According to a statement from PSP Swiss Property , the Zug-based real estate company generated real estate income totaling CHF 296.27 million in the 2020 financial year. Compared to the previous year, this corresponds to a growth of 2.0 percent. The operating result (EBITDA) excluding real estate successes and valuation differences amounted to CHF 271.06 million in 2020, 5.8 percent more than in 2019.
The net profit in the year under review was CHF 292.1 million, compared to CHF 453.4 million in the previous year. PSP Swiss Property attributes the decline to one-time effects. In the previous year, for example, a tax effect and the sale of two investment properties had a positive impact. In addition, the portfolio revaluation in 2019 brought in a total of CHF 244.2 million. In the year under review, the corresponding figure was 101.6 million francs.
The balance sheet value of the PSP Swiss Property portfolio as of the end of 2020 was CHF 8.577 billion. As of the 2019 reporting date, the value was 7.982 billion francs. The vacancy rate was reduced from 3.5 to 3.0 percent within a year. The real estate company provides details of the portfolio change in the notification.
For the current financial year, PSP Swiss Property is aiming for an EBITDA excluding real estate gains of around CHF 275 million. The vacancy rate is expected to increase to 4.5 percent.
In Switzerland, less than 1 percent of the building stock is energetically renovated every year. Romande Energie wants to increase this share in the canton of Vaud. For this he launched, according to a release , the program commune Renove . As part of the program, the energy supplier accompanies the individual renovation projects step by step. He acts as a contact person for all parties involved, for the owners and administrations as well as for the craftsmen and the authorities.
The program builds on the experiences of the Onex-Rénove project. The Geneva municipality Onex started this program in 2014 and was able to use it to sevenfold the renovation rate.
For its program, Romande Energie works with the Center de Recherches Energétiques et Municipale in Martigny VS, with the building energy specialist Signa-Terra in Geneva and with Pierre Olivier. The energy project consultant was one of the leaders of Onex-Rénove. "The renovation of the building stock is one of the levers for reducing CO2 emissions", Christian Petit, General Manager of Romande Energie, is quoted in his company's announcement.
The federal government and the canton of Vaud support the Commune Rénove program. Two municipalities have already decided to participate.
Limmat Verwaltungs AG has become Elicere Real Estate Management AG. Limmat Verwaltungs AG, founded in Schlieren in 1967, has been taken over by Elicere AG in Zug, according to a press release in 2019. The company was renamed from Limmat Bau-, Treuhand- und Verwaltungs AG to Limmat Verwaltungs AG.
The administration is now to be continued under the new name, which refers to the new owner. The new company Elicere Real Estate Management AG is naturally based in Schlieren on Schulstrasse, at the previous address of the Limmat administration.
Before the start with the new name, a comprehensive restructuring and especially digitization had been carried out, it says in the message. In addition to the management and valuation services already offered, there is now also the assumption of construction management.
The new company, which was founded in December, is managed by Rikard Memaj and Roger Priester. Both are members of the Board of Directors. Its President Roger Priester is quoted as saying: "We are convinced that with the transparent and structured set-up in the company, we can lead our customers into a sustainable future with the most modern tools and motivated employees."
Westhive sees an increasing demand for flexible office space. The Zurich-based provider, founded in 2017, therefore plans to open new locations in Basel, Zurich-Stettbach and Zug at the beginning of 2022. Geneva is to follow a year later, Westhive writes in a statement. The location there is to be set up in the new Alto Pont-Rouge and cover an area of 4500 square meters. It will also have its own fitness center, two restaurants and an event conference center.
A total of around 1,000 jobs will be created at the four locations on 10,000 square meters. "All locations have a high proportion of private offices, for which we are seeing the greatest demand," Westhive co-founder Andreas Widmer is quoted in the press release.
Westhive continued to see strong growth in 2020. The number of tenants has risen by over 50 percent. "We are seeing continuous demand for flexible offices and workplaces, even now that the home office is mandatory," says Widmer. "But most of all we are pleased that we have lost practically no members."
