The city of Winterthur originally intended to acquire the Ob dem See holiday home in Davos Wolfgang from the Oberwinterthur holiday colony association and then to sell it together with an adjacent, city-owned playground, the city administration of Winterthur informed in a message . In the context of an invitation to tender, however, a buyer could be found who would purchase both pieces of land individually and who would complete the purchase in the land registry immediately after the public notarization. The holiday colony Sonnenschein AG, founded especially for the purchase, wants to continue operating the property as a holiday colony.
The company from Freienbach was able to prevail against two competitors in the corresponding tender, the message also states. The purchase price mentioned there is 2.54 million francs for the holiday home property belonging to the Oberwinterthur holiday colony association and 1.16 million francs for the adjacent playground.
The holiday colony association will donate around 1 million francs to the city of Winterthur from its sales proceeds. The city administration explains that the donation is earmarked and will be used by the city of Winterthur for a newly established children and youth fund. The funds of the fund are intended for children and young people living in the city of Winterthur.
Steiner AG initiated a company transformation in spring 2021, the Zurich-based general and general contractor explains in a press release . The business model was geared towards the further expansion of the company's own project portfolio and the addition of participation models and investment vehicles such as the Steiner Investment Foundation. In addition, Steiner wants to launch digital products for the real estate market in the future.
As part of the company's transformation, Karsten Hell offered the board of directors his resignation as CEO, Steiner informs. Hell joined Steiner in 2013 as Chief Operating Officer (COO) and has headed the company as CEO since July 2018. The outgoing CEO will remain with the company as an advisor to the board of directors, writes Steiner.
Hell's successor will be Ajay Sirohi with immediate effect. The graduate economist and mathematician joined the Steiner Group in 2011 as Chief Financial Officer. Sirohi previously held the same position for various multinational companies.
With Michael Schiltknecht , Sirohi will also join Steiner AG's previous Head of Real Estate Development as Co-CEO. Schiltknecht joined Steiner in 2007 as head of real estate development. The two new company directors should “continue to pursue the specified strategy and ensure the sustainable development of the company”, says the announcement.
The Partners Group creates a hospitality mainstay in Australia. In partnership with the Singaporean sovereign wealth fund GIC and the Australian hotel operator Salter Brothers , it is acquiring the Travelodge hotel portfolio. According to a press release from Partners Group, it is the largest portfolio of its kind in Australia and is spread across major cities such as Sydney, Melbourne and Brisbane. It offers a good starting point for further expansion.
"This portfolio represents an excellent opportunity to acquire well-located investments" and at the same time benefit from the price discounts caused by the pandemic, says Rahul Ghai, Managing Director Private Real Estate of the Partners Group. "We particularly like this portfolio because it offers initial returns with the potential for further returns through transformative value creation strategies."
On the one hand, the portfolio will benefit from a nationwide campaign launched this year to stimulate domestic tourism. On the other hand, the new partners are working on a plan that is supposed to improve the occupancy of the hotels through a new brand image and selective upgrading. In addition, the owners are thinking of expanding visibility by expanding loyalty and reward programs through a wider sales channel.
Partners Group executive Euan Kennedy sees "some signs of steady economic recovery" in Australia. Rising vaccination rates are “a good omen for increasing room occupancy by domestic and foreign travelers in the course of our investment. We look forward to working with our experienced business and capital partners on this exciting opportunity. "
According to a message from Sika , the Zug-based building materials group closed the first half of 2021 with new record values. In concrete terms, sales grew by 23.1 percent to 4.45 billion Swiss francs. The operating result at EBIT level rose by 67.2 percent year-on-year to 685.9 million francs. The EBIT margin reached a new record at 15.4 percent.
"We asserted ourselves again in a market environment that remained challenging and achieved very good business results in the first half of 2021", Thomas Hasler is quoted in the press release. "COVID-19 will continue to challenge us," says the CEO. "But we are well positioned and have proven our resistance to crises under difficult economic conditions and created new growth platforms."
All of Sika's business regions contributed to the positive development in the first half of 2021 with double-digit sales growth rates. In the EMEA region (Europe, Middle East, Africa), a year-on-year increase in sales of 25.2 percent to 2.04 billion Swiss francs was achieved. The Americas region grew by 15.8 percent to 1.10 billion Swiss francs. In the Asia / Pacific region, sales increased by 26.4 percent to 960.8 million francs. Business with the automotive industry (Global Business) grew by 26.4 percent to CHF 351.0 million.
