Tag: Genf

  • 170-metre tower sets the tone in the Quartier de l’Étoile

    170-metre tower sets the tone in the Quartier de l’Étoile

    Halter AG, based in Schlieren, and Fordinvest (Schweiz) Immobilien GmbH, based in Pfäffikon SZ, are realising the Tour de l’Étoile 3 in Geneva. According to a press release, the high-rise building will be located in the new Quartier de l’Étoile in Geneva and will offer more than 300 flats, spaces for public facilities, restaurants, shops and services as well as a top floor open to the public. With a height of 170 metres and an area of over 50,000 square metres, it is set to become an architectural landmark in Geneva.

    The background to the project is the Praille-Acacias-Vernets(PAV) spatial planning project in Geneva. As part of this project, nine new urban neighbourhoods with over 12,000 flats, 6,000 workplaces, public facilities and open and green spaces are to be built over an area of more than 140 hectares in the coming years. The signing of the planning agreement with the Fondation Praille-Acacias-Vernets and the Canton of Geneva has now paved the way for the development of two high-rise buildings.

    Together with the high-rise building planned by Rolex, Tour de l’Étoile 3 will form a central element of the PAV development project and contribute to the social and functional diversity of the l’Étoile neighbourhood. Fordinvest acquired the existing Tour de l’Étoile back in 2000 and initiated the development of the new tower block. Halter is assuming responsibility for the realisation of Tour de l’Étoile 3 as the overall provider. The company is also already present in the PAV project with one completed high-rise project and plans to build another in 2026.

  • Geneva location under pressure

    Geneva location under pressure

    Geneva is a symbol of international cooperation. 36,000 jobs in international organizations, around 250,000 overnight stays annually and a strong local footprint. These figures illustrate the relevance of the international presence. However, geopolitical tensions and the possible withdrawal of major players such as the USA are putting this system under pressure.

    The consequences are budget cuts, structural changes and location issues that extend far beyond the political arena. Real estate markets, local service providers and urban development are also directly affected. What was previously considered stable must now be rethought.

    When demand is redistributed
    International employees characterize Geneva’s housing market with around 9,500 occupied units, a high willingness to pay and a focus on spacious, furnished apartments. A reduction of just 20 % of employees could noticeably increase the supply rate. However, the vacancy rate is unlikely to rise. The tight housing situation ensures that vacant apartments are quickly occupied by local households.

    The decisive factor will be how the composition of supply changes, particularly in the high-price segment. The market could appear more relaxed in the short term, but could experience a shift in rental price dynamics in the medium term.

    Stability put to the test
    Around 650,000 m² of office space is currently occupied by international organizations. A reduction of 20 % would cause the vacancy rate to rise to over 10 %, with particularly significant effects in Grand-Saconnex, Pregny-Chambésy and the Jardin des Nations area. A complete withdrawal would leave over 140,000 m² of vacant space, which is roughly twice the size of the PAV project.

    Although the market has been robust so far, the decline in international demand could exacerbate existing imbalances. Differentiated strategies for flexible, user-centered use are required.

    Visible, vulnerable dependency
    Around 2,500 conferences are held in Geneva every year. The associated tourism supports large parts of the hotel market. The loss of these events could reduce hotel occupancy by up to 10 %. This would have a knock-on effect on suppliers, gastronomy and the city’s international reputation.

    This area in particular shows how closely economic, urban planning and diplomatic interests are intertwined and how vulnerable this hub is.

    From danger to opportunity
    The possible withdrawal of international organizations is not an isolated crisis, but an expression of global structural change. The challenge for Geneva is to understand resilience not just as resistance, but as change.

    Future strategies for Geneva
    A unique ecosystem of international organizations, a high quality of life and institutional stability continue to speak for Geneva. At the same time, it is important to respond strategically to challenges such as land scarcity, high land prices and the high cost of living.

    Driving transformation with two levers
    Developing new business models by diversifying financing and services, hybrid formats, digital platforms and locally anchored partnerships.

    Using real estate intelligently and flexibly
    Rethinking underutilized space in a modular, user-centric and adaptable way. This requires not only spatial agility, but also organizational agility.

    Making targeted use of synergies in the space
    Change from traditional offices to places of knowledge, encounters and innovation. Conference, hotel and coworking infrastructures should be planned and used in a more integrated way.

    Making planning more flexible
    Urban development must be responsive and adaptable. With visionary concepts that enable reversibility and user orientation instead of rigid specifications.

  • Parliament approves new IOM headquarters in Geneva

    Parliament approves new IOM headquarters in Geneva

    On 14 June 2025, the National Council approved an interest-free federal loan for the renovation of the headquarters of the International Organization for Migration by 166 votes to 2. The decision followed a yes vote by the Council of States in March. The IOM, as part of the UN system, plays a leading role in global migration policy. The current site in Geneva’s Morillons district dates back to the early 1980s and does not meet energy, functional or security standards.

