immo!nvest – Die Plattform für Standorte und Immobilien

Tag: immobilien

  • Study sees significantly higher potential for wind energy

    Study sees significantly higher potential for wind energy

    Switzerland could generate significantly more electricity from wind energy than previously assumed. According to a study by the Bern-based company Meteotest on behalf of the Swiss Federal Office of Energy ( SFOE ), wind turbines could produce 19 terawatt hours in the winter months alone, according to a press release from the SFOE. In a previous study from 2012, the scientists had assumed 3.7 terawatt hours per year. For comparison: Switzerland consumed a total of 58.11 terawatt hours of electricity in 2021.

    With 17.5 terawatt hours, most of the potential lies in the Central Plateau. In the Jura arc and in the large Alpine valleys together, more than 7.8 terawatt hours could be produced per year, in the Alpine region over 4.2 terawatt hours.

    Both political conditions and technology have evolved since the last study. Today's wind turbines are taller, have larger rotors and produce much more than older systems. In addition, more areas such as forests and areas in the Federal Inventory of Landscapes and Natural Monuments ( BLN ) are eligible "with the recognition of national interest for wind farms". However, they are subject to higher demands on wind energy production.

    "Even a partial expansion of 30 percent of the total wind energy potential – which corresponds to around 1000 wind turbines – could make a significant contribution to a more secure electricity supply in Switzerland and to reducing dependence on foreign countries," says the press release.

    Inhabited areas with a buffer of 300 meters, protected landscapes such as moors, national parks and biotopes as well as secret facilities of the Federal Department of Defence, Civil Protection and Sport were excluded from the calculation.

  • Lonza is expanding in Basel

    Lonza is expanding in Basel

    Lonza AG is expanding its operational headquarters in Basel, which has been located on the Lindenhof site since 1962, the cantonal administration of Basel-Stadt informs in a press release . Two more high-rise buildings are to be built in the vicinity of the existing Lonza high-rise building, which is under a preservation order. In addition to commercial and service areas that are required by Lonza, apartments "for different needs" are also planned, according to the statement.

    The extension buildings are intended to “develop the area into a green, mixed-use and publicly accessible district component of the St. Alban district,” writes the canton administration. The edge of the park is to be preserved and planted with more trees. Grounds previously sealed by parking lots and tennis courts will be "upgraded and greened in terms of biodiversity and climate compatibility".

    The plan requirement for the necessary change to a development plan from 1991 that was never implemented can be viewed at the cantonal building and transport department until September 30th. On September 6, Lonza also wants to provide information about the project itself from 6 p.m. in the Hotel Victoria.

  • UBS works with Climeworks and neustark

    UBS works with Climeworks and neustark

    UBS has entered into a long-term collaboration with Climeworks and neustark . According to the UBS press release , the two cleantech companies are to permanently remove a total of 39,500 tons of CO2 from the atmosphere for the bank. The agreement has a term of 13 years. It is intended to give Climeworks and neustark planning security and make a contribution to UBS's net-zero goal by 2025.

    Both Climeworks and neustark are spin-offs from the Swiss Federal Institute of Technology in Zurich . Both are dedicated to permanently removing CO2 from the air, but with different methods.

    Zurich-based Climeworks is now one of the so-called unicorns with a market capitalization of over CHF 1 billion. The company captures CO2 from the air at its Orca facility in Iceland, powered by renewable energy. It is then stored underground in basalt rock for thousands of years using the Carbfix method. Orca is the largest carbon capture and storage facility in the world.

    Neustark from Bern permanently stores the CO2 extracted from the air in recycled concrete. The concrete granulate enriched in this way allows the cement content in fresh concrete to be reduced and improves its climate balance by around 10 percent. This enables neustark to produce what it says is the most climate-friendly concrete in Switzerland.

    "With this commitment, UBS shows its pioneering role in the area of climate protection and hopefully inspires others to follow this example," said Valentin Gutknecht, co-founder and co-CEO of neustark. "Long-term off-take agreements are an important prerequisite for the much-needed expansion of carbon capture technologies."

  • 11th Immo-Boat Event on Lake Zurich

    11th Immo-Boat Event on Lake Zurich

    As a guest speaker, André Krause, CEO of Sunrise, gave an insight into the complexity of telecommunications and the challenges for the future. The event was again moderated by Monika Schärer.

  • Common cause with intelligent mandate access solution

    Common cause with intelligent mandate access solution

    In practice, a change of property management involves a number of pitfalls when it comes to handing over the extensive dossiers. Especially when the new administration works with digital dossiers, this involves a great deal of manual effort. Because the documents available in paper form or as PDFs have to be transferred from the old administration to the company's own filing structure. Digitally available documents are often even printed out and scanned in again in order to then be sorted, reorganized and re-cataloged. The mandate access solution, which was developed jointly, covers the entire process from any scanning to the automatic classification and keywording of the documents to the targeted transfer to the digital archive.

    Artificial intelligence as a core component
    At its core, the mandate access solution consists of a logic based on artificial intelligence, which was trained in advance for the property-specific documents and the administration's own filing structure. With the mandate access solution, each mandate access is now smoothly and quickly transferred to the designated target system. Due to the high degree of automation, a cumbersome and tedious process can now be implemented very leanly and largely automated. The work preparation for the scanning can be reduced to a minimum, which leads to valuable time savings.

    «With the new mandate access process, we have solved a fundamental problem in management together. It doesn't matter whether the documents are handed over in physical or digital form, we now have a simple and smart solution for transferring all documents to the audit-proof archive in the form we want, automatically and with practically no manual effort," explains Martin Frei, Chief Digital Officer at VERIT Immobilien AG.

    Significant added value for the industry
    Since digital access to mandates is a major problem throughout the industry and there is still no automated end-to-end solution on the market, the two companies are also launching digital access to mandates for third parties, which makes the established mandate access solution available to all other industry participants as a service puts. The industry can thus benefit from the preparatory work that has been done and manage its own mandate access – whether analogue, digital or hybrid – with the same solution in the future. This is added value for the entire industry and closes a gap that is currently still wide open and is becoming more and more relevant the more administrations also keep digital dossiers.

