immo!nvest – Die Plattform für Standorte und Immobilien

Tag: immobilien

  • Helvetica strengthens management team to realise strategic goals

    Helvetica strengthens management team to realise strategic goals

    As part of its long-term corporate strategy, important personnel decisions have been made to strengthen its management team and optimise the company’s competitive position. The latest additions to the team include Dirk Adriaenssen as Head of Asset Management, Mauro Golinelli as Investor Relations Specialist and Ruedi Voegeli, who takes over the Finance, Controlling and Accounting department.

    Dirk Adriaenssen has more than 25 years of industry experience in the retail, office and residential property sectors. He has been active in various European markets, including ten years in Switzerland. Most recently, he supported the integration of Credit Suisse’s property portfolios into the UBS portfolio and previously led the management of commercial property portfolios in Switzerland and Central Europe as Country Managing Director at Redevco. Adriaenssen, who holds a Master’s degree in law from the University of Brussels and is MRICS certified, will be responsible for asset management and strategic property management at Helvetica.

    Mauro Golinelli, who will start on 1 June 2024, will act as Client Relationship Manager, fostering relationships with investors and strengthening the company’s presence in French-speaking Switzerland in particular. With over ten years of experience at the Swiss Finance & Property Group, he has in-depth knowledge of property investment sales and is a federally certified finance and investment expert.

    Ruedi Voegeli, who has been part of the team since January 2024, will take over as Head of the Finance, Controlling and Accounting departments. Voegeli was CFO of PFS Pension Fund Services and previously worked at Edelweiss Air. He has extensive experience in financial management and is a business economist FH as well as a federally certified expert in accounting and controlling.

    These strategic appointments are part of the endeavour to manage its funds effectively and offer innovative solutions that meet changing market conditions. The expansion of the team should contribute to the efficient implementation of the funds’ objectives and consolidate the company’s position as a leader in the property investment sector.

  • The 24th report of the Zurich Heritage Society

    The 24th report of the Zurich Heritage Society

    With its 24th report, the Zurich Cantonal Monument Preservation Office has published a detailed documentation of its work in recent years, providing important insights into the restoration of architectural monuments throughout the canton. This volume contains 34 detailed texts on individual buildings and ensembles spanning a period of more than 700 years of building culture. The selected projects illustrate the typological diversity and regional distribution of monuments in Zurich.

    Particularly noteworthy in this report is the increase in projects from the 20th century, including striking buildings such as the Tibet Institute in Zell, the landscaping of the Wintower in Winterthur and the Pavillon Le Corbusier in Zurich. The report also presents a number of educational and catering buildings as well as agricultural structures that are characteristic of regional architecture.

    Outstanding examples include the castle ruins of Alt-Wülflingen near Winterthur, the guild house “Zur Meisen” and the “Schildner zum Schneggen” society house in Zurich as well as the historicist Wart Castle in Neftenbach. Two villas with extensive parks in Horgen and Männedorf are also included in the report.

    The documentation of each property in the report includes a timeline of the construction history, detailed descriptions of the measures carried out and extensive illustrations. The report is supplemented by two introductory articles dealing with liturgical buildings in Dielsdorf and innovations in timber construction in the early 20th century in the canton of Zurich. These articles shed light on the influence of civil engineering on architecture and the importance of building with wood during a period of major technical and cultural change.

    Finally, the report contains around 90 short reports on renovations accompanied by monument conservationists, which illustrate the breadth and depth of monument conservation activities in the Canton of Zurich. The 24th Report on the Preservation of Historical Monuments in Zurich thus offers a valuable resource for specialists in monument preservation, architecture and urban planning as well as for anyone interested in the preservation of cultural heritage.

  • “Fischermätteli” first site with Minergie certificate

    “Fischermätteli” first site with Minergie certificate

    The innovative and long-term residential construction project Fischermätteli was successfully completed by Strüby Unternehmungen in autumn 2023 after a staggered construction period of around three and a half years. The ten apartment blocks with a total of 168 condominiums were built on a former commercial site in Burgdorf BE. Over 6600 m3 of Swiss wood was used in the construction, which serves as a natural CO2 reservoir and has an excellent ecological footprint thanks to the short transport routes.

    One hundred per cent of the energy requirements for the entire site are covered by renewable sources. The electricity comes from the PV systems on the roofs of the buildings, while the heat for heating and hot water comes from a heating centre that runs on Swiss pellets. The well thought-out mobility concept is based on electric mobility, car sharing, bicycles and public transport. A co-working space supports working from home and thus indirectly relieves traffic congestion. In addition, the environmental design based on the sponge city principle ensures natural and efficient cooling in summer and turns the project into a true biodiversity hotspot thanks to the wide variety of native plants.

    Label with high requirements
    In April 2024, the largest real estate project to date was awarded the coveted certificate by the Minergie association: the Minergie-Areal label, having already been awarded the Minergie-A-ECO label. The new standard, which has been in place since September 2023, is supported by various organisations such as the Minergie Association, the cantons, the business community and the Swiss Federal Office of Energy. The Minergie site is characterised by minimal energy consumption, minimised greenhouse gas emissions during construction and operation and maximum self-sufficiency with renewable energies. The buildings have particularly efficient heat insulation and controlled air exchange. In addition, the outdoor space of the Minergie site is designed in such a way that climate resilience and quality of stay are increased, for example through green planting and shading options. Another advantage of the Minergie site is the promotion of climate-friendly mobility.

    The development in Burgdorf BE sets new standards in timber construction for flats. With 168 owner-occupied flats in ten apartment blocks, it is the largest construction project of its kind to combine Swiss timber and the Minergie-A-ECO standard. Sustainability aspects were at the centre of the project right from the start, which earned it the first Minergie-Areal certificate for a completed project.