    Investment of strategic importance
    Parliament’s approval came despite the fact that the IOM recently announced that it would be cutting around 20 percent of the approximately 1,000 jobs in Geneva. The background to this is a freeze on aid from the USA, one of the organization’s main donors. However, Foreign Minister Ignazio Cassis emphasized in the Council that the construction project was sensibly dimensioned, even with a reduced workforce of around 600 employees in future. With this commitment, Switzerland is pursuing a clear host state policy strategy to strengthen International Geneva in the long term.

    Financing structure and timetable
    The loan of CHF 44.7 million granted by the federal government is interest-free and is to be repaid within 50 years. The funds will flow to the FIPOI (Real Estate Foundation for International Organizations), which is responsible for the project. The Canton of Geneva is contributing an additional CHF 21.6 million. This means that the federal government and the canton are covering around two thirds of the total costs. Parliament had already supported a preliminary project in 2022 with CHF 5.7 million for planning work. Construction is scheduled to start in January 2026 and the building is expected to be occupied in 2029.

    Geneva as a strategic location for international organizations
    The Confederation’s support is to be seen as part of the overarching host state policy. Geneva is currently home to more than 40 international organizations and is considered one of the most important multilateral locations worldwide. Switzerland aims to further consolidate this role. Not least in an increasingly competitive environment for international headquarters. Modernizing the infrastructure is a key means of retaining organizations such as the IOM in Geneva in the long term.

    Signal of continuity despite uncertainties
    By clearly approving the construction of the new IOM headquarters, Switzerland is once again acknowledging its role as a host state for international organizations. Despite geopolitical uncertainties and internal cutbacks at the IOM, the project sends a strong signal of Switzerland’s attractiveness as a location and its reliability. An aspect that is equally important for specialists and managers in diplomacy, international organizations and the construction industry.

  • Planning in Geneva: a difficult exercise

    Planning in Geneva: a difficult exercise

    The Office de l’urbanisme is responsible for spatial planning in the canton of Geneva. Can you give us an overview of your responsibilities?
    The Office de l’urbanisme develops and implements a land use policy that aims to promote housing, economic, social and cultural development while improving the living environment in terms of ecological transition and enhancing the natural and built heritage. It is the gateway for all territorial projects and ensures a permanent and iterative dialogue between the local and regional levels and between the public policies that affect these projects (nature, landscape, mobility, land, social, health, economy, etc.).

    One of the instruments is the cantonal structure plan, which provides general guidance on the major spatial balances, particularly in coordination with the neighbours in France and Vaud. The town planning office is also responsible for zoning changes in order to adapt the uses to the needs of the area, as well as for master plans such as the neighbourhood plans or the localised neighbourhood plans, which specify the layout of the buildings, organise the outdoor spaces and distribute the building rights.

    Since 2015, the urban planning office has had a department for citizen participation, which is a centre of expertise for all the consultation processes that accompany all projects. Indeed, the consideration of the population and their utilisation expertise in the projects has been further strengthened by the consultation approaches. In order to understand how the area is inhabited and to enable the projects to take better account of the residents’ wishes, sociological studies are increasingly being integrated into the basic studies of the projects in addition to the participatory approaches.

    To accompany the construction of the Léman Express intersections, the urban planning office has also created an operational directorate responsible for public space projects: squares, greenways for non-motorised traffic, school playgrounds, parks, etc.

    What challenges and opportunities does urban development in Geneva face, especially in comparison to other Swiss cantons?
    The biggest challenge today is to accommodate this growth in a high-quality manner in an increasingly confined and limited space.

    For decades, the territory of Geneva has preserved its agricultural and natural areas as well as its landscapes, allowing it to offer its inhabitants a high quality of life. This constant attention between preservation and development has led it to play a pioneering role in the urban process of inward growth. The challenge today is to accommodate this growth within existing settlement structures, but also to initiate positive processes of regeneration and redevelopment of already urbanised areas. Climate resilience requires us to redesign public spaces by better managing water infiltration, unsealing soils and increasing vegetation cover. At the same time, the energy refurbishment of existing buildings must lead to significant savings while switching to renewable energy sources.

    This challenge of building the city on already built-up areas must also address the preservation of the built heritage and trees as well as the consideration of biodiversity in the urban environment.

    Which areas in Geneva are particularly attractive for companies and why?
    Geneva’s built-up area is particularly dense and compact. Companies in the secondary sector benefit from the high-quality industrial areas that, through the “Ecoparc”, aim to both dynamise the economic fabric and take into account the challenges of adapting to environmental change: better water management, greening, energy efficiency, circular economy, etc. These industrial areas are generally well connected to transport axes and some have a railway connection.