According to a press release from the Federal Statistical Office (FSO), the average annual tax rate for home ownership in Switzerland in 2020 is 2.5 percent. This value results from the comparison of the average annual inflation rates of 2019 with 2020. In relation to the last quarter of 2020 the inflation rate was lower. Compared to the third quarter, the residential property price index (IMPI) increased by 2.3 percent. It reached a level of 103.1 points. Compared to the same quarter in the previous year, the rate of inflation was 3.1 percent, reports the FSO.
To explain the calculation of the annual mean inflation, the FSO states that the average annual inflation 2020 of the IMPI of 2.5 percent would correspond to the rate of change between the annual mean 2020 and the annual mean 2019. These annual averages are calculated as the arithmetic mean of the four quarterly indices for the calendar year.
The announcement shows an increased interest in houses compared to apartments: the prices of single-family houses have risen by an average of 2.8 percent over the whole of last year and the prices of condominiums by an average of 2.2 percent.
In the fourth quarter of 2020, however, there was greater demand for apartments than for houses, which was reflected in the price. The price for single-family houses rose by 1.5 percent, but for condominiums by 3.1 percent. Both market segments show higher prices in all of the five types of municipality than in the previous quarter. The rise in single-family house prices was particularly pronounced in the medium-sized communities with a plus of 2.4 percent. In contrast, prices for condominiums rose the most in rural communities: by 5.2 percent.
The differentiation between types of municipality by the FSO is based on density, size and accessibility criteria, such as commuter movements. Of the 2,172 municipalities in Switzerland as of January 1, 2021, 22 percent are urban, 52 percent rural and 26 percent intermediate.
The home market continues to grow even during the recession caused by the coronavirus pandemic. In the four most liquid market regions in Switzerland, prices rose by an average of 3.7 percent in 2020 to an average of 1.3 million francs, explains homegate.ch in a statement on the current Home Market Price Analysis. It is created annually by the digital real estate marketplace from TX Group in cooperation with the Swiss Real Estate Institute of the Zurich School of Economics ( HWZ ).
The study analyzes the development of purchase prices and transactions for single-family houses and condominiums in the regions of Zurich, northwestern Switzerland, Bern and Lake Geneva. The prices for single-family homes rose in all four market regions last year, the press release explains. The most significant price increase was observed in the Lake Geneva region, at 4.1 percent. The lowest price increases of 1.6 percent were in the Zurich region. The number of transactions in the single-family home market increased by 3.1 percent year-on-year.
For condominiums, the analysts identified price increases of between 3 and 4 percent in three of the four regions examined. In the Lake Geneva region, on the other hand, prices fell by 2 percent year-on-year. On average, the prices for condominiums rose by 0.5 percent to 850,000 francs in the year under review. The number of transactions in the condominium market increased by 2 percent in 2020.
In times of crisis, the flight into real assets is nothing new, Peter Ilg is quoted in the communication. The “ongoing boom” during the pandemic-induced recession is “astonishing” for him, says the head of the Swiss Real Estate Institute. As a background to the current developments, Ilg cites, on the one hand, the likely long-term low interest rates. On the other hand, "living in the times of Corona has become more important".
Made in Zurich wants to unite “urban productivists” of all kinds, explains the initiative founded in 2018 in its self-portrayal . Even when it was founded, the Made in Zurich initiative set out to investigate questions about production in the city, writes the initiative in a recent press release . For this purpose, Made in Zurich created the study “ Locations for urban production and retail – SUPR ”.
The study examines historical developments and current trends and uses them to develop proposals for urban production. In addition, the analysts sound out the framework conditions for urban production in Zurich. Among other things, they investigate the question of what urban producers need and which urban areas are suitable for urban production.
The guidelines are intended to provide “instructions for action and food for thought”, writes the Made in Zurich initiative in the communication. The addressees named there are “the public sector, developers and, last but not least, the producers themselves”.
In the fifth chapter of the study, the authors deal with particularly important aspects of urban production. The entire final chapter of the study is devoted to recommendations for action for the implementation of locations for urban production and retail.
The old cotton mill in Turgi is to be converted into a complex with offices and commercial space. That was decided by Limmatkraftwerke AG, which operates its hydropower plant next to the large building. The subsidiary of Regionalwerke AG Baden acquired the building in mid-2020. According to an announcement on LinkedIn, offices, studios and commercial space will be rented on April 1 or by agreement on an area of 7,000 square meters. André Roth AG in Baden is responsible for marketing the space.
