, and a Senior Independent Director at St Modwen Properties, ISG and Hansteen Holdings

• 12 years’ banking experience in property at County Bank and Bankers Trust

• 13 years as a principal real estate investor with SorosReal Estate

• Prior Chairman and Chief Executive of HardwicProperty Group for 18 years currently PartnerBeresford RealEstate

• A 30-year veteran of the Irish real estate industry, prior to which he wasat Deloitte

• Fellow of the Chartered Accountants Ireland

Brian Owens • Member of the Society of Chartered SurveyorsIreland and the Royal Institutionof Chartered

Independent Non- Surveyorsexecutive Director • Chairs the Valuation Committee

ke in

Proven management team supported by vastly experienced non-executive directors and advisers

Overview of existing assets

Building Type LocationValue

(€'000)

Contracted

Rent Roll

(€'000)

Gross

Yield at

Fair Value

Reversionary

Rent Roll

(€'000)

Gross

Reversionary

Yield

WAULT to

lease break

(years)

WAULT to

lease end

(years)

Portfolio

Vacancy

1 One Gateway Office Dublin 19,300 1,306 6.8% 1,495 7.7% 1.6 2.7 0.4%

2 Letterkenny Office North West 15,670 1,437 9.2% 1,458 9.3% 7.3 7.3 0.0%

3 Three Gateway Office Dublin 14,540 913 6.3% 1,181 8.1% 1.0 1.0 0.0%

4 Teleflex Office Midlands 11,580 948 8.2% 851 7.3% 7.8 10.7 0.0%

5 Birch House MP Office Dublin Catchment 8,200 697 8.5% 697 8.5% 9.5 14.5 0.0%

6 Chestnut House MP Office Dublin Catchment 6,200 507 8.2% 576 9.3% 2.9 2.9 0.0%

7 Unit 2600, Cork Airport Office Cork 6,950 350 5.0% 689 9.9% 4.9 14.4 49.2%

8 IDA Athlone Block B Industrial Midlands 6,075 530 8.7% 530 8.7% 2.2 12.2 0.0%

9 Ashtown Gate Block C Office Dublin 4,990 395 7.9% 396 7.9% 3.2 4.9 0.0%

10 IDA Athlone Unit B2 Industrial Midlands 5,550 483 8.7% 483 8.7% 2.7 13.7 0.0%

11 Ashtown Gate Block B Office Dublin 4,780 405 8.5% 374 7.8% 2.1 8.4 0.0%

12 IDA Waterford Block A Office South East 4,150 353 8.5% 424 10.2% 2.6 14.0 0.0%

13 IDA Athlone Block A Industrial Midlands 3,640 270 7.4% 313 8.6% 4.9 8.0 0.0%

14 Hazel House MP Office Dublin Catchment 3,460 341 9.8% 335 9.7% 2.8 4.4 0.0%

15 Willow House MP Office Dublin Catchment 3,300 222 6.7% 316 9.6% 4.1 5.2 18.6%

16 Ash House MP Office Dublin Catchment 3,270 326 10.0% 331 10.1% 0.5 5.5 0.0%

17 IDA Athlone Block C Industrial Midlands 3,215 280 8.7% 253 7.9% 3.8 8.8 0.0%

18 Airways Unit 8 Industrial Dublin 3,100 160 5.2% 291 9.4% 5.1 10.1 0.0%

19 Blackwater House Office Cork 2,860 235 8.2% 343 12.0% 3.7 3.7 29.0%

20 Airways Unit 7 Industrial Dublin 2,760 160 5.8% 258 9.4% 4.5 9.5 0.0%

21 Beech House MP Office Dublin Catchment 2,170 222 10.2% 221 10.2% 1.6 6.7 0.0%

22 Unit L2 Toughers Industrial Dublin Catchment 1,930 170 8.8% 211 10.9% 2.1 2.1 0.0%

23 Bridge Centre Retail Midlands 1,625 209 12.9% 161 9.9% 7.1 8.4 0.0%

24 Old Mill Lane Mixed Use South West 1,690 247 14.6% 159 9.4% 5.7 8.0 0.0%

25 Canal House Mixed Use Midlands 920 107 11.6% 55 6.0% 6.0 6.0 0.0%

Total 141,925 11,272 7.9% 12,403 8.7% 4.2 7.5 4.1%

Figures as at 01/01/202127