The slightly stronger 3QFY2025 performance was driven by a stronger office portfolio, but partially offset by weaker trading at Le Méridien Frankfurt (LMF) as a result of business disruption from the major refurbishment of the 80-room Palais Wing.
The total income for First Sponsor Group’s European property portfolio for 3QFY2025 ended Sept 30 stood at EUR14.9 million ($22.49 million), up 1.3% y-o-y.
For the 9MFY2025, total income for its European property portfolio declined 1.1% y-o-y to EUR39.6 million.