The former cotton mill in Turgi was built as a factory between 1826 and 1879. Between 400 and 600 people worked in the Bebié brothers' cotton spinning mill, according to an article in the “Aargauer Zeitung” about the purchase of the elongated gable roof building in July 2020, which the cantonal heritage authorities call “the largest-scale building of its type in the canton of Aargau” Limmatkraftwerke AG operates the power plant in Turgi, which supplied the 190-year-old cotton spinning mill with electricity.
Martin Schoop, Chairman of the Board of Directors of Limmatkraftwerke, was quoted at the time about the reasons for the purchase: “We operate one of our power plants right next to the spinning mill building. With the purchase of the spinning mill, we can ensure the operation of this power plant in the long term. ”With the acquisition of the spinning mill, future use can be controlled in such a way that expansion is possible.
In an interview , the new Vice Chairman of the Board of Directors of Herzog Kull Group Holding AG ( HKG ) puts buildings, structural measures and sustainable building management in the focus of the discussion about reducing CO2 emissions. "With increasing penalties for CO2 emissions, owners of real estate portfolios are increasingly coming under pressure," Beat Huber is quoted as saying. Investors, but also tenants, would place higher demands on energy efficiency and ecological energy supply. Electricity from your own roof and ecological heat supply would be standard in many buildings in the future.
Huber, who is a proven energy specialist, expects that the new CO2 law will certainly accelerate development in Switzerland. Because of the lower energy costs here compared to other countries, cost savings were not a particular issue in the past. That has changed due to the pressure to save CO2. In Switzerland there are currently a lot of efforts, new services and companies around the topic of building technology.
In Huber's opinion, financial incentives or taxes in the event of excessively high CO2 values will mean that in the future a property with a solar system and ecological heat supply will no longer be a particularly attractive offer. Instead, you will be “punished by investors and tenants if you cannot offer or have implemented this,” Huber is quoted as saying. These expectations will trigger many investments in real estate and areas. “Large property portfolio owners are currently analyzing their properties with regard to reducing CO2 and making funds available.” He sees great potential for corresponding services, such as those already offered by HKG.
The car dealer AMAG is now also setting up a center for new mobility in The Circle. The furniture store Bruno Wickart will present offers for work and living in a new exhibition area. The RehaClinic will move its RehaCenter from the airport to The Circle in mid-2021. The real estate service provider Vebego is creating a location for its international activities in The Circle. And cermony is opening its Bliss Center for massages and other health-promoting services in spring.
Mobimo generated an operating result (EBIT) of CHF 145.8 million in the 2020 financial year, the real estate company informed in astatement . Excluding revaluation effects, the operating result was CHF 111.5 million. In the previous year, the corresponding values were CHF 134.0 million and CHF 82.5 million, respectively.
The development and sale of properties proved to be growth drivers in the year under review. The year-on-year success here had risen from CHF 3.0 million to CHF 36.8 million. The revaluation gain, however, fell year-on-year from CHF 51.5 million to CHF 34.3 million. Mobimo writes that it was mainly generated operationally in the reporting year.
The real estate company posted rental income of CHF 105.1 million in the year under review. This only just fell short of the value of CHF 106.7 million in 2019. At the same time, Mobimo supported its own tenants from the catering, hotel and retail sectors with rent relief totaling 6.5 million francs due to the pandemic.
Mobimo's real estate portfolio increased from CHF 3.3 billion to CHF 3.4 billion in the course of the year under review. The average gross return remains unchanged at 4.5 percent, the company informs in the announcement. As of the end of the year, Mobimo had investment properties under construction in the amount of CHF 90 million and in planning in the amount of CHF 490 million.
Yonas Mulugeta, CEO of CSL Immobilien , sums up the findings from the current CSL Real Estate Market Report 2021 . According to a corresponding press release, this applies in particular to the office market. The vacancy rate for offices has reached a high: the available supply of commercial space has increased by 23 percent to 2.26 million square meters in the course of the past year. That is the highest value since 2014.
