immo!nvest – Die Plattform für Standorte und Immobilien

Tag: 2021

  • Andermatt Swiss Alps is growing at double-digit rates

    Andermatt Swiss Alps is growing at double-digit rates

    In the 2021 financial year, the Andermatt Swiss Alps Group generated sales totaling CHF 201.1 million, according to the company responsible for the development, realization and operation of the holiday destination . In a year-on-year comparison, this corresponds to growth of 30 percent. The operating result at the EBITDA level increased by around CHF 20 million to CHF 25.3 million in the same period. A loss of CHF 8.0 million was reported as a net result. The Andermatt Swiss Alps Group writes that the result from the previous year was improved by CHF 24.4 million.

    “It is very gratifying that we were able to massively increase our sales and profitability in 2021,” said Group CEO Raphael Krucker in the statement. On the one hand, real estate sales worth CHF 122 million, up 58 percent year-on-year, contributed to the positive developments. On the other hand, the two hotels in the group, The Chedi Andermatt and Radisson Blu Reussen, reported a positive operating result for the first time due to the increase in sales and occupancy as well as the reduction in costs.

    The SkiArena Andermatt-Sedrun, on the other hand, continued to suffer from the consequences of the pandemic in the winter season and from the bad weather in the summer, the statement explains further. Specifically, Andermatt-Sedrun Sport AG’s sales of CHF 21.6 million were around 10 percent lower than in the previous year.

  • Investis grows profitably

    Investis grows profitably

    Investis generated total sales of 216 million francs in the 2021 financial year, the Zurich-based real estate group, which specializes in apartments in the mid-price segment in the Lake Geneva region, announced in a press release. In a year-on-year comparison, this corresponds to growth of 21 percent.

    The operating result at EBITDA level before revaluations increased by 18 percent to CHF 54 million in the same period. Operating profit at EBIT level increased by 73 percent to CHF 235 million. This includes a gain from revaluation effects of CHF 184 million.

    At CHF 235 million, net profit was CHF 99 million higher than in 2020. The real estate portfolio was valued at CHF 1.735 billion at the end of 2021. At the end of 2020, 1.490 billion Swiss francs were reported.

    Stéphane Bonvin, CEO of Investis Group, said he was “very proud of everything that has been achieved since our IPO in 2016”. “All of the targets we set for the IPO were exceeded.” According to Bonvin, both the real estate business and the real estate services business contributed to the good developments.

    For the near future, Investis assumes that demand for apartments in the Lake Geneva region will increase and prices will rise as a result. Here the group intends to further optimize its real estate portfolio in the current year. Digitization is to be promoted in the Real Estate Services division.

  • Fundamenta Real Estate breaks the billion mark

    Fundamenta Real Estate breaks the billion mark

    According to a statement by Fundamenta Real Estate AG , the Zug real estate company’s portfolio exceeded the billion mark for the first time at the end of the 2021 financial year. Specifically, the value of the real estate portfolio increased from CHF 991.9 million to almost CHF 1.10 billion over the course of the year. Fundamenta Real Estate attributes the growth primarily to the completion and transfer of two new construction projects, the completion of three repositionings and the purchase of four existing properties. Revaluations resulted in an increase in value of CHF 15.3 million.

    The net actual rental income in 2021 was CHF 37.2 million, 11.2 percent above the previous year’s value. In the same period, net profit increased by 8.4 percent to CHF 28.9 million. The real estate company writes that a previous year’s success from the sale of three investment properties was more than compensated for “by an excellent operating result and a higher revaluation effect”. Excluding both effects, net income rose by 14.7 percent year-on-year to CHF 17.7 million. The vacancy rate was reduced from 3.5 “to a historically low 2.5 percent” in a year-on-year comparison.

    “Our residential focus has also proven itself in the second year of the pandemic,” Andreas Spahni, President and Delegate of the Board of Directors of Fundamenta Real Estate AG, is quoted in the statement. “The consistent alignment of the portfolio to market demand as well as the holistic and active asset management have again led to very good results.”