For the year as a whole, Sika expects sales growth of between 13 and 17 percent in local currencies. The operating result is to be increased disproportionately. Sika expects the EBIT margin to be at least 15.0 percent despite rising raw material prices.
Baloise Asset Management AG will carry out a capital increase for its Baloise Swiss Property Fund from August 10th to 19th, announced the asset management company of the Baloise Group in a message . A maximum of 1.24 million new shares with a total value of around 135 million are to be issued on a commission basis.
The issue price including issuing commission is stated in the notification at 110.70 francs per unit. According to her, every 19 subscription rights entitle the holder to purchase five new shares. Any shares that have not been subscribed will not be issued, Baloise informs.
The funds raised are to be used for the acquisition of a real estate portfolio consisting of 15 residential properties, one commercial property and one mixed-use property. Baloise announced the planned purchase of this property, which is spread across ten cantons, last month.
The property portfolio with a market value of around 185.2 million francs is currently held by Basler Versicherung AG and Basler Leben AG, which are part of the Baloise Group. The Swiss financial supervisory authority has already granted the fund management company the necessary exemption from the ban on takeovers by related parties, explains Baloise. To finance the purchase, Baloise intends to raise around 50 million francs in outside capital in addition to the capital increase.
Julius Baer's portfolio of real estate services has so far focused on mortgage financing. Now the banking group wants to expand its offering in "this important asset class", announced Julius Baer in a press release . In the future, advice, brokerage, financing and structuring as well as related services for investment management, valuation and management of real estate are to be offered.
The banking group wants to implement these plans with partners and in cooperation with third-party providers. In a first step, Julius Baer will acquire 83 percent of the Zurich real estate service provider KMP , explains the banking group in the announcement. The current majority owner and CEO of KMP, Dominik Weber, is to set up a new real estate unit for the banking group under the umbrella of Julius Baer. As a future minority owner, Weber will also remain Chairman of the Board of Directors of KMP, writes Julius Baer.
In a further announcement , the banking group is communicating its key figures for the first half of 2021. According to this, Julius Baer was able to increase net profit by 23 percent year-on-year to 606 million francs. The group’s assets under management increased by 12 percent to CHF 486 billion compared to the end of 2020.
"We have successfully shifted our focus to sustainable profit growth and continuously strengthened the attractiveness of our performance promise for existing and new customers", Julius Baer CEO Philipp Rickenbacher is quoted in the press release. According to her, the net profit is the highest half-year profit in the company's history.
Sika is developing into number one for green roofs in North America: The producer of construction chemical product systems and industrial sealants and adhesives takes over the Chicago-based American Hydrotech Inc. and its Canadian subsidiary Hydrotech Membrane Corporation , based in Ville d'Anjou in the province of Quebec.
According to a press release from Sika, the company is the “clear market leader” for green roofs as an “established and recognized manufacturer of liquid membranes”. Hydrotech also has a strong market position when it comes to waterproofing the roofs and foundations of shopping centers. In 2020, the company achieved sales of CHF 83 million.
“With the takeover, we will become the clear market leader in the rapidly growing application areas of green roofs and building waterproofing,” says Christoph Ganz, Sika's regional manager for the Americas. The fact that Hydrotech offers long-lasting products made with 40 percent recyclates “fits perfectly with Sika's sustainability strategy and strengthens our position in large cities, where green roofs are becoming increasingly important”.
Swiss Life Asset Managers has taken over the real estate business of the Oslo-based investment company Ness, Risan & Partners ( NRP ). The acquired business area for commercial real estate and real estate funds with its 39 employees will in future operate under the Swiss Life Asset Managers brand.
"With one of the leading providers of logistics real estate in the Nordic countries, we can strengthen our geographical presence in line with our strategy and further expand our position as a leading real estate manager in Europe", Stefan Mächler, CIO of the Swiss Life Group, is quoted in a press release. Nothing was known about the financial details of this transaction. It is expected to be completed in the fourth quarter.
NRP has a strong network and knowledge of the Nordic commercial real estate market. Founded in 2000, the company manages a diverse portfolio of office, retail and industrial properties. At the end of 2020, NRP managed and managed assets worth the equivalent of 1.2 billion Swiss francs. In addition to the real estate industry, NRP is also active in the shipping and offshore sectors.
Christian Ness, founder and managing partner of NRP, is certain to have found “the perfect partner for NRP”, “who has a strategic approach, financial strength, know-how and a network that makes this relationship more valuable than the sum total of the individual parts. "
Dormakaba International Holding AG has taken over Solus Security Systems Pvt Ltd. closed. The company for access and security solutions expects the transaction to make a contribution to earnings per share at group level and to the EBITDA margin from day one, according to a media release . Solus achieved sales in the single-digit million range in the 2020/2021 financial year as of the end of March 2021. No further financial information was given on the transaction.
