Kerner Haus secures third management deal, lifts annual fees to Rs. 48.1 m 📈

Kerner Haus Global Solutions PLC has announced its third property management agreement, securing a commercial property in Slave Island, Colombo 02. The deal, effective 1 February 2026, marks a significant step in the company’s "asset-light" Phase 1 strategy to build recurring income. • Financial Impact: The new agreement is expected to generate an estimated Rs. 22 million in annual management fees. This brings the company’s total estimated annual fee income to Rs. 48.1 million. • Capacity Growth: The Slave Island property adds approximately 440 office seats, increasing the company's total managed capacity to 1,440 seats across three premium Colombo locations. • Strategic Focus: The facility will operate as a fully serviced office under the Kerner Haus brand, targeting the BPO, KPO, and international SME sectors. This model allows occupiers to avoid upfront capital expenditure by providing move-in-ready workspaces with integrated utilities, internet, and security. • Market Context: The property is situated within Colombo’s financial district, leveraging proximity to major banks and corporate offices. This follows a previous agreement in November 2025 for a property in Nawam Mawatha (300 seats). • Company Standing: Despite the growth in fee income, the company reported a negative net asset value of Rs. 72 per share as of September 2025. Shares closed at Rs. 648.25 (-Rs. 26). Ekta Global Ltd. remains the majority shareholder with a 63.62% stake.