    Stefan Röösli, Account Manager Real Estate at Arcplace: «In this project, together we were able to combine advanced technologies into an overall solution. The AI technologies are not only used as buzzwords, but also concretely and as a central component for an everyday process. We are convinced that this solution can make life easier for the real estate industry.»

  • Creating livable buildings of the future with foresighted planning

    Creating livable buildings of the future with foresighted planning

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

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

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

  • Graubünden gets a new tourist center in Sedrun

    Graubünden gets a new tourist center in Sedrun

    Andermatt Swiss Alps AG intends to invest on the Graubünden side of the Oberalp Pass for the first time: in a unique location at the end of the valley in Sedrun/Dieni, 13 buildings with 410 hotel rooms are to be built on the site of today’s car park opposite the Dieni valley station of the Andermatt-Sedrun SkiArena by 2027 develop. Of these, 204 hostel and 206 double and triple rooms are planned. 119 additional residential units are for sale and are managed for tourism. The units vary in size from the studio to the 5.5 room apartment. Resort Dieni Development AG, which is owned by Andermatt Swiss Alps AG (ASA), has submitted a planning application for this.

    "The Dieni resort is a pioneering project that sets new standards in the region and in the canton of Graubünden," says Raphael Krucker, CEO of Andermatt Swiss Alps AG. A total of 1,800 beds are planned – as well as 478 parking spaces, 150 of which are available for guests of the SkiArena Andermatt-Sedrun. The resort also includes three restaurants, two bars, various retail areas and leisure facilities such as spa, bowling, bouldering, cinema, fitness and gaming. "Andermatt Swiss Alps AG is investing CHF 170 million in this," continues Raphael Krucker. The number of hotel beds in Surselva has increased by over 20 percent.

    With the Resort Dieni, the tourist offer in Sedrun is supplemented in the direction of inexpensive apartments and hotel rooms geared towards families/groups. The resort is designed for young families and groups. With ski-in/ski-out and the alpine experience on the mountain in Dieni/Sedrun, a new tourist center is being created in the canton of Graubünden. Mayor Martin Cavegn: “This major project is a milestone for the community of Tujetsch and the whole of Surselva. In order to be able to keep up with the competition, new hotels and managed holiday apartments are needed.»

    The new part of the village will be embedded in a spacious landscape with a view down the valley and into the mountains. The location directly on the year-round train connection Chur-Andermatt and the most modern and largest ski area in the Gotthard area as well as the year-round accessibility by road make the location unique. In addition, the municipality is creating a bus connection between Sedrun and Dieni.

    For the Dieni resort, the aim is to build and operate as sustainably as possible. This includes the choice of sustainable materials, but also state-of-the-art operation. The resort is CO 2 neutrally heated by a wood pellet heater; 50 percent of the roof area will be equipped with 1,500 m2 of photovoltaics. The developer is Resort Dieni Development AG (RDD) owned by Andermatt Swiss Alps AG (ASA), and the operator is also ASA or its partner company from the Orascom Group, Orascom Hotel Management. A third party as a joint venture partner is conceivable.

    Andermatt Swiss Alps AG will invest around CHF 350 million in its core business of real estate and tourism infrastructure over the next few years in order to implement the vision of "The Prime Alpine Destination". In addition, 149 million Swiss francs will be spent from the partnership with Vail Resorts, Inc. With their many years of experience in developing ski areas, the guest experience on the mountain is improved with new lifts, additional snowmaking and new restaurants.

  • 40 years on the grid – Europe's first photovoltaic system in Switzerland

    40 years on the grid – Europe's first photovoltaic system in Switzerland

    Ticino Solare was installed on the roof of a technical college building near Lugano. On May 13, 1982, the south-facing facility supplied power to the grid. The installed power: 10 kWp. That was unusual at the time. Later the panels were transferred to another building.

    The condition, quality, color and performance of the solar cells were regularly checked and measured. An investigation after 35 years of operation came to the conclusion that the cells are showing signs of wear – keywords are corrosion, burned areas (hot spots), cracks in the cells or defective connection cables. But: The majority of the modules still worked well and still delivered at least 80 percent of the power overall. Manufacturers of solar panels usually guarantee a service life of 25 to 30 years.

    Energeiaplus asked Mauro Caccivio what makes TISO-10 special. Caccivio heads the photovoltaics laboratory at the Ticino University of Applied Sciences SUPSI. "It's absolutely amazing. Looking at the black and white photos from back then and considering the technological advances that have been made since then, you can understand how visionary the project was and how courageous the team behind it was. TISO was important for the subsequent massive spread of solar energy: right from the start of its industrial phase, photovoltaic technology was able to return the energy required for the production of solar modules to the power grid many times over. This is crucial to minimize the impact on the environment and nature, and this is even more true today given the tremendous evolution we are witnessing,

  • GLKB launches new version of the Hypomat

    GLKB launches new version of the Hypomat

    The Glarner Kantonalbank ( GLKB ) has added additional functions to its online mortgage Hypomat and made the user interface more intuitive, as a press release reveals.

    When it was launched in 2012, GLKB's Hypomat was the first digital option for taking out mortgages in Switzerland. According to the announcement, transactions with the online platform have become well established and, for the benefit of customers, were technically and visually renewed to mark the tenth anniversary. Thanks to intuitive user guidance, a mortgage can be taken out online in just a few steps, even more conveniently.

    The home page shows the various financing options for a home and provides support with illustrations from practical life situations. The new design should look fresh and modern. As a regionally anchored universal bank, GLKB is reacting to the increasing requirements for a real online mortgage with the relaunch in order to be able to meet customer requirements even better.

  • Electricity tariffs 2023 also CKW must increase

    Electricity tariffs 2023 also CKW must increase

    In the past twelve months, global energy prices have risen massively. Electricity prices on the market have increased tenfold. In addition to the war in Ukraine, the main drivers are the after-effects of the corona pandemic and a lower availability of foreign power plants. These price increases lead to higher electricity procurement costs. In addition, there are also significantly higher costs for the national grid company Swissgrid for the transmission grid.