Solus is the market leader in India for integrated solutions in the field of electronic access control, time and attendance recording, access management for visitors, access control and security as well as the associated services. The company has a total of 200 employees in Bangalore and other locations, including 130 service technicians. They serve system integrators and medium-sized end customers in various industries throughout India.
"We are expanding our electronic access & data business in India with a broad product portfolio, additional sales channels and a large customer base – Solus offers us excellent growth opportunities," said Jim-Heng Lee, COO AS APAC at dormakaba, in the press release quoted.
For Solus, too, there are “synergies from the expanded product portfolio and the greater market presence, which increases the additional benefit for our customers in terms of better solutions and services,” said Narasimha Swamy, owner and managing director of Solus, quoted in the media release.
Zurich-based PriceHubble AG has successfully completed a Series B financing round. The proptech was able to raise $ 34 million from new and existing investors, according to a media release . It focuses on real estate valuations and property insights on the basis of big data analytics and artificial intelligence. This round was led by Digital + Partners . The internationally growing company received "significant investments" from Latitude Ventures , TX Ventures and Business Angels. It also met with great demand from existing investors, including Swiss Life and btov / Helvetia Venture Fund .
This is one of the largest B rounds in the European proptech scene, said Dr. Stefan Heitmann, Co-Founder and Chairman of the Board of Directors of PriceHubble. CEO Julien Schillewaert considers it an "important milestone on the way to realizing our vision of becoming the undisputed market leader for data-driven digital solutions for the real estate and financial industries in Europe and Asia".
For this, PriceHubble “with the combination of an excellent team, a mature technology-driven organization and a best-in-class UX, PriceHubbel is ideally equipped to continue to drive growth, to attract additional top talent and the go-to-market organization to scale internationally ”, says Patrick Beitel, co-founder and managing director at Digital + Partners.
The company, which was founded in Zurich in 2016, is now active in nine markets: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic and Slovakia. The B2B customer base has tripled in the past twelve months. It now consists of 800 companies.
Die Gebäudeautomation der Hälg Group mit Sitz in St.Gallen eröffnet in Freiburg-Givisiez einen neuen Standort und baut damit ihr Netzwerk in diesem Geschäftsfeld aus. Laut Medienmitteilung ist Freiburg der siebte Standort. Bisher war die Hälg Gebäudeautomation mit eigenen Standorten in St.Gallen, Luzern, Zürich, Basel, Chur und Genf vertreten.
Vom neuen Standort aus soll der Anlagenbau in der Region Freiburg, Neuenburg und Lausanne betrieben werden. Zusammen mit dem bisherigen Standort Genf sei damit die Hälg Gebäudeautomation in der ganzen Westschweiz vertreten. Ab dem 1. September sei ein vierköpfiges Team vor Ort. Der erste Mitarbeitende habe bereits jetzt seine Arbeit aufgenommen.
Hälg hebt in der Medienmitteilung hervor, dass das Team in Freiburg-Givisiez in das Netz der Gebäudeautomation Schweiz eingebettet sei. Die Mitarbeitenden in den einzelnen Standorten tauschten sich aus. Damit könne die Hälg & Co. AG Gebäudeautomation neben dem Team vor Ort auch auf das schweizweite Team der Gebäudeautomation zurückgreifen.
Das Familienunternehmen Hälg werde in vierter Generation durch die Inhaber geführt, heisst es in der Mitteilung. Unternehmensziel sei, die Hälg Group zum führenden Schweizer Dienstleistungsunternehmen für Gebäudetechnik im Bereich Heizung, Lüftung, Klima, Kälte und Sanitär über den ganzen Lebenszyklus einer Anlage zu machen.
Die Unternehmensgruppe beschäftigt nach eigenen Angaben an 22 Standorten in der Schweiz 1125 Mitarbeitende und erzielte 2020 einen Umsatz von 312 Millionen Franken.
Companies from established industries, but also start-ups with a focus on disruptive technologies, find attractive conditions: • Faster travel: perfect access via the motorway, public transport, air traffic • More versatile network: 24 minutes to Basel, 27 minutes to Bern, 31 minutes to Zurich • Better living: culture in the city, sport in the Jura mountains, relaxation on the Aare • Pay less: low fixed costs, attractive real estate prices
The canton of Solothurn is a technology location: international industry leaders research and develop here. A third of the skilled workers work in the manufacturing industry. Medical technology is particularly well represented around Grenchen and Solothurn, and the machine, watch and electronics industries have a long tradition. The dynamic Olten region is proving to be an attractive service center. The energy industry is also strongly represented throughout the canton.
