immo!nvest – Die Plattform für Standorte und Immobilien

Category: Business

  • Mega merger with a signal effect

    Mega merger with a signal effect

    Glencore and Rio Tinto have confirmed that they are in preliminary discussions about a possible combination of “some or all” of their businesses. An all-share deal, structured as a court-sanctioned scheme of arrangement in which Rio Tinto acquires all of Glencore, is considered likely in the market

    Under UK takeover law, Rio Tinto has until February 5, 2026, 5 p.m. London time, to publish a “firm intention to make an offer” or terminate discussions. This is the classic “put up or shut up” deadline. Both companies expressly emphasize that there is no certainty that a formal offer or even a deal will be made

    Possible deal structure and strategic logic
    A mega-merger with a combined enterprise value of well over 200 billion US dollars is being discussed. It would create one of the largest mining and commodities groups in the world with over 200,000 employees. The spectrum ranges from a full takeover to partial transactions, for example with a focus on Glencore’s copper mines and other energy transition metals

    The sticking point is Glencore’s coal business and its extensive trading portfolio. Rio Tinto has exited the coal business and is unlikely to have much interest in a permanent return. Scenarios range from a temporary takeover followed by a spin-off to a deal in which only selected assets such as copper are integrated into Rio Tinto

    Copper as a driver
    Strategically, the focus is on access to raw materials for decarbonization and digitalization. Both groups have significant copper reserves. Together, they would become a dominant supplier of a metal that is indispensable for grid expansion, e-mobility, renewable energies and energy-intensive data centers

    Analysts point out that copper demand could increase by around 50 percent by 2040, while supply lags behind at times. An environment that rewards size, capital strength and pipeline depth. A merger would further drive consolidation in the global mining sector and strengthen the market power of a few heavyweights

    Significance for Zug and Switzerland as a commodities center
    Glencore, headquartered in Baar, is one of the most important commodities groups and taxpayers in Switzerland, with around 1000 employees working in the Zug area. In the event of a share deal, the group would probably be integrated into a global Rio Tinto structure, but details of the headquarters, listing, governance and functions in Zug are still open

  • Sunrise streamlines structures

    Sunrise streamlines structures

    The planned reduction is part of an “organizational development” with which Sunrise intends to reduce hierarchical levels, shorten decision-making paths and make processes more efficient through the use of new technologies. Numerous management functions in particular would be affected. Store employees with direct customer contact and trainees are to be largely spared.

    in the event of unavoidable redundancies, a social plan will come into effect that takes into account age and years of service, provides for a new placement program and includes a fund for individual bridging and qualification measures. Employees aged 58 and over receive fixed-term contracts until 62, and from 62 Sunrise supports early retirement. Younger employees are to be reintegrated into the labor market as quickly as possible.

    repeated cuts hit staff hard
    The news comes as another shock for employees. Sunrise already cut 166 jobs in 2024 as part of the integration of UPC following a consultation process.

    in the ongoing consultation process, the Syndicom trade union is calling for alternatives to be seriously examined and for the company to refrain from further job cuts. The decision on the actual redundancies is expected once the process has been completed. They are likely to be announced in February and March 2026.

    price war forces efficiency
    The Swiss telecoms market is highly competitive and numerous new providers have entered the market since liberalization, while there has been no market consolidation. At the same time, customers are becoming increasingly price-sensitive, discount campaigns and promotions are squeezing margins and forcing consistent cost discipline.

    in this environment, providers are trying to distinguish themselves with low tariffs, package offers and service quality, while at the same time investing heavily in networks, fiber optics and 5G. Structural programs such as Sunrise’s are therefore not just business manoeuvres, but an expression of a market in which efficiency is becoming a question of survival.

  • Apartments are shrinking again

    Apartments are shrinking again

    Households are getting smaller, while apartments remain large. The average household size has fallen to around two people since the 1960s, and the proportion of single-person households is now around 41%, in some cases half of all households in large cities. At the same time, the large multi-room apartment dominates the housing stock, a structural mismatch that puts new construction under pressure.

    added to this are price and location pressures as well as sharp rises in land, construction and energy costs. This makes large apartments unaffordable for many, while investors achieve higher returns per square meter with smaller units. Urban planning models are focusing on redensification instead of single-family homes, and the proportion of new-build apartments in apartment buildings has risen.

    technical consequences for planning and construction
    Smaller apartments do not mean less planning, but more complexity in a smaller space. Higher building densities, larger spans and finer load transfer place demands on structural planning. The building services must supply more residential units per building, with higher requirements for sound insulation, ventilation, cable routing and meter logistics.

    in terms of fire protection, escape routes, fire compartments and rescue concepts are becoming more demanding as densification and mixed use increase. At the same time, there is growing pressure for flexible floor plans that can be divided, combined or repurposed, from single apartments to family homes and back again.

    conversion instead of tabula rasa
    New construction alone cannot remedy the structural imbalance between household and apartment sizes. Most of the existing housing stock dates back to the days of other housing and family models. Demolition and replacement would be neither economically nor ecologically justifiable.

    the focus is therefore shifting to the existing housing stock. Dividing up large apartments, building additions in the courtyard, adding storeys or converting office space become the central engineering task. In technical terms, this means interventions in statics and fire protection, retrofitting building services during ongoing operations and precision work on the occupied building.

    space as an underestimated lever
    The most important message from the evaluations is that heating, insulation and systems engineering are decisive for energy requirements. The heated living space per capita is decisive. Living on fewer square meters automatically reduces the heating load, the use of materials and the operating energy required

    Smaller and more energy-efficient homes therefore become a double key. They are better suited to smaller households and noticeably reduce the energy consumption of the building sector. Downsizing has a more immediate effect than many individual technical measures, provided that floor plans remain liveable, adaptable and socially mixed.

  • Basel between regulation and reality

    Basel between regulation and reality

    The latest political interventions, above all the housing protection initiative that came into force in May 2022, have shaken up the industry. The Housing Protection Act protects the existing housing stock and acts as a brake on renewal. Many owners are asking themselves, is it still worth doing what would make economic and ecological sense? The current discussions in the local property sector show that realism dominates, optimism is rare and uncertainty is widespread. At least politicians have recognised the problem and made initial adjustments. On 1 November 2025, the ordinance on the Housing Protection Act was amended and corrections made. The amendment to the ordinance is a step in the right direction. But not much more. In order for renovation, refurbishment and investment to actually take place again, the law needs to be amended.