    Thanks to the elegant timber façades, the ensemble blends in perfectly with its natural surroundings. The clearly defined meeting and play zones with village charm promote relationships between the residents. At the same time, the architecture ensures privacy and creates living spaces with ideal air, light and sound characteristics. Community-enhancing elements such as a spacious communal pavilion and the professional home office zone “fm produktiv” round off the offer.

    The flats offer 2.5 to 5.5 rooms and are designed for singles, couples and families of all ages. The floor plans are flexibly designed so that they can be adapted to future needs. From the ground floor upwards, the building was constructed using timber elements.

    The energy supply is consistently based on renewable sources. The electricity for the approximately 400 residents comes from the PV systems on the roofs of the apartment blocks (700 MWh/year). Heat is generated in a heating centre using Swiss wood pellets.

    The mobility concept focuses on cycling, public transport, electric vehicles and car sharing. Bicycle stands, charging stations, repair and cleaning areas are available. Residents can also use one of the two electric cars from the neighbourhood’s own car-sharing scheme via an app or conveniently use the bus, which runs every half hour from the neighbourhood to Burgdorf. Demand for the condominiums and rental flats was very high right from the start. All 168 flats were sold or rented months before completion. The fair sales and rental prices certainly contributed to the great success, e.g. a flat with 4.5 rooms was already available from CHF 610,000 (minus Minergie subsidies from the Canton of Berne).

  • JURA ECO3 – the visibly sustainable cement

    JURA ECO3 – the visibly sustainable cement

    Clinker is the most important component of cement and consists of ground limestone and marl, which is fired at 1450° Celsius. The carbon from the limestone is released into the atmosphere during the burning process. This accounts for around two thirds of CO2 emissions per tonne of clinker. Some cement manufacturers replace clinker with granulated blast furnace slag or fly ash in order to reduce CO2 emissions. However, these materials are available in reduced quantities or have to be imported.

    “In our latest cement JURA ECO3, we are replacing a significant proportion of the clinker with clay,” explains Emanuel Meyer, Head of the Technical Competence Centre TCC of the JURA Materials Group. “Clay is fired at half the temperature of clinker and generates two thirds less CO2 emissions. We extract the clay from our own clay pit. JURA ECO3 cement also contains the least grey energy compared to all other Swiss cements. If a concrete is produced with JURA ECO3 cement, the total CO2 emissions per m3 of concrete are approx. 20 % lower compared to building construction concretes with Portland limestone cement.“

    Certified and tested
    JURA ECO3 is the only CEM II/C-M (Q-LL) cement approved in Switzerland with strength class 42.5 N, externally tested and certified in accordance with
    SN EN 197-5. It is approved for building construction (concrete types A-C). “The product meets the growing demand for sustainable solutions,” explains Ralf Schumann, Commercial Director Cement of the JURA Materials Group, “whether from architects or investors such as cities and municipalities, pension funds and insurance companies, for whom the carbon footprint of a construction project is playing an increasingly important role. Thanks to JURA ECO3, they can significantly improve this.”

    JURA ECO3 cement is certified by ecobau as an eco1 product. It is suitable for Minergie (A-/P-)-ECO projects and fulfils the 1st priority ecoBKP/ecoDevis. With its warm earthy colour, it also sets a visual example for sustainable construction. The JURA ECO3 cement will soon be available in the KBOB* calculator. This can be used to calculate the environmental impact of one m³ of concrete of your choice.

    *KBOB = Coordination Conference of the Construction and Property Bodies of Public Building Owners

    In addition to a small CO2 footprint, concrete made from JURA ECO3 cement with calcined clay has a warmer colour and also sets a visual example for sustainable construction. ECAP construction site, Couvet (zVG)

  • Emergency power for automatic doors: New battery backup solution

    Emergency power for automatic doors: New battery backup solution

    According to a press release,Dormakaba is launching a fire-tested battery backup for uninterruptible power supply in door automation. The installation kit for rechargeable lithium iron phosphate batteries (LiFEPO4) has been specially developed for the ED 100/250 proprietary product. In the event of a power failure, the battery backup switches on and ensures continuous functionality of the automatic swing door system.

    Extensive scientific tests carried out by the Swedish state research institute Research Institutes of Sweden have ruled out any safety concerns, according to the statement, adding that the solution has demonstrated its added value in terms of safety and reliability “under very demanding test conditions”. This involved integrating an automatic door system on a fully equipped fire door and creating a worst-case scenario.

    “With the launch, we have developed a competitive product that offers customers significant added value in terms of security and sustainability,” Magin Guardiola, Chief Innovation Officer at dormakaba, is quoted as saying. Other advantages cited include lower installation costs and less need for expensive cable connections to external units.

    The locking technology company from Glattal intends to grow in Scandinavia with the building management solution. The product will be launched in Denmark, Finland, Norway and Sweden in April and May.

  • Building materials and recycling industry join forces

    Building materials and recycling industry join forces

    The trade association arv Baustoffrecycling Schweiz and the FSKB Fachverband der Schweizerischen Kies- und Betonindustrie are joining forces for a sustainable future for the construction and recycling industry. They have joined forces to form the Swiss Building Materials Recycling Association, the new association announced in a press release. Baustoff Kreislauf Schweiz represents more than 1000 Swiss gravel quarries, concrete plants and recycling centres and thus covers over 80 percent of companies active in the extraction and recycling of mineral building materials.

    Baustoff Kreislauf Schweiz is convinced that the future belongs to the circular economy. The association wants to use innovative technologies and methods in its own sector to extract mineral building materials in an environmentally friendly way and keep them in circulation. Gravel pits are to be renaturalised as habitats for flora and fauna once gravel extraction has ended. In this way, nature is “naturally integrated into the circular economy”, according to the press release.