  • HIAG remains on course for growth

    HIAG remains on course for growth

    HIAG strengthened its own position in the Swiss real estate market in 2021 and significantly improved its financial figures, explains HIAG Immobilien Holding AG in a press release . According to her, all three business areas of the Basel real estate company have contributed to the continuation of the growth course. Real estate income increased by 5.7 percent year-on-year to CHF 63.1 million.

    The operating result at EBIT level increased from CHF 69.9 million to CHF 115.1 million. Net income rose from CHF 55.2 million to CHF 89.3 million. Without revaluations and deferred taxes, an EBIT of CHF 54.6 million and a net profit of CHF 37.0 million were realized.

    The value of HIAG’s real estate portfolio increased by 8.9 percent to CHF 1.78 billion as of the end of 2021. According to HIAG, the vacancy rate fell from 13.2 to 10.7 percent year-on-year “despite the sale of fully let properties”. In the announcement, the company highlights successful follow-on leases, some with higher rents.

    HIAG also expects business to develop well in the current year. The company can rely on a development pipeline of currently more than 60 projects with a total volume of 2.98 billion Swiss francs. HIAG is also particularly interested in the purchase of residential building land in the future in order to quickly realize condominium ownership. Non-strategic properties are to be divested for capital recovery.

  • Plazza remains on course for growth

    Plazza remains on course for growth

    Plazza AG had another successful financial year in 2021, writes the Zurich real estate company in a statement . Specifically, the company, which has been listed on the SIX since 2015, was able to increase its real estate income from CHF 24.6 million in 2020 to CHF 26.1 million in the year under review. At the same time, the operating result before depreciation and revaluations increased from CHF 20.0 million to CHF 20.6 million.

    In the year under review, “market-related factors” again led to “high revaluations”, Plazza explains further in the press release. They increased the real estate company’s profit from CHF 63.3 million to CHF 71.9 million year-on-year. Without revaluations, the profit increased from CHF 17.0 million to CHF 18.1 million.

    Plazza cites the high proportion of residential properties in its own portfolio as the background to the good developments. The company writes that it increased from 73 to 76 percent in 2021 compared to 2020 due to the purchase of properties in Zurich’s Im Tiergarten district. At the same time, the vacancy rate in the residential sector fell from 3.1 percent to 2.6 percent.

    In the same announcement, Plazza communicates a change in management and board of directors. At the beginning of the year, Plazza’s Chief Financial Officer, Thomas Casata, took over as CEO from Ralph Siegle, who was retiring. On the Board of Directors, Peter Lehmann is to replace Markus Kellenberger, who is stepping down when he reaches retirement age.

  • Residential real estate in Switzerland

    Residential real estate in Switzerland

    “Im Anschluss an einen historischen Anstieg der Immobilienpreise in der Schweiz im Jahr 2021 stellen wir im vierten Quartal eine Verlangsamung des Preisanstiegs fest”, bemerkt Jonas Wiesel, Mitbegründer von RealAdvisor. Es ist interessant zu beobachten, dass die Preise ausserhalb der Ballungsräume im Laufe des Jahres stärker gestiegen sind. “Die Käufer wollen in grosszügigeren Räumen leben und sind bereit, sich von den Stadtzentren zu entfernen. Dieser Trend ist seit Beginn der Pandemie sehr ausgeprägt” (siehe Einzelheiten im Anhang).

    Die Preise für Einfamilienhäuser schiessen in die Höhe, vor allem ausserhalb der Ballungsräume
    Da die Nachfrage unvermindert ist und der Wohnbestand in der Nähe der Ballungsräume kaum zunehmen wird, ziehen Käufer vermehrt Gemeinden in Betracht, die weiter von den grossen Stadtzentren entfernt sind. Insbesondere in den Kantonen Aargau, Thurgau, Solothurn und Bern steigen die Preise mehr als im Schweizer Durchschnitt.

    Tourismusregionen als grosse Gewinner
    Drei Alpenkantone stechen im Ranking der Top 5 der stärksten Preisanstiege hervor: Glarus (+13.6%), Graubünden (+12.8%) und Nidwalden (+12.3%). “Der Wunsch der Käufer, einen Zweit- oder sogar Erstwohnsitz in den Bergen zu besitzen, kommt allen alpinen Tourismusregionen zugute”, sagt Joan Rodriguez, Mitbegründer von RealAdvisor. Im Wallis sind die Preise nach mehreren Jahren Stagnation wieder angestiegen (Häuser +5,6%, Wohnungen +4,8%). In der Region Tessin übersteigen die Preise nach mehreren Jahren des Rückgangs zum ersten Mal das Niveau von 2017.