    At the same time, it should be noted that the Basel housing market remains robust. The demand for good living space is unbroken, vacancy rates remain low (albeit less low than in other cities) and the attractiveness of the tri-border region, with its locally anchored pharmaceutical and life science industry, remains high. But the surrounding area is not sleeping either, with regulatory intervention in Basel encouraging a creeping relocation of investments to the neighbouring cantons and beyond. This not only affects investors, but also the local industry, which has to look outside Basel-Stadt for work. In some cases, this is causing prices to falter. This is not a healthy trend, but a warning signal.

    At the same time, the requirements for ESG compliance and energy efficiency are constantly increasing and with them the cost pressure. Anyone building or renovating today not only has to do the maths, but also justify themselves to banks, authorities and an increasingly critical public.

    In the short term, the search for stability and planning security dominates. In the medium term, the focus is shifting to the energy-efficient refurbishment of existing properties, not least from an ESG perspective.

    In the long term, the Basel property market will have to be judged on whether it can find a new balance between regulation, sustainability and profitability. Confidence remains, fuelled by the conviction that quality, innovative spirit and regional strength will endure even in challenging times.

    Fabian Halmer,
    President SVIT beider Basel
  • Digital brokerage platform expands offering in the skilled trades market

    Digital brokerage platform expands offering in the skilled trades market

    QuinStreet will integrate HomeBuddy into its offering. The California-based company has announced that it intends to use the SIREN GROUP’s brokerage platform from the canton of Schwyz to add “an important new product line” to its Modernise Home Services platform. The aim is to enable trades companies to achieve “predictable, sustainable business growth”.

    QuinStreet also believes that this acquisition will result in an increase in adjusted EBITDA of an estimated £30 million or more in the first twelve months. After that, “already identified synergies” are expected to come into play and lead to “significant growth”. According to the information provided, HomeBuddy generated revenue of approximately $141 million in the twelve months to 30 September 2025.

    To achieve the targeted growth, QuinStreet will pay SIREN GROUP $115 million in cash upon closing and an additional $75 million over a four-year period under a share purchase agreement. Further details of the transaction will be provided with the financial results for the first two quarters of 2026, according to the information provided.

    QuinStreet expects HomeBuddy to expand its network with new repair and renovation professionals and increase its customer base to more than 2,000 businesses and regional professionals from 30 demanding industries. In addition, HomeBuddy is expected to further strengthen QuinStreet’s foundation for delivering new products and services, most notably the 360 Finance marketplace for financing home renovations.

  • Majority stake drives growth in the Peruvian market

    Majority stake drives growth in the Peruvian market

    The Zug-based building materials company Holcim has announced the acquisition of a majority stake in the Peruvian building materials company CementosPacasmayo. With this transaction, Holcim is strengthening its presence in the growth market of Latin America and pursuing its NextGen Growth Strategy 2030, according to the press release.

    Cementos Pacasmayo is forecasting net sales of USD 630 million and an EBITDA margin of 28 per cent in 2025. The transaction volume of USD 1.5 billion thus corresponds to 8.8 times the EBITDA forecast for 2025. The acquisition is expected to have a positive impact on earnings per share (EPS) and free cash flow in the first year and on return on investment (ROIC) in the third year.

    “The synergetic acquisition of Cementos Pacasmayo is in line with our ‘NextGen Growth 2030’ strategy to accelerate growth in the attractive Latin America region,” Holcim CEO Miljan Gutovic is quoted as saying. “This is an opportunity to continue the exceptional legacy of Cementos Pacasmayo, based on a strong performance culture, a deep commitment to its employees and a highly recognised brand in Peru. The company is highly cash-generative and has a complementary portfolio of building materials and construction solutions. I look forward to welcoming Pacasmayo’s 2,000 employees to Holcim and continuing to grow together.”

    The approximately 300 points of sale of Cementos Pacasmayo will complement Holcim’s presence in Latin America. Holcim had already entered the Peruvian building materials market last year with the acquisitions of Comacsa, Mixercon and Compañía Minera Luren.

    The transaction, which is expected to close in the first half of 2026, is in line with Holcim’s growth-oriented capital allocation and is subject to customary regulatory approvals.

  • Strategic takeover strengthens mortar business in Northern Europe

    Strategic takeover strengthens mortar business in Northern Europe


    Sika is acquiring Finja Betong, a manufacturer of dry mortars, floor levelling compounds and façade systems based in Finja, Sweden. Together with the recently completed acquisition of the Danish mortar manufacturer Marlon, Sika thus achieves comprehensive coverage of the mortar segment in the Northern European countries, according to a press release.

    This will open up new cross-selling potential for Sika in the future, as the product portfolios and customer bases of the two companies complement each other. As Finja has recently invested in increasing the efficiency and capacity of production at its two sites, Sika will benefit from this expansion and aims to offer its Northern European customers a broader range of locally manufactured solutions. Finja’s expertise in low CO2 mortars, cold climate solutions and state-of-the-art digital product selection tools will strengthen the combined offering and provide Sika with a solid base for expansion across different market segments.

    “The acquisition of Finja provides us with excellent opportunities to strengthen our presence in the Northern European construction markets,” said Christoph Ganz, Regional Manager EMEA at Sika. “With our global expertise and strong organisation, we can leverage Finja’s extensive product range, broad distribution network and innovative digital tools to unlock significant cross-selling potential and generate customer benefits. We look forward to warmly welcoming the Finja team to the Sika family and developing our business together in the future.”

    The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026.

    Sika is a speciality chemicals company focused on systems and products for bonding, sealing, damping, reinforcing and protecting in construction and industry. Sika has a global presence with over 400 factories in 102 countries and employs more than 34,000 people.

  • Merger strengthens care and living in old age

    Merger strengthens care and living in old age

    The Dübendorf-based Tertianum Group has acquired the Senevita Group, which previously belonged to the French care group Emeis from Puteaux. According to a press release, the transaction has already been approved by the Competition Commission(COMCO). The parties have agreed not to disclose the takeover price.

    The merger of the two care groups is intended to improve the entire area of nursing and residential care for the elderly in German-speaking Switzerland. Both companies combine high quality standards, regional roots and a clear commitment to social responsibility in the care sector, according to the press release.

    “I would like to warmly welcome the employees of the Senevita Group to our joint company. They complement the Tertianum Group perfectly – with their expertise, commitment and professionalism. We are proud to be working with them under one roof in the future to become even better together,” Luca Stäger, CEO of Tertianum Group, is quoted as saying in the press release. “The merger also complements our geographical presence, enables numerous synergies in operational excellence through mutual learning and creates new perspectives for all employees.”