    As a result, CKW's energy and grid tariffs will increase in 2023, as will most energy suppliers in Switzerland. For a private customer with a medium power consumption, this results in an increase in the additional costs of around CHF 23 per month, for SMEs in the basic service with a medium power consumption they amount to around CHF 500 per month.

    The regulatory requirements require that both the company's own production and the procurement of electricity on the market are included in the price calculation. In times of rising market prices, this leads to higher tariffs. When market prices are low, this has a positive effect on electricity customers.

    The production of solar power is more worthwhile than ever
     On the other hand, the high prices are having a positive effect on solar power producers. Because the electricity fed into the grid is remunerated according to the SFOE reference market price, which is based on the market price. In the first half of 2022, this averaged 23.0 centimes per kilowatt hour. For comparison: two years earlier it was 3 centimes per kilowatt hour. The revenue from solar power has thus increased eightfold. An average 15 kWp solar system on the roof of a family home will generate an additional yield of over CHF 2,000 per year. The production of solar power is currently more worthwhile than ever.

    Current developments show how dependent Switzerland still is on other countries. The expansion of renewable energies is key to becoming more independent as a country.

    Tips for saving electricity
     With simple measures you can reduce your own electricity consumption and thus also the costs.• The generation of heat is one of the largest electricity consumers. It is therefore worth setting the heating correctly: in the living room to 20 degrees, in the bedroom to 16 degrees. You save 6 percent on heating costs for every degree lower in temperature.• Washing dishes in a full machine uses half as much energy as by hand.• Showering with water-saving attachments saves up to 50 percent water – and therefore also a lot of energy for hot water preparation.• Showering instead of bathing saves around 70 liters of water – or 65 centimes per shower.• Switching off the light when you don't need it is always worthwhile – even if it's only for a short time.• In Swiss households, around 10 percent of electricity is wasted, especially when it's not used through standby consumption. It is worth turning off devices such as TVs, game consoles, coffee machines, etc. when they are not in use. For example, with a socket strip that can be switched off.• Heating water in a kettle instead of in a pan uses about half as much energy.• Replacing conventional light bulbs or energy-saving lamps with LED lights can significantly reduce consumption.

    Source and other electricity saving tips www.ckw.ch/energiespartipps

  • Material prices dampen growth in the construction industry

    Material prices dampen growth in the construction industry

    More is being built in Switzerland again: In the second quarter of 2022, sales in the main construction trades rose by around 6 percent year-on-year to CHF 6.1 billion. Incoming orders meanwhile increased by 12 percent to 6.4 billion Swiss francs. The figures come from the current construction index of Credit Suisse and the Swiss Builders' Association ( SBV ).

    However, according to the report, the growth will be put into perspective by the “sharp price increases” for many building materials and a “significant increase” in energy and transport costs. For example, the prices of probation bars have risen by 87 percent and those of plastic pipes by 19 percent compared to the same quarter of the previous year. Meanwhile, diesel was around 45 percent more expensive in the second quarter of 2022 than a year ago.

    Because sales have risen less than costs, the already low profit margin of 2 to 3 percent has now fallen even further, according to the report. In addition, the SBV expects the Swiss National Bank to raise interest rates further by the end of the year. As a result, sales in the main construction trades are likely to grow more slowly in the medium to long term. In the short term, the report assumes an 8.9 percent increase in sales in the third quarter of 2022 compared to the same quarter in the previous year.

  • Surselva gets a test facility for wind and solar energy

    Surselva gets a test facility for wind and solar energy

    The Federal Office for Armaments wants to set up one of the first small wind and solar systems in Switzerland in the Alpine region next to the middle station of the former military transport cableway above Medel, armasuisse informs in a press release . The test system is intended to test “the suitability of a hybrid system for generating sustainable energy in alpine terrain”, it says there.armasuisse Immobilien has now submitted a corresponding planning application. It can be viewed from August 29th to September 28th at the Municipality of Medel.

    The planned small wind turbine with bifacial solar panels is scheduled to go into test operation next autumn. Armasuisse expects a yield of 27 megawatt hours per year for the wind turbine, for the wind flower the estimated annual yield is 35 megawatt hours. Based on the evaluations of the actual results planned for the fourth quarter of 2024, armasuisse wants to decide whether a total of nine hybrid systems will be installed in the La Stadrea area in Surselva. The location offers "good conditions both in terms of existing and no longer used infrastructure, as well as in terms of wind conditions and solar radiation," writes the Federal Office.

  • Halter moves into a new office in Kriens

    Halter moves into a new office in Kriens

    Halter AG and Wir sind Stadtgarten moved into their new office in Kriens on Thursday, August 25th. According to the press release , 30 employees from Halter AG and the housing cooperative work in the new, larger offices at Mattenhof station. Until now, the office was on the Allmend in Lucerne.

    The offices have been in use since April. The opening was celebrated on August 25th together with project partners and customers from Central Switzerland, according to a statement from Halter. On this occasion, Halter CEO Markus Mettler talked to handball star Andy Schmid from HC Kriens-Lucerne about the prospects for the region.

    As part of Halter's growth strategy in the region, the media release lists a number of projects that have been completed in recent years or are still being implemented. Reference is made to the Swissporarena and the Mall of Switzerland in Ebikon LU as well as to the PilatusTower project in Kriens, the Pilatus Arena, the Einsiedlerhof and the company campus ewl Areal in Lucerne.

    We are Stadtgarten, establishing ourselves in the region with cooperative projects such as the current one at Seetalplatz in Emmen. According to Halter AG, which has its headquarters in Schlieren, the expansion of the business location in Central Switzerland represents a consistent continuation of the corporate strategy in this region.

