immo!nvest – Die Plattform für Standorte und Immobilien

Tag: immobilien

  • Urdorfer S+U Bau baut Spitalskapelle wieder auf

    Urdorfer S+U Bau baut Spitalskapelle wieder auf

    Bei Errichtung des Neubaus des Spitals Limmattal in Schlieren musste die alte Spitalskapelle weichen. Der Schlieremer Stadtrat beschloss deshalb vor sechs Jahren laut einem Artikel in der „Limmattaler Zeitung“, die Kapelle aus dem Inventar der kulturhistorischen Objekte zu streichen. Sie stand ab da nicht mehr unter Schutz. Allerdings hat der Stadtrat auch einen Vertrag mit dem Spital abgeschlossen, der dieses zu einer möglichst detailgetreuen Rekonstruktion der Kapelle verpflichtet. Es wurde sogar vereinbart, dass es auch wieder einen Teich an der Spitalskapelle geben müsse,

    All das setzt jetzt Stefan Schmid mit seinem Team der S+U Bau AG in Urdorf um. Den Bauauftrag hat sein Unternehmen von Losinger Marazzi erhalten. Das Berner Bauunternehmen hat den Neubau des Spitals Limmattal verwirklicht. Der Auftrag lautet auf originalgetreuen Wiederaufbau der Kapelle aus den 60er Jahren und alle damit verbundenen Baumeisterarbeiten. Die Bauarbeiten sollen rasch beginnen, den ersten Baukran hat Schmid schon aufstellen lassen. Bis zum Frühjahr 2021 hofft man, fertig zu sein und die Kapelle wieder allen Einkehr und Ruhe suchenden Patienten und Besuchern öffnen zu können. Bisher hatte ihnen dazu nur ein dafür freigehaltener Raum im Spital dienen können.

    Die alt-neue Kapelle soll auch wieder unter Schutz stehen. Sie werde nach der Rekonstruktion wieder ins Inventar der kulturhistorischen Objekte aufgenommen, hatte der Schlieremer Stadtingenieur Hans-Ueli Hohl beim Beschluss über den Abriss versichert.

  • Houzy gewinnt die Baloise als Investorin

    Houzy gewinnt die Baloise als Investorin

    Die Baloise investiert laut einer Medienmitteilung in das Zürcher Proptech-Start-up Houzy. Damit will der Basler Versicherer sein Portfolio an innovativen Technologien rund um das Wohnen erweitern.

    Houzy betreibt eine digitale Plattform, die Daten intelligent verknüpft und daraus Empfehlungen für Wohneigentümer ableitet. Sie kann beispielsweise errechnen, wann die Heizung saniert und wie viel Geld dafür auf die Seite gelegt werden soll. Sie kann Eigentümer aber auch mit passenden Partnern für den Unterhalt oder andere Aufgaben verknüpfen. Dabei zahlen die Anbieter eine Fixgebühr pro Jahr, um auf der Plattform gezeigt zu werden. Für die Nutzer ist die Plattform kostenlos.

    Mit der Investition von Baloise schliesst Houzy eigenen Angaben zufolge seine Serie-A-Finanzierungsrunde ab. Im Rahmen der Runde habe das Start-up „mehrere Millionen“ Franken für das weitere Wachstum in der Schweiz gesammelt. Neben der Baloise konnte sich Houzy im Sommer auch eine Investition von der Zürcher Grossbank UBS sichern. Die Aktienmehrheit halten nach wie vor die Gründer.

    „Wir haben gezielt Partner gesucht, die nicht nur in Houzy investieren, sondern als strategische Partner zu uns passen. Mit der Baloise und ihrem Home-Ökosystem werden zahlreiche Synergien entstehen, die unsere Entwicklung schneller vorantreiben, worauf wir uns alle sehr freuen“, sagt Stefan Schärer, CEO von Houzy.