    The now joint company will provide needs-based care for 10,000 guests. The Tertianum Group now has a total of 6,400 care beds and 4,300 age-appropriate apartments at 140 locations throughout Switzerland. In order to secure the next generation of nursing staff, 800 apprentices are being trained.

  • Zug promotes sustainability and innovation

    Zug promotes sustainability and innovation

    On November 30, 2025, the Zug electorate clearly approved the Site Development Act. The cantonal government has now passed the implementation ordinance, meaning that the law and ordinance will come into force on January 1, 2026. The canton is investing the expected annual net additional revenue of around CHF 200 million from the OECD minimum tax in three areas. In social measures such as childcare, education and housing, infrastructure and innovative projects, such as blockchain and ETH collaborations or energy projects, as well as targeted subsidies to companies for sustainability and innovation.

    Impact-oriented sustainability promotion
    The central element of SEVO is impact-oriented promotion of climate protection in companies. Support is provided for projects that substantially reduce greenhouse gas emissions in the supply chain. The prerequisite is a saving of at least 50,000 tons of CO₂ equivalents; 30 francs are paid per ton saved. In this way, the canton rewards measurable, verifiable emission reductions instead of purely declarative climate promises and provides a clear incentive for large decarbonization projects.

    Stimulus for research and development
    In addition to sustainability, the program specifically addresses the innovative strength of Zug’s economy. The expenditure-based innovation promotion supports research and development activities with a contribution rate of 25% on qualifying personnel expenses, supplemented by a flat-rate infrastructure supplement of 35%. Funding is also provided for clinical studies conducted in Switzerland. In this way, the canton of Zug is strengthening both technology-oriented companies and research-intensive sectors such as pharma, medtech and deeptech.

    Flexible system in the shadow of the minimum tax
    The ordinance is deliberately designed to be flexible in order to be able to react to a dynamic international tax environment. The background to this is the OECD minimum tax, which affects around 400 companies in the canton. The new support system is intended to compensate for impending locational disadvantages and ensure Zug’s attractiveness as an international business location. Companies can submit applications for the first time from March 1, 2026, based on the figures for the 2024 financial year. The Directorate of Finance is responsible for implementation. The aim is an unbureaucratic, efficient system that rewards clearly measurable achievements in sustainability and innovation and positions Zug in global competition in the long term.

  • Swiss economy between a damper and confidence

    Swiss economy between a damper and confidence

    After two consecutive declines, the KOF Business Situation Indicator is below the level of the summer, but still above the lows of August and September. Economic momentum remains moderate, a weak but stable foundation. The business situation has deteriorated further, particularly in the manufacturing sector. Production and purchasing policies are stagnating and price increases are being planned less frequently. Despite this, expectations for exports and order books are increasingly optimistic. Many companies anticipate a slight improvement in the first half of 2026.

    Inconsistent sector trends
    The situation is developing differently across all sectors. Project planning offices, financial and insurance service providers and other services are reporting flatter business development, while the construction and retail sectors are seeing a slight recovery.

    These contrasts are also evident in expectations. Confidence prevails in the construction industry and among financial and insurance service providers, while retailers and planning offices are somewhat more cautious. The retail trade recorded the second consecutive decline in its expectations indicator. This is a sign that consumer trends are only hesitantly consolidating.

    The gloom remains
    From a regional perspective, the current business situation is falling in all parts of the country. Central Switzerland, Espace Mittelland, Eastern Switzerland, Zurich and Northwestern Switzerland are particularly affected. The decline remains more moderate in Ticino and the Lake Geneva region. The indicator shows that economic pressure is being felt throughout the country, despite stable exports and services.

    Economic clock shows cautious recovery
    The KOF illustrates the tension between the present and the future. The situation remains below average, while the prospects are above average. With a tentative recovery in 2025, the Swiss economy has not yet moved into a genuine upswing. Nevertheless, the increasing brightening of expectations is a harbinger that 2026 could bring better momentum. Supported by robust service sectors, stable export expectations and a gentle recovery in construction.

    At the turn of the year, the Swiss economy continues to be characterized by stability with slight headwinds. While the present is characterized by a slower pace, many companies are looking ahead optimistically in the hope that 2026 will be the year of a genuine economic recovery.

    KOF Business Situation Indicator (source: kof.ethz.ch)
  • Strategic acquisition focuses on specialized commercial areas

    Strategic acquisition focuses on specialized commercial areas

    Swiss Life Asset Managers aims to strengthen its position in the life sciences sector with the acquisition of Schlieremer Gewerbe- und Handelszentrum AG(GHZ), as detailed in a press release. GHZ has developed the Wagi site that belongs to it. A total of around 250 companies and organizations from the life sciences sector are now based there on a rental area of 143,000 square meters, providing more than 2,400 jobs. The Bio-Technopark Schlieren is also located on the site.

    The GHZ site will be retained, the employees will be kept on and GHZ Managing Director Walter Krummenacher will continue to act as a contact person for the tenants and develop the site with his employees. “We are very happy to have found a reliable partner in Swiss Life Asset Managers that shares our values and our long-term commitment to real estate and life science as a contribution to society. In this way, the vision of our founder Leo Krummenacher will be carried into the future”, Walter Krummenacher is quoted as saying in the press release.

    With the acquisition of the “dynamic and fast-growing center with long-term value creation potential”, Swiss Life Asset Managers wants to underline its focus on investments in the Living, Logistics, Light Industrial and Life Science and Tech (“4L”) sectors. “We are delighted to continue the impressive development of the site with the experienced team at GHZ. Swiss Life Asset Managers is convinced of the attractiveness and future strength of life science real estate, as it is of great importance for our economy as well as for our society,” says Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers.

  • Fresh capital for data-based planning in the construction industry

    Fresh capital for data-based planning in the construction industry

    The Zurich-based start-up vyzn has successfully completed its seed financing round. According to a press release, this was led by the venture capital companies Spicehaus Partners from Zug and Kiilto Ventures, part of the Kiilto chemicals group based in Finland. Other strategic investors from the construction and real estate sectors were also involved. The amount of the newly raised capital is not disclosed. The capital is now intended to pave the way for expanding the portfolio and driving growth.

    The spin-off from the Swiss Federal Institute of Technology in Zurich(ETH) is led by the founding team, which includes CEO Adrian Henke, CTO Romana Rust, COO Martino Tschudi and CCO Michael Sinniger. The aim is to transform the planning of new construction and renovation projects with the help of data-based analyses. And soon, it is said, the vyzn software will cover more than just life cycle assessment and energy efficiency and enable early, precise and cost-effective planning iterations. The integration of data on recyclability, cost estimation and thermal comfort has also been announced. The basis for this is a recent technological breakthrough: vyzn can now automatically convert architectural models into fully simulatable 3D models.