  • Switzerland's leading real estate company raises the bar

    Switzerland's leading real estate company raises the bar

    Swiss Prime Site reports a profit of CHF 267.4 million for the first half of 2022. In a year-on-year comparison, this corresponds to growth of 6.3 percent. With growth in cash flow (FFO growth) per share generated in the operating business of 7.2 percent, a vacancy rate reduced year-on-year from 4.7 to 4.4 percent and a real estate portfolio worth CHF 20 billion, the company has its own Targets for the year as a whole already achieved or even exceeded by the end of June, writes Swiss Prime Site in a press release . The real estate company is therefore increasing its targets for 2022.

    The value of real estate assets under management is expected to be more than CHF 20 billion by the end of 2022. Previously, the target range for the real estate portfolio was CHF 19 to 20 billion. The upper limit for the vacancy rate will be lowered from 4.6 to 4.4 percent.

    An operating result at EBIT level of around CHF 30 million is targeted for the Real Estate Funds division ( Swiss Prime Site Solutions ). So far, the bar had been between 27 million and 28 million francs. In the half year under review, Swiss Prime Site Solutions realized an EBIT of CHF 17.1 million.

    Overall, the Group's operating result in the first half of 2022 was CHF 198.8 million, down CHF 15.4 million on the same period of the previous year. Swiss Prime Site attributes this to lower sales successes compared to the previous year. However, operating income increased by 2.5 percent to CHF 378.9 million.

  • Construction company in the field of timber construction, carpentry and paving completes the overall renovation

    Construction company in the field of timber construction, carpentry and paving completes the overall renovation

    According to a media release , the Hächler Group has completed the complete renovation of an apartment building in Wettingen. The work involved numerous individual steps: restoration to the shell, adding a storey to the roof, changes to the floor plan and also new floors. And the insulation was also on the Bürgler AG agenda. For example, an 18 centimeter thick plastered external thermal insulation was installed on the facade.

    For some work, the experts from Bürgler AG were supported by their employees from other subsidiaries of the Hächler Group. Hächler AG has a new department called Complete Conversion. This has taken on numerous tasks in the overall project, so that carpentry, roofing, joinery and plate work could also be taken over by the Hächler Group.

  • Swiss construction, sales and operating company plans 1800 beds in the Surselva

    Swiss construction, sales and operating company plans 1800 beds in the Surselva

    At the Dieni valley station of the SkiArena Andermatt-Sedrun, a new tourist village is to be built by 2027. According to a press release , Andermatt Swiss Alps (ASA) intends to invest CHF 170 million in this area of the municipality of Tujetsch. This is the first time the company is planning a project on the Grisons side of the Andermatt-Sedrun winter sports area.

    The planned resort will include 13 sustainably constructed buildings with 410 hotel rooms of different categories. 119 additional residential units are for sale and are managed for tourism. A total of 1,800 beds are planned, as well as three restaurants, two bars, various retail areas and leisure facilities.

    The number of hotel beds in Surselva will thus increase by 20 percent. "This major project is a milestone for the municipality of Tujetsch and the whole of Surselva," said Mayor Martin Cavegn. There will be an information evening for the public on August 19th.

    With the Dieni resort, the tourist offer will be "supplemented in the direction of inexpensive apartments and hotel rooms geared towards families/groups", according to ASA. The client is Resort Dieni Development AG. It is a 100% subsidiary of Andermatt Swiss Alps. The company acts as operator with its partner company Orascom Hotels Management . The latter has offices in Altdorf UR and Cairo and belongs to the Egyptian Orascom group .

  • Energie 360° renovates its headquarters in Altstetten

    Energie 360° renovates its headquarters in Altstetten

    Energie 360° wants to convert and repair its headquarters at Aargauerstrasse 182 in Altstetten, which was built in 2003. The energy supplier, which is majority owned by the city of Zurich , is investing almost 28 million francs in this. In its capacity as client representative, the Office for Buildings of the City of Zurich has now submitted the corresponding building application, the city administration and energy company inform in a joint statement . They expect construction to begin next spring.

    The conversion work is intended to adapt the headquarters to the requirements of a modern working environment "with flexible and hybrid working concepts", according to the statement. For this purpose, the existing premises are to be redesigned “into an open office landscape” with correspondingly modernized building services. A large-scale photovoltaic system is planned for the facades and roof.

    After a "strategic review", the management of Energie 360° has given up on initial considerations of adding a new building to the existing building, the statement explains further. Instead, the existing building should be optimized "for an efficient and result-oriented working environment". Jessenvollweider Architektur from Basel is responsible for the architectural concept.

    By 2040, Energie 360° wants to switch its offer exclusively to energy from renewable sources. According to the announcement, the conversion of the headquarters is driving this “transformation of the company and enables targeted energy saving measures in our own operations”.

  • EWA-energieUri creates a new solar community

    EWA-energieUri creates a new solar community

    EWA-energieUri is realizing the Uri solar community in Schattdorf. As the Uri energy provider announced , it wants to set up a photovoltaic system on the roof of the Uri Foundation for Disabled Persons, in which interested private parties can also participate. They can now reserve individual square meters of the facility for a fixed price of CHF 339. In return, they receive solar power for over 20 years.

    The plant is to generate a total of 49,000 kilowatt hours of electricity per year on 260 square meters. That is 165 kilowatt hours per square meter, around 4 percent of the consumption of an average household. Commissioning of the plant is planned for spring 2023. Interested parties can already reserve their share at meinurstrom-sun.ch .

    "The Uri solar community is an attractive product for producing and purchasing solar power easily and easily, even without your own roof," Werner Jauch, CEO of EWA-energieUri, is quoted as saying in the press release.

  • Public voting SVIT AWARD 2022

    Public voting SVIT AWARD 2022

    The SVIT AWARD honors property management companies that have implemented innovative solutions for smaller or larger challenges in the management of rental properties or condominiums in the last three years. What is needed are exciting solutions that inspire SVIT members to question working methods, rethink processes, further develop business models or offer new services.