The excellent location of the canton of Solothurn enables access to specialists from all sciences – ETH, universities, technical colleges and research facilities are within commuting distance. The economy trains around 70 percent of school leavers in the dual vocational training system – practical and business-oriented. That strengthens the offspring.
The canton of Solothurn has a business airport in Grenchen as a training center. The simplified check-in speeds up travel time on business trips. A smart center for e-aviation is also being built in Grenchen.
Testimonials
Brigit Wyss Councilor Canton of Solothurn
«Due to its location in the middle of the centers of Basel, Bern and Zurich, the canton of Solothurn is an attractive investment location, especially for MedTech, life sciences and additive manufacturing. In addition, our regions offer the best quality of life for skilled workers and their families. "
Livio Marzo CEO Thommen Medical
«In the next few years we want to bring various outsourced business areas to our headquarters in Grenchen in order to be able to sustainably increase the quality and profitability of our products and services. We are investing in a new building in Grenchen. "
Jose Sanchez Plant manager Solothurn Biogen International GmbH
«We were looking for a location with business-friendly framework conditions, a reliable structure and access to a well-trained workforce. We found all of these criteria to be met in the canton of Solothurn. "
Peter Mettler CEO of real estate developer Mettler2Invest AG with locations in St. Gallen, Kemptthal, Zurich and Basel
“In Olten, right at the train station, we are developing the“ ICONO ”building complex with 155 rental apartments. Retail space will be created on the ground floor and office space on the 1st to 2nd floors. The project will set an important accent as the entrance gate to the city of Olten. "
Specialist office for location promotion in the canton of Solothurn The team from the location promotion and external contacts department is the first point of contact for Solothurn companies and those who want to become one. We accompany and support your settlement or site expansion project.
According to UBS , the pandemic has sparked a sharp surge in demand for luxury real estate. As their recently published study “ UBS Luxury Property Focus 2021 ” shows, demand rose by more than half compared to the previous year. This is about three times as high as the five-year mean. As a result, prices also rose above average: "The excess demand caused prices in the luxury segment to skyrocket by 9 percent in 2020 – significantly more than the 4.4 percent in the average Swiss home market," said UBS real estate expert Katharina Hofer in a press release quoted.
UBS is making a “gold rush” on Lake Geneva. The municipality of Cologny remains the most expensive luxury real estate market in Switzerland. In the luxury communities near Geneva, prices rose by an average of around 16 percent over the course of a year. The highest-priced properties in Gstaad can be found on the second home market. In the Upper Engadin, the luxury segment begins just below the purchase prices there. Luxury properties in mountain communities were also 10 percent more expensive. In contrast, the price increases in the Lake Zurich region and in Central Switzerland were more moderate with an average of 6 percent.
The UBS report cites the positive development of the financial markets as the reasons for the high demand. In addition, the long-term intrinsic value was particularly attractive in view of the uncertain economic development. In addition, the study notes an increased interest from abroad. "Because the local measures to contain the pandemic were far less restrictive than, for example, in France, Italy or Great Britain." A large part of the foreign demand comes from these countries. UBS also cites the low risk of higher taxes in this country for top earners and the good health system as motives.
UBS expects that current demand drivers will also remain in effect in the second half of the year. Accordingly, an above-average number of transactions and local price increases can still be expected. And the trend should continue beyond the year, so Hofer: "Anyone looking for a place with stable institutions and established luxury locations in global luxury markets should increasingly focus on Switzerland."
MoneyPark is growing in Winterthur. Last year, the company's team there was expanded from three to six consultants. Accordingly, MoneyPark has now moved into new premises. The location is at Metzggasse 20 and, according to a report, comprises six consultation rooms.
"Now we want to continue to grow and provide our customers with intensive support on everything to do with mortgages, provisioning and buying and selling real estate," Flavian Scheidegger is quoted as saying. In June he took over the management of the Winterthur branch from Andreas Leu.
Not only the branch in Winterthur is expanding. MoneyPark also recently expanded its business. In this way, customers can get advice not only on financing and provision, but also on questions relating to property searches, buying, owning and selling.