    Growing demand from European markets is emphasized. Expansion into Germany is imminent; the vyzn software is set to be used by the first customers there as early as the beginning of 2026. The start-up is also looking to expand its team with a view to further expansion. Customers already include over 50 companies such as Zurich Airport, Implenia, Halter, Pensimo and Amstein-Walthert.

    “With vyzn, we are breaking down the data silos in planning,” says vyzn CEO Adrian Henke. “Our customers use our platform to resolve the contradiction between economical and sustainable construction.”

  • Sustainable office property strengthens real estate portfolio

    Sustainable office property strengthens real estate portfolio

    Swiss Prime Site has acquired a new office property on Pfingstweidstrasse in Zurich-West, as detailed in a press release. The property, which has a rental area of 19,000 square meters and a net yield of 3.8 percent, is already fully let to the stock exchange operator SIX Group Services AG.

    The acquisition marks the last major investment of the CHF 300 million capital increase for growth investments from last February. In April and August, Swiss Prime Site had already used the funds to acquire office properties in Geneva and Lausanne. All new acquisitions generate yields that are significantly higher than the portfolio yield and increase the net asset value (NAV) per share as well as the funds from operations (FFO) per share.

    Swiss Prime Site and the private seller have agreed not to disclose the purchase price of the property. Due to the recent year of construction, the sustainable construction method and the office building’s district heating connection, Swiss Prime Site expects a BREEAM sustainability rating of “very good”.

    “The transaction underscores our focus on first-class, centrally located office properties and shows how agile we are in deploying fresh capital for sustainable growth. It is particularly pleasing that we were able to acquire this prestigious property – used by the Swiss stock exchange as our country’s central infrastructure – as part of an exclusive purchase review and thanks to the trusting cooperation with the seller”, René Zahnd, CEO of Swiss Prime Site, is quoted in the press release.

    With the three acquisitions made and a reduction in the planned property sales as part of capital recycling, Swiss Prime Site expects an increase in rental income of CHF 20 million from 2026. The transaction was completed on December 1, 2025.

  • A new giant reorganizes the insurance market

    A new giant reorganizes the insurance market

    Since December 5, 2025, it has been clear that Helvetia and Baloise will only operate together as Helvetia Baloise Holding Ltd, listed on the SIX and with the abbreviation HBAN. Baloise has been legally merged into Helvetia, but the new brand is deliberately presented as a joint project with two strong roots. The last day of trading in Baloise shares marked a historic cut. Just three days later, the new Helvetia Baloise shares were traded for the first time.

    The merger will create an insurer that will change the industry through its sheer size. With over 22,000 employees, a gross premium volume of around CHF 20 billion and more than two million customers in Switzerland alone, Helvetia Baloise is the largest all-lines insurer in the country. A market share of around 20 percent is a clear statement: this group wants to play an active role in shaping the rules of the game in the Swiss insurance market.

    Power, markets and billions
    There is a clear rationale behind the merger: bundling synergies, reducing duplication and increasing clout. Helvetia Baloise is announcing annual cost synergies of around CHF 350 million, in addition to existing efficiency programs. For the capital markets, the message is as clear as it is attractive. Dividend capacity is set to increase by around 20 percent by 2029.

    For the market, this means a new pole of stability and competition. Such a large player can invest in technology, digitalization and new products in a way that smaller providers find more difficult. At the same time, there is growing pressure on other insurers to follow suit, forge alliances or occupy niches. The merger is therefore more than just a corporate deal. It is a signal of an imminent reorganization in the Swiss insurance market.

    Between new beginnings and job cuts
    The flip side of the synergies is the announced job cuts. Over the next three years, 2,000 to 2,600 jobs are to be cut, primarily in areas where duplicate structures currently exist, in administration, IT and the back office. The Group is emphasizing that the reduction will be as socially responsible as possible, with natural fluctuation, early retirement and internal transfers. For many employees, the merger means uncertainty, reorientation or parting.

    At the same time, Helvetia Baloise is making a clear commitment to Basel as a location. The Group remains anchored in the city on the Rhine and is positioning itself as an important employer and economic anchor in the region. Which locations will be strengthened, merged or scaled back will be communicated step by step, a long integration process that will be felt for years to come.

    What will change for customers
    Many things will remain stable for customers for the time being. Existing insurance contracts will continue to run under the agreed conditions, and the merger does not give rise to an extraordinary right of termination. In legal terms, rights and obligations will automatically be transferred to Helvetia Baloise. Initially, this should hardly be noticeable in everyday life.

    In the medium term, however, the picture is likely to change. Product ranges will be harmonized, duplicate offers will be eliminated and the more attractive or more efficient offer will be continued. The aim is to create leaner, more comprehensible product lines and a broader, standardized offering from a single source. From household contents to motor vehicle and buildings insurance. The Group intends to outline exactly what this new modular product system will look like as part of further integration communication and at an investor day in April 2026.

    A new beginning withan open outcome
    The merger of Helvetia and Baloise is more than just a balance sheet transaction, it is a new beginning with an open outcome. For Switzerland as an insurance center, the new giant brings strength, speed and investment power. For employees, it means both opportunities in a larger organization and the risk of losing their jobs. And for customers, it promises a more focused, modern offering in the long term if the Group succeeds in translating its size into tangible added value.

  • How the old real estate market is slowing down the new China

    How the old real estate market is slowing down the new China

    For years, the real estate sector was China’s most important growth engine. Build, sell, keep building. This was the simple formula that at times accounted for up to a third of economic output. With stricter requirements to limit debt, the leadership put the brakes on this model, triggering a creeping but persistent crisis.

    Evergrande was the visible turning point in 2021. The former industry star missed interest payments, became a global warning figure and suddenly made it clear how vulnerable the growth model was. Since then, developers such as Country Garden and now Vanke, which had long been considered stable, have come under pressure. A signal that the real estate sector has not yet bottomed out.

    Deflation, wealth shock and insecure households
    The real estate crisis is eating deep into the real economy. Residential real estate is the central store of wealth for Chinese households. When prices fall in series, the sense of security erodes. Those who see their own apartment as a retirement provision become reluctant to consume, invest and make major life decisions.

