Agore Properties delivered resilient performance in 2025, strengthening cash flow through active asset management, tenant collaboration, and targeted investments. Measures to improve energy efficiency and asset quality supported cost control, improved asset competitiveness, and strengthened the long-term performance of the portfolio.

Agore is a Nordic real estate investment company with a portfolio of shopping centres, retail properties, and office spaces across Finland. The portfolio is managed by Trevian Asset Management.

The company continued to align its assets with local market demand while improving efficiency and sustainability.

– Our focus is on continuously developing our properties to serve tenants and local demand. At the same time, improving energy efficiency and sustainability is essential to securing strong long-term returns and maintaining the attractiveness of our assets, says Anni Tenhunen, Portfolio Manager at Trevian.

Stable operations and continued customer engagement

Operational performance remained strong. Occupancy stood at 92.1%, supported by active leasing and tenant engagement. Visitor numbers increased by 2%, and tenant sales grew by 1%, reflecting steady demand across the portfolio.

Tenant satisfaction remained at a good level (NPS +31), supported by continuous dialogue and improved communication. Agore also contributed to the vitality of city centres through local events and initiatives.

Sustainability supporting performance

Sustainability is integrated into Agore’s asset management approach, supporting both efficiency and long-term financial performance, particularly through energy cost savings and improved asset competitiveness.

During the year, ESG integration and target-setting were strengthened through a double materiality assessment. Progress is reflected in both environmental performance and external benchmarks.

Agore achieved a 4-star GRESB rating (85/100) and expanded BREEAM In-Use certifications to 98.3% of the portfolio at “Very Good” level or higher.

Environmental performance improved further:

• Carbon footprint reduced to 10.8 t CO₂
• Renewable energy share reached 100%
• Recycling rate increased to 63.55%

A key example of combining commercial and sustainability objectives is the hybrid power plant at Lanterna, which improves energy efficiency while supporting long-term cost control and emission reductions.

Active development and outlook

Agore continued to develop its portfolio to strengthen competitiveness and future income potential. At Lanterna, a major repositioning project progressed with tenant changes initiated in 2025 and continued alongside broader commercial development in 2026, supporting future rental income growth.

– The transformation at Lanterna highlights our active approach to asset development. With ongoing improvements, the outlook for the property is very strong, Tenhunen adds.

Learn more about Agore’s sustainability efforts – Download the 2025 Sustainability Report here.

For additional information, please contact:

Anni Tenhunen
Portfolio Manager / Head of Retail Team
Agore Properties / Trevian Asset Management
+358 40 725 6005
anni.tenhunen@trevian.fi

Agore Properties was founded in 2017 and is a fully Nordic-owned real estate investment company. The Agore portfolio currently consists of properties in 8 cities around Finland. The total value of the portfolio is approximately EUR 200 million. Focused on developing central urban locations, Agore actively contributes to the vitality and vibrancy of city centers. Agore is committed to responsible real estate business and targets quality and sustainability in the development of its own operations. www.agore.fi/en/agore

Trevian Asset Management is a Finnish real estate investment and asset management company focused on office, retail, residential, logistics, infrastructure, and multipurpose arenas, owned by its key personnel. We offer full-service asset management and structured investment services throughout the whole investment lifecycle. The services are focused especially for institutional real estate investors, banks, and other professional investors. Trevian’s assets under management is 1.2B€. www.trevian.fi/en