    The more mobile service activities have recently seen significant relocations to take advantage of new “addresses” that are better located, more modern and, above all, better connected to the mobility networks. In this quest for optimisation, the new business districts of the PAV have proved very attractive, especially those located close to the Léman Express stations. We can see that companies are paying attention to various parameters, including location, transport links (public and private), the local amenities offered in the neighbourhood, the flexibility of the premises and the environmental friendliness of the buildings.

    What are the most important construction projects in the canton of Geneva and how do they contribute to urban and spatial development and which projects would you describe as flagship projects and for what reasons? Where does urban and spatial development in Geneva still see development potential and how could this be utilised?
    Current urban development mainly consists of three large project families:

    The “large-scale projects” as urban expansion on agricultural land. These projects were conceived around ten years ago and have gone through the entire process from inclusion in the cantonal structure plan to zoning changes and neighbourhood development plans. Each of these projects comprises several thousand flats, commercial space, amenities and public facilities. They are all in the construction phase, which will last in stages until 2040.

    The urban regeneration projects in the Villa zone. These projects have great potential for new housing, but their planning is tricky due to the impact on the existing fabric, which not only has a natural resistance to change, but in places also has patrimonial and environmental qualities that require delicate balancing of interests.

    The third large family concerns the densification of the urban crown, including the “Praille-Acacia-Vernet (PAV)” sector and the Léman Express railway station districts. While the latter are in the final stages of completion and offer housing and commercial space with excellent transport links, the PAV sector aims to transform an industrial area of over 200 hectares into a new city centre. Far from a wasteland, this dynamic sector is now in operation and requires the relocation of companies to ensure their continuity in Geneva’s economic fabric.

    Are there any unused sites in Geneva that could be considered for new development projects? If so, where are they located?
    As already mentioned, the canton of Geneva is forced to develop inwards and regenerate its settlement area. Unlike other cities, there are no urban brownfields in Geneva, as these are often associated with deindustrialisation. Thus, urbanisation is mainly driven by the mutation of existing building zones, with the perspective of equipping the area to promote proximity practices.

    The quality of life is improved through the renewal of neighbourhoods. This includes the redesign of public spaces, the provision of facilities and services for the neighbourhood, the preservation of the built and natural heritage and easier access to recreational spaces. In this sense, the villa areas from the last century now represent the greatest potential for mutation for development projects in the canton.

    Geneva’s ambitions to preserve its natural and agricultural areas are supported by the Sectoral Plan for Crop Rotation Areas (SDA), which aims to preserve a quota of 8400 hectares of high-quality agricultural land to contribute to Geneva’s self-sufficiency. As this limit has practically been reached, future large urban expansions in the agricultural zone are no longer possible.

    Has the pandemic led to long-term changes in Geneva’s planning? If so, which ones?
    The pandemic was a moment in which the collective awareness of the close link between lifestyles and the city’s production was heightened.

    Indeed, the lockdown has been a real experience of urban resilience for all in a context where adaptation to climate change is necessary. It has also highlighted the need for a diverse city capable of offering services, places of relaxation and recreation close to a neighbourhood. The quality of public spaces is therefore of crucial importance, as is the networking of parks and gardens. In hot summers, access to water is also important and has led to a complete reorganisation of the use of lakeshores and watercourses by opening up walking paths and creating new recreational areas (banks of the Rhône, Eaux Vives beach, Vengeron beach, etc.).

    The need for leisure and recreation also put pressure on the agricultural and natural areas, with a high level of footfall during the pandemic, mainly due to the closure of borders. Today, thought is being given to the “socio-ecological” management of these areas to try to reconcile agricultural activity and the preservation of ecosystems, while allowing reasonable access for the public.

    How do you envisage the ideal development of the canton of Geneva? What would be the key elements?
    The development of the canton of Geneva primarily requires the preservation and valorisation of its agricultural and natural areas, both for reasons of biodiversity, food production and the landscape.

    New potential will therefore ideally be located in the already built-up area, partly in urban regeneration and partly in the densification of the villa zone.

    The vision underlying the development aims to promote a dense, green city that offers services and amenities nearby and locates future developments in areas that are well connected to mobility networks (active mobility and public transport). Neighbourhoods that offer diverse reception conditions and support a mix of generations, that are green and designed for all types of people, soft mobility networks that connect living spaces (housing, work, education, leisure, etc.) A self-confident urbanity of a dense city that knows how to contextualise building typologies and fully involve residents in their planning and implementation.