  • The hotel construction site in Geroldswil has been secured

    The hotel construction site in Geroldswil has been secured

    With more than 60 percent, the Geroldswilers approved an additional loan of 650,000 francs, which increases the project planning loan, which was too tight in 2017, to around 2.6 million francs. This means that work on the project can continue. A center development with a lower level garage, a major distributor in the basement and apartments on the upper floors are to be created. According to a media release by the municipality of Geroldswil , 872 voters voted for the approval of the additional funds. In contrast, there were 559 no votes with a participation of 50.45 percent.

    The leases for the Hotel Geroldswil and the pizzeria on Dorfplatz are limited in time and will expire on December 31, 2021, the municipality announced when the project was presented . Based on an economic and feasibility study, the two floors with the hotel rooms are to be converted into apartments. As a supplement, a new building with family apartments is to be built as a so-called point building in the north-western part of the property. The current community hall is to be demolished and a new, modern and well-equipped community hall will be implemented as a connecting wing between the current Hotel Geroldswil and the apartment building. There should be space for one or two restaurants on the village square, it said.

    The independent mayor Michael Deplazes is quoted in an article in the “Limmattaler Zeitung”: “The voters recognize the necessity of the project and understand why we are investing in age-appropriate apartments and in new buildings.” According to Deplazes, the planners and architects can now do their work again record: "We put a project freeze until the additional loan was approved because we cannot spend money that we don't even have."

    The next ballot will take place on June 13, 2021. Then the people should decide on the building loan. "We expect an estimated 26 million francs," said Deplazes.

  • Helvetia invests in the RhyTech quarter

    Helvetia invests in the RhyTech quarter

    The RhyTech quarter, which consists of two high-rise buildings, an apartment building and the converted historic Hall 22 of the former Alusuisse area, is intended to combine public and private uses, said Halter AG in a press release . The Zurich-based construction company will implement the RhyTech quarter as a general contractor. Construction work is scheduled to begin in November this year. Completion and occupancy of the quarter are targeted for the first quarter of 2024.

    The general contractor Helvetia Versicherungen was able to win over an investor for the smaller of the two high-rise buildings. The insurance company will realize the planned apartments as rental apartments and also market the restaurant on the 17th floor, explains Halter. "The project is perfectly tailored to the market environment and offers a sustainable investment in an up-and-coming community in the Schaffhausen region", Daniel Wehrli, the responsible project manager at Helvetia, is quoted in the press release. According to her, a tenant has already been found for the restaurant in the high-rise.

    The second high-rise and the apartment building are designed as condominiums. Of the 96 condominiums in the high-rise building, 39 and around a quarter of the apartments in the multi-family house are already taken, writes Halter. In view of the reference date, which is around three years away, this is "a very good reservation status", says Halter CEO Markus Mettler. In addition, Halter has already been able to win Migros as anchor tenant for Hall 22.

  • Zurich's real estate fund is now in the top 3

    Zurich's real estate fund is now in the top 3

    In just two years, Zurich Invest AG has become an important provider of real estate investments, the company writes in a press release . With the capital increase in September and a future total volume of CHF 1.3 billion, your fund “ZIF Immobilien Direkt Schweiz” will become one of the largest unlisted Swiss real estate funds. Zurich Invest Ltd launched the fund in October 2018. The first capital increase took place last year.

    The real estate fund's rapid growth is possible "because Zurich , as a global insurer, is one of the most important property owners in Switzerland and has been able to build up a portfolio of attractive buildings over a long period of time," the press release said. The changed range of life insurance companies also accounts for the 80 percent share of first-class real estate in the Zurich fund. Since they now contain fewer guarantee products, less real estate is required to guarantee the obligations. "This is why Zurich has the opportunity to transfer properties in the most desirable locations to a fund."