    Im Jahr 2022 dürfte sich der Preisanstieg fortsetzen, aber es ist unwahrscheinlich, dass er die 2021 festgestellte Wachstumsrate erreichen wird. Siehe : https://realadvisor.ch/de/schweizer-immobilienpreis-barometer-q4-2021

  • Peach Property posts record pre-tax profit

    Peach Property posts record pre-tax profit

    According to a statement from Peach Property , the Zurich-based real estate company, which specializes in real estate in Germany, posted a pre-tax profit of CHF 258 million in the 2021 financial year. This is the highest pre-tax profit in the company’s history, writes Peach Property. CHF 153 million was realized in the 2020 financial year.

    The value of Peach Property’s real estate portfolio increased year-on-year from CHF 2.1 billion to over CHF 2.6 billion. Rental income increased from CHF 54.7 million in 2020 to around CHF 108 million. With the help of a mandatory convertible bond issued in the year under review, the debt ratio was reduced from 57.8 to around 52 percent.

    In the financial year, Peach Property was also able to improve all external ratings, the press release explains further. Moody’s currently rates the company at Ba2 with a stable outlook, while FitchRatings gave it a BB with a stable outlook. S&P Global Ratings rates Peach Property at BB- with a stable outlook.

    “Our strategy and our business model have also proven to be outstanding in the 2021 financial year and we were able to close another year with very profitable growth,” Thomas Wolfensberger is quoted as saying in the press release. According to the CEO of Peach Property Group AG, the current financial year will primarily focus on “modernizing the residential portfolio and expanding sustainability activities”. Peach Property intends to invest around CHF 70 million in this.

  • A year to forget? Not for homeowners and tenants!

    A year to forget? Not for homeowners and tenants!

    2021 is unlikely to be remembered as a bright year – the never-ending pandemic sends its regards. However, a reliable source of positive news has been the real estate market. Owners of condominiums were able to post an increase in value of 7.3 percent over the course of the year, while the increase in single-family houses was almost as high at 6.9 percent. This is shown by the evaluation of sales advertisements as part of the Swiss Real Estate Offer Index, which is collected by the Swiss Marketplace Group in cooperation with the real estate consultancy IAZI.

    The reason for the significant increases in value is probably not solely due to the changes in living requirements due to the pandemic. The economy is also developing solidly, immigration is continuing and the supply of land is becoming increasingly scarce. At the same time, consumer prices have risen sharply, which further increases the attractiveness of tangible assets such as home ownership as protection against inflation.

    No bad news for tenants either
    2021 also meant it with tenants: inside not bad. Anyone looking for a new apartment was able to benefit from a minimal decline in asking rents of 0.3 percent over the year on average. The fact that the rent trend tipped into the red is thanks to a veritable year-end spurt: In December, a nationwide drop of 0.9 percent was registered.

    What will 2022 bring for the Swiss real estate market? “Under the current conditions, the new year should also come up with rising property prices. Whether the trend turns around is largely up to the monetary authorities: The American central bank (Fed) has announced that it will raise the key interest rate faster than planned. If the European (ECB) and Swiss monetary authorities (SNB) join in, prices would also fall in this country, ”says Martin Waeber, Managing Director Real Estate, Swiss Marketplace Group.

  • That was the (PropTech) year …

    That was the (PropTech) year …

    The money seems to be on the street at the moment. A number of well-known financing rounds were closed and numerous seed funding was obtained. In addition to the professional venture capital companies, there were increasingly also corporates who want to cut a piece of the (PropTech) pie here – among other things, to secure appropriate product know-how and digital competence in the company.

    More and more insurance companies and banks have used the past twelve months to build their own “living” ecosystem. What was planned and designed in the “Corona year” 2020 was implemented in 2021 – with the aim of strengthening the company’s own market position, for example in the mortgage business, in real estate marketing or in the area of insurance solutions.