  • AMAG expands photovoltaics

    AMAG expands photovoltaics

    AMAG has put a new photovoltaic system into operation at its Châtelaine site in Vernier near Geneva. According to a press release issued by the company, a total of 891 solar panels have been installed on the roof of the Audi, Seat and Cupra building, covering an area of 1,737 square metres. In total, the new photovoltaic system in Vernier is expected to produce around 400,000 kilowatt hours of energy per year. This will be used on site for the company’s own requirements. Any excess production will be fed into the public power grid, according to the press release.

    “The fact that we have also received a photovoltaic system fills me with great joy and pride,” Francine Varga, Managing Director of AMAG Châtelaine, is quoted as saying in the press release. “I consider it extremely sensible and sustainable to utilise the power of the sun to cover the majority of our company’s electricity requirements.”

    By 2025, 75,000 square metres of the roofs of AMAG plants are to be equipped with solar panels. The AMAG Group has gradually expanded its solar capacities in recent years. As a result, corresponding systems have been installed on the roofs of numerous plants.

  • Patrimonium Urban Opportunity AG goes to BX Swiss

    Patrimonium Urban Opportunity AG goes to BX Swiss

    Patrimonium Urban Opportunity AG has been listed on the BX Swiss AG stock exchange since July 18. The listing is intended to enable the company to grow faster and increase flexibility in financing new projects, Patrimonium explained in a press release . Founding shareholders and management keep their shares.

    The PATURBO portfolio currently consists of nine commercial investment properties with a total market value of CHF 222 million. Another property under construction is scheduled for completion in 2024. The real estate company focuses on commercial real estate in the catchment areas of Geneva, Lausanne and Zurich.

    “We are proud to have reached this important milestone thanks to the many years of good and trusting cooperation with our investors and partners,” Christoph Syz, CEO of PATURBO, was quoted as saying in the announcement on the occasion of the company’s listing on the Bern Stock Exchange. Hanspeter Berchtold, CIO Real Estate at Patrimonium Asset Management AG, is looking forward to “further exciting projects and being able to make a positive contribution to urban development in the most important economic centers in Switzerland”. Patrimonium Asset Management AG has been entrusted with asset management by PATURBO.

  • 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.

  • Zurich remains at the top of the Swiss city ranking

    Zurich remains at the top of the Swiss city ranking

    The magazine “ Bilanz ” has published this year’s ranking of the quality of life in Swiss cities. Zurich took first place again and, according to the report , has been the undisputed leader for eleven years. The cities of Zug and Bern took second and third place, followed by Winterthur, Basel and Geneva.

    The city ranking was created by the real estate experts from Wüest Partner for the business magazine “Bilanz” based on several indicators for the quality of life in cities, for example in the areas of the job market, education, leisure and shopping. A total of 162 cities were rated in this way.

    According to the article by “Bilanz”, it hardly seems possible for other cities to break into the absolute top group. In the top 10, only the canton’s capital, Aarau, lost two places and fell from 6th to 8th place. When asked whether other cities even had a chance of making it into the top group, Patrick Schnorf from Wüest Partner was quoted as saying: “It’s impossible It doesn’t.” For example, St.Gallen, which currently ranks 11th, has a chance if the city could increase its educational and cultural offerings as well as its population growth.

    According to Schnorf, Bassersdorf ZH is a counter-example, which has slipped back eleven places. “Compared to other cities, Bassersdorf has not developed as quickly, for example in terms of education and culture,” Schnorf is quoted as saying. According to the ranking, the two economic regions of Zurich and Lake Geneva are the most liveable.

    Since there are only four cities in the top 30 from western Switzerland and Lugano, one in Ticino, it must be said that the overall quality of life in German-speaking Switzerland is higher.

  • Asking rents are developing differently

    Asking rents are developing differently

    The rental index, which is collected monthly by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank , closed in May at 117.6 points, Homegate informs in a press release . Compared to the previous month, advertised rents increased by an average of 0.2 percent across Switzerland. The analysts of the index have observed different developments within the individual cantons.

    Rents have remained relatively stable in most cantons. In the canton of Geneva, asking rents in May were 1 percent lower than in April. In the cantons of Zug, Graubünden, Appenzell Innerrhoden and Appenzell Ausserrhoden, on the other hand, the analysts identified significant increases of between 1.1 and 4.1 percent. However, they mainly attribute the jump of 4.1 percent in the canton of Zug to a decline in the previous month.

    In the eight cities examined in the index, the analysts identified an increase in asking rents of 0.7 percent in St.Gallen and a decrease of the same amount in Geneva and Lausanne. The two cities in western Switzerland are also the only ones where analysts have observed a drop in asking rents year-on-year.

    When recording rental price changes for the rental index, the rental prices are corrected for different quality, location and size of the apartments, explains Homegate. This makes it possible to record the actual rental price development.