At the same time, however, the demand for central locations in major centers such as Zurich increased. The authors of the report deduce from this that the home office is not the end of the office. Instead, office space would be used more as social meeting and collaboration places. Because "Location factors such as an urban environment with attractive lunch or leisure options or proximity to customers and industry meeting points have become more important as a result of the pandemic".
The vacancy rate in the residential market has also reached a high. In the previous year, the Swiss average rose from 1.66 to 1.72 percent – a value that was last reached in 1988. Outside the major centers, high vacancy rates of over 2 or 3 percent are not uncommon in all of Switzerland. CSL expects vacancies to continue to rise and rents to fall in 2021. Residential property has benefited from the increased value of a beautiful home during the pandemic. Because of the increasing number of homeworkers, real estate in more peripheral locations would have found buyers more easily.
For multi-asset investors in particular, real estate investments have become a replacement for bonds with negative interest rates. Returns in all real estate asset classes continued to decline.
The Procimmo SA is its Swiss Commercial Fund II (Procimmo II) in late March on the SIX Swiss Exchange shares listed, the asset manager of collective real estate investments informed in a release . Procimmo II was set up in 2014 for a limited group of investors. Since then, the fund, which mainly holds commercial, industrial and logistics properties, has achieved an average return of 7.4 percent, Procimmo reports.
In addition, the fund has paid an annual dividend of at least 5 francs per unit over 100 francs, is further explained in the announcement. The fund currently comprises 33 properties in German-speaking Switzerland. The assets invested in Procimmo II amounted to CHF 563.4 million as of September 30th. On the corresponding reporting date in the previous year, it was 470.3 million francs.
Before going public, Procimmo intends to carry out a further capital increase of around 60 million francs, the company informs in the announcement. The funds brought in are to be used to reduce the debt financing quota and to continue existing construction projects. In addition, Procimmo is examining additional investments in economically active regions outside the city centers.
The monthly rent index compiled by the digital real estate marketplace homegate.ch from TX Group in cooperation with Zürcher Kantonalbank closed at 115.4 points in January. Compared to the previous month, the prices for advertised rents have risen by an average of 0.17 percent, explains homegate.ch in a corresponding message . An increase in rental prices of 0.87 percent has been observed over the past twelve months.
In a monthly comparison, homegate.ch shows different developments for the individual cantons. The strongest rise in asking rents in January, at 1.59 percent, was observed in the canton of Nidwalden. In the cantons of Appenzell-Innerhoden, Appenzell-Ausserhoden, Uri and Wallis, asking rents rose above average with values between 1.08 and 1.24 percent. Declines were measured in the cantons of Zurich, Neuchâtel and Jura with values between -0.57 percent and -0.10 percent.
Homegate.ch also makes different developments in the cities. The largest increase was measured here in a monthly comparison of 2.01 percent in Lausanne. The analysts describe the development in Zurich as “noticeable”. Here rental prices fell by 1.00 percent in January compared to the previous month.
In the quality-adjusted recording of rental price changes for the rental index, the rental prices are corrected for the different quality, location and size of the apartments. This makes it possible to record the actual rental price development, it says in the message.
As mentioned in our last article, a variety of virtualviewing solutions offer a welcome alternative to physical on-site appointments, especially in times of pandemic. These range from static 3D tours, video tours and virtually realistic representations, which users can put themselves into with the help of VR glasses (virtual reality), to live broadcasts that are available at all times. We want to take a closer look at the latter in this article.
In the case of live broadcasts , the objects to be viewed are displayed in real time compared to static videos, photos or 360 ° recordings. The greatest advantage of this is that, apart from a viewing appointment, there are no pre- or Post-processing is required. A fully autonomous, 24/7 available variant is the tour with a robot stationed in the property to be visited . This specially developed machine can be conveniently controlled through the object from anywhere in the world, including from home, using a standard Internet browser with the arrow keys on the keyboard. The visit can take place at your own discretion and regardless of the tours and perspectives that have been created. An integrated video conference solution also offers the opportunity to establish a dialogue between the parties during the tour.