    At the same time, Baustoff Kreislauf Schweiz is focussing on supplying Switzerland with gravel and concrete. The large and localised areas required for the processing of mineral building materials are becoming increasingly scarce due to protection regulations and other uses, explains the association. It therefore wants to work to “ensure that the supply of high-quality building materials to construction sites remains guaranteed in the future and that these are professionally processed for reuse”.

  • CO2 removal in building materials: CDR alliance grows

    CO2 removal in building materials: CDR alliance grows

    Over the next few years, NextGen CDR will purchase CO2 removed from the air and permanently stored in building materials (carbon dioxide removal, CDR) from the Bern-based company Neustark at 18 locations. The CDR alliance includes Mitsubishi, South Pole, UBS and SwissRe.Neustark will ensure the high-quality, permanent removal of CO2 from the atmosphere for NextGen CDR in the coming years. The two companies have signed a multi-year agreement to this effect, according to a press release.

    The CO2 will be removed by Neustark at its sites in Switzerland, Germany, Liechtenstein, France, the UK and other European countries. The Bern-based ClimateTech company has developed an innovative process that captures biogenic CO2 at source.

    “We turned the world’s largest waste stream – demolition concrete – and other mineral waste materials into carbon sinks,” explains Neustark’s Head of CDR, Lisa Braune. “Partnering with carbon removal pioneers like NextGen is critical to scaling the impact of the CDR industry.”

    According to NextGen, NextGen has already removed 1500 tonnes of CO2. With 120,000 tonnes of high-quality carbon removal sold to various organisations, Neustark is among the top 10 worldwide.

    According to NextGen GDR, the alliance was “developed specifically for corporate buyers committed to Net Zero targets. It makes durable, high-quality CDRs accessible at a target price of $200 per tonne.” NextGen CDR is operated by Zurich-based climate consultancy South Pole and Mitsubishi Corporation, and supported by founding buyers Boston Consulting Group, Liechtenstein-based LGT Group, Tokyo-based shipping company Mitsui O.S.K. Lines, Zurich-based reinsurer Swiss Re and major bank UBS. NextGen CDR plans to purchase a total of 1 million tonnes of CDR by 2025.

  • Sustainable properties are fit for the future

    Sustainable properties are fit for the future

    Residential and commercial properties need energy – and a lot of it. The Swiss building stock is responsible for 40 per cent of Switzerland’s final energy requirements and a third of domesticCO2 emissions. This is why property also plays a key role in the energy transition. However, striving for greater sustainability in the building sector not only makes sense from an ecological perspective, but also from an economic one. Investments to increase energy efficiency and switch from fossil fuels to renewable energies have a value-enhancing effect. And sustainable buildings are marketable in the long term. Migros Bank offers its corporate customers a free analysis to identify the optimisation potential in their property portfolio. Bernd Geisenberger, member of the Executive Board and Head of Corporate Clients, explains in an interview what opportunities sustainable real estate offers and how customers with a real estate portfolio can benefit from Migros Bank’s expertise.

    What is a sustainable property?
    Basically, a sustainable property is one that provides ecological, social and economic benefits in the long term. What this actually means for an individual building must be assessed on a case-by-case basis and cannot be generalised. The social and economic benefits in particular depend on the intended use of the building. This means that there can be major differences from case to case. In terms of environmental sustainability, the aim is to increase the building’s energy efficiency and reduce emissions, among other things.

    Migros Bank offers a free analysis of property portfolios. What is analysed?
    Together with customers, we examine residential or commercial properties for sustainability, yield, potential and marketability. Together with property experts, we have developed a tool for this purpose. This tool shows which investments have an impact on theCO2 emissions of the property portfolio, as well as the income and costs resulting from these investments. It often turns out that an energy-efficient refurbishment or an early replacement of the heating system, i.e. switching from fossil fuels to renewable energies, has a positive impact on profitability.

    What follows the analysis?
    A consultation in which we show our clients the opportunities and risks of their property. We also discuss possible strategic positioning of their portfolio on the market.

    You talk about opportunities. What exactly do these look like for sustainable buildings?
    If the energy efficiency of buildings increases, energy costs fall. This is directly noticeable. Of course, the investments – for example in the refurbishment of the building – have to be amortised. However, expensive energy costs mean that the amortisation period is short in many cases. Increased energy efficiency also increases the market value of the property. However, the increase in attractiveness is not only noticeable in the event of a sale, but also for rental properties. The demand for sustainable buildings with low ancillary costs is high. Tenants are prepared to pay more for sustainable living space. In addition to these measurable benefits, sustainable buildings also offer opportunities that cannot be directly quantified, such as improved reputation. By investing in sustainable property, a company can position itself as a responsible player. This often has the effect of strengthening relationships with customers, investors and partners.

    The trend towards greater sustainability in the property sector is picking up speed. Will the wind change again?
    Sustainability is not a passing fad, but essential in the long term. Addressing the issue at an early stage makes it easier to plan investments and thus increases the ability to act. Those who invest in sustainable property today are therefore better prepared for the challenges of the future.

  • SAK and NORM work together for greater energy efficiency

    SAK and NORM work together for greater energy efficiency

    The energy supply company St.Gallisch-Appenzellische Kraftwerke AG(SAK) is entering into a partnership with Norm Technologies(NORM) from Zurich. NORM determines the energy efficiency of buildings as well as their CO2 emissions and refurbishment options. NORM has set itself the goal of reducing greenhouse gas emissions in the building sector.

    “This partnership with NORM is in line with our commitment to promoting innovative solutions that help our customers to increase their energy efficiency and make an active contribution to environmental protection,” said Philipp Inderbitzin, Head of Energy Solutions at SAK, in a press release. The collaboration will enable SAK to offer its customers a holistic energy analysis for their properties.