    Homegate is a division of SMG Swiss Marketplace Group AG . This combines the digital marketplaces of TX Group , Ringier and Mobiliar .

  • Zurich is the second best city in Europe for real estate investments

    Zurich is the second best city in Europe for real estate investments

    Zurich gained two places in the European Thematic Cities Index (TCI) compared to the previous year and is now in second place. London is in first place and Stockholm is in third place. According to a press release , this index from Swiss Life Asset Managers measures 135 European cities in 28 countries. He evaluates them on five core themes that shape a city’s real estate market: Change and Disruption, Climate and Environment, Communities and Clusters, Consumers and Lifestyle, and Connectivity. He wants to offer a comparability for real estate investments.

    The six Swiss cities in the ranking are all in the top 50 of the TCI. Among them, Zurich remains “the most dynamic and healthy city with the best networks”. Despite the lack of an international airport, Bern’s 9th place is now “the third most accessible city in the entire ranking”. Basel gains one place compared to the previous year and is in 7th place, Lausanne in 15th place. Geneva has gained the most with 16 places and is listed in 31st place. Due to its “less environmentally friendly mix of sectors and above-average car use”, Lucerne lost nine places and ended up in 41st place.

    According to the TCI, all six Swiss cities promise little growth potential despite their stability and attractiveness. According to this analysis, they are all among the eleven worst European cities in terms of this criterion. And as in the TCI 2021, this year’s analysis rates health as the weakest issue in Swiss cities.

  • Privera appoints new management of the Western Switzerland region

    Privera appoints new management of the Western Switzerland region

    Gabriel Vonlanthen has been in charge of the west management region since May 1, 2022. Mr. Vonlanthen is a real estate manager with a federal license. Specialist certificate and has been with PRIVERA as branch manager in Geneva since May 18, 2021.

    Gabriel Vonlanthen brings a wealth of experience and in-depth knowledge of the real estate market in the region around Lake Geneva and throughout French-speaking Switzerland. He has an impressive track record both in supporting institutional real estate owners and in the implementation of corporate projects.

    “With Gabriel Vonlanthen we have a new regional manager for the management of western Switzerland, who not only has extensive experience in the real estate industry, but also knows PRIVERA very well,” says Andrea Wegmüller, COO of PRIVERA. Management of the German-speaking part of Switzerland is managed directly by Mr. Wegmüller.

  • Demand for condominiums is highly dependent on region and price

    Demand for condominiums is highly dependent on region and price

    The latest edition of the Online Home Market Analysis from the real estate portal Homegate and the Swiss Real Estate Institute (SwissREI) examines the advertisement data for condominiums for 2020 and 2021. The evaluated advertisements come from the four largest Swiss Internet portals and thus comprise around 85 percent of all online advertisements during the period under review. Detailed reports on the study for all regions can be found here in the online media release .

    For Martin Waeber, Managing Director Real Estate, SMG Swiss Marketplace Group, the latest online home market analysis shows how heterogeneous the Swiss condominium market is: “Overall, the demand for condominiums throughout Switzerland developed somewhat less dynamically last year due to the corona. However, certain market segments have seen lively demand over the past year, particularly in cities.” On average, the duration of advertisements in the low price segment has increased significantly in the cities examined, while it has remained practically unchanged in the higher price segment, although the number of advertisements has increased. “Similar to the rental apartment market, preferences in the condominium market have shifted away from smaller and cheaper to larger and more expensive properties during the Covid19 pandemic,” said Waeber, summarizing the study results.

    Longer advertisement duration despite smaller offer
    The significant increase in the average tendering period for condominiums from 61 to 84 days in 2020 compared to 2019 due to the Covid19 pandemic was confirmed at a high level in 2021 with 85 days. In comparison, the length of listings for single-family homes has fallen from just over 61 days in 2019 to pre-pandemic levels.

    On the other hand, around 20 percent fewer condominiums were offered online across Switzerland in 2021 than in the previous year. With such a severe shortage of offers, one would expect that the average duration of advertisements would also be correspondingly shorter. However, the fact that this has not shortened, but actually lengthened slightly, is evidence of a declining demand for condominiums across Switzerland for 2021.

    Prof. Dr. Peter Ilg, head of the SwissREI institute, sees several reasons for the weaker demand for condominiums: “Condominium prices in Switzerland rose by more than 8 percent on average in 2021. This is the strongest price increase in ten years. Such a significant increase in prices is likely to have had a dampening effect on demand in general. Increasing demand can only be seen in selected regions and in individual upper price segments, in which the buyers were probably able to increasingly resort to advance inheritances». This can be deduced, for example, from the distribution of taxable assets and homebuyers by age group. In the canton of Zurich, for example, the over-54s have more than half of the taxable assets, while across Switzerland the majority of home buyers are under the age of 55, Ilg continues. 