Another variant does not completely do without on-site personnel . While one party (marketer, landlord, owner, facility manager, etc.) is on site and ensures the live transmission via a mobile device (e.g. smartphone, tablet), interested parties can participate in the tour via web browser and with the Interact with the person on site. Due to the high degree of personalization, the automatic documentation of the transmission as well as the possible data exchange, this solution offers far more application possibilities than pure property inspections.
Even with the current state of the art, digital viewing solutions offer a useful alternative to physical appointments on site. In some points, such as higher efficiency, lower costs and lower environmental impact, the advantages over physical tours even outweigh the advantages. Nevertheless, the solutions presented here do not “yet” succeed in transferring the sensation of a physical encounter with people in digital space. Accordingly, we come to the conclusion that there are valid arguments for tours with man and machine that need to be weighed up according to the situation. In our next article you can read how startups are working on virtual reality to make the aforementioned lack of sensation tangible in the digital world.
MoneyPark can add another mortgage partner to its portfolio: it will sell and manage mortgages for the Zug pension fund in the future. "In particular, we promote energy-efficient buildings and offer special conditions for sustainably built or energy-efficient properties," said the head of asset management at Zuger Pensionskasse, Fabian Steiner, in a press release from MoneyPark.
MoneyPark is thus expanding its range of over 150 providers to include "another important player", it says there. "With access to over 150 financing providers, including a range of pension funds that is unrivaled in Switzerland, we offer our customers the broadest range of mortgages in Switzerland," says Stefan Heitmann, CEO and founder of MoneyPark.
Investing in the mortgage asset class will not only benefit mortgage borrowers, but also insured persons, emphasizes MoneyPark. The Zuger Pensionskasse can safely and sustainably diversify its investment portfolio and, unlike bonds, expect a positive return.
The coronavirus pandemic has hardly left any traces on the market for rental apartments, writes homegate.ch in a message on the annual review of the homegate.ch rental index. It is created monthly by the real estate portal owned by the TX Group in collaboration with Zürcher Kantonalbank . For 2020, the rent index shows an increase in asking rents for apartments of 0.9 percent year-on-year. This means that apartment rents have even risen faster than in the previous year, explains homegate.ch.
The analysts observed the sharpest increase in rental prices in the year under review with 2.7 percent in Appenzell. In the cantons of Geneva, Thurgau, Zug, Graubünden and Zurich, rents have also risen faster than the Swiss average, with values between 2.6 and 2.3 percent, the press release explains. Rising net immigration is mentioned as the background for the rental price development.
The gap in rent prices between urban and rural cantons that had prevailed in previous years was weakened in the reporting year, the analysts further explain in the press release. On the one hand, they attribute this to the concentration of the construction industry in urban regions. On the other hand, the work in the home office, which was funded during the pandemic, "led to evasive effects in the countryside". Urban living remains in trend despite the pandemic.
Liegenschaften Stadt Zürich (LSZ) acts as the owner, investor and manager of buildings in the city that are rented to third parties. Now LSZ has redefined its strategy to take the city's growth into account. “This growth is gratifying and confirms the policy of the city council. At the same time, however, it also poses a challenge, for example in relation to the increasing need for space for urban infrastructure and non-profit living, ”City Councilor Daniel Leupi is quoted in a communication from the City of Zurich , head of the finance department.
In the context of the fields of action residential, commercial / special real estate and land reserves / building rights, priorities are to be set in the future. This includes the preservation of small businesses, the transparent leasing of both residential and commercial space, digitization and ecological sustainability.
In addition, land reserves, which will not be finalized until the next few years, are to be opened for temporary use. This would create free spaces, "which are also used very actively culturally and not commercially and thus contribute to a colorful and diverse city," says von Leupi.
MoneyPark's real estate platform is "consistently built on big data technology", explains the Zurich-based fintech company in a press release . According to her, MoneyPark has now activated theplatform for the general public. Originally what their use was reserved for MoneyPark customers.
Potential buyers or sellers as well as owners of a property can access detailed information about the desired property via the platform, is explained further in the communication. Buyers and sellers also have the opportunity to seek advice from MoneyPark's mortgage and real estate specialists. "The new platform is not only a milestone in MoneyPark's still young company history, but above all a huge gain in transparency for every property seeker, owner and seller", Stefan Heitmann, founder and CEO of MoneyPark, is quoted in the press release.
