SAN DIEGO, CALIFORNIA, Sept. 25, 2025 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) (“ILAL” or the “Company”), a global real estate investment and development firm, today announced continued sales activity and key construction progress at its flagship Baja California communities. At its bi-weekly open house events, ILAL reported 3 new homesite sales at Rancho Costa Verde and 2 at Cabo Oasis Resort. The Cabo Oasis Resort, launched in Q3 2024, is a master-planned community located just 8 ...

Group 1 - Nextensa and ION have completed the sale of 100% of their shares in Monteco BV, which owns the Monteco building in Brussels, to Caisse d'Épargne et de Prévoyance Hauts de France [1][2] - The Monteco building, located in the Brussels EU District, offers approximately 3,760 m² of prime office space and 14 underground parking spaces, and has been fully occupied by Bank Nagelmackers under a long-term lease since its completion [2][3] - The transaction reflects a property valuation of €28 million, indicating strong demand for high-quality and sustainable office buildings in prime locations [2][3] Group 2 - Nextensa's investment portfolio is diversified across Luxembourg (32%), Belgium (51%), and Austria (17%), with a total value of approximately €1.1 billion as of June 30, 2025 [4] - ION is a leading project developer and real estate investor in the Benelux region, with a market value of projects under development amounting to €3.1 billion [6] - Both companies are recognized for their commitment to sustainable development and high architectural quality, with ION's project awarded Best New Development at MIPIM 2025 [6]

Core Insights - The Baltic Horizon Fund reported its unaudited financial results for the first half of 2025, showing a net rental income of EUR 6.1 million, a slight increase from EUR 6.0 million in H1 2024, and a net loss of EUR 891 thousand compared to a net loss of EUR 12.8 million in the same period last year [16][17]. Financial Performance - The portfolio's net rental income increased by 1.6% year-on-year, primarily due to higher occupancy in Galerija Centrs [16]. - The Fund's net loss for H1 2025 was significantly reduced by 93.1% compared to H1 2024, indicating improved operational performance [17]. - The fair value of the Fund's portfolio decreased to EUR 227.5 million as of June 30, 2025, down from EUR 241.2 million at the end of 2024 [18]. - The Gross Asset Value (GAV) also declined to EUR 238.8 million from EUR 256.0 million, largely due to the disposal of the Meraki office building [19]. Leasing Activity - During the first half of 2025, the Fund signed new leases for approximately 9,250 sq. m and extended leases for about 6,600 sq. m, attracting 30 new tenants [4]. - The portfolio occupancy rate was reported at 84.2% based on handover date, with a slight increase from 82.3% at the end of Q1 2025 [8][24]. - The Fund is facing challenges in achieving its occupancy target of 90%, with more expiries than new lettings in some properties [8]. Strategic Developments - The Fund is focusing on flexible and sustainable solutions to meet tenant demands and market conditions, aiming to increase occupancy and decrease the Loan-To-Value (LTV) ratio [9]. - A long-term partnership with Latvian State Forestry has been renewed, although the leased area will be reduced in line with government cost-saving measures [6]. - The Fund has initiated the delisting process of its Swedish Depository Receipts from Nasdaq Stockholm by October 2025 [10]. Operational Efficiency - The management team is conducting multiple tenders and evaluating cost-saving measures related to administrative services to improve operational efficiency [10]. - The Fund's cash inflow from core operating activities in H1 2025 was EUR 2.7 million, down from EUR 3.7 million in H1 2024 [22]. Investment Properties Overview - As of June 30, 2025, the Fund's portfolio consisted of 11 investment properties with a total net leasable area of 111.2 thousand sq. m [18]. - The occupancy rates varied across properties, with some like Vainodes I achieving 100% occupancy, while others like Upmalas Biroji BC reported only 64.3% [26].

Portfolio Overview - Douglas Emmett's (DEI) office portfolio comprises 182 million square feet, representing 79% of total annual rent[12] - The multifamily portfolio consists of 5,212 units, accounting for 21% of total annual rent[12] - The company's total capitalization is approximately $8 billion, with annual revenues of approximately $1 billion[18] Market Position and Strategy - DEI holds approximately 38% average market share of Class A office space in its regions[18] - The company is the largest office landlord in Los Angeles and Honolulu[18] - DEI's strategy focuses on small, affluent tenants in diverse industries, mitigating risk and reducing volatility[9] Rent Growth and Stability - DEI's leases benefit from strong 3% to 5% annual rent increases[10] - West Los Angeles has shown better long-term rent growth and less volatility compared to other gateway markets[10] - The company has experienced consistent rent growth through three down cycles, with a 34% compounded annual growth rate over the last 29 years[29] Operational Efficiency - DEI's efficient management and overhead allow it to convert an extra 112% of net operating income (NOI) to cash flow compared to its benchmark group[43] - Capex savings enable the company to convert an additional 63% of NOI to cash flow[43] Sustainability - More than 84% of DEI's eligible office space qualified for "ENERGY STAR Certification" as of December 2024[55] - The company has reduced its greenhouse gas (GHG) emissions by 13% versus 2019 through December 31, 2024, ahead of its 30% reduction target by 2035[55]