    The entries make it clear where the shoe pinches for managers: Increasing work volumes have to be managed more efficiently and difficult business areas have to be made more attractive. Changed customer needs must also be recognized and satisfied. The solution approaches are dominated by digitization projects that simplify processes, integrate systems, facilitate communication with customers and service providers or process big data in such a way that smart buildings can also be managed smartly.

    Even if the pandemic has done a lot in terms of digitization, innovation cannot simply be reduced to the introduction of new proptech solutions. Rather, the decisive factor is whether digitized work processes and information flows create measurable added value for employees, customers and service providers – and whether companies find ways to break the power of habit and to incorporate user needs as well as specialist knowledge and expertise into the development of technical solutions.

    The jury evaluated the entries based on three sets of questions: How innovative is the approach? How well can the effect be measured? And how easily can the solution be transferred and scaled? Solutions were shortlisted that have proven themselves in practice, make companies more competitive, and can inspire and advance the industry.

    The choice of the three candidates for the public vote was not easy, but it was unanimous. From August 10th to September 11th, SVIT members have the opportunity to vote for their favourites. The winner will be presented at the SVIT AWARD evening on September 26, 2022 at the Selnau power plant in Zurich.

    Smart buildings for user-oriented management: F. Hoffmann-La Roche AG
    Roche employs around 14,400 people in research, development, production, marketing and sales at three Swiss locations. The approximately 1 million [CB1] m 2 office, laboratory, production and logistics areas are managed in-house. The Digital & Site Engineering team has the task of optimizing buildings and sites for the two business areas Pharma and Diagnostics.

    As part of the Smart Building Initiative, Roche collects building and facility data that supports employees and service providers in their work and makes the company more attractive, efficient and sustainable. In order to prepare relevant information and decision-making bases for buildings with different degrees of automation, the Digital & Site Engineering team uses an open IoT (Internet of Things) platform and use cases that are developed with users.

    Thanks to the open architecture, sensors and actuators can be easily and inexpensively integrated into the IoT platform and linked to data from building management systems, WIFI access points, systems and devices. The information gained from this on the use of space, workplaces, technical systems and devices is visualized using use cases in apps or integrated into decision-making aids. The use cases cover a wide range of needs that not only connect buildings, but also tasks: employees are made easier to work together in agile teams. Those responsible for the location can optimize the space available or the use of space. FM knows when rooms need to be cleaned, and lab device asset tracking enables researchers to share expensive facilities and equipment.

    Many farmers struggle with not having enough data. With smart buildings, however, large volumes of data quickly become a challenge. Roche shows how Big Data enables smart management of business premises. The jury appreciates in particular that the Roche team does not simply focus on what is technically feasible. The insight that the added value is generated by end users and that technical innovations require a use case sharpens the focus on what is important, especially in complex digitization projects: the company's success. The jury appreciates that the approach not only makes property management companies more competitive, but also explicitly makes tenants more competitive.

    Making digitization as easy and convenient as possible: Certimo AG – Zurich
    Certimo AG is a small company with two locations in the canton of Zurich. Well-established teams with long-standing employees manage around 1,000 rental apartments and 100 condominium apartments. Even before the pandemic, the company started digitizing the management process and reorganizing processes.

    Thanks to a dedicated specialist and a boss with an affinity for technology, employees can now digitally process work steps from the tendering of rental properties and the selection of tenants to the signing of contracts and deposit payments. This allows the company to take on additional mandates. Employees can devote themselves to tasks and projects that were previously neglected in day-to-day business. Because digital filing and processes save the daily (detour) trip to the office, new employees can be recruited from a larger catchment area.

    Behind the success is not simply a proptech solution, but the willingness to try digital products, to actively support the further development of a promising solution with technical and specialist knowledge, and to make the introduction of new processes and functions in the company as easy and convenient as possible . Facilitations were demonstrated for step-by-step onboarding and new procedures were documented in concise checklists. A resource-saving rollout was made possible with the decision to completely digitize new business and the portfolio only in the event of changes. Building on the successes, the next digitization steps were planned.

    Digitization is not a sure-fire success: many experienced employees fear that supposedly innovative solutions will not prove themselves in practice, that innovations will make established processes more confusing and error-prone, or that switching to new systems will tie up too many financial and human resources. Certimo shows that a paradigm shift is possible thanks to a clear focus on user needs and results. The jury appreciates that Certimo, as a small company, not only advanced the digitization of management processes far-sightedly and anchored it organizationally with a light hand, but also actively supported the further development of a proptech solution in terms of content, thereby taking the entire industry one step further.

    Managing condominiums with less stress: H&B Real Estate AG
    H&B Real Estate AG is an SME that offers a wide range of real estate and transaction management services in the greater Zurich area. In the specialized condominium team, five employees take care of a portfolio of around 500 apartments [CB2] .

    In order to make condominium mandates more attractive and to relieve the team during the meeting season, the SME has adopted a proptech solution with which condominium meetings and the upstream and downstream processes can be digitized. Condominium owners can view documents independently and around the clock. Farmers can record agenda items throughout the year. Agenda lists can be easily compiled and distributed. Votes can be easily counted and decisions can be quickly logged. A ticketing system simplifies communication, in addition to owners, tenants can also be informed directly.

    H&B Real Estate AG entered into an innovation partnership with the developers in 2020 so that the software solution appropriately takes management needs into account. The cooperation ensured that management processes were mapped correctly and problematic media and system breaks were eliminated. Thanks to more efficient processes, the company was able to acquire additional mandates, thanks to better structuring of the meetings, larger meetings require less specialized staff, thanks to the task and order system, inquiries can be dealt with more quickly, the management of condominiums is not only more efficient overall, but also more transparent become.

    Condominium ownership is unpopular in the industry and often onerous during congregation season. With its innovation project, H&B Real Estate AG is signaling that the business area is important to it and that it wants to relieve the STWE team. Digitization simplifies processes, reduces misunderstandings and enables up-to-date communication with owners and their tenants. The jury recognizes that H&B Real Estate AG, with its innovation partnership, has provided important impetus for the development of a proptech solution that benefits the entire industry and helps to make the management of condominiums more attractive again, especially for young employees.