Häuselmann Metall GmbH has officially opened its new headquarters in Embrach. The metal trader, which had existed since 1947, moved with its 60 employees from Dietlikon to the Zürcher Unterland in May. At the new location, he has built a new production hall and warehouse as well as offices for sales, administration and ordering on an area of 10,000 square meters. The company invested 16 million francs in this.
"The cooperation with the community is sensational", CEO Franz Thür is quoted in a message from the Zürcher Unterland location. Embrach had made the land available to him under construction law. In return, the company created new jobs. On the occasion of a tour of the grounds, Embach mayor Erhard Büchi expressed his admiration for the ultra-modern new company location and congratulated Thür on his entrepreneurial courage.
Thür also sees the new building as “a good opportunity to improve the culture”. All employees have moved with them, but "resentment can still be felt here and there, for example because of the now somewhat longer commute". A cafeteria and a roof terrace with a grill and seating should also contribute to a pleasant working atmosphere.
Construction investments fell by 0.3 percent year-on-year in 2020, as the Federal Statistical Office ( FSO ) writes in a press release. This is understood to mean the construction expenses without public maintenance work. If these are also factored in, the total construction expenditure will be roughly at the level of the previous year.
Investments in new construction projects have decreased by 0.6 percent year-on-year. In contrast, 0.1 percent more was invested in renovation projects. The federal government, cantons and municipalities invested more in both new construction and renovation projects than in 2019. In 2020, private clients were more cautious.
According to the FSO, a positive development was observed in civil engineering investments. These increased by 3.2 percent in 2020. In contrast, investments in building construction projects decreased by 1.1 percent. While the federal government, cantons and municipalities have invested more in building construction as well as in civil engineering than in the previous year, the amount invested by the private sector only increased in civil engineering.
Attractive economic area The economic area between Zurich, Basel, Bern and southern Germany is one of the most successful and attractive locations in Europe for companies. The canton of Aargau makes a significant contribution to the success of this region. Small and medium-sized companies as well as global corporations are successful in various industries in Aargau. Their brands stand for a wide range of expertise and know-how in future-oriented key technologies. The geographical location in the middle of Europe guarantees proximity to national and international markets.
A network for success Renowned research institutions in the canton of Aargau give companies direct and easy access to the latest available technologies and the most modern technical infrastructures. With the High-Tech Center, the Innovaare Park, the Technopark, the Northwestern Switzerland University of Applied Sciences and the Paul Scherrer Institute, companies have highly competent innovation partners at their side who support them in their innovation projects.
Smart investments in two ways There is a business-oriented and entrepreneur-friendly climate in the canton of Aargau. Innovative companies can benefit from tax instruments such as the patent box or maximum deductions for research and development. After the end of the year, the company therefore regularly has more money for new investments.
The canton of Aargau is not only attractive because of its strategically advantageous location. Compared to the urban agglomerations, you can purchase land and real estate in Aargau much cheaper; there is sufficient space available for future work zones. Aargau companies also benefit on average from lower wage costs.
Testimonials
Roger Süess CEO Green
With Lupfig in the canton of Aargau, we have found an ideal location for our first data center campus. Comprehensively and securely developed, it serves discerning corporate customers and international cloud providers alike as a Swiss data hub.
Dieter Egli Government Council Head of Department of Economics and Home Affairs (DVI)
Aargau is a location for growth and development. Important research institutions work here with innovative companies and up-and-coming young companies. We achieve progress – always according to the principle of sustainability, so that our livelihoods are preserved.
Dr. Martin Schumacher Country Managing Director Hitachi ABB Power Grids
Hitachi ABB Power Grids values the innovative, sustainable environment that is offered to companies and their employees in the city of Baden and the surrounding area. Historically, we have had strong roots in the city since the BBC was founded in 1891.
Suzanne Marclay-Merz VRP Merz AG VRP Bank Leerau Grand Councilor of the Canton of Aargau City Councilor Aarau
Aargau offers companies a business-friendly environment and active, needs-based support. The location is optimally located in terms of transport, has excellent skilled workers, offers good educational opportunities and a high quality of life.
Contact Success needs good partners. Count on our experienced and professional team to support you in all aspects of the business location Aargau can advise.
Canton of Aargau, Department of Economics and Home Affairs, Aargau Services Economic Promotion, Rain 53, 5001 Aarau, +41 62 835 24 40, aargau.services@ag.ch, www.aargauservices.ch
TX Markets is expanding its portfolio of real estate marketplaces. The company belonging to the TX Group has taken over the real estate portal Acheter-Louer.ch from La Tour-de-Peilz VD, informs TX Markets in a message . Acheter-Louer.ch specializes in digital marketing for real estate agents. To this end, the company provides customers with its customer relationship management system, Publimmo, among other things.