    As it is said, the second capital increase will run for around 340 million francs and will take place on October 21. The subscription period is from September 21st to October 2nd. The new tranche comprises a total of 20 properties. "In addition to their prime location, the buildings are characterized by the fact that we are pursuing the goal of operating them in a CO2-neutral manner in the future," said Martin Gubler, CEO of Zurich Invest AG. The first two tranches of the fund in 2018 and 2019 were heavily oversubscribed. He is "extremely satisfied" with his performance.

  • Peach Property wins Ares as anchor shareholder

    Peach Property wins Ares as anchor shareholder

    The Peach Property Group is planning to make further portfolio acquisitions in Germany, explains the Zurich-based company, which specializes in residential real estate, in a press release . Peach Property intends to raise the funds by increasing the capital base by CHF 200 million. A mandatory convertible bond is to be placed for this purpose.

    The subscriber of three quarters of the mandatory convertible bond has already been determined, Peach Property informed in the message. Specifically, a fund of the globally active manager of alternative bonds, Ares Management Cooperation , will subscribe to 150 million francs. This means that Ares will secure a stake of around 30 percent in Peach Property and become the largest single shareholder in the Zurich real estate company, according to the announcement. In the course of the entry, the Managing Director of the Ares Real Estate Group, Klaus Schmitz, is to be elected to the Board of Directors of the Peach Property Group.

    "We are very pleased to be able to win Ares as a new anchor shareholder with extensive experience in the German residential real estate sector", Thomas Wolfensberger, CEO of the Peach Property Group, is quoted in the press release. Ares, in turn, sees the stake in the Zurich real estate company "as an excellent opportunity to invest in one of the more defensive asset classes in Europe and at the same time to benefit from the attractive growth of the Peach Property Group", explains John Ruane, Co-Head of the Ares European Real Estate Group.

  • Real estate summit sheds light on change

    Real estate summit sheds light on change

    The topic of change was already the focus of this year's Real Estate Summit of Flughafenregion Zürich AG ( FRZ ) in the opening speech by André Ingold. Specifically, the newly elected President of the FRZ presented the around 20 major construction projects planned or under construction in the airport region, explained the FRZ in a communication on the event. Ingold had highlighted the planned Steinacker district in Kloten as an example. An urban area for 6,700 residents and 4,000 employees is to be created here along the Glattalbahn.

    The FRZ was able to win the longstanding Federal Minister and former German Vice Chancellor (SPD), Sigmar Gabriel, as the main speaker. The former top politician, who was elected to the Supervisory Board of Deutsche Bank in May, addressed the challenges for Europe such as Brexit, the coronavirus pandemic and the trade war between the USA and China. With regard to Switzerland, Gabriel stated that the development of Switzerland indicated that “the path this country has taken so far has been the right one”. The country has "developed so well precisely because of the close and relaxed relationship with the EU," said Gabriel.

    Tobias Straumann outlined his view of developments in the real estate market. "In the next one to two years the probability of a real estate crisis is zero," the economic historian is quoted as saying in the press release. According to him, there is no threat of an interest rate shock or “ruinous cutthroat competition”.

    In other presentations, entrepreneurs such as André Wyss, CEO of Implenia AG , Christine Novakovic, CEO of UBS Europe SE , Romeo Deplazes, Division Manager Solutions and member of the management of Energie 360 ° AG , and Rudolf Tschopp, Partner at Asia Green Real Estate , presented the strategies their companies in dealing with the global transformation processes.

  • Real estate summit sheds light on change

    The topic of change was already the focus of this year's Real Estate Summit of Flughafenregion Zürich AG ( FRZ ) in the opening speech by André Ingold. Specifically, the newly elected President of the FRZ presented the around 20 major construction projects planned or under construction in the airport region, explained the FRZ in a communication on the event. Ingold had highlighted the planned Steinacker district in Kloten as an example. An urban area for 6,700 residents and 4,000 employees is to be created here along the Glattalbahn.