    Domestic consumption is correspondingly weak. Retail trade is growing at a rate well below previous levels and the economy is struggling with persistent deflationary pressure. Falling or stagnating prices may seem attractive in the short term, but they increase the debt burden in real terms and prolong the clean-up process in the real estate and financial system.

    Provinces in the debt shadow
    The situation of local governments is particularly delicate. Provinces and cities have accumulated a gigantic mountain of debt through land sales to developers and off-balance sheet financing companies. Land sales were the most important source of income, but were never enough to sustain the credit-financed construction boom and infrastructure programs. Now that sales are collapsing, the hidden debts are coming to light.

    Many regions are being forced into a silent diet. Investments are being postponed, spending cut, new infrastructure delayed. This has direct consequences for growth, employment and local businesses. The crisis is therefore less a loud crash than a slow pressure that weakens the system for years and restricts the scope for action.

    Old real estate-driven economy meets new tech power
    At the same time, China is presenting itself as a high-tech superpower. Electric car manufacturers, AI companies and internet companies that are reinventing themselves represent the “new China”. Politicians are focusing on a long-term technology strategy with a focus on electromobility, semiconductors, AI, renewable energies and robotics.

    However, this new economy is built on a foundation of the old, real estate-driven economic structure. Without stable domestic demand, reliable credit channels and household confidence, the tech sector will not be able to fully develop its dynamism. The path to success therefore does not lead past an orderly dismantling of the real estate sector, but through it.

    Growth targets as a boomerang
    Beijing is sticking to its ambitious growth targets. The target of “around 5%” is achievable because the state and state-owned companies are taking countermeasures in many areas. For conscious cadres on the ground, the signal remains clear: the numbers have to add up, if necessary with additional projects that have little economic impact.

    The result is new infrastructure and construction projects that support GDP in the short term but do not solve the structural problems. On the contrary, they prolong the debt cycle. This creates a tension between the official growth story and the real need for deleveraging in the real estate and local debt complex.

    What is at stake until 2026
    The coming years will determine whether China manages the transition from a debt-driven, real estate-heavy model to an innovation-based growth path. If a controlled contraction of the real estate sector can be achieved while at the same time strengthening consumption, productivity and future-oriented industries, the country can remain robust despite dents. If this balancing act fails, a scenario of sustained low growth with recurring bouts of deflation and growing mistrust among investors looms.

    The real estate crisis is not a marginal issue, but the central test of China’s ability to correct its economic course. The decisive factor will be whether the political leadership and administration find the courage to put short-term growth targets into perspective in favor of a more sustainable, less property-driven model and thus not allow the new China to be crushed by the old.

  • Real estate market 2026 stable tailwind from low interest rates, AI boom and scarce space

    Real estate market 2026 stable tailwind from low interest rates, AI boom and scarce space

    According to estimates, the Swiss National Bank is leaving the key interest rate at 0% for 2026 and signaling that the hurdles for a return to negative interest rates remain high. The conditional inflation forecasts of around 0.3% for 2026 and 0.6% for 2027 are clearly within the range of price stability and support a moderate growth scenario. For the real estate market, this means that short-term financing, particularly SARON mortgages, will remain attractive, while long-term fixed-rate mortgages will only benefit hesitantly from monetary easing.

    Real estate as an investment
    Wüest Partner has observed that investment properties with rental apartments will become significantly more expensive again in 2025, reflecting a high willingness to pay and strong confidence in the asset class. At the same time, prices for multi-family homes have reached a very high level, while earnings prospects and regulatory risks are dampening the imagination. A flattening of price momentum is therefore expected for 2026, both for residential yield properties and commercial properties. With clear differentiation according to location, property quality and ESG profile. Indirect investments such as public limited companies and funds continue to benefit from the low interest rate environment, but already carry high expectations in the form of above-average premiums.

    Boost in renovation, moderate new construction
    The combination of low interest rates and slowing construction price momentum is stabilizing the willingness to invest in construction. Nominal growth in construction investment of around 3.4% in new construction and 8.5% in renovation is expected in 2026, with the renovation sector receiving an additional boost from pull-forward effects related to the planned abolition of the imputed rental value. Many owners are likely to prefer energy-efficient renovations and refurbishments as long as maintenance costs are still fully tax-deductible. In the medium term, new construction activity could slow down again somewhat, as the number of new apartments in planning applications has recently declined.

    Rental and property market
    Following the sharp rise in rents in 2023 and 2024, the growth in asking rents has slowed considerably. Moderate growth in the national average is expected for 2026. At the same time, the reduction in the mortgage reference interest rate will provide relief for existing rents. This could lead to a slight decline in average rents for existing properties. Demand for residential property remains intact despite higher price levels. For 2026, price increases of around 3% are expected for single-family homes and slightly less for condominiums, albeit at a slower pace than in previous years.

    Investment outlook for 2026
    Zürcher Kantonalbank expects moderate global economic growth in 2026, driven by falling inflationary pressure and improved financing conditions. Advances in artificial intelligence are driving investment and providing an additional tailwind for US equities in particular, while uncertainty on the financial markets remains high. In this environment, broad diversification across asset classes and currencies is recommended, with selected areas of focus. Corporate bonds, Swiss real estate and small caps are considered attractive, supplemented by global corporate bonds and gold as stabilizing additions. Direct and indirect real estate investments therefore remain an important building block for long-term investors. Embedded in a portfolio that benefits equally from AI-driven growth and the persistently low interest rate environment.

  • Strategisches Wachstumsprogramm setzt auf Digitalisierung und Effizienz

    Strategisches Wachstumsprogramm setzt auf Digitalisierung und Effizienz

    Sika hat ein strategisches Wachstumsprogramm vorgestellt. Das weltweit operierende Unternehmen für Spezialchemie mit Sitz in Baar will mit dem Fast-Forward-Programm sowohl Investitionen als auch an anderer Stelle Einsparungen im dreistelligen Millionenbereich vornehmen, heisst es in einer Mitteilung.

    So will Sika im Bereich digitaler Transformation 120 bis 150 Millionen Franken investieren. Für effiziente Strukturanpassungen in China und anderen Märkten wird für das laufende Jahr mit einem Umfang von 80 bis 100 Millionen Franken gerechnet. Parallel zu den Investitionen will das Unternehmen in verschiedenen Bereichen jährlich 150 bis 200 Millionen Franken einsparen, mit „voller Wirkung ab 2028″. Zudem bestätigt Sika seine Strategie 2028 und damit ein angestrebtes Umsatzwachstum zwischen 3 und 6 Prozent.