    The first step of the analysis is carried out digitally and free of charge via the SAK website. In a second step, energy experts prepare a more in-depth analysis and show options for a customised renovation roadmap. With NORM’s expertise, SAK can advance its goal of achieving net-zero greenhouse gas emissions by 2040, which in turn supports the goals of the Swiss Climate and Innovation Act, the press release explains. In return, “working with an established partner like SAK enables us to come one step closer to our vision of decarbonising the real estate sector”, according to NORM founder Gian Reto à Porta.

  • New catering project in Baden’s city centre on 1000 square metres

    New catering project in Baden’s city centre on 1000 square metres

    The catering and hotel company SV Group is setting up a restaurant with 300 seats and a terrace covering 1000 square metres at Konnex Baden. According to a press release, SV, headquartered in Dübendorf, will also be responsible for catering for guests in the conferencing area. The SV Group employs around 4800 people in Switzerland and will offer a catering service for the conference and meeting areas as well as event catering.

    According to the landlord’s press release, this means that the so-called city-within-a-city concept of Konnex Baden is increasingly taking shape. SPGI Zurich AG is responsible for the marketing and letting of Konnex Baden. Around 35,000 square metres of commercial space will be available following the total refurbishment.

    The city-within-a-city concept includes a range of services and amenities, including restaurants, shops for everyday needs, fitness, childcare and co-working. The Konnex building is located in the city centre, just a five-minute walk from Baden railway station and 20 minutes from Zurich.

    SPGI Zurich AG, based in Zollikon, is a subsidiary of the Intercity Group, an independent property services provider with group companies in Zurich, Lucerne, Bern, Basel, St. Gallen, Olten SO and Zug. Since 1993, the company has been an alliance partner of Cushman & Wakefield, a leading global provider of property services with headquarters in Chicago and 53,000 employees in 60 countries.

  • Maaglive a green heart for Zurich West

    Maaglive a green heart for Zurich West

    In the heart of Maaglive, on the former Maag site, a multifaceted centre is expected to be created by the end of 2028. Consisting of the historic K building, a modern residential tower, a cultural pavilion and lively open green outdoor spaces, a new neighbourhood life will be created here.

    Maaglive focuses on neighbourhood revitalisation and new standards in urban development. The existing K building is and will remain a meeting point with catering and cultural facilities and co-working areas, while the cultural pavilion offers space for art and encounters. The residential tower complements the offer with living, working and catering space.

    The infrastructure on the neighbourhood square is tailored to the needs of residents, visitors and children and ensures a lively atmosphere. Events that attract residents and visitors alike will also take place here. The neighbourhood square is therefore a lively meeting place for the community. This green and traffic-free public area invites people to sit down, meet and play, surrounded by native trees. It connects the neighbourhood with the surrounding network of footpaths and cycle paths and serves as a natural extension of the urban living space, helping to reduce heat in the surrounding area.

    Maaglive combines sustainability with urban living. Thanks to flexible construction methods and the use of renewable energy sources, the new buildings fulfil the highest energy standards. The use of hybrid timber construction methods in the residential building emphasises the commitment to environmentally friendly design and positions Maaglive as a pioneer in sustainable urban development.

  • Value-added tax in the canton of Zurich – skilful solutions required

    Value-added tax in the canton of Zurich – skilful solutions required

    Pressure from the federal government
    The federal parliament has set the course with the revision of the Federal Spatial Planning Act (SPA) and the electorate has approved this amendment. Since 1 May 2014, the new Art. 5 para. 1bis to para. 1sexies RPG regulate the minimum requirements for the levy on added value.

    The amount of the added value levy in the canton of Zurich
    The canton of Zurich has fulfilled its obligation with the entry into force of the legislation on added value. A distinction is made between zoning and upzoning/rezoning. For single-zone developments, the canton charges 20% of the added value. The municipalities can stipulate a maximum levy of 40% for upzoning or rezoning. The estimated levy rates vary between 20% and 40%.

    When calculating the value-added levy, the municipalities can exercise a certain degree of discretion and allow certain deductions: Firstly, value-added levies of less than CHF 30,000 are not charged. In addition, the legislation provides for a flat-rate deduction of CHF 100,000. Furthermore, the municipalities determine an open area of between 1,200 m2 and 2,000 m2. Planning expenses can also be deducted from the added value.

    Assessment and legal protection
    In individual cases, the municipalities consult valuation companies to calculate the added value. In practice, it has been shown that these companies use their own databases, the data basis of which is hardly comprehensible for those affected. Nevertheless, certain corrections can sometimes be made at this stage. It is therefore worth examining such calculations in depth and analysing them.
    After granting the right to be heard, the authority determines the added value by means of a ruling. This can be appealed to the Building Appeal Court of the Canton of Zurich.

    Urban development contract – a useful instrument
    An alternative is the urban development contract (Section 21 MAG). In such a contract, the parties are free to agree on benefits in kind from the landowner instead of a payment. In this case, the added value and value of the services do not necessarily have to be estimated. In many cases, this gives the parties economic and spatial room for manoeuvre. Possible agreements could relate to the upgrading of publicly accessible areas, the promotion of public transport, participation in public facilities (e.g. crèche) or the creation of affordable housing. The landowner receives a means of upgrading their own development or its surroundings by offsetting the value-added tax to be paid; often a win-win situation.

    Solutions allow a lot of money to be used for your own development that would otherwise disappear into a state pot. It is advisable to consult a specialised law firm for the possibilities.

  • Efficient utilisation of building heat – EMPA’s HEATWISE project

    Efficient utilisation of building heat – EMPA’s HEATWISE project

    At a time when sustainable energy management is becoming increasingly important, the unused waste heat from IT systems in buildings represents a considerable waste. Hospitals, universities and office complexes have extensive IT infrastructures that not only consume energy but also produce a significant amount of heat that remains largely unutilised. The Horizon Europe project HEATWISE addresses this challenge and brings together twelve research and industry partners from eight countries to develop innovative solutions for utilising this waste heat.