With its real estate platform, MoneyPark wants to bring "more movement into the Swiss real estate market, which has been static for decades and has not been very innovative," according to the announcement. The company started in 2012 with the aim of facilitating access to the real estate market. “With our new platform offering, we can reach out to our customers much sooner and much longer and help them to fulfill their dream of owning a home,” says Heitmann.
PriceHubble is now also present in the Netherlands. At the same time as opening its new presence in Amsterdam, the Zurich-based property valuation specialist is starting a strategic partnership with Yellowtail Conclusion, according to a press release. PriceHubble supports players in the real estate sector with their investment decisions using innovative technologies such as machine learning and big data analytics.
Thomas Berghaus heads the new company PriceHubble Netherlands BV "The real estate market in the Netherlands has been growing for years and the strong influx will further reinforce this trend, especially in the area of residential property development," Berghaus is quoted in the press release. “That is why this location is one of the most attractive in all of Europe. "Our digital product solutions help Dutch brokers, intermediaries and banks to successfully open up the market and create transparency."
PriceHubble and Yellowtail want to jointly develop new service concepts for mortgage advice with the help of digital real estate valuation. "We are therefore proud", says Yellowtail Managing Director Matthijs Mons, "that we can support PriceHubble in entering the Dutch market".
In der Schweiz lebt der Grossteil der Bevölkerung in Mietwohnungen. Nur 40 Prozent besitzen Immobilien. Laut einer Medienmitteilung der HSLU ist dieser Anteil niedriger als in jedem anderen Land in Westeuropa. Der Grund seien die fehlenden Eigenmittel und die hohen Baukosten.
Die HSLU stellt nun ein neues Eigentumsmodell vor. Dabei wird eine Immobilie nur für eine festgelegte Zeit gekauft. Wenn von einer Lebensdauer der Immobilie von 100 Jahren ausgegangen wird und das Wohneigentum auf eine Zeit von 30 Jahren beschränkt ist, zahlt die Käuferin oder der Käufer nur 30 Prozent des totalen Wertes der Immobilie. Wegen der verkürzten Nutzungsdauer werden entsprechende Wohnobjekte auch mit einer tieferen Hypothek belegt. Laut der HSLU fallen die Kosten für Wohneigentum auf Zeit insgesamt um rund 15 Prozent tiefer aus als die Kosten der Miete über den selben Zeitraum. Nach Ansicht der Hochschule hat das Modell auch für Investoren Vorteile. Wenn das Wohnobjekt nach Ablauf der festgelegten Zeitdauer zurück zum Investor geht, kann er die Immobilie marktfähig sanieren.
Insgesamt stösst das Modell laut HSLU sowohl bei Investoren als auch bei bei potenziellen Bewohnerinnen und Bewohnern auf hohe Akzeptanz. Dennoch gibt es bisher in Europa nur ein Objekt, bei dem Wohnungen mit dem Wohneigentum-auf-Zeit-Modell erworben werden können – dieses befindet sich in Bern. Die HSLU hat nun ein Handbuch erarbeitet, das aufzeigt, wie Investoren und Wohneigentümer von diesem Modell profitieren können.
Almost all of the 74 experts surveyed by EY for the Real Estate Investment Market Switzerland 2021 trend barometer rate the attractiveness of the Swiss real estate market as attractive to very attractive, EY informs in a message on the trend barometer. Compared to last year, the attraction to investors has even increased slightly again, it is said there. Only 15 percent of those surveyed expect a decline in investment volume. In the 2020 trend barometer, the corresponding value was 17 percent.
“On a global level, we see a lack of investment alternatives, high investment pressure and increasing economic uncertainty as drivers for the real estate asset class,” Claudio Rudolf, author and head of Transaction Real Estate at EY in Switzerland, is quoted in the press release. Specifically, Rudolf names the pandemic and Brexit as the drivers for volatility. “Against this background, investors recognize a safe haven in the Swiss real estate market that is more resistant to crises than in other countries,” says the real estate expert.