    Regional differences in the duration of advertisements are increasing
    From a regional perspective, the differences in the duration of advertisements in the eight major regions examined in 2021 have become more pronounced. In the Zurich region, where sellers have to advertise a condominium for the shortest time in Switzerland, the duration of the advertisement was reduced significantly by around a quarter to just 43 days (minus 14 days). In the two regions with the longest average duration of advertisements for a condominium, on the other hand, they continued to rise significantly, each at around 22 percent; the Vaud/Valais region recorded an increase of 18 to 98 days, Ticino by 25 to 139 days.

    In absolute terms, the greatest reduction in the length of advertisements was seen in the Central Switzerland region. After a decline of 19 days (minus 27 percent) for 2021 with 51 days, this region now has the second shortest advertisement duration of all eight regions surveyed, right after the Zurich region. The Geneva region, on the other hand, which still had the shortest advertisement duration in Switzerland at 52 days in 2020, fell back to third place in 2021 after an increase of 12 percent (plus 6 days).

    Increasing demand only in three out of eight regions examined
    The combination of the change in the duration of advertisements and the change in the number of advertisements allows conclusions to be drawn about the change in demand in the regions examined. In the three regions of Ticino, Vaud/Valais and Geneva, for the year 2021, despite a shortage of supply (i.e. a declining number of advertisements), there has been a significant increase in the duration of advertisements in some cases and thus a shrinking demand for condominiums. For the three regions of Central Switzerland, Northwestern Switzerland and Zurich, on the other hand, increasing demand (larger percentage decline in the length of advertisements than in the number of advertisements) can be observed. The other two regions (Eastern Switzerland and Espace Mittelland) show constant demand for 2021.

    Growth in demand for city apartments, especially in the upper price segment
    In addition to the eight regions, the Online Home Market Analysis also examines eight Swiss cities. When analyzing the demand for condominiums, a closer look at the price segment shows that demand in Basel, Lausanne, Geneva and Lugano in particular has increased. Both in the high price segment (CHF 1.5 million – CHF 3.0 million) and in the low price segment (CHF 0.3 million – CHF 0.5 million). In the high price segment, demand increased overall in six of the eight cities surveyed – in addition to Basel, Lausanne, Geneva, also in St. Gallen and Lucerne – while in the low price segment, the remaining four cities recorded constant or falling demand. This increased demand in the high price segment is now taking very different forms; While in Basel the declining length of advertisements in particular led to higher demand, in Geneva a much higher increase in the number of properties on offer compared to the length of advertisements indicated this conclusion.

  • Forest dominates land use in cities

    Forest dominates land use in cities

    The current study on the use of land in Swiss cities is astonishing, writes the Swiss Association of Cities in a statement on the ” Statistics of Swiss Cities 2022 ” drawn up jointly with the Federal Statistical Office . According to the analysts’ surveys, in 2018 settlement areas accounted for just 23.5 percent or 95,000 hectares of the total area of the 170 Swiss cities surveyed. Most of the urban soil, specifically 32.3 percent, was covered with forest at the end of the study period from 1985 to 2018. At 30.9 percent, the proportion of agricultural land in 2018 was also significantly larger than the settlement area.

    In the six largest cities in Switzerland (Basel, Bern, Geneva, Lausanne, Winterthur and Zurich), the proportion of settlement area in 2018, at 54.2 percent, was significantly higher than in the overall calculation, the statement explains further. Forest and agricultural land accounted for 29.6 and 14.3 percent, respectively.

    The analysts observed growth in the reporting period, above all in residential areas. Between 1985 and 2018 it increased by almost 10,000 hectares to 35,000 hectares. The areas used for traffic and built up with recreational and green areas also grew in the reporting period. In contrast, the area used by industry in cities with more than 100,000 inhabitants fell by 26 percent between 1985 and 2018.

  • ETH researchers build a dome from construction waste

    ETH researchers build a dome from construction waste

    A group of researchers from the Circular Engineering for Architecture Labs ( CEA ) at ETH have built a dome from construction waste. The aim of the project led by assistant professor Catherine De Wolf in the Department of Civil, Environment and Geomatics was to show the advantages of the circular economy and digitization for the construction industry, according to a press release .

    In doing so, the scientists should go through the entire reuse cycle of building materials – from the dismantling work to the design of a new building and its construction. Before the demolition of a car warehouse in Geneva, they collected usable old components under the guidance of demolition specialists.

    They stored and installed the parts on the Hönggerberg campus with the help of a self-programmed algorithm. This independently calculated the optimal geometry and dimensions of the wood supply in order to use it as efficiently as possible. “The aim was to design the computer program in such a way that it does not cut the largest bars into small pieces and leaves as few residues as possible,” doctoral student Matthew Gordon is quoted as saying in the press release.