    The project, which was launched in early 2024 and will run for three years, is funded by the European Union under Horizon Europe and by the Swiss State Secretariat for Education, Research and Innovation. A key element of HEATWISE is the development of predictive control algorithms that not only link the IT infrastructure and building technology, but are also designed to enable energy-efficient, low-carbon and cost-effective operation.

    One example of the practical realisation of these goals is Empa’s “NEST” research building in Dübendorf, which serves as a real pilot plant. Here, the waste heat from a microcomputing centre is already being successfully used for heating, supported by innovative cooling technologies such as the “on-chip liquid cooling” system from Israeli project partner ZutaCore. This enables optimum heat recovery and the utilisation of the recovered heat for high-temperature-intensive applications, such as hot water supply.

    For specialists from the property and location development sector, HEATWISE not only offers insights into pioneering heat recovery and energy efficiency technologies, but also concrete application examples that show how IT infrastructures and building technology can be used synergistically for more sustainable energy management.

  • Prices for residential property rise by over 3 per cent

    Prices for residential property rise by over 3 per cent

    The market for owner-occupied residential property remains robust in the first quarter of 2024, according to Raiffeisen in its media release on the Q1 transaction price index. According to the report, prices for single-family homes rose by 1.4 per cent in the first quarter of 2024. This means they have become 3.9 per cent more expensive compared to the same quarter of the previous year.

    Single-family homes around Lake Geneva (+7 per cent) and in western Switzerland (+5.9 per cent) recorded the strongest year-on-year increases. In contrast, prices in Eastern Switzerland stagnated (+0.0 per cent).

    By contrast, prices for condominiums have risen the most in Northwestern Switzerland (+7.2 per cent) and Central Switzerland (+4.9 per cent) over the past four quarters. Prices rose only slightly in eastern Switzerland (+0.7 per cent) and on Lake Geneva (+0.9 per cent). Compared to the previous quarter, prices for owner-occupied condominiums fell by an average of 0.3 per cent.

    “Now that the SNB has heralded a downward turn in interest rates due to surprisingly low inflation figures, buying is once again somewhat more attractive than renting a comparable flat,” says Raiffeisen chief economist Fredy Hasenmaile. “This will increase the recently declining demand for residential property again and thus support price momentum.”

    Within the space of a year, prices for home ownership rose by 7.1 per cent, the most in central municipalities. In the condominium segment, urban municipalities recorded the strongest price increases (+4.4 per cent).

  • Extension to create more living space

    Extension to create more living space

    The densification of Swiss cities should also be realised upwards. This is what the FDP is calling for together with FDP Urban, an initiative of FDP city parties. According to a press release, they propose increasing the permitted building height in all residential zones by one to two storeys. In addition, the maximum permitted height of existing buildings should be increased by at least three metres.

    The increase in height would make it possible to build flats without building over existing green spaces. Areas with protected townscapes or listed buildings are to be excluded.

    The FDP points out that similar proposals have already been implemented in Geneva since 2008. The FDP City of Zurich is currently collecting signatures for its municipal popular initiative “More living space by adding storeys – neighbourhood-friendly and sustainable”. The FDP Switzerland submitted a 6-point plan against the housing shortage in 2023. It also proposed increasing the utilisation rate by adding storeys to buildings, among other things.

  • Ina Invest completes merger and increases market capitalisation

    Ina Invest completes merger and increases market capitalisation

    Ina Invest Holding Ltd has successfully completed the merger with its subsidiary Ina Invest Ltd announced in February. The Annual General Meeting of Ina Invest Holding Ltd approved the plans to simplify the company structure through a merger on 3 April, the real estate company announced in a press release. In future, the company will operate under the name Ina Invest Ltd.

    The merger also resulted in an increase in market capitalisation. To this end, 6,808,238 new registered shares were listed on the SIX Swiss Exchange. This increased the share capital by around 40 per cent to CHF 282 million.

    The shareholding structure has not changed as a result of the increase in market capitalisation. Implenia Ltd remains the main shareholder with a 41.1 per cent stake in Ina Invest Ltd. The second largest shareholder is BURO Holding AG with 15.7 per cent of the shares. The MV Immoxtra Switzerland real estate fund, Swiss Life Holding Ltd and the RoPas (CH) Institutional Fund each hold more than 3 per cent of the shares in Ina Invest Ltd.

  • Markus von Gunten joins the management of the Admicasa Group

    Markus von Gunten joins the management of the Admicasa Group

    As part of its ongoing expansion and commitment to quality and comprehensive expertise, the Admicasa Group has announced a significant recruitment. Markus von Gunten, founder of von Gunten Baumanagement AG and its successful director until the end of 2020, has been appointed a member of the Executive Board by the Board of Directors of Admicasa Holding AG. This decision underlines the Admicasa Group’s endeavour to further expand its leading position in the construction sector and strengthen the interdisciplinary solutions it offers its customers.

    Von Gunten, whose company has planned and realised projects with a total value of over one billion Swiss francs during his time at the helm, brings extensive expertise and high quality standards to the company. Since the takeover of his company by the Admicasa Group, von Gunten has been Chairman of the Board of Directors of Admicasa Bauwerk AG and has already made a significant contribution to strengthening the construction segment in this role.

    Serge Aerne, Chairman of the Board of Directors of the Admicasa Group, emphasises that the integration of Markus von Gunten into the Executive Board is strategically important for the further development of the company. Aerne emphasises that von Gunten’s 40 years of experience and his extensive knowledge of the property sector are a valuable asset to the team and will make a decisive contribution to achieving the Group’s goals in terms of growth, quality and customer satisfaction.

