Tag: Anlagen

  • New Head of Property Development at Swiss Life: Fabian Linke

    New Head of Property Development at Swiss Life: Fabian Linke

    Fabian Linke is moving from Swiss Prime Site Solutions to Swiss Life Asset Managers, where he has worked as Head of Business Development since 2021. Previously, he worked as an expert for property investment products and business development at Global Real Estate at Credit Suisse Asset Management from 2006 to 2015 and from 2018 to 2021. He began his career at Credit Suisse Asset Management in Institutional Sales Switzerland. He holds a degree in Banking and Finance from the Zurich University of Applied Sciences (ZHAW) and a Master’s degree in Real Estate from the University of Zurich. He is also a member of the Royal Institution of Chartered Surveyors (RICS).

    “I am delighted that in Fabian Linke we have been able to recruit a proven and experienced expert to expand our property activities for the third-party investment business in Switzerland. With his profound expertise in property, finance and markets, he will develop convincing investment solutions for our customers”, says Paolo Di Stefano.

    Swiss Life is one of the largest property owners in Switzerland. Assets under management totalled CHF 43.7 billion as at 31 December 2023, of which CHF 12 billion was for third-party clients in Switzerland.

    Fabian Linke reports directly to Paolo Di Stefano, Head Real Estate Switzerland, and will be based in Zurich.

  • Global real estate as a strategic opportunity – new cycle imminent

    Global real estate as a strategic opportunity – new cycle imminent

    Despite the challenges posed by interest rate hikes over the past two years, the global property market remains an attractive field for investors. Although there has been a marked correction in property prices internationally, the core market segment is robust and promises attractive returns. The expectation of interest rate cuts, particularly internationally, emphasises this opportunity, especially for investors with a focus on the Swiss market, by offering a chance for improved diversification and higher returns.

    The adjustment in property prices combined with a decline in transaction activity has caused valuations to fall in many markets – by up to 30%. Despite these developments, letting profiles remain stable and demand positive, with a few exceptions such as the US office sector. With interest rates expected to fall, we forecast that financing rates will return to below equity yields later this year, with property yields offering attractive spreads over government bonds.

    A diversified global property portfolio offers protection against local market downturns and minimises regional risks. Property markets around the world do not move completely in sync, which presents a unique opportunity for investors to optimise their portfolio. In addition, the different duration and phase of property cycles in different markets enables strategic investment and divestment decisions.

    Increasing digitalisation and the need for data centres illustrate the importance of a global approach to real estate investment in order to benefit from such emerging trends. The Swiss market alone offers little opportunity to invest in such specialised segments at an institutional level. In addition, the higher liquidity of international markets compared to the Swiss market offers advantages in terms of returns and market adaptability.

    Long-term comparisons between the KGAST index for Swiss funds and the international NFI-ODCE index for US funds show a significant outperformance of US property, underlining the benefits of global diversification. In view of the impending interest rate cuts and the potential market turnaround in various international property cycles, investors have a strategically favourable time to benefit from the current market corrections and position themselves for future growth. Investing in global property therefore appears to be a wise decision to expand portfolio diversification, gain access to growth markets and benefit from attractive entry prices.

  • Canton Zurich identifies untapped potential for solar power

    Canton Zurich identifies untapped potential for solar power

    Falling prices for solar installations have fuelled the construction of new photovoltaic systems in the canton of Zurich, as an analysis by the cantonal statistics office shows. According to this, there were at least 12,600 active photovoltaic systems in the canton at the end of 2021. Almost all of them were installed after 2010, according to the data. They produced about 0.3 terawatt hours of solar electricity per year, which is roughly equivalent to the annual electricity consumption of the canton of Appenzell Ausserrhoden.

    Despite the increase in installations, the analysis finds that there is still a great deal of untapped potential for solar power. About half of all Zurich systems are installed on single-family homes. There is still a need to catch up with multi-family houses and buildings that are not used for residential purposes. The latter also offer space for larger systems with a higher installed capacity.

    The analysis identifies further potential in new buildings. When the new cantonal energy law comes into force in September 2022, all new buildings will have to contribute to covering their electricity demand. It can therefore be assumed that new systems will be installed in the coming years.

