The Portfolio currently consists of 74 properties containing 2,053 residential units and 108 commercial units, with a total lettable area of 152,166 square metres. When the company listed on the main market of the London Stock Exchange in June 2015, its Portfolio of properties was valued at €245m. As at 31 December 2024, the value of the Portfolio was €552.8m.
A distinguishing feature of the Company is that approaching 80% of the buildings within its Portfolio are already legally divided into individual condominium units, providing more flexibility for realising value through asset disposals from condominium sales. As at 31 December 2024, 40 properties are permitted for inclusion as condominium sales projects at any one time. Accordingly, the Company plans to make available for sale properties comprising 942 units, representing 44% of the total Portfolio.
Portfolio Overview
| Condominium sales pool | 31 December 2024 | 31 December 2023 |
|---|---|---|
| Number of properties | 40 | 7 |
| Residential units | 880 | 92 |
| Commercial units | 62 | 8 |
| Total units | 942 | 100 |
| Total sqm ('000) | 68.3 | 8.9 |
| Valuation (€m) | 278.0 | 35.1 |
| Value per sqm (€) | 4,070 | 3,921 |
| PRS Properties | 31 December 2024 | 31 December 2023 |
|---|---|---|
| Number of properties | 34 | 88 |
| Residential units | 1,173 | 2,397 |
| Commercial units | 46 | 132 |
| Total units | 1,219 | 2,529 |
| Total sqm ('000) | 83.9 | 178.8 |
| Valuation (€m) | 274.8 | 640.5 |
| Value per sqm (€) | 3,277 | 3,582 |
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