    Link to public voting (for SVIT members): www.svit-award.ch

    Voting from August 10 to September 11, 2022

    20 tickets for the award ceremony on September 26, 2022 at the Selnau power plant in Zurich will be raffled off among the participants.

  • Reddot Winner 2022 Swiss Pavilions at World Expo 2020

    Reddot Winner 2022 Swiss Pavilions at World Expo 2020

    A sea of fog for Switzerland
    The completely mirrored Swiss Pavilion attracted over 1.7 million visitors over a period of six months and was one of the top 5 most popular and "most instagrammable" buildings at this world exhibition, where around 200 countries were represented. The central showpiece in the pavilion was a real sea of fog in an artistically abstract mountain panorama. These refreshing wafts of mist in the pavilion were a sensation in the Dubai desert. The effect changed continuously for the viewer: inside and ideally brought out the magical Swiss mountain panorama.

    Poland – Inspired by Nature
    The iconic architecture of the Polish Pavilion at Expo 2020 Dubai translates the motif of a flock of migratory birds into a fascinating kinetic sculpture that welcomes the flow of visitors from the outside and accompanies them inside as a "narrator". A poetic approach that, as an easy-to-understand metaphor, reflects the richness of Polish nature as the main habitat of migratory birds. At the same time, migratory birds stand metaphorically for relevant topics from Poland such as mobility, sustainability, migration and cosmopolitanism – which fits perfectly with the EXPO motto "Connecting Minds – Creating the Future".

    Another confirmation
    “We are very proud that we received two Red Dot Awards from the international jury for our two pavilion projects. This spurs us on to continue to develop innovative, bold and outstanding designs,” says Iwan Funk. As Managing Partner of Bellprat Partner, he and his 15-strong team worked on the development of the Swiss and Polish pavilions for more than five years and oversaw the entire implementation on site in Dubai.

    Red Dot Design Award
    The Red Dot Design Award is one of the largest design competitions in the world. Participants can register in three disciplines: products, brands and communication projects as well as prototypes and design concepts. A jury meets annually for each award, which assesses the submissions individually and then decides on the award of the prizes.

    The Red Dot Design Award looks back on more than 60 years of history: A jury met for the first time in 1955 to evaluate the best designs of the time. That has remained the case to this day – this year with around 20,000 submissions. The award ceremony will take place on October 28, 2022 in Berlin.

    More information on the Red Dot Award 2022: www.red-dot.org

  • Patrimonium co-founder Stéphane Bonvin hands over participation to Christoph Syz and Daniel Heine

    Patrimonium co-founder Stéphane Bonvin hands over participation to Christoph Syz and Daniel Heine

    With this decision, the separation of the shareholders of two major players in the Swiss real estate market is completed.

    Stéphane Bonvin is CEO and majority shareholder of the Investis Group, which has also been listed on the SIX Swiss Exchange since June 2016. Founded in 1994, Investis Group is a leading real estate company in the Lake Geneva region and a national leader in real estate services.

    Patrimonium Asset Management AG, based in Baar and with offices in Lausanne/Crissier and Zurich, manages assets of CHF 4 billion (as of June 30, 2022), of which CHF 2.9 billion in the real estate sector and CHF 1.1 billion in the remaining private markets private debt, infrastructure and private equity.

    Christoph Syz: “We founded Patrimonium Asset Management together with Stéphane Bonvin 15 years ago and we can look back on a very constructive and successful collaboration. After Stéphane has not been operationally active at Patrimonium for several years, the purchase of his block of shares by me and Daniel is the logical step. We will continue the good cooperation between our two groups of companies and thank Stéphane for the joint success in building Patrimonium to date.”

    Stéphane Bonvin says: “Founding Patrimonium has allowed me to enter the institutional real estate business. Thanks to this success and the experience I have gained, I was also able to drive the Investis Group forward and also list it more than six years ago. I would also like to thank my colleagues for the excellent cooperation”

    Mr. Bonvin is also leaving the Patrimonium Board of Directors at the same time.

  • Gold für das Nachhaltigkeitsmanagement von Energie 360°

    Gold für das Nachhaltigkeitsmanagement von Energie 360°

    Seit über zehn Jahren ist Nachhaltigkeit im Kern der Unternehmensstrategie von Energie 360° verankert. Mit einem systematischen Nachhaltigkeitsmanagement setzt sich das Unternehmen anspruchsvolle Ziele und berichtet in ihrem Nachhaltigkeitsbericht transparent und nachvollziehbar über deren Erreichung.

    Die externe Bewertung von EcoVadis beweist nun, dass das Nachhaltigkeitsmanagement von Energie 360° weit fortgeschritten ist und seine Wirkung entfaltet. Jörg Wild, CEO von Energie 360°, zum Resultat: «Wir sind stolz darauf, dass unsere Massnahmen im Bereich Nachhaltigkeit bereits im ersten Rating mit der Goldmedaille ausgezeichnet wurden. Energie 360° hat sich zum Ziel gesetzt, bis 2040 ausschliesslich erneuerbare Energie zu liefern. Dazu entwickeln wir unser Nachhaltigkeitsmanagement laufend weiter und schaffen Transparenz.»

    Energie 360° erreichte in den bewerteten Bereichen Umwelt, Arbeits- und Menschenrechte, Ethik und nachhaltige Beschaffung total 69 von 100 Punkten. Die Bewertung spiegelt die Qualität des Nachhaltigkeitsmanagements wider und zeigt auf, zu welchen Themen bereits Richtlinien, Massnahmen und eine Berichterstattung über Kennzahlen etabliert sind. Die detaillierte Scorecard von Energie 360° kann über die EcoVadis-Plattform angefragt oder hier heruntergeladen werden.

    EcoVadis ist der weltweit grösste Anbieter von Nachhaltigkeitsratings und hat bereits über 90 000 Unternehmen bewertet. Die Methodik beruht auf internationalen Nachhaltigkeitsstandards und wird von einem wissenschaftlichen Gremium von Experten überwacht.