    The participants also saved information on each component, which was marked with a QR code, in a database. The idea of the prototype: Architects could find out “when which materials from demolition objects will be available and plan them in new buildings”.

    Because in the project it turned out that the procurement of used components is one of the biggest challenges. “Ideally, the companies would be informed about demolition or dismantling as soon as possible, so that they can start looking for buyers for the materials right away,” De Wolf is quoted as saying in the press release. In fact, this often happens at short notice.

  • Confederation provides cantons with work assistance on climate protection

    Confederation provides cantons with work assistance on climate protection

    The Federal Office for Spatial Development ( ARE ) wants to support the cantons in countering the spatial causes and effects of climate change, explains the ARE in a statement . It has created a working aid for the cantonal structure plans. With these structural plans, which are binding for all authorities, the cantons control their spatial development.

    The working aid developed by the ARE is intended to supplement the existing guidelines for cantonal structural planning. It offers good and realizable practical examples of how spatial planning can meet the challenges of climate change. Both measures for climate protection and measures for adapting to climate change are discussed.

    As an example of a climate protection measure, the ARE cites the promotion of walking and cycling as anchored in the canton of Geneva’s structure plan. This and “the planning principle of short distances” are “important spatial planning levers for climate protection”.

    When it comes to adapting to climate change, the ARE cites an example from the canton of Schaffhausen. In his structure plan, he stipulated that areas in the settlement area should not be sealed if possible, so that the water can seep away and contribute to the formation of new groundwater reserves.

  • GenTwo launches first real estate certificate in the Metaverse

    GenTwo launches first real estate certificate in the Metaverse

    Three companies are partnering to launch the Metaverse’s first digital real estate investment product, the Criptonite Metaverse Real Estate AMC. Zurich-based securitization specialist GenTwo Digital , Lisbon-based luxury brand NFT marketplace Exclusible and Geneva-based cryptocurrency asset manager Criptonite have joined forces. To celebrate the launch of the Actively Managed Certificate (AMC) Criptonite Metaverse Real Estate, the Crypto Night Party will be held in Decentraland on the evening of April 8th. This is GenTwo’s web3 conference organizer AssetRush ‘s first event.

    According to a press release , the focus of this “exclusive investment product” is digital luxury real estate, i.e. NFTs (Non Fungible Tokens), in the Metaverse, a future giant network of virtual worlds including a virtual economy and virtual societies. The investment product is intended to allow institutional investors to participate directly in the development of the Metaverse and digital assets.

    “We are proud to announce our next major Metaverse investment product given the incredible opportunities offered by the Metaverse,” GenTwo CEO Philippe Naegeli said. “We believe our curated luxury digital properties will give both new and crypto-savvy professional investors the confidence they need to take their first steps into the Metaverse,” said Exclusible co-founder Romain Girbal. “Thanks to this AMC, you don’t have to be a ‘geek’ to invest in the Metaverse.”

  • Fewer apartments are empty

    Fewer apartments are empty

    As of June 1, 2021, Switzerland had a total of 71,365 vacant apartments, including single-family houses, according to the Federal Statistical Office ( FSO ) in a message . Compared to the previous year, this corresponds to a decrease of 9.5 percent. The corresponding vacancy rate fell in the same period by 0.18 percentage points to 1.54 percent. It fell for the first time in twelve years, according to the announcement.

    The FSO analysts observed a decline in vacant apartments in six of the seven major regions. Only in the greater Ticino area did the vacancy rate rise by 0.12 percentage points to 2.83 percent. Within the cantons, the analysts found the lowest vacancy rates in Zug (0.34 percent), Geneva (0.51 percent) and Zurich (0.72 percent). The highest vacancy rates were observed in the cantons of Solothurn (3.15 percent), Ticino (2.83 percent) and Appenzell Innerrhoden (2.59 percent).

    The analysts have noted a particularly high decline in vacancies for new apartments and single-family homes. As of the reporting date, 7,066 vacant properties were offered for long-term rent or for sale across Switzerland, 24.2 percent fewer than in the previous year. The number of vacant single-family houses offered for long-term rent or purchase decreased by 18.8 percent to 5940 properties in the same period.

  • There are great price differences in real estate

    There are great price differences in real estate

    Homegate.ch finds big differences in the purchase price of residential properties within Switzerland. Geneva and Zug are proving to be the most expensive cantons to buy a home, as the real estate platform belonging to TX Markets AG writes in a press release. Interested parties can only buy a 1.5 room apartment there for CHF 500,000. The same amount of money can be used to buy a three-room apartment in the canton of Zurich. In the cantons of Uri, St.Gallen and Jura, the budget is even enough for a 4.5 room apartment.