    „Sika lanciert das Fast Forward-Programm aus einer Position der Stärke. Wir verzeichnen die höchste Gewinnmarge unserer Unternehmensgeschichte und machen Sika mit Fast Forward fit für die Zukunft“, wird Thomas Hasler, CEO von Sika, in der Mitteilung zitiert. „Wir investieren gezielt in Digitalisierung und Effizienz, um weltweit noch näher an unseren Kunden zu sein. Unser Ziel ist es, digitaler Spitzenreiter in unseren Märkten zu werden – als Grundlage für weiteres Wachstum und zur langfristigen Stärkung unserer hohen Profitabilität.“

  • Swiss office market under pressure

    Swiss office market under pressure

    The available office space in Switzerland remains at 2.12 million square meters. A stable figure on the surface. However, this conceals a worrying trend. At 425,000 square meters, the average quarterly take-up in 2025 is significantly below the previous year (2024: 540,000 m²). This corresponds to a decline of around 21 percent. Companies are hesitating, making slower decisions or withdrawing from letting processes.

    No employment – costs are rising
    The reason for this lies in the weak labor market dynamics. Employment growth in typical office sectors has shrunk from an already meagre 0.3% in 2024 to 0.1% in the third quarter of 2025. The situation in industry is particularly dramatic. Here, job losses intensified from minus 0.2 percent (2024) to minus 1.1 percent (2025). High American import duties and a strong Swiss franc are an additional burden on Swiss companies. The planned tariff reduction could provide relief, but has yet to prove its worth.

    Maintaining centers, periphery under pressure
    The spatial polarization on the office market is intensifying. Availability remains low in the five largest Swiss centers, with the exception of Basel. In the city centers, the rates average 3.7 percent, in the surrounding urban areas 3.6 percent. The suburbs, on the other hand, are struggling with a vacancy rate of 9 percent. This shows an east-west divide. The suburbs of western Switzerland have seen significantly more new construction activity than German-speaking Switzerland.

    Risks for 2026
    If take-up remains at this low level, the vacancy rate threatens to rise in the coming year. Today’s stability could quickly become tomorrow’s brakes if employment growth and entrepreneurial willingness to invest do not return.

  • Positive market trend strengthens portfolio development

    Positive market trend strengthens portfolio development

    The listed real estate fund Swiss Life REF (CH) ESG Swiss Properties recorded a significant increase in total income of CHF 121.5 million for the 2024/2025 financial year, compared to CHF 57.6 million in 2023/2024, according to a statement from Swiss Life. The return on investment was 5.1 per cent.

    The reason for the positive performance is the 2.4 per cent net change in the market value of its properties. As at 30 September 2025, the fund held a total of 194 portfolio properties with a market value of CHF 3,233 million. The fund only recorded a decline in net income, which is mainly due to higher income taxes.

    The net asset value (NAV) per unit increased to CHF 116.65, which corresponds to an increase of 2.6 per cent compared to the previous year. The total distribution for 2024/2025, which will take place on 28 November 2025, amounts to CHF 2.70 per unit (CHF 58.3 million in total), with realised income of CHF 2.71 per unit (CHF 58.5 million in total). In relation to the market price, the distribution yield is therefore 2.03 per cent; in relation to the NAV, it is 2.31 per cent.

    The fund’s portfolio grew by one residential property in 2024/2025, while eight smaller properties were sold. These transactions led to a net capital gain totalling CHF 6.1 million and, thanks in part to the positive changes in the market value of the properties, to a reduction in the leverage ratio to 20.6 per cent (2024: 22.1 per cent). The total return in the reporting period was 14.8 per cent.

  • Digital energy hub strengthens solar industry

    Digital energy hub strengthens solar industry

    The Swiss Federal Technology Fund has granted Solarify a guarantee. Together with the commitment of the Abendrot Foundation, the developer and operator of swarm-financed solar systems based in Wabern will be able to further develop its Digital Energy Hub, according to a press release.

    The Solarify Digital Energy Hub is used for the intelligent management and optimisation of solar systems in a flexible energy system. It aims to integrate the systems into a sustainable and stable energy system.

    Solarify’s business model enables interested parties to invest in solar energy without having to build and own solar systems themselves. A system is realised as soon as enough investors have been found for the project. Solarify takes care of the maintenance of the systems and markets the electricity produced. Every three months, the participants receive a share of the profits from the sale of electricity.

  • Zurich readjusts housing and transport policy

    Zurich readjusts housing and transport policy

    The counter-proposal to the “More affordable housing” initiative is adopted with around 51% of votes in favor. The credit for cantonal housing subsidies increases from CHF 180 million to CHF 360 million. This will provide cooperatives and non-profit developers with additional funds to realize projects in the affordable segment without directly interfering with ownership contracts

    The actual pre-emption initiative was clearly defeated with almost 60 percent of votes against, although the housing shortage is widely recognized. Voters thus accepted the diagnosis of a tight market, but rejected the instrument of a systematic right of first refusal for the municipalities as too much of an encroachment on freedom of ownership and contract

    Canton takes over the speed sceptre
    The mobility initiative is accepted with just under 57% in favor and establishes 50 km/h as the rule on main traffic routes, while 30 km/h remains possible on short stretches and in justified exceptional cases. In future, it will no longer be Zurich and Winterthur but the canton that decides on speed limits on main roads. A change of power that sets tight limits on urban traffic policies

    As a result, voters will strengthen cantonal control of motorized traffic and weaken municipal attempts to implement noise and safety goals more broadly by means of 30 km/h speed limits. For planners and investors, this means more regulatory clarity at the network level, but less scope for neighborhood-related traffic and urban development policy experiments

    Digital rights and premium reduction fail
    The initiative “For a fundamental right to digital integrity” received little support with around 25% of votes in favor. The more moderate counter-proposal was also rejected with a good 55% voting against. Neither an explicit right to a “mobile phone-free life” nor additional constitutional guarantees against surveillance and data analysis were convincing. The canton is therefore not given a constitutionally enhanced mandate in the digital space

    The increase in cantonal premium reductions was also rejected, although around CHF 1.3 billion already flows into this pot today. The No to an additional CHF 50 million per year signals fiscal restraint and leaves low-income households caught between rising healthcare costs and stagnating transfer payments

    Signals for the housing market and planning
    For housing construction in the canton of Zurich, the package means more subsidies, but no new coercive instruments under planning law such as a general right of first refusal. Municipalities and cooperatives must therefore focus their strategies more on cooperation, mobilizing building land and accelerating approval procedures rather than on direct market intervention

    Overall, the vote shows an urban-rural tension. The housing shortage is recognized, but financial incentives and cantonal control are preferred to far-reaching interventions in property rights or everyday mobility. For the real estate industry, planning and politics, this opens up a field in which the implementation of increased housing subsidies becomes a decisive lever.