  • SVSM Award 2022: projects are nominated

    SVSM Award 2022: projects are nominated

    The Swiss Association for Location Management SVSM has been presenting the SVSM Awards annually since 2007. These are awards for particularly innovative projects in the areas of location marketing, location development and business promotion. 14 applications were received for this year's awards – from municipalities, cities and organizations from Lake Constance to Upper Valais. A jury evaluated these based on defined criteria and nominated the following six projects for the 2022 awards:

    • “Big Air Chur” city event – submitted by the city of Chur's business contact point

    • Conversion of the old spinning mill in Lichtensteig – submitted by the Stadtufer cooperative

    • "valais4you" project to promote the immigration of skilled workers –

    submitted by the regional and economic center of Upper Valais

    • Joint project "BIGNIK" to strengthen identification –

    submitted by REGIO Appenzell AR-St.Gallen-Bodensee

    • “Werkstadt Zürisee” to develop the Rütihof workplace area –

    submitted by the city of Wädenswil

    • Launch of the integrated location promotion for the Zurich Oberland –

    Submitted by the Zurich Oberland Promotion Association

    With the nomination, however, the applicants are not yet guaranteed an award: At the end of August, all nominees have the opportunity to present their projects to the jury. The jury consists of the following experts: Katharina Hopp, jury president and board member SVSM; ambassador dr Eric Jakob, Head of the Directorate for Business Promotion SECO; Pascal Jenny, President of Arosa Tourism; Karin Jung, Head of Office for Economy and Labor Canton of St.Gallen; Prof. Dr. Markus Schmidiger, Head of the Real Estate Competence Center

    University of Lucerne; Sonja Wollkopf-Walt, CEO Greater Zurich Area.

    The awards will be presented on Wednesday, November 2, 2022, as part of the hybrid conference "SVSM Dialogue Economic Promotion" in the Capitol cinema in Olten. Incidentally, the location manager of the year is also honored at this event.

  • Women's power for the energy transition

    Women's power for the energy transition

    Im Energiesektor ist der Frauenanteil seit jeher gering, in Führungspositionen erst recht. Die Bedingungen sind für Frauen schwieriger als für Männer. Das beginnt schon bei der Ausbildung, denn Frauen trauen sich immer noch zu selten, mathematisch-naturwissenschaftliche oder technische Berufe zu ergreifen. Dabei bringen sie nicht weniger mathematisches oder technisches Verständnis mit, sind aber gleichzeitig stark am Gemeinwohl und an Innovationen interessiert.  

    Klimabewegung in weiblicher Hand 
    Eine gute Nachricht vorweg: Der Frauenanteil im Bereich der erneuerbaren Energien wächst stärker als im konventionellen Energiesektor. Ein möglicher Grund könnte das steigende Bewusstsein für den Klimawandel sein, denn schlussendlich ist weltweit die Klimabewegung weitgehend weiblich. Zudem geben Frauen als Grund für ihre Berufswahl häufig an, mit ihrer Tätigkeit etwas Sinnvolles tun zu wollen. Frauenpower ist also erwünscht: Denn es ist längst erwiesen, dass Unternehmen von einer vielfältigeren Belegschaft und einem gemischten Führungsteam nachhaltig profitieren.

    Doch wie sieht es eigentlich beim Energielösungsunternehmen Helion aus, dass in einer typischerweise Männer dominierten Branche tätig ist. Oder ist dem überhaupt so? Und wo genau sind die Frauen im Unternehmen zu finden? Wir haben nachgefragt: Derzeit machen Frauen nur 12 Prozent der Belegschaft aus und sind vor allem in den Bereichen Marketing, Öffentlichkeitsarbeit und Personalwesen anzutreffen. Aber nicht nur! Weitere Infos auf www.helion.ch News.

  • Swiss real estate market – turnaround in interest rates, so what?

    Swiss real estate market – turnaround in interest rates, so what?

    After years of oversupply, the signs on the rental housing market are now clearly pointing to a shortage. Although demand will continue to exceed the supply of housing in the future, the real estate industry has so far not reacted with higher housing production. As long as rents do not rise sharply, there will be no incentive to expand residential construction in the current market environment. “The remaining vacancy reserves will soon be exhausted. Because the demand from immigration, individualization and demographic aging continues to increase,

    while at the same time fewer and fewer new homes are being built. Significant increases in asking rents are therefore only a matter of time and the topic will move up the political agenda,” says Neff.

    Densification progresses slowly
    It's getting tighter and tighter in Switzerland. The new buildings in this country are getting taller, the apartments in them are getting smaller and more and more people live in the residential zones. So the scarce land is being used more and more economically. However, because land use per person continues to rise and more and more people are living in Switzerland, the pace of densification is far from sufficient to stop urban sprawl. “High hurdles stand in the way of the faster densification demanded by spatial planning. The construction costs of projects with higher density are significantly higher than for a new building on a green field. In addition, strict, inflexible and inconsistent building and zoning regulations limit, complicate or make densification efforts impossible. A very liberal objection practice increases the planning effort for projects with high consolidation potential and leads to ever greater administrative effort," says Martin Neff. For example, the average time from the submission of a building application to the granting of a building permit for buildings with more than three apartments has increased significantly in the last 20 years from 92 days to 150 days.

    Bursting bubbles in the virtual world
    Trading in digital assets based on blockchain technology has experienced a real hype in the course of the cryptocurrency boom. In the meantime, land and real estate can also be purchased in the digital world, the so-called metaverse. The more attractive a piece of digital soil is, the more people will pay for it. The relative attractiveness is strongly defined by how many players are in the vicinity of the property on average. The market for digital real estate has experienced enormous price increases. At the beginning of January 2021, for example, in one of the best-known Mataverses "The Sandbox", the average plot of land was still being traded for less than 150 US dollars. By the end of the year, the price had risen to over $16,000, an increase in value of almost 11,000 percent. By the end of June 2022, prices had collapsed to $2,500. Such a bubble formation with subsequent bursting has been observed in many Metaverse projects in recent months. Among other things, this is favored by the fact that many projects are tied to cryptocurrencies for technical reasons, the future of which cannot yet be estimated either. "Due to the extreme volatility, the obvious tendency to bubble and the questionable intentions of many providers, virtual real estate remains primarily a playing field for speculators who are very willing to take risks," says Martin Neff.