    With this move, the Admicasa Group is sending a clear signal that it will continue to rely on strong leadership and deep industry knowledge to consolidate its position in the market and expand its services beyond the boundaries of the traditional property business. The appointment of Markus von Gunten underlines the Group’s commitment to excellence and innovation in an ever-changing market.

  • Prices for luxury properties reach their zenith

    Prices for luxury properties reach their zenith

    Luxury properties in Switzerland were on average 2 per cent more expensive in 2023 than in the previous year. This means that the rapid rise in prices in the luxury segment is coming to an end after peaking at 10 per cent in 2022, writes UBS in a press release. The experts at the major bank attribute the slowdown in the market to the weak economy and the strong Swiss franc.

    “Advertised properties are attracting fewer potential buyers, who are increasingly questioning the price,” UBS property economist Katharina Hofer is quoted as saying in the press release. “If sellers are under time pressure, they may have to accept discounts.” For the current year, Hofer expects prices for luxury properties to fall by a low single-digit percentage year-on-year.

    In terms of location, St. Moritz GR leads the rankings with prices per square metre of over CHF 42,000. In municipalities with a high proportion of luxury properties in Geneva or on Lake Zurich, prices per square metre start at CHF 25,000. Established luxury locations such as St. Moritz, Gstaad BE and Verbier VS have formed the top group of the most expensive Swiss municipalities for a good ten years.

    In the canton of Zug, on the other hand, UBS experts have identified a remarkable increase in prices in the municipalities analysed over the past ten years. According to UBS, this shows “how attractive the low-tax strategy has made the location for some time now, particularly for people with high incomes and assets”. In Andermatt, the availability of numerous high-priced properties has led to the municipality in Uri being increasingly perceived as a luxury destination.

  • 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.

  • Three companies move into QUBO

    Three companies move into QUBO

    QUBO welcomes three new companies. CES Bauingenieur AG, werkunion and Orfida Treuhand + Revisions AG moved into the Obwalden work centre in March. QUBO consists of two interconnected buildings and is owned by Obwaldner Kantonalbank(OKB), the Eberli Group, Orfida and werkunion. OKB has set up its Innovation Lab on the top floor of the new QUBO 17 building. The Eberli Group moved into its remodelled and expanded headquarters in the existing QUBO 15 building in January.

    Orfida Treuhand + Revisions AG moved into the Obwalden workspace at the beginning of March, coinciding with the company’s 40th anniversary. “The move to QUBO is more than just a change of location,” reads a corresponding press release from QUBO. “The modern and innovatively designed office space offers optimal working conditions that not only increase Orfida’s attractiveness as an employer, but also bring a ‘super flow’ to the team.”

    With werkunion moving in, all five companies of the umbrella brand will find a new home in Sarnen. In future, general planning, architecture, interior design, specialist planning and brand design will all operate in QUBO. “We are proud to be part of this pioneering project and look forward to breaking new ground together with everyone at QUBO and shaping the future of entrepreneurship in Obwalden,” said Roli Scherer, architect and head of werkunion, in a further press release from QUBO.

    The new trio of tenants is completed by CES Bauingenieur AG. Headquartered in Nidwalden, the company has also been represented in Sarnen since 1983. According to the press release, CES Bauingenieur AG intends to offer its employees an attractive office structure and culture at QUBO.

  • Urdorf municipal council approves framework for energy network

    Urdorf municipal council approves framework for energy network

    Energie 360° is planning an energy network in Urdorf based on CO2-free energy sources. The municipal council decided on the framework conditions for the implementation at its meeting on 26 February, as detailed in a press release. The energy network includes the suitability areas of Zentrum and Oberurdorf, as identified in the municipal energy plan. This is intended to support the desired transformation from fossil fuels to climate-friendly energy sources for heat production and thus the “net zero 2050” target.

    The planned plant will produce heat using sustainable energy sources such as burning wood chips, thereby reducing the environmental impact by around 4,000 tonnes of CO2 per year. The existing natural gas network is to be replaced in the medium term on the basis of Energie 360°’s transformation strategy. The first connections are planned for autumn 2026, according to the press release.

    The municipality of Urdorf’s involvement in the realisation of the planned district heating network is limited to the granting of a long-term building lease on part of the municipality’s own “Lätten” property for the construction of the necessary energy centre with an energy storage facility and permission to use public land. The realisation, financing and operation will be carried out entirely by Energie 360°, the statement continues. The municipality bears no entrepreneurial risk.

    Any realisation of the energy centre on the municipality’s own land will be based on a building lease to be granted to Energie 360°. The municipal council has approved this contract for an initial term of 50 years in accordance with the authority regulations of the municipal ordinance and cantonal requirements.

  • Alternative location for energy centre in Zurich

    Alternative location for energy centre in Zurich

    The feasibility study conducted by the Swiss Center of Applied Underground Technologies in collaboration with Amberg Engineering AG, Rapp AG and experts from ETH Zurich and Lucerne University of Applied Sciences and Arts has confirmed that there are underground locations in Zurich that are suitable for an energy centre. The focus is particularly on the construction of a cavern beneath the ETH machine laboratory. The disused Latentunnel could be used as an access shaft to ensure access without serious emissions.

    It would also be possible to use the Latvian tunnel as a location for a heat storage facility. According to the HSLU experts, all of CoolCity’s CO2 emissions could be avoided in this way. This would enable the city to achieve its climate targets more effectively than with the Selnau site, where the combustion of gas is planned to compensate for peak loads and excess heat would have to be discharged into the Limmat.

    An underground site also has advantages in terms of rapid realisation and costs. In contrast to the Selnau site, the location under the ETH does not require any permits from the monument protection authorities and minimises the impact on the groundwater. The SCAUT engineers estimate the additional costs for the construction of an energy centre at CHF 15 to 30 million compared to the Selnau substation, plus around CHF 20 million for a heat storage facility. However, this is offset by the advantages of a large above-ground building that can be used for decades, as well as the climatic and environmental benefits of an underground structure.