    The FRZ was able to win the longstanding Federal Minister and former German Vice Chancellor (SPD), Sigmar Gabriel, as the main speaker. The former top politician, who was elected to the Supervisory Board of Deutsche Bank in May, addressed the challenges for Europe such as Brexit, the coronavirus pandemic and the trade war between the USA and China. With regard to Switzerland, Gabriel stated that the development of Switzerland indicated that “the path this country has taken so far has been the right one”. The country has "developed so well precisely because of the close and relaxed relationship with the EU," said Gabriel.

    Tobias Straumann outlined his view of developments in the real estate market. "In the next one to two years the probability of a real estate crisis is zero," the economic historian is quoted as saying in the press release. According to him, there is no threat of an interest rate shock or “ruinous cutthroat competition”.

    In other presentations, entrepreneurs such as André Wyss, CEO of Implenia AG , Christine Novakovic, CEO of UBS Europe SE , Romeo Deplazes, Division Manager Solutions and member of the management of Energie 360 ° AG , and Rudolf Tschopp, Partner at Asia Green Real Estate , presented the strategies their companies in dealing with the global transformation processes. hs

  • The renovation rate for buildings is still too low

    The renovation rate for buildings is still too low

    In 2019, the federal and cantonal building program paid out around CHF 265 million in subsidies, a quarter more than in the previous year. This emerges from the 2019 annual report of the building program. This program is an important pillar of Swiss energy and climate policy. It is based on Article 34 of the CO2 Act .

    According to a press release from the building program, applicants received a total of around CHF 265 million in funding in 2019 (2018: CHF 211 million). Most of the funding last year went to thermal insulation projects with CHF 133 million. The greatest growth was recorded in subsidies for system renovations; they rose by 70 percent to 60 million francs. Solar and ventilation systems were funded with 35 million francs. 4,100 fossil fuel systems have been replaced with renewable energy heating systems, most commonly a heat pump.

    According to the announcement, the measures implemented in 2019 thanks to subsidies will save 5.4 billion kilowatt hours of electricity and 1.2 million tons of CO2 over their entire service life. But the renovation rate is too low to achieve the Swiss energy and climate targets for buildings. In order to offer a greater incentive, higher funding rates have been granted since 2019. This has reduced the effect achieved: While in 2018 159 francs were used per ton of CO2 saved, it was 205 francs in 2019. The increase in the more cost-intensive system renovations also reduced the effect per Swiss franc granted.

    The employment effect of the building program is positive: it is 2100 full-time equivalents and around 82 million francs of additional domestic added value.

  • Epic Suisse wants to join SIX

    Epic Suisse wants to join SIX

    Epic Suisse AG wants to go public in the coming months. By issuing new shares, the company aims to generate gross proceeds of around CHF 200 million, according to a press release .

    Epic Suisse intends to use the net proceeds from the IPO primarily to finance future acquisitions, for ongoing development projects and for general corporate purposes. In addition, debts should be paid off with the fresh money. Last but not least, the IPO is intended to increase public awareness of the company.

    Epic Suisse's portfolio includes 24 properties with a market value of CHF 1.3 billion. The company specializes primarily in office and logistics buildings as well as shopping centers. Most of the properties in his portfolio are located in the Lake Geneva region and in the Greater Zurich Area.

    Since it was founded in 2004, Epic Suisse has been owned by the Israeli Alrov Group and the Greenbaum family. You will not sell any shares as part of the IPO and you want to continue to be involved in the long-term development of the company.

  • Houzy expands into western Switzerland

    Houzy expands into western Switzerland

    The Zurich-based start-up company Houzy operates a platform that intelligently links data and uses it to derive recommendations for homeowners. For example, it can be calculated there when the heating is to be renovated and how much money should be put aside for it. A property valuation is also part of the Houzy offer.

    In the first two years since it was founded, the company focused primarily on product development, Houzy said in a press release. The company has already successfully established itself in German-speaking Switzerland and has increased the number of its users to more than 18,000. In addition, UBS only joined Houzy in July. The Zurich big bank operates its own digital real estate platform with key4 , on which mortgages for real estate buyers are brokered.