    The “Immobilien Schweiz” study offers a detailed quarterly assessment of the Swiss real estate market. The current study and further information are available at raiffeisen.ch/casa.

  • MARNA Beteiligungen wants to buy solar company Flisom

    MARNA Beteiligungen wants to buy solar company Flisom

    According to a press release , MARNA Beteiligungen AG from Heidelberg plans to take over the majority of the Flisom Group based in Niederhasli. MARNA Beteiligungen AG wants to cooperate with FL1 Holding GmbH, which belongs to it, and is also planning a capital increase.

    Flisom, a spin-off from the Swiss Federal Institute of Technology in Zurich ( ETH ), has developed particularly flexible and lightweight thin-film solar cells. They are produced on plastic films using so-called roll-to-roll manufacturing techniques and can be attached to roofs or facades, for example. However, they are also suitable for use in mobility applications, such as in aviation. In 2020, Flisom commissioned a 40-megawatt production plant in Hungary to manufacture the modules.

    "Flisom is ideally positioned to benefit from the megatrends behind the increasing demand for electricity (…)," writes MARNA Beteiligungen AG in the press release. She counts population growth, increasing prosperity, digitization and electromobility among these megatrends.

    According to the information, various requirements still have to be met for the planned transaction.

  • Implenia starts work on the tunnel in Hamburg

    Implenia starts work on the tunnel in Hamburg

    Construction work on Hamburg's district heating tunnel began on August 5, Implenia announced in a statement . The construction and real estate company from Opfikon is realizing the project on behalf of Wärme Hamburg . The 1.16 kilometer long tunnel will cross the Elbe about 2 kilometers west of the Elbe tunnel for the autobahn.

    From the winter of 2024/25, this will be used to transport waste heat from industrial processes in the south to the north of the Hanseatic city. This is a requirement so that the coal-fired power plant in Wedel can be replaced by energy from the future Hafen Energy Park of Hamburger Energiewerke GmbH . "We are pleased that we can plan and implement this large and complex infrastructure project for the Hamburger Energiewerke and thus contribute to a sustainable energy supply in Hamburg," said Thomas Fiest, Head of Tunneling Germany at Implenia.

    In the first construction phase, Implenia is constructing the start and target shaft with diaphragm walls 1.5 meters thick and 30 meters deep. Then a tunnel boring machine will bore the actual tunnel with a diameter of 4.55 meters. Access and operating equipment for the operation should be accommodated in the shafts.

  • Nüssli builds a stadium for the Swiss Confederation

    Nüssli builds a stadium for the Swiss Confederation

    The event and construction service provider Nüssli , based in the St.GallenBodenseeArea, was responsible for the construction of the arena for the 22nd time for the Federal Wrestling and Alpine Festival , which takes place from August 26th to 28th in Pratteln BL. According to a press release , the company from Hüttwilen has been building the festival arena for the largest sporting and cultural event in the country since 1961. With six stands and seating for 50,900 spectators, the arena is one of the largest temporary stadiums in the world.

    In addition to the festival grounds, an athletes' village has also been created since June. In order to connect this with the festival area, the ten-strong Nüssli team decided on a footbridge over the nearby railway tracks. Nüssli received support from the army and civil defense. At peak times, up to 300 people were scheduled on the construction site.

    While the majority of the 300,000 building elements from projects in Switzerland were transported to Pratteln in the Basel area, certain components such as stair and roof elements as well as the company's premium grandstand for VIP guests from abroad and major international projects had to be brought in.

    After the crowning of the wrestling king, Nüssli starts dismantling again and transports the components to the next event.

  • Asking rents remain stable month-on-month

    Asking rents remain stable month-on-month

    The rental index, which is collected monthly by the digital real estate marketplace Homegate in cooperation with the Zürcher Kantonalbank , closed July at 117.7 points, Homegate informed in a press release . Compared to the previous month, advertised rents fell 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 Zug, Graubünden, Geneva and Glarus, however, the analysts observed significant declines of between 3.9 and 1.3 percent. Year-on-year, rents increased across all cantons.

    Of the eight cities examined in the index, the analysts only observed a month-on-month increase in asking rents in Basel and Lucerne. Rents fell slightly in the other cities, but more sharply in Geneva and Lausanne, each by 1.6 percent. Compared to July 2021, asking rents have risen in all cities, with the strongest increase in Zurich at 6.4 percent.

    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 .

  • Mobimo records marketing successes

    Mobimo records marketing successes

    According to astatement by Mobimo Holding AG , the Lucerne-based real estate company booked rental income of CHF 60.0 million in the first half of 2022. In a year-on-year comparison, this corresponds to growth of 7.4 percent. Mobimo attributes the increase to the acquisition of new properties. In addition, the company was able to reduce its vacancy rate by 0.2 percentage points to 4.6 percent compared to the end of 2021.

    At CHF 3.8 million, income from developments and the sale of properties was well below the previous year's figure of CHF 54.4 million. Here, the sale of a major project shaped the result, explains Mobimo. The operating result therefore fell year-on-year from CHF 115.4 million to CHF 81.4 million. At CHF 63.5 million, corporate profit was CHF 20.2 million lower than in the first half of 2021.

    Mobimo was able to post a revaluation gain of CHF 29.0 million for its own investment properties under construction. The company writes that the demand for home ownership remains high. In Meggen LU, Mobimo sold 30 newly built apartments in the reporting period. Of a further 38 apartments under construction in Horgen ZH, 29 apartments have already been reserved, according to the announcement.

    Mobimo sees itself well positioned for the future. The company is currently developing six projects with a total volume of CHF 370 million, writes Mobimo. In addition, twelve condominium projects are planned with a total volume of CHF 640 million.