  • HWZ teaches artificial intelligence in the property sector

    HWZ teaches artificial intelligence in the property sector

    The new MAS Digital Real Estate Management HWZ course at the Zurich University of Applied Sciences(HWZ) is designed to provide further training in the opportunities that process optimisation offers the real estate sector. The part-time continuing education programme is aimed at managers and specialists in real estate management.

    In a press release, study director Dr Peter Staub points out that the real estate sector is still lagging behind almost all other sectors in terms of digitalisation, “in some cases significantly”. The entire sector would be “well advised to adapt new technologies now and quickly catch up in terms of digitalisation and AI”. Otherwise, relevant cost and earnings optimisation and a clear strategy against the shortage of skilled workers “can hardly be achieved”.

    Artificial intelligence is the key to modernising the industry, Markus Streckeisen is quoted as saying. He has overall responsibility for real estate products at the HWZ and is head of the existing MAS in Real Estate Management HWZ programme. “Data management, platform solutions and automation steps reduce running costs and drive innovation,” including in terms of sustainability and the circular economy.

    The programme, which can be booked in three modules, focuses on smart business models, data-based value creation and sustainable lifecycle management. Collaborations with lecturers from universities such as the University of St.Gallen and the Swiss Federal Institute of Technology in Zurich are planned. Start date is September 2024.

  • Reinforcement for the jury of the Real Estate Awards

    Reinforcement for the jury of the Real Estate Awards

    In autumn 2023, jury members Stephan Lüthi and Peter Staub decided to step down. The panel is now complete again: Anita Horner and Gaétan Kameni join long-standing Real Estate Award jury members André R. Spathelf, Karin Aeberhard and Daniel Löhr.

    Anita Horner worked at Immoveris and Swiss Prime Site Solutions, among others, before moving to Cardis Sotheby’s International Realty. In 2021, she set up her own business and founded Immo Solutions Atelier, a company specialising in property marketing. Anita Horner was also President of Wipswiss for four years and is currently President of the property information platform Immoday.

    Gaétan Kameni is Head of Finance & Services in Asset Management Real Estate at Zürcher Kantonalbank. He has over 20 years of professional experience in property investment management. Before joining ZKB, Gaétan Kameni worked at Losinger Marazzi, Mobimo and as Head of Real Estate at PKE Vorsorgestiftung. He holds degrees in architecture and business administration as well as a Master of Science in Real Estate (CUREM).

    Mara Schlumpf, Managing Director of Real Estate Award AG, is delighted with the prestigious addition: “With Anita Horner and Gaétan Kameni, we have been able to attract two exceptionally qualified and knowledgeable jurors for the Real Estate Award, which makes me very proud. I am looking forward to working with the newly composed jury and would like to thank the former jurors Stephan Lüthi and Peter Staub for their valuable commitment.”

    Companies have until the end of May to submit their projects for this year’s edition of the Real Estate Award. The projects will then be submitted to the jury, which will nominate three companies per category.

    Contact: Mara Schlumpf / mara.schlumpf@realestateaward.ch

  • Revaluations reduce Fundamenta Real Estate’s profits

    Revaluations reduce Fundamenta Real Estate’s profits

    Fundamenta Real Estate has maintained its net actual rental income for 2023 at the previous year’s level of CHF 41.0 million, the Zug-based real estate company announced in a press release. At the same time, the vacancy rate was reduced from 1.6 to 1.3 per cent. Revaluations in the property portfolio reduced net profit from 22.3 million francs in the previous year to 8.3 million francs in the reporting year.

    Excluding revaluations, however, net profit was 2.3 per cent higher than in 2022 at CHF 20.3 million. Fundamenta Real Estate attributes this primarily to a year-on-year reduction in administrative expenses of 20.6 per cent and lower income taxes. At CHF 10.0 million, impairments also accounted for only 0.8 per cent of the volume of the property portfolio. The portfolio was valued at CHF 1.20 billion at the end of 2023.

    “Despite a significantly changed market environment with significantly higher interest costs and ongoing developments in the portfolio, we have demonstrated our operational profitability and stability,” said Andreas Spahni, Chairman and Delegate of the Board of Directors of Fundamenta Real Estate, in the press release. “We also see opportunities to further expand our portfolio, which is already highly sustainable and value-preserving, in order to continuously improve our earnings structure.”

    The shareholders of the property company are to participate in the profits with a dividend of CHF 0.55 per share. The necessary distribution totalling CHF 16.5 million corresponds to 81.3 percent of net profit excluding revaluation.

  • CSS expands headquarters with Diener und Diener Architekten

    CSS expands headquarters with Diener und Diener Architekten

    The jury of an architectural competition organised by the CSS Group has unanimously decided in favour of the design by Diener und Diener Architekten. According to a press release, the Basel-based architecture firm has been commissioned to expand the CSS headquarters of the health, accident and property insurer in the city of Lucerne. A commercial building on Tribschenstrasse, which CSS purchased in 2015, is to be integrated into the project.

    A total of ten designs were submitted. “Lambris”, says CSS CEO Philomena Colatrella, “embodies urban elegance and best fulfils the architectural, heritage and functional requirements”.

    Originally, CSS had wanted to demolish the commercial building designed by Lucerne architect Carl Mossdorf. However, together with conservation and planning organisations, it finally agreed to preserve it. Now it is to be restored to as original a state as possible.

    In the design by Diener und Diener Architekten called Lambris, the historic building is enclosed by the new building. According to CSS, the winning project connects the different streets and squares and thus blends seamlessly into the cityscape. A bistro open to the public is to be created on the ground floor.

    The building application for the “urgently needed” office building is due to be submitted in the fourth quarter of this year. Provided no appeals are lodged against the building permit, the new building is scheduled to be occupied in the first half of 2027.