    The next step for Houzy was the expansion into French-speaking Switzerland, the message continues. To this end, the company is now making all the services and functions of the platform available in French. The integration of Italian-speaking Switzerland is planned for the first quarter of next year.

  • MoneyPark launches real estate platform

    MoneyPark launches real estate platform

    "We founded MoneyPark in 2012 with the aim of making the mortgage market more accessible and transparent for everyone," said Stefan Heitmann, CEO and founder of MoneyPark , in a message from the fintech company based in Pfäffikon SZ. MoneyPark now wants to bring this transparency to the real estate market as well. A mixture of technology and personal advice is intended to simplify the purchase and sale of real estate.

    To this end, MoneyPark has developed a new platform on which buyers and sellers can be brought together. MoneyPark explains that the platform compares customers' search criteria with information on properties available on the market. Owners of a home can also track the value development of their own property. The platform, which is currently only available to MoneyPark customers, is to be opened up to other interested parties in the future.

    The new digital offer is supplemented by personal advice from real estate experts from MoneyPark. "The combination of data technology and independent mortgage and real estate experts who support our customers every step of the way is unique on the Swiss market," says Heitmann. "The data accessible on the platform create a transparent customer experience with an unprecedented density of information and help make buying and selling decisions easier and easier to implement."

  • SVIT-Digital Day shows software for management of management

    SVIT-Digital Day shows software for management of management

    The Swiss Association of the Real Estate Industry (SVIT) is holding Digital Day 2020 on Monday, September 21 in the Kosmos in Zurich. From 11 a.m. to 6 p.m., visitors can collect information on the subject of digitization in the real estate world with free admission. On the digital day of the real estate industry, the organizing commission “SVIT Digital” is also launching a “Meet and Greet” for all visitors to the event on this day. They can discuss their digital concerns directly with proven professionals and other visitors at the big table and work out possible solutions, according to the announcement for the digital day.

    According to the organizer Pape Werbe AG from Weiningen ZH, more than 40 exhibitors will be present in the Kosmos and many lectures will be held on specialist topics such as "Digital Signature" or "The 3 Levels of Digitization in Property Management". During the entire event, it will be ensured that the current protection concepts due to the corona pandemic are adhered to.

  • Rents rose in August

    Rents rose in August

    In August, asking rents in Switzerland rose by 0.26 percent. The upward trend is particularly confirmed in the annual analysis with a plus of 0.88 percent. This is shown by the current rental price index figures from homegate.ch and Zürcher Kantonalbank ( ZKB ). It measures the monthly, quality-adjusted change in rental prices based on current market offers.

    The rental price development in the canton of Thurgau is striking, according to a media release from the real estate marketplace homegate.ch. The rent there rose by 0.71 percent, almost three times the Swiss average. The canton of Valais also shows a noticeably higher value with a plus of 0.62 percent. In the cantons of Zurich, Glarus, Appenzell Ausserrhoden and Appenzell Innerrhoden, apartment hunters are confronted with rents that have risen by 0.50 percent, in Schaffhausen it is plus 0.49 percent. On the other hand, Geneva recorded the steepest decline with a minus of 1.48 percent. The rent index is only stagnating in the cantons of Basel-Stadt and Schwyz.

    The cities of Geneva (-2.43 percent) and Lugano (-1.41 percent) recorded a large decline. In contrast, asking prices in the city of Zurich rose (+1.31 percent). Only in the city of Basel does the rent index remain unchanged.

  • Properties are facing a round of financing

    Properties are facing a round of financing

    Almost a year ago, Levent Künzi, former COO of Betterhomes , and his brother Adrian Künzi founded the company properti . The two brothers want to change the real estate industry with the digital real estate broker, explains properti in a press release. The target group of the young company from the Zurich economic area are private owners of rental apartments. According to the announcement, they currently make up around half of all owners of around 4.5 million apartments across Switzerland.