"We have been following the development at Acheter-Louer.ch in French-speaking Switzerland for a long time," said Olivier Rihs, CEO TX Markets AG, in the press release. According to her, co-founder Philippe Schyrr will continue to operate the real estate portal, which was founded in 2010, “largely independently” under the umbrella of TX Markets. "As a successful real estate portal and family business, the company is an ideal addition to our portfolio and strengthens our growth strategy at TX Markets," says Rihs. The company responsible for all marketplaces of the TX Group already has a portal for the digital search, financing and marketing of real estate in its portfolio, homegate.ch. Acheter-Louer.ch is intended to complement and strengthen TX Markets' portfolio of real estate marketplaces, particularly in French-speaking Switzerland.
The major bank UBSand the Baloise insurer from Basel are entering into a strategic partnership. According to almost identical media releases, both are planning to merge their respective solutions and services for property owners.
The joint ecosystem Home & Living is to emerge from the Atrium and key4 mortgage platforms from UBS and Home from Baloise, which broadly covers the living and everyday needs of its customers. In addition, the partners intend to include existing and possible company holdings of both companies. In addition, they also express their intention to integrate the offers of various start-up companies.
"Baloise has in recent years greatly in expanding its ecosystem Home invested", is Yannick Hasler, Head of Retail Banking Baloise Switzerland, cited . "With the cooperation and investments in innovative Swiss start-ups such as Houzy , Devis , MOVU , Bubble Box or Batmaid , the foundation stone was laid for a service network that makes our customers' everyday lives easier."
With Atrium and key4, UBS laid the foundation for its platform business in Switzerland, says Sabine Magri, COO of UBS Switzerland AG. “The continuous expansion through partnerships with and investments in innovative start-ups and intermediaries is central to the further development of our ecosystem. The planned strategic partnership with Baloise is complementary, we can complement each other perfectly. "
The Oslo-based cleantech company TECO 2030 and the Norwegian subsidiary of the construction company Implenia will receive the equivalent of 16.77 million Swiss francs from the state enterprise Enova of the Norwegian Environment and Climate Ministry for the development of hydrogen-powered solutions for construction sites. The funds will be granted from September over a period of two and a half years. Part of Norway's climate strategy is that from 2025 onwards, no more fossil fuels will be used on construction sites. According to a press release from Implenia, these “generous subsidies” will enable both companies to achieve the goal set by the Norwegian government.
Implenia and TECO 2030 had already signed a contract to develop and test such building solutions in April. "Our fuel cells can be used for large ships and other heavy-duty applications, then why not for driving devices on construction sites," Teco had 2030 CEO gates Enger then explained . "By using hydrogen-based fuel cells instead of diesel generators, emissions on construction sites can be completely prevented, making them more climate-friendly," said Enger in the current press release.
As Implenia emphasizes, this initiative is in line with its own twelve sustainability goals, which are to be achieved by 2025. "We are of the opinion that hydrogen will play an important role as an energy source on the construction sites of the future," says the CEO of Implenia Norway, Audun Aaland. "And we are proud that we can advance this sustainable innovation together with TECO 2030."
According to a statement from Procimmo SA , the Immo56 fund managed by the asset manager of collective real estate investments achieved a good result in the financial year ended March 31. Specifically, the return on investment has risen from 5.78 to 7.54 percent year-on-year, it says there. The net asset value per unit rose from CHF 148.30 to CHF 154.00 over the same period.
In the year under review, the fund generated total income of CHF 22.91 million. This was offset by expenses totaling 9.98 million francs. The overall success has increased by 51 percent year-on-year to 23.59 million francs, writes Procimmo.
The fund's rental income in the year under review was CHF 20.20 million, up 5.3 percent on the previous year. At the same time, the rent default rate was reduced from 3.49 to 3.15 percent. The fund's EBIT margin improved from 65.82 to 68.81 percent year-on-year, explains Procimmo. The total net fund assets are stated in the notification at CHF 358.8 million as of the end of March 2021.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.4 points in June. Compared to the previous month, the asking rents have fallen by an average of 0.09 percent, explains homegate.ch in a corresponding message . In contrast, an increase in rental prices of around 0.7 percent has been observed over the past twelve months.
“As usual,” the asking rents have developed differently in the individual cantons and cities, explains homegate.ch. The analysts of the index observed the greatest declines with 1.29 percent in the city of Lausanne and with 0.99 and 0.49 percent in the cantons of Schwyz and Geneva. The strongest price increases, at 0.68 and 0.65 percent, were registered in the city of Bern and in the canton of Zug.