    The Canton of Zurich wants to achieve zero greenhouse gas emissions by 2040 – or by 2050 at the latest. Accordingly, according to its own information, it attaches great importance to the use of the existing potential for renewable electricity production. ce/ssp

  • Infotech builds new building in Grenchen

    Infotech builds new building in Grenchen

    Infotech Automation is moving from Solothurn to Grenchen. The land purchase for a large new building in the new industrial park on Lebernstrasse took place a few days ago, and the building permit has been issued. Construction work will begin on 5 April. They should be completed in one and a half to two years. The company provides information about this in an article in the “Grenchner Tagblatt” of the “Solothurner Zeitung”, which it has published on its website.

    Infotech designs, produces and implements highly automated production systems, primarily for the manufacture of semiconductor power electronics. For this purpose, the new location will have 9600 square metres of office and production space on three floors instead of the previous 4400 square metres.

    The company, which is considered a so-called hidden champion and is growing continuously, could even add another storey later. The building, designed by SSM Architects of Solothurn, will reportedly be mostly glazed. The material regulates its own light transmission. Heating and cooling will be provided by geothermal probes fed by photovoltaics on the roof.

    According to its co-founder, CEO and shareholder Ernest Fischer, the recipe for success of the continuously growing company lies in quality, innovation, support and, without exception, customised developments: “The customers’ expectations must be exceeded in every respect. We are usually the most expensive in quotations and yet our customers remain loyal to us.” Personnel is sought for all departments.

  • Creating livable buildings of the future with foresighted planning

    Creating livable buildings of the future with foresighted planning

    Was ist eigentlich ein „lebenswertes Gebäude“? Früher waren Häuser einfache Gebäude, in denen Menschen vor allem geschlafen und gegessen haben. Heute muss ein Gebäude mehr können: „Wir wollen uns darin wohlfühlen, zur Ruhe kommen, ohne Barrieren fortbewegen und am besten nachhaltig leben. Es schafft nicht nur einen Raum, sondern muss zu den Nutzern und deren Bedürfnissen passen – und zwar heute und in Zukunft. Erst dann sprechen wir von einem lebenswerten Gebäude“, erläutert Sören Eilers.

    Gebäude werden in der Gegenwart für die Zukunft errichtet
    Dabei haben sich die Anforderungen allein in den vergangenen 15 Jahren stark gewandelt: Die Denkweise der Menschen hat sich verändert, zudem herrschen regionale Unterschiede, wenn es um die Frage geht, was ein zeitgemäßes Gebäude ausmacht. Werden mancherorts nur noch Passivhäuser errichtet, so liegt der Fokus andernorts beispielsweise auf freien Lernkonzepten und offenen Räumen. Für Planer und Architekten bedeutet das, dass sie weit vorausdenken müssen. „Gebäude werden in der Gegenwart für die Zukunft gebaut, für die nächsten 30 bis 50 Jahre Nutzungszeit“, erklärt Marco Sperling. „Wir müssen in unserer heutigen Planung also bereits die Nutzungsmöglichkeiten für in ein paar Jahrzehnten bedenken. Dabei ist jedoch fast immer das Budget der limitierende Faktor.“

    Damit nicht genug. Neben den vom Auftraggeber gesteckten Rahmenbedingungen gibt es diverse gesetzliche Anforderungen, Normen und Verordnungen, die einzuhalten sind. Dabei sind sich die unterschiedlichen Regelwerke längst nicht immer einig. „Es gibt in Deutschland fast nichts, das nicht geregelt ist. Die Rahmenbedingungen der Auftraggeber sind oft verhandelbar, bei gesetzlichen Vorgaben ist das weitaus schwieriger“, weiß Sperling aus Erfahrung. Damit am Ende alle Wünsche, Bedürfnisse, Anforderungen und Vorschriften unter einen Hut gebracht werden können, ist eine intensive Abstimmung mit allen Beteiligten unerlässlich: „Der Abstimmungsbedarf wächst ständig und ist sogar in Zertifizierungsprozessen verankert. Das ist auch durchaus sinnvoll, damit es am Ende ein gutes Gebäude wird. Es gilt in jedem Fall: Je besser die Abstimmung von Beginn an, desto besser das Ergebnis!“ So werden im Idealfall alle fachbeteiligten Planer für Haustechnik, Statik, Tragwerk etc., die Verarbeiter, aber auch Nutzer und Auftraggeber sowie deren Interessensvertreter eingebunden.