    Propertyi works according to the motto manage centrally, mediate decentrally, is further explained in the communication. "We focus on the niche market of private owners and offer a comprehensive service for everything to do with the sale and rental of real estate," Levent Künzi is quoted there. At the same time, properti's processes are completely digitalized.

    After only ten months on the market, properti has already grown to 40 employees. You are currently looking after "over 300 active properties in German-speaking Switzerland and by then have already managed over 230 brokerages with a sales volume of around 40 million – despite Corona," says Levent Künzi. The two brothers want to carry out a first round of financing shortly. McMakler is named as a role model in the communication. The German company managed to collect 50 million euros and increase the company's value to 230 million euros.

  • PriceHubble is taking in fresh money

    PriceHubble is taking in fresh money

    PriceHubble has completed a successful financing round and raised several million Swiss francs, according to a message from startupticker.ch. The round was led by the Helvetia Venture Fund and Swiss Life. The investors also include the Austrian real estate company Soravia and Frank Strauss, former CEO of Deutsche Postbank.

    PriceHubble makes it possible to gain useful knowledge for the valuation of real estate from large amounts of data. With the company's solution, for example, data on the location, the neighborhood or noise pollution can be evaluated and clearly presented with the help of big data analytics and artificial intelligence. PriceHubble is aimed at all parties in the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.

    According to the announcement, the company is already successful in German-speaking countries, France and Japan. In the past twelve months, PriceHubble has quintupled the number of its customers to several hundred and doubled the number of employees to 72.

    With the fresh money, the international growth is to be further promoted. "With the newly acquired financial resources, we are ideally equipped for further expansion and can further expand our top European position as proptech for data-driven real estate valuations and location analyzes", PriceHubble founder Stefan Heitmann was quoted as saying.

  • Real estate market defies the pandemic

    Real estate market defies the pandemic

    300 players in the real estate market took part in this year's summer survey, CSL Immobilien informs in a press release . The record high participation shows "how strongly real estate companies, funds and investors are currently interested in exchanging current market information," it said. According to the results of the survey, the economic downturn associated with the coronavirus pandemic had little impact on the real estate market.

    "The turning point in the real estate market caused by the pandemic is significantly less than expected," said Patricia Reichelt, Head of Research & Market Analysis at CSL Immobilien, quoted in the press release. According to the results of the survey, the differences in the housing market compared to the previous year are “so minimal in all five regions in both the property segment and the rental housing market that no general trend is discernible,” the press release said. When it comes to the development of purchase prices, the market players anticipate that the prices for single-family houses will rise more significantly than the prices for condominiums.

    But the demand for office space is "still there despite the corona shock," writes CSL Immobilien. Here, growing or newly founded companies generated additional demand “despite overall falling overall demand”, explains the company. “In the Greater Zurich Area, demand in these two categories fell by a third compared to the previous year. But still 16% of the survey participants stated that growth or start-ups were the main motivation for the demand ”, it says in the communication. In Basel this would be the case for a third of those surveyed, in Bern for 16 percent. In Geneva and Lausanne, however, growth or start-ups were not mentioned as a reason for demand. In the opinion of CSL Immobilien, however, the additional demand could mean that the demand for office space will fall significantly less sharply in the coming years than after the financial crisis in 2008.

  • Corona-influenced half-year results of the Zug Estates Group

    Corona-influenced half-year results of the Zug Estates Group

    • The property income increased by 5.4% compared to the same period of the previous year
    • CHF 28.2 million
    • Doctorate profit before taxes of CHF 9.5 million in the Aglaya project
    • The group result amounts to CHF 8.3 million (previous year period: CHF 26.1 million). Without
    • Revaluation and special effects reduced the group result from CHF 15.4 million.
    • to CHF 11.9 million
    • Solid capital base with an equity ratio of 55.7% (54.7% as of December 31, 2019)

    At Zug Estates, too, the first half of 2020 was dominated by the challenges we were faced with by the COVID-19 pandemic.