In most of the other cantons, the analysts observed a rather inconspicuous development in rental prices. The communication provides an interactive overview of developments in the cantons and metropolises.
In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.
"Renting and buying in Switzerland is getting more expensive", is how ImmoScout24 wrote a message on the current Swiss Real Estate Offer Index . It is prepared monthly by ImmoScout24 and the real estate consultancy IAZI AG . According to the surveys, the prices for rents and residential real estate rose on average across Switzerland in the first half of 2021.
The prices for residential property have only risen for months, explains ImmoScout24 in the message. Since the beginning of the year, prices for single-family houses have risen by a total of 3.8 percent, with a price increase of 1.4 percent compared to May being observed in June alone. The corresponding values for condominiums were 4.7 and 1.0 percent, respectively.
The index analysts have observed an ups and downs in rents over the past few months. There was an increase of 0.7 percent over the first half of the year. In June, an average increase of 0.6 percent compared to May was registered.
Renting has not become more expensive everywhere, it says in the message. Specifically, monthly rents dropped between 3.0 and 0.1 percent in Ticino, the Central Plateau, the Lake Geneva region and northwestern Switzerland.
Martin Waeber is quoted in the press release as saying that "the record price increase in the residential property market" has contributed to the fact that many people did not even ask themselves whether to rent or buy. “If you don't necessarily want to rent in the center”, you can “still get a bargain in some regions”, says the Scout24 Group's CFO.
The Scout24 group belongs to the insurance group Mobiliar and the media group Ringier . In addition to the real estate platform ImmoScout24, the network of online marketplaces operates the platforms AutoScout24, FinanceScout24, MotoScout24, the classified ads platform Anibis and the marketer Scout24 Advertising.
Swiss Life Asset Managers has successfully completed a capital increase for the real estate fund Swiss Life REF (LUX) German Core Real Estate SCS, SICAV-SIF, informs the asset manager belonging to the Swiss Life Group in a message . A total of 108.7 million euros were raised, it continues. The funds are to be used to acquire sustainability-oriented properties in Germany.
Among other things, Swiss Life Asset Managers will acquire contractually secured residential properties that are characterized by energy efficiency and earnings potential, the company explains in the press release. In general, at least 50 percent of residential real estate should continue to be held in the fund. However, part of the newly brought in funds will be used to acquire commercially used properties in good to very good locations in German cities.
Swiss Life Asset Managers signed the UN Principles for Responsible Investment as early as 2018, the announcement further explains. According to her, the company applies appropriate environmental, social and corporate management criteria to both the purchase and management of real estate.
Madaster wants to strengthen the circular economy in the construction and real estate sectors. To this end, it offers digital tools such as material passports and indices for recording the economic and circular value of buildings on its platform, Madaster explains in a press release . According to her, Madaster Services Schweiz AG has won a new colleague in Allco AG. Together, Madaster and Allco want to make it easier for companies to access building passes and promote their use.
"As a general contractor for complex construction, conversion and renovation projects, we have a great responsibility", Allco managing director Urs Meier is quoted in the press release. "It is clear to us that Madaster is an important part of systematic and always transparent sustainability planning over the life cycle of a building." The company uses the Madaster tool, among other things, for the renovation of a property in Zurich for Swiss Prime Site .
In building passports, data about the materials used in a building are recorded. In this way, future recycling of the material is made possible. Allco's specialist knowledge should help Madaster make “material data usable over the entire life cycle of buildings”, explains Marloes Fischer in the press release. "This is how circular building works", says the managing director of Madaster Services Switzerland.
ImmoScout24 wants to offer customers residing in Germany a rental loss insurance. To this end, the real estate platform of the Scout24 Group is working together with the white label insurer iptiQ from Swiss Re , the Zurich insurance group informs in a message . The offer launched under the ImmoScout24 brand covers the complete or partial loss of up to six monthly rents including ancillary costs. The insurance can be taken out and managed online.
"With the digital ImmoScout24 loss of rent insurance, we are providing private landlords with an innovative service that makes renting safer for them," Ralf Weitz, Managing Director of ImmoScout24, is quoted in the press release. This could be particularly relevant in times of the pandemic, says Weitz. ImmoSout24 takes on the role of the registered agent in the partnership.