  • Revolutionary energy storage

    Revolutionary energy storage

    The apartment buildings in Seebrighof store solar power in the form of hydrogen. Dr. Martin Nicklas, Head of Energy Contracting at EKZ, explains the revolutionary power-to-gas concept: “On summer days, the solar system on the roof of the Seebrighof will produce more electricity than the residents can use. The so-called power-to-gas plant turns this into hydrogen. In winter the energy requirement is higher. Then the stored hydrogen is converted into energy. Around 55 percent of this is used to generate electricity in the system’s fuel cells. The remaining 45 percent of the energy escapes as waste heat, which is used to heat the building. ” The hydrogen is produced from tap water that is processed directly in the plant. Oxygen is created as a quasi waste product, which escapes into the ambient air. This is environmentally friendly because in winter the hydrogen is converted back into water and renewable energy with oxygen from the air. This closes the cycle. The system only uses locally produced solar power for production, and the public power grid is relieved.

    EKZ as a pioneer
    With a battery in the house, short-term fluctuations in solar power production in the summer are absorbed and, for example, solar power is stored for the night. The P2G system constantly converts the excess remaining free into hydrogen. As a result, it can be implemented more cost-effectively and operated more efficiently. For Nicklas, EKZ is taking on a pioneering role in the conversion to renewable energy supply: “For the first time in Switzerland, a P2G system is being implemented that can also be used cost-effectively in other properties of different sizes – even in existing buildings. With the system, we are testing the potential of seasonal energy storage from solar power for the winter. ” There are a few properties with hydrogen systems in Switzerland, including in the canton of Zurich. The difference in the project in the Seebrighof is the standardized concept, which can be easily and inexpensively applied to other buildings.

    Power-to-gas system
    But it gets even better: thanks to the power-to-gas system, most of the solar power can be used locally. The electrical efficiency of the P2G system is around 30 to 35 percent across all processes. The rest is generated as waste heat, which is used for hot water heating in summer and for heating in winter. Would you be able to supply yourself with energy completely independently at the Seebrighof? – «This would be technically possible and is already being done in this way in individual properties. However, this would be very costly and was therefore not the aim of this project. “

    Safe hydrogen storage
    Appropriate safety precautions must be taken when storing flammable and potentially explosive gases such as natural gas or hydrogen. These measures are checked by the authorities to ensure safe installations. Hydrogen is usually stored outdoors, with any leakage gas quickly volatilizing and thus preventing an explosive mixture. In the current case, according to Nicklas, the H2 is stored in commercially available gas cylinders that fully meet Swiss safety standards and norms.

    When is a P2G system worthwhile?
    The answer depends on many factors and must always relate to the specific building project and the requirements of the client, as Nicklas explains: “The fundamental question is how often the hydrogen storage tank can be charged per year. Because with each charging cycle, the system generates a contribution margin that contributes to amortization. We are also testing this potential with the system and are further developing the concept accordingly. ” The client of the Seebrighof is also demonstrating a pioneering spirit with the project. In this way, she does not only have the system installed from a purely monetary point of view. One would like to lead the way here and make a contribution to reducing the supply gap in winter – making society more independent of energy imports from fossil sources. The facility at Seebrighof can be financed well thanks to its cost-effective implementation, says Nicklas. She makes a significant contribution to research into seasonal storage technologies: “How economically effective the technology is is the subject of our investigations. In the next few years, however, we expect another significant price reduction on the hydrogen market, which could give the technology a boost.

    Energy strategy 2050
    In the Federal Council’s Energy Strategy 2050, storage technologies based on gases and liquids have a high priority. With the first standardized power-to-gas system, EKZ has reached an important milestone that could serve as an example for future developments. Nicklas concludes: “If we want to fully feed heat and power supply as well as mobility with renewable energy sources, we need efforts in all areas. Hydrogen as a storage medium can help to defuse the challenges of power supply in winter ».