However, the barometer also shows differences within the sectors. "While the developments in the different real estate sectors were more closely correlated in the past – according to the motto 'the tide lifts all boats' – the corona pandemic is making the real estate market more differentiated," explains Daniel Zaugg, Head of Real Estate at EY in Switzerland. Sectors that are less risky, such as residential real estate, are likely to benefit from increased risk aversion among investors, the press release said. The barometer for office properties in central locations and the holiday hotel industry sees good opportunities for a quick recovery from the pandemic. Business hotels, office properties in the periphery and shopping centers, on the other hand, do not see any good chances of recovery in the long term either.
Aventron and HIAG team up: Their new joint company, HIAG Solar AG, wants to expand the production of solar power on the roofs of HIAG properties in the long term. HIAG holds 49 percent of the joint venture, aventron 51 percent. Aventron CEO Antoine Millioud finds an “optimal connection”: “HIAG has very large roof areas in Switzerland and aventron has proven expertise in the planning, implementation and operation of high-performance solar systems.”
As stated in a press release from HIAG, HIAG Solar AG wants to become a major solar power producer in Switzerland in the medium term and gradually expand its capacity. 65,000 square meters of space are currently available for photovoltaic modules. They should generate around 10 mega-watt peak power.
The aim is to produce 10 million kilowatt hours of electricity annually. This corresponds to a CO2 equivalent saving of 4.2 million tons. The first four systems are already being planned. They should start operating this year and next.
BKW Building Solutions, the building services division of BKW leads energy efficiency measures in buildings by. In order to strengthen this area, BKW has now expanded its network of installation companies and taken over two companies from the cantons of Valais and Zurich, the energy company informed in a press release .
One of these is Elektro Nikolai GmbH . The company based in St.Niklaus, Valais, offers electrical installations in Mattertal and Zermatt. Under the umbrella of BKW, Elektro Nikolai is to work closely with Werner Electro AG, which has been part of BKW since 2018. "The addition of Elektro Nikolai GmbH strengthens the presence and positioning of BKW Building Solutions in Upper Valais and shows the region's great potential for the future," said Stefan Luggen from Werner Electro AG in the press release.
On the other hand, Gloor Planzer AG will be included in the building technology division of BKW. The company from Männedorf specializes in the installation of air conditioning, refrigeration and ventilation systems, writes BKW. The previous owners Roland and Sandra Gloor will continue to manage the business of Gloor Planzer AG under the umbrella of BKW.
According to a report on the Online Home Market Analysis, the demand for condominiums declined slightly overall from the fourth quarter of 2019 to the end of the third quarter of 2020 in the reporting year, but saw a strong surge in demand in the last quarter. In the analysis carried out by the Swiss Real Estate Institute of the Zurich School of Economics ( HWZ ) and the Swiss Association of the Real Estate Industry ( SVIT ) in collaboration with the digital real estate company homegate.ch , this is based on the shorter advertising period for condominiums offered on the Internet.
During the entire reporting year, a condominium in Switzerland had to be advertised on an online platform for an average of 86 days. It was 60 days before the Corona crisis. In the third quarter of 2020, however, the advertising time fell to the record low of 52 days, despite an 8 percent increase in the number of advertisements. Condominiums are therefore currently more in demand than ever, the analysis found.
Supply and demand were analyzed based on the advertisements on the seven major Swiss real estate marketplaces between October 1, 2019 and September 30, 2020 compared to the previous period. In the reporting period from October 1, 2019 to September 30, 2020, around 91,387 condominiums were offered for sale on the Internet across Switzerland, which corresponds to an increase of 19 percent compared to the previous period.
Professor Peter Ilg, head of the Swiss Real Estate Institute at HWZ, attributes the growth in demand mainly to two factors: “On the one hand, the boom in demand in the third quarter is due to the deferred demand from the previous quarters, but on the other hand it is also due to a change in behavior: More beautiful living is has become even more important to many Swiss after the lockdown, ”Ilg is quoted as saying.
Jens Paul Berndt, CEO of Homegate AG, is quoted as saying: “We have also noticed a sharp increase in visits and contact inquiries. This is a sign that real estate is a popular investment property even in times of crisis. "
As early as 2013, the municipality of Glarus declared the Kartoni-Areal and Untere Allmeind areas in Glarus to be key development areas as part of their structure planning, the project company Kartoni Quartier AG informed in a message. A mixed living and working area with private, semi-private and public open spaces is to be created here. A footbridge for pedestrians and bicycles across the Linth will connect the quarter directly to the train station and the center of Glarus.