IptiQ is responsible for covering all insurance-related aspects of the community offer, is further explained in the communication. "With ImmoScout24 we have the ideal partner in Germany to be able to offer customers tailor-made insurance products in the household sector online exactly when it matters", Andreas Schertzinger, CEO iptiQ EMEA P&C, is quoted there.
The Scout24 group belongs to the insurance group Mobiliar and the media group Ringier . In addition to the real estate platform ImmoScout24, the network of online marketplaces operates the platforms AutoScout24, FinanceScout24, MotoScout24, the classified ads platform Anibis and the marketer Scout24 Advertising.
With the Series A financing round, Swiss Nuclides AG was able to raise CHF 2.6 million. Zurich-based Turos Capital AG and private investors were involved. This capital will be used to continue the preclinical and clinical development of the lead molecules.
The Aargau start-up develops solutions for personalized cancer diagnostics, prostate cancer and neuroendocrine tumors. This improves the use of positron emission tomography (PET). This reduces cancer diagnosis and radiation exposure for patients to a minimum. With this method, sugar metabolism processes are examined to identify changed tissue structures. The patients take glucose which is linked to a weakly radioactive tracer molecule.
Novavest has completed a further capital increase from existing authorized capital, the real estate company informs in a message . Specifically, 642,619 new registered shares were subscribed at the subscription price of 42.05 francs each during the subscription rights trading between June 14 and 23. Novavest intends to use the approximately 27.0 million francs it has brought in to expand its portfolio of residential properties.
During the capital increase, existing shareholders of Novavest Real Estate AG were granted the right to purchase one new share for every eleven registered shares already held. The offer was also met with "great interest from both institutional and private investors," writes the company. As a result, Novavest was able to expand its shareholder base.
After the capital increase, Novavest's share capital will amount to 207.4 million francs, the announcement further explains. Just last December, Novavest raised around CHF 28.6 million in a capital increase. These funds were also used to expand the company's own real estate portfolio. At the end of May, the company then lowered the nominal value of its shares by 1.65 francs to 26.90 francs.
Schlieren has developed into a strong business location just outside the gates over the past two decades. There are now 1162 companies based in the city. There are 18,500 jobs for every 19,500 inhabitants. Schlieren now ranks 20th out of 132 municipalities in the city ranking of “Bilanz”.
The city wants to expand this strong position. This emerges from the economic strategy 2021-2025 , which was drawn up with over 80 business representatives and has now been presented .
Schlieren starts with its existing strengths. In the field of biotech around the Bio-Technopark Schlieren , the city is to further expand its international position. On a national level, Schlieren wants to position itself even more strongly as a location for start-ups. In Schlieren, clusters in the field of medtech and health care and in ICT are also to be added to match these two topics. Schlieren wants to establish itself as a node in networks that extend far beyond the city.
This also requires increased communication. In the future, the city also wants to communicate in English and French on selected topics.
But the city also wants to maintain its other clusters. For example, a service agreement with Shopping Schlieren is planned in the purchasing area. Important actors are to be retained and niche providers to settle in Schlieren. The automobile cluster should also be looked after and preserved.
A good location needs space: Areas such as the Gasi, Geistlich-Areal, Wagi, Rüti and others should receive tailor-made development strategies. A good location also needs people: the leisure and service offers should be expanded.
The city wants to further develop the location with partners such as Limmatstadt AG and the Greater Zurich Area. An economic council made up of representatives of the companies in Schlieren is also planned to support the city in the further development of the location. There will also be a change at the top of location promotion: Albert Schweizer built it up in over two decades. He will retire in around five years; the successor should be prepared in the next few years.
PriceHubble is planning to focus on Central and Eastern Europe, the Zurich-based PropTech company, which specializes in real estate valuations for companies, informs in a press release . To this end, PriceHubble has taken over the Czech PropTech Realtify. The start-up company founded by Vladislav Kochetov in Prague in 2019 offers services for residential property professionals. Kochetov should manage the company, which will now operate as PriceHubble Czechia, also under the PriceHubble umbrella and, in particular, be responsible for the growth of the Zurich-based PropTech company in Central and Eastern Europe, PriceHubble writes.
The takeover is intended to strengthen and expand PriceHubble's position, Julien Schillewaert explains in the press release. "PriceHubble is without a doubt one of the fastest growing PropTech companies in Europe," the PriceHubble CEO is quoted as saying. "There is strong growth potential in Central and Eastern Europe and the integration of Realtify into our team enables us to accelerate our market expansion in the region." With the takeover, PriceHubble is now in Switzerland, France, Germany, Austria, the Netherlands and Belgium , Czech Republic, Slovakia and Japan are active.
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