  • Real estate prices remain high

    Real estate prices remain high

    Real estate prices will remain on an upward trend in 2026. Forecasts by Zürcher Kantonalbank(ZKB) predict a price increase of 4.5 percent. The abolition of the imputed rental value will have no impact on this, nor will the baby boomers change the situation, according to a press release on the latest Immobilien aktuell study.

    On the housing market as a whole, the pressure on owners, tenants and tradespeople is growing as a result of the housing shortage and immigration. Switzerland is dependent on immigration, but the influx is “exacerbating the demand for housing in already tight markets”. One in four newcomers move to the five largest cities – one in ten to Zurich.

    The ZKB experts expect the situation to remain tight as a result of a drop in demand for rental apartments. Vacancy rates are at a record low and are having a particular impact on the relocation behavior of young adults. In 2023, 15 percent fewer people between the ages of 21 and 25 will have moved than in 2020. “Many will stay in Hotel Mama because there is no suitable living space available,” they say.

    Demographic change will not have a price-reducing effect. “Baby boomers are expected to increase the supply of single-family homes by around 14% and condominiums by 10% by 2035,” it says. “Demographic change will change the market, but will not trigger a price slump,” Ursina Kubli, Head of Real Estate Research at ZKB, is quoted as saying. Prices for second homes rose by 40 percent in 2019 and 2024, but will remain at a high level after a slight decline in 2025.

    ZKB’s forecasts are based on studies of the abolition of the imputed rental value, the supply restriction for rental apartments, a possible wave of sales by the baby boomer generation, market influences due to immigration and the changed vacation apartment market.

  • Geneva’s housing policy under pressure

    Geneva’s housing policy under pressure

    Since 1983, the law on the demolition, conversion and renovation of residential buildings in Geneva has rigorously controlled the housing market. The aim is to protect tenants, safeguard quality of life and curb speculation. Rents after conversions and renovations are capped by decree, and projects requiring approval are strictly regulated

    The study by Ters (FHNW) and Kholodilin (DIW Berlin) is the first to dynamically analyze the effects of these interventions. The results show that housing rationing and rent controls significantly slow down new construction. Private and institutional investors are increasingly shifting capital into renovations. In the short term, expenditure on modernization is rising, while there is no real increase in living space. At the same time, vacancy rates are continuing to fall, occupancy rates are rising and the market is becoming even tighter. Entry costs are rising, especially for new tenants, while existing tenants benefit from stable, often low rents and long rental periods

    New dynamics in the portfolio
    Institutional investors are particularly hard hit. Project delays, falling residual values and complex approval procedures make new construction unattractive. The study shows that a regulatory shock reduces the volume of new investments by up to CHF 600 million. This corresponds to around 1% of Geneva’s total GDP. For the city’s housing stock, this primarily means that investments will primarily be made in short-term, compliance-driven upgrades instead of in-depth renovations or new units

    Rent control works primarily through the price channel. It protects existing tenants from increases, but depresses returns for owners and puts a damper on new projects. Renovations become more attractive than new builds, which promotes modernization but hardly creates any new apartments

    Lock-in effect and inequality of opportunity
    An unexpected side effect of regulation is the so-called lock-in effect. Tenants stay in their homes for much longer for cost reasons, which restricts mobility and increases the maldistribution of housing. At the same time, rent differentials in the market are increasing. Newcomers pay high market rents, while long-term tenants benefit. The quality and condition of apartments often remain at a low level, as extensive renovations are difficult to carry out economically

    Balance sought between protection and supply
    The study shows that Geneva’s regulations protect tenants from price rises, but place a burden on new construction and thus exacerbate the housing shortage in the medium term. Investors are turning to the preservation of existing properties and selective modernization, while growth stimuli from new construction are failing to materialize. For politicians, this means that a sustainable balance between protection and market renewal is essential. New densification permits and differentiated rent regulation could provide a remedy.

  • Zurich reintroduces hardship clause for imputed rental value

    Zurich reintroduces hardship clause for imputed rental value

    The cantonal council approved the reintroduction of the hardship clause at second reading by 136 votes to 29. The aim is to prevent situations in which homeowners have to sell their home due to rising imputed rental values and tax burdens. This was triggered by a Federal Supreme Court ruling that overturned the previous legal basis.

    Finance Director Ernst Stocker subsequently deleted the old clause, but applied for a new transitional regulation until the imputed rental value is completely abolished. Following the referendum in September to abolish the imputed rental value, the regulation will only be in place for a few more years.

    Political controversy
    While there was broad support, the Greens, AL and EVP rejected the model. They criticized the fact that tax relief does not have to be repaid in the event of inheritance and saw this as unequal treatment compared to tenants. However, the corresponding repayment proposal was clearly defeated.

    The government council still has to decide on Stocker’s transitional regulation. Both measures, the hardship clause and the transitional regulation, only apply until the anticipated abolition of the imputed rental value in 2027 or 2028. Zurich is thus sending a clear signal for a socially responsible property policy during the transitional phase of the tax reform.

  • From a retreat to a strategic residence

    From a retreat to a strategic residence

    The mixture of Mediterranean joie de vivre and Swiss order is unique. Sunny days, Italian cuisine, lakes and mountains offer a quality of life that goes far beyond lifestyle. Families, those seeking peace and quiet and retirees are discovering a second home in Ticino, with a stable infrastructure and safe environment.

    Digitalisation is changing housing decisions
    The wave of working from home since the pandemic has revolutionised the choice of location. People who no longer have to commute every day are increasingly opting for quality of life. Ticino, with its good digital connections and attractive properties, is the clear winner.

    Property prices in comparison
    While living space is hardly affordable in Zurich, Zug or Geneva, Ticino offers more space at more favourable conditions. Particularly outside of Lugano or Locarno, dream homes can be realised that remain out of reach in other regions.

    Expats discover the south
    More and more international professionals, entrepreneurs and wealthy families are looking southwards. Zurich remains a financial centre, Geneva a hub of diplomacy, but Ticino impresses with efficiency, accessibility and a strong balance of cost, quality and lifestyle. Lugano is also developing into a hotspot for private banking, fintech and crypto initiatives.

    Tax clarity and human access
    A decisive advantage lies in cantonal practice. Lump-sum taxation in Ticino is not only attractive, but is also handled transparently and efficiently. The dialogue with the authorities is personal and solution-oriented. A decisive difference to the often more complex procedures in Zurich or Geneva.