  • Innovative school project on the former barracks site in Les Vernets

    Innovative school project on the former barracks site in Les Vernets

    Construction work has begun on the school complex, which will play a central role in the social fabric of the emerging residential neighbourhood. The “Emile” project by the renowned architecture firm Liechti Graf Zumsteg (Aargau) was selected as the winner of the 2019 architecture competition. The innovative design of the school building, which presents itself as an open and inviting space, will aim to create an atmosphere of sharing and community.

    The building will not only function as a school, but also as a public facility open to the entire community. It will provide spaces for various activities such as canteen, play and sports facilities, which will be accessible via galleries and passages on the transparently designed ground floor.

    The centrepiece of the school building will be on the first floor, where classrooms will be arranged around a spacious central room that will provide space for additional learning activities. The architecture of the building will be characterised by gabled roofs equipped with photovoltaic panels to meet the school’s energy needs and improve climate comfort.

    The importance of this project for the development of the neighbourhood is emphasised by Frédérique Perler, Head of the Department of Spatial Planning, Construction and Mobility, and Christina Kitsos, Vice-President of the Board of Directors, who stress the importance of social cohesion and community development.

    The outdoor areas of the school will be carefully designed to provide pleasant and functional spaces for students and the community. The schoolyard will be organised by existing trees and complemented by new planting, while wide avenues and green spaces will create a welcoming environment.

  • Bodmer and Giraudon lead Helvetica into the future

    Bodmer and Giraudon lead Helvetica into the future

    Marc Giraudon, aged 55 and after an intensive familiarisation period, is confirmed as CEO by Helvetica’s Board of Directors. The planned change of leadership, originally scheduled for 1 July 2024, will now take place much earlier thanks to an efficient transition phase. Hans R. Holdener, founder and former Co-CEO, is retiring from the operational business after 17 years, but will remain active as a member of the Board of Directors of Helvetica Property Group AG.

    Following a decade under the chairmanship of Hans Ueli Keller, he will step into the role of Vice Chairman, while Peter E. Bodmer will take over as Chairman. The change, which will take effect after the Annual General Meeting at the beginning of May 2024, reflects Bodmer’s extensive expertise in the finance and real estate sectors, underpinned by more than 25 years in management roles in various industries.

    Hans Ueli Keller emphasises the confidence in the new leadership: “We look forward with confidence to Marc Giraudon’s leadership and the expertise of our team. We would like to thank Hans R. Holdener for his services and welcome Peter E. Bodmer as the new Chairman of the Board of Directors.”

    Peter E. Bodmer is motivated: “As the new Chairman, with my many years of experience on the Board of Directors, I look forward to mobilising our strengths for the future of Helvetica. An exciting journey awaits us with Marc Giraudon and our dedicated team.”

    Marc Giraudon is optimistic about his new role: “I am ready to use my experience to further develop Helvetica and establish it as a stable, trustworthy partner in the property sector. I would like to thank Hans R. Holdener for the smooth handover and for the support of our talented employees and the Board of Directors.” Hans R. Holdener recognises the transition: “The handover of the management role to Marc Giraudon marks a decisive step in leading Helvetica into a new era. His enthusiasm and expertise are exactly what our company needs. It has been an honour to lead Helvetica and I am proud of our successes together.”

  • Graubünden Building Authority submits planning application for university of applied sciences

    Graubünden Building Authority submits planning application for university of applied sciences

    The Graubünden University of Applied Sciences is to receive a new university of applied sciences centre at the Pulvermühle site in Chur. The cantonal building construction office submitted the digital building application to the city of Chur on 12 March, exactly one year after the project was approved by the Grisons electorate. “By submitting the building application for the university of applied sciences centre, we have taken another important step,” said cantonal architect Andreas Kohne in a government statement.

    The building construction office expects a decision from the city in the course of the summer. Demolition work on the site will begin in spring. The official ground-breaking ceremony is scheduled for late autumn 2024. If everything goes as planned, the University of Applied Sciences Centre will start operations in 2028.

    The UAS centre will provide space for 2,000 students and 300 employees. Today, the University of Applied Sciences Graubünden teaches in nine buildings at five locations. A total of 178 million Swiss francs will be invested in the project.

    The new building will be constructed by the Partenaris general planning team under the direction of Zurich-based Giuliani Hönger Architekten, who won the project competition in 2021. Local timber will also be used for the construction. The timber has already been felled in a total of 34 Grisons municipalities and is now being processed in eight sawmills in the canton.

  • Swiss Prime Site takes over Fundamenta’s property division

    Swiss Prime Site takes over Fundamenta’s property division

    Swiss Prime Site is acquiring the property asset manager Fundamenta Group. Fundamenta Group (Schweiz) AG from Zug and Fundamenta Group Deutschland AG from Munich are to be integrated into the asset management division Swiss Prime Site Solutions, the Zug-based property company announced in a press release. The two companies have agreed not to disclose the purchase price. Asset manager Belvédère Asset Management AG, which also belongs to the Fundamenta Group, will remain unaffected by the takeover.

    The takeover will increase Swiss Prime Site’s property assets by CHF 4.2 billion to around CHF 13 billion. This will create “by far the largest independent Swiss property asset manager”, writes Swiss Prime Site. The Zug-based real estate company intends to finance 25 percent of the purchase with shares from authorised capital and 75 percent from freely available funds.

    With the acquisition, Swiss Prime Site aims to expand its own investor base, deepen its product offering, particularly in the residential sector, and open up access to the German property market for its Swiss clientele, explains CEO René Zahnd in the press release. “We are thus continuing to pursue our focussed real estate strategy and substantially strengthening the asset management arm of Swiss Prime Site Solutions,” said CEO Swiss Prime Site.