    Homegate.ch also detects major differences in property prices within the individual cantons. In some municipalities in the canton of Zurich (Elgg, Gossau or Mönchaltorf), a 3.5-room apartment can be purchased for CHF 500,000. In other municipalities (City of Zurich, Horgen or Männedorf) the money is only enough for a 1.5-room apartment.

    Overall, the purchase prices for real estate have risen in all cantons over the past ten years. Real estate has risen most in price in the canton of Zug. There the prices for a 4.5-room condominium rose from CHF 900,000 in 2010 to CHF 1.3 million in 2020. That corresponds to an increase of 45 percent.

    The rental prices are also very different depending on the canton. And here, too, Geneva and Zug prove to be particularly expensive. The city of Zurich also has comparatively high rental prices. Appenzell Ausserrhoden or Jura are considered cheaper. In the past ten years, rental prices have increased less than purchase prices.

  • Westhive wants to expand further

    Westhive wants to expand further

    Westhive sees an increasing demand for flexible office space. The Zurich-based provider, founded in 2017, therefore plans to open new locations in Basel, Zurich-Stettbach and Zug at the beginning of 2022. Geneva is to follow a year later, Westhive writes in a statement. The location there is to be set up in the new Alto Pont-Rouge and cover an area of 4500 square meters. It will also have its own fitness center, two restaurants and an event conference center.

    A total of around 1,000 jobs will be created at the four locations on 10,000 square meters. "All locations have a high proportion of private offices, for which we are seeing the greatest demand," Westhive co-founder Andreas Widmer is quoted in the press release.

    Westhive continued to see strong growth in 2020. The number of tenants has risen by over 50 percent. "We are seeing continuous demand for flexible offices and workplaces, even now that the home office is mandatory," says Widmer. "But most of all we are pleased that we have lost practically no members."

  • Romande Energie buys in Valais

    Romande Energie buys in Valais

    Romande Energie is increasing its presence in Valais. As announced by the Vaudois energy supplier, it is taking over Toutelec SA in Monthey. The installer of power lines and telephone systems, founded in 1990, is not only represented at its headquarters but also with branches in Troistorrents and Vouvry in Lower Valais and in Ollon VD.

    Toutelec is now part of Romande Energie Services SA. The service subsidiary of Romande Energie is already represented in the cantons of Geneva and Friborg, in addition to Vaud, and plans to expand its range to the whole of western Switzerland. Alexandre Udry, who is responsible for the Valais at Romande Energie Services, is quoted as saying in the message that Toutelec is known for its expertise in the fields of power lines, telecommunications and security and is well anchored in the Lower Valais. "We look forward to being able to count on his professionalism in the future in order to strengthen our presence and our competencies in this area."

  • Jean Nouvel is renovating the Grand Hotel Geneva

    Jean Nouvel is renovating the Grand Hotel Geneva

    At the beginning of the year, the Grand Hotel Geneva changed operators: Fairmont Hotels & Resorts, one of the luxury brands from the Accor Group, is taking over from the Kempinski Group. At the same time, the owner, Le Palace Genève SA, announced the extensive renovation of the hotel.

    The Geneva 5-star hotel directly on the lake with a view of Mont Blanc is being remodeled by the French star architect Jean Nouvel. With his architecture office, he secured the contract in the context of an international architecture competition. Brigitte Jucker-Diserens' Geneva partner office is coordinating the project. The KKL Luzern, the Lyon Opera, the Galerie Lafayette in Berlin and the national museum in Doha all came from Nouvel's hands. He was awarded the Pritzker Prize in 2008 and has so far created over 200 structures.

    Targeting the highest energy efficiency standards
    The renovation work should begin at the end of 2020 / beginning of 2021, once all permits have been received. One focus of the renovation is on the facade. It should be perfectly integrated into the environment and should be based on the design and materials of the other houses in the bay. The inner courtyard, the public areas and the restaurants are also being renovated. In addition, the hotel should meet the highest energy efficiency standards after the renovation. It is currently being clarified whether a thermal heating solution can be implemented. Then the hotel would be heated and cooled with water from Lake Geneva. This focus on sustainability is in line with the philosophy of the Fairmont brand.

    The hotel has 412 rooms, including 33 suites and 14 apartments; three restaurants, a lounge and bar with a view of the lake, a heated indoor pool and a spa and fitness center. The number of rooms will be unchanged after the renovation, as the press officer at Fairmont Hotels & Resort, Philippe Eberhard, announced. The centrally located hotel will remain open during the renovation. According to Eberhard, the costs are likely to amount to tens of millions of francs.

    Fairmont's portfolio currently includes 77 hotels in 29 countries, including the GrandHotel Geneva. The Fairmont Le Montreux Palace is also located on Lake Geneva. ■