    Integration through openness
    Italian cordiality meets Swiss structure, a combination that facilitates integration. Language skills remain important, but the open culture and short decision-making channels create closeness. For many expats and returnees, Ticino is not just their place of residence, but their home.

    Opportunities and challenges
    The boom also brings challenges, such as increasing demand for housing, schools and infrastructure. Municipalities are faced with the challenge of managing growth sustainably without losing their identity. But it is precisely the interplay of tradition, innovation and quality of life that makes Ticino a model of a region that wants to shape the future.

  • New shares to finance construction projects and acquisitions

    New shares to finance construction projects and acquisitions

    Zurich Invest Ltd is increasing the resources for the ZIF Real Estate Direct Switzerland fund. The fund management company, which belongs to Zurich Insurance Company Ltd, announced in a press release that around 100 million Swiss francs will be raised between 10 and 21 November. It intends to use the funds to finance ongoing construction projects and for selective acquisitions.

    Shareholders have the right to acquire one new share for every ten existing shares. A maximum of 960,411 new shares are to be issued at an issue price of 112.16 Swiss francs. The new units are scheduled to be paid out on 28 November 2025.

    The ZIF Real Estate Direct Switzerland fund currently comprises 60 properties with a total market value of CHF 1.5 billion. Residential properties, mainly in the Zurich and Lake Geneva regions, account for 86 per cent. Launched at the end of 2018, the fund was listed on the SIX Swiss Exchange in 2023.

  • Service business supports sales growth in a challenging market environment

    Service business supports sales growth in a challenging market environment

    The Schindler Group generated global sales totalling 8.16 billion Swiss francs in the first nine months of 2025, the Ebikon-based group of companies specialising in lifts, escalators and passenger conveyor belts announced in a press release. Year-on-year, this corresponds to growth of 0.8 per cent in local currencies. In the same period, order intake increased by 3.8 per cent in local currencies to 8.52 billion Swiss francs.

    Both Schindler’s order intake and sales were supported by the Group’s modernisation and service business in the reporting period. By contrast, demand and sales in the new installations business were weaker than in the previous year. “We have driven growth and strengthened our competitiveness with standardised modernisation solutions”, Schindler CEO Paolo Compagna is quoted as saying in the press release.

    At CHF 1.02 billion, operating profit at EBIT level was CHF 77 million higher than the previous year’s figure. Net profit totalled 796 million Swiss francs, compared to 748 million Swiss francs in the same period of the previous year. The EBIT margin increased by 1.2 percentage points to 12.5 per cent. Schindler is raising its EBIT margin target for the year as a whole by 0.5 percentage points to 12.5 per cent. The medium-term target for the margin remains at 13 per cent.

    In the same press release, Schindler also communicates its latest commitment to sustainability. “In line with our commitment to the decarbonisation of cities, we now offer a lift made of low-emission steel that supports our customers in achieving their emission reduction targets,” explains Compagna.

  • The future of the Ticino real estate market at the heart of immoTable Ticino

    The future of the Ticino real estate market at the heart of immoTable Ticino

    Under the moderation of Natascia Valenta, Michele Bertini (La Mobiliare), Nicolas Daldini (SVIT Ticino), Gian-Luca Lardi (Swiss Association of Building Contractors) and Sandro Montorfani (Private Construction Department, City of Lugano) spoke.

    The debate touched on key issues such as the replanning and densification of the territory, the simplification of procedures for building permits and the need to streamline legislation in order to speed up decision-making processes.

    It was also emphasized that investments in Ticino are positive today, thanks to the decrease in vacancies, which are mainly concentrated in obsolete properties.

    Future challenges also included the issue of PPPs (public-private partnerships) and shrinking funds for renovation in the context of an ageing population and the building stock in need of renewal. This is an issue that will be of crucial importance in the coming years.

    The strategic role of Italy as an economic partner and source of skilled labor was also mentioned, as well as the effects of the recent votes on the imputed rental value, which will have a significant impact on the finances of the canton and the municipalities.

    Despite the challenges, the Sonnenstube remains a dynamic and attractive region for real estate investment, ready to take advantage of the opportunities offered by a changing market.

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  • Canton of Lucerne plans measures for successful location promotion

    Canton of Lucerne plans measures for successful location promotion

    In response to global tax developments, the canton of Lucerne is planning a package of measures from 2026 to improve the framework conditions for companies and the quality of life of the population. According to a press release, the investment package comprises 250 million francs in the first year and 300 million francs annually from 2027 and is to be channelled into “a broad range of measures”.

    According to the press release, global developments could lead to massive losses in competitive advantage. Developments such as the OECD minimum taxation could lead to the canton losing its advantage in the form of low corporate profit taxes. This could lead to large international corporations no longer investing in Lucerne – at the expense of local jobs and tax revenue. There is talk of a loss of fiscal revenue totalling CHF 1100 million for the federal government, canton and municipalities.

    By promoting innovation, improving the tax burden, increasing digitalisation, developing economic areas, the availability of commercial and residential space and a customer-oriented administration, the aim is to create more attractive conditions for large global companies based here.

    The population should benefit from a lower tax burden, a better work-life balance, culture and digitalisation. The vote of the electorate is due to take place in September 2026.

  • High sustainability standards confirmed for property portfolios

    High sustainability standards confirmed for property portfolios

    Three Helvetia real estate investment vehicles have received excellent ratings in this year’s Global Real Estate Sustainability Benchmark(GRESB), the Helvetia Group announced in a press release. The listed real estate fund Helvetia (CH) Swiss Property Fund of Helvetia Asset Management AG and the real estate investment group Real Estate Romandie of the Helvetia Investment Foundation were each awarded a 5-star rating with 90 out of a possible 100 points. The Swiss Real Estate investment group of the Helvetia Investment Foundation qualified for the second-best 4-star rating with 89 points.

    All three investment vehicles were also once again awarded a Green Star at this year’s GRESB, Helvetia explains. “The outstanding GRESB 2025 results of the three real estate investment vehicles are confirmation of our sustainable investment strategy, in which real estate plays a central role,” André Keller, Group Chief Investment Officer at Helvetia, is quoted as saying in the press release. “Responsible investment in sustainable and value-orientated capital investments is a major strategic concern for us.”

    The Group has set itself the goal of achieving net-zero emissions in its investment portfolios by 2050. A total of CHF 3.4 billion is invested in the three property investment vehicles recognised by the GRESB.