immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Basel-Stadt

  • Swiss Prime Site Immobilien reports success in the first half of the year

    Swiss Prime Site Immobilien reports success in the first half of the year

    In the first half of 2022, Swiss Prime Site Immobilien doubled its lettings compared to the same period of the previous year. According to a press release from the Zurich-based company, 90,000 square meters have been newly let or re-let across the entire portfolio and across all regions. In the first half of 2021 it was 47,000 square meters.

    Swiss Prime Site Immobilien AG, which belongs to the Swiss Prime Site Group based in Zug, attributes this success to the good market conditions and the associated demand for commercial space. Despite the global economic slowdown, the signals for development in Switzerland remain mostly positive, according to the statement. In the service sector, for example, 105,000 new jobs were created in the past twelve months, an increase of 2.6 percent. The 114,000 vacancies also testified to a robust Swiss labor market.

    The real estate company noticed a particularly positive development in Basel, Zurich and Geneva. According to Swiss Prime Site, the two development projects currently under construction, JED in Schlieren and Stücki Park in Basel, are also enjoying brisk demand. Pre-letting rates of around 90 percent are expected there by the end of the year.

    “With the strong performance of re-lettings and new leases within our portfolio and the still intact economic prospects, we are also optimistic about the low vacancy rate and positive rental income development at the end of the year,” says Martin Kaleja, CEO of Swiss Prime Site Immobilien.

    Swiss Prime Site announces that it will publish the detailed half-year results for 2022 on Thursday, August 25.

  • Basel real estate remains a worthwhile investment

    Basel real estate remains a worthwhile investment

    Investment properties in the canton of Basel-Stadt would have proven to be a “crisis-resistant investment” in 2021 as well, according to the Basler Kantonalbank ( BKB ) in a statement on the real estate compass it created in cooperation with IAZI AG . According to the announcement, all property categories increased their performance in 2021 compared to 2020. According to the BKB, residential properties even achieved “a record-high overall performance” of 7.9 percent in the year under review.

    The analysts of the current real estate compass observed the greatest increase of 1.0 percentage points to 7.1 percent in mixed-use real estate. Office and commercial real estate lagged behind with a recovery of 0.4 percentage points to 3.8 percent.

    The increase in overall performance across all property categories was primarily due to increases in value, the analysts explain. Therefore, “a different picture” emerges from the gross return that excludes the increase in value.

    In the year under review, the analysts observed gross returns of less than 4 percent in Basel, Binningen and Bottmingen. In general, the more centrally located the property, the lower the yield. The analysts attribute this to the tightened law on housing subsidies, according to which rent adjustments as a result of renovations are “only possible to a limited extent”.