    In the real estate sector, many of our tenants had to close their shops during the officially ordered lockdown. This mainly affected our retail tenants and thus the Metalli shopping mall. In the Hotel & Gastronomy segment, the almost complete standstill of international business travel led to a considerable drop in sales.

    Fortunately, despite Corona, we were able to hand over all of the remaining 49 condominium units of the Aglaya doctoral project to their new owners on time. In addition, we have already been able to find a partnership-based and conclusive solution for a one-off rent waiver with over 90% of the tenants directly affected by the lockdown.

    In the first half of 2020, the group result was CHF 8.3 million, 68.3% below the previous year's period (CHF 26.1 million). Adjusted for revaluation and special effects, the declining figures in the Hotel & Gastronomy segment in particular lead to a reduction in consolidated earnings by 22.7% from CHF 15.4 million to CHF 11.9 million.

    Increase in property income with significantly lower hotel and catering sales

    The full period of validity of rental contracts, the majority of which were concluded in the previous year, increases property income in the first half of 2020 compared to the same period in the previous year by 5.4% to CHF 28.2 million. Due to the COVID-19 pandemic, rent payments of CHF 0.7 million were granted.

    Income in the Hotel & Gastronomy segment fell from CHF 8.2 million to CHF 3.6 million. The occupancy of our hotels was temporarily reduced to less than 10% during the lockdown. Since then we have been able to record growth again, but are still well below the corresponding prior-year figures. The gross operating profit (GOP) is only 7.8% compared to 39.3% in the first half of 2019.

    The sale of the last 49 condominiums in the Aglaya project resulted in income of CHF 72.5 million and a pre-tax promotion profit of CHF 9.5 million
    In the Aglaya doctoral project, we were able to generate a return on the investment volume of 17.3%. Since no sales revenue was posted in the same period of the previous year, there was an overall significant increase in operating income from CHF 36.7 million to CHF 105.4 million.

    The real estate portfolio was valued a total of CHF 13.6 million lower, which corresponds to around 0.9% of the portfolio value of all investment properties as of June 30, 2020 and is due to a slightly more conservative assessment of the market rents for retail space in general and individual specific office spaces. In the same period of the previous year there was a revaluation gain of CHF 11.5 million.

    The average interest rate of the interest-bearing debt capital could be further reduced from 1.4% to 1.3%. As expected, the significantly lower construction activity led to a decrease in capitalizable interest and a corresponding increase in financial expenses from CHF 2.5 million to CHF 3.5 million.

    Stable portfolio with a higher vacancy rate

    At CHF 1.63 billion, the market value of the portfolio is at the same level as on December 31, 2019. In the first half of 2020, the last building in construction site 1 in Rotkreuz was put into operation. As expected, this increased the vacancy rate from 3.3% as of December 31, 2019 to 5.3% as of June 30, 2020. We invested a total of CHF 16.2 million in our portfolio in the reporting period. The weighted average remaining lease term (WAULT) is 6.7 years (6.8 years as of December 31, 2019), a very high level compared to the industry.

    While our residential products are enjoying very good demand in the current market environment, we are currently noticing a certain reluctance due to the COVID-19 pandemic, especially among those who are interested in office space. However, we are confident that the centrally located, high-quality and sustainably operated office space at Zug Estates will continue to be in high demand in the future. Fortunately, the number of inquiries for retail space in Metalli remained stable. We currently have no evidence of a decline.

    Solid capital base

    With the repayment of funds from the sale of the last apartments in the Aglaya and despite the distribution of a special dividend, the interest-bearing debt capital was reduced from CHF 597.4 million to CHF 587.1 million in the first half of 2020. The average remaining term of this financing is 4.8 years (previous year: 5.2 years). With an equity ratio of 55.7% higher