    Mobiliar made the most of the talk with its ecosystem ventures. The insurance company has set up the Liiva joint venture with Raiffeisen, among other things, in order to use this platform to give its customers access to the living ecosystem and to establish a continuous value chain. But Credit Suisse, the mortgage specialist Moneypark and the data specialist PropTech Pricehubble also recently announced their partnership with the aim of creating a service and information platform for homeowners. And for the cantonal banks, who have been on the market for a long time with the newhome.ch platform, real estate is part of their core business. With a substantial participation of three cantonal banks in the PropTech company emonitor, a leader in the digitization of letting and marketing processes, a further step towards the living ecosystem has been taken.

    The past year was also marked by mergers and amalgamations of existing business models – such as the portal and solution provider Flatfox and the management solution Aroov. The announcement of the merger of several real estate portals such as homegate.ch and ImmoScout24 under the Swiss Marketplace Group (SMG) brand, a joint venture between TX Group, Ringier, Mobiliar and General Atlantic, has really hit the mark.

    So it will be exciting to see how things will continue in the new year and what concrete successes we will observe. The basis has been created in many ways, but there is certainly still a lot to be done at the level of organization, restructuring and governance. And the topic of sustainability will probably also be mentioned more often in the new year …

    You can find more impulses at PropTechMarket: https://proptechmarket.net/impulse

  • Privera is reorganized for the year 2021

    Privera is reorganized for the year 2021

    Privera combines the two complementary services “Letting Management” and “Trading” in the new “Marketing Switzerland” area. Marcel Frick, previously Head of Letting Management Switzerland, is in charge of the newly created organizational unit and thus combines the marketing expertise of the two departments. The rental management, as well as the trade, however, continue to act as an independent strategic service line of Privera.

    In addition, the Center Management division was renamed Retail & Site Management as of January 2021. This better reflects the diverse range of services in the area. The management of shopping centers also includes retail marketing, the coordination of tenants' associations and the management of complex areas that include retail, office and residential space. Dieter Sommer says: "We are convinced that these adjustments will help both our customers and our company."

  • Canton Uri provides 3 million energy-saving renovations

    Canton Uri provides 3 million energy-saving renovations

    The canton of Uri has adopted its Energy Uri 2021 funding program. In the coming year he wants to make a total of 3.1 million francs available for energy-efficient renovations. This means that the funds available are roughly as high as in the current record year 2020.

    The focus of the support program is the renovation of building envelopes, as the canton explains in a press release. These make a major contribution to ensuring that the federal and cantonal energy and climate targets can be achieved. With a subsidy rate of 60 francs per square meter, a high incentive will continue to be set for the renovation of the building envelope, it is said. The canton also offers advice in this area. In addition to the non-binding initial consultation at the Uri Energy Office, more detailed advice is now being launched.

    In addition to the renovation of buildings, the program also supports the replacement of old oil heating systems or solar energy.

  • The intelligent electricity meters will come from 2021

    The intelligent electricity meters will come from 2021

    The intelligent electricity meters called Smart Meters will be available nationwide from 2021. The Zurich city council has approved tied expenditure of 194.2 million francs for this. In the coming years, the EWZ will replace 270,000 conventional meters with digital smart meters in order to meet the statutory requirements of the federal government.

    These contribute to a CO2-neutral energy supply and security of supply. The individual areas such as the generation of electricity from renewable energies, storage and more through to the charging infrastructure for electric vehicles must be networked. Smart meters are digital and internet-enabled electricity meters, consisting of a measuring device and an intelligent distribution network (smart grid). In addition to the smart meters in the buildings, these systems include other components that ensure remote reading of the new measuring devices via the EWZ fiber-optic network. The consumption data of the end users are transmitted to the billing center in encrypted form.

    In contrast to analog meters, which are read annually, digital smart meters can measure the consumption and power generation of a household around the clock and make this information available to customers. The new counters also enable definitive invoices to be created directly. In the future, billing will be based on the actual electricity consumption – every three months instead of bills on account and annual bills.

    Affected property owners will be informed in good time by EWZ about the replacement of the meter. ■