The project management team at Sutter Projects, in cooperation with the municipality of Glarus, has now been able to win two local investors for the implementation of the project. One of these is the Glarus Pension Fund . It is described in the communication as a guarantor for “a sustainable and far-sighted project that does not allow real estate speculation”.
On the other hand, Sutter and the community were able to get Trümpi Immobilien AG enthusiastic about the project. The Glarus real estate company is "a local partner who understands project development and construction from the ground up," the press release said.
Together with Robert Sutter's Immolmpuls AG, the investors have now founded the Kartoni Quartier AG project company. She will take over the implementation of the construction plans on the Kartoni site. According to the announcement, Kartoni Quartier AG has already acquired all the properties in the area from the previous owners.
UBS has selected Implenia as the general contractor for the renovation of its listed building on Paradeplatz in Zurich, the construction and real estate company from Dietlikon informs in a message . According to her, the award of the contract was preceded by a year-long overall performance competition. The notification does not provide any information about competitors or the volume of orders.
The start of construction work is planned for the end of next year, Implenia informs. During the renovation, Roland Rohn's historic character is to be restored “in a contemporary way,” explains Pierre de Meuron, Founding Partner of the Herzog & de Meuron architecture firm, in the press release. In addition to new office space, spaces with hybrid and partly public use are planned. Implenia also plans to open the building to Paradeplatz and Bärengasse. The renovation work should meet the LEED Platinum sustainability standard for ecological building.
"We rely on efficient and effective processes as well as the latest methods from Lean Construction to ensure optimal quality, deadlines and good communication in the planning and execution of the complex project across all phases," says Jens Vollmar, Head of the Buildings Division at Implenia, in the communication quoted. "We also work with a proven team that has already worked for UBS on other projects."
The Migros Cooperative Zurich sells the Zentrum Witikon to the largest Swiss life insurance group, Swiss Life . The decision to sell was made as part of a regular review of the property portfolio, according to the food company in a press release . He puts an end to the adjustment of the property portfolio that has taken place over several years.
The Migros supermarket branch has existed since the Witikon Center opened in 1970. It was bought by Migros Zurich in 2012 and completely renovated in 2017. The parties have agreed not to disclose the sales price.
As of the beginning of February 2021, UBS Fund Management (Switzerland) AG will take over the management of the Swiss real estate fund Residentia, UBS informs in a message . The listed fund mainly holds residential properties in the canton of Ticino. The announcement puts the total assets of Residentia's portfolio at around CHF 275 million.
With the takeover of Residentia, the Zurich-based bank wants to strengthen its asset management in the real estate sector in southern Switzerland. "We believe in the Ticino real estate market," Daniel Brüllmann, Head of Real Estate DACH at UBS Asset Management, is quoted in the press release. He sees his company "ideally positioned for this takeover".
UBS Switzerland AG will act as a deposit bank for Residentia, is further explained in the announcement. The Pagani Real Estate SA of Residentia co-founder Matteo Pagani is to support the fund management company in Ticino as a “local presence”.
The Steinmürli kindergarten, which received the “best architects 21” award, was built in 2019 as a modern wooden element construction. According to a media release from the City of Dietikon, it was designed by the Schmid Ziörjen Architects in Zurich. The jury's description of the award-winning building states that the Steinmürli school complex is a cluster of orthogonally arranged school and gym buildings. The new kindergarten, placed at right angles to the existing buildings, would naturally be integrated into the overall complex. This would reorganize the open spaces and create a well-sunlit and spacious outdoor play area between the existing kindergarten and the new building.
The jury that awarded the award consists of the architects Professor Johannes Modersohn from Berlin, Yves Moreau from Paris and Patrick Schmid from Zurich.
The best architects award was launched in 2006 in order, according to information on its website, to filter out the best and most interesting of the German-speaking architecture scene and to show it to the public. In 2015 the prize was opened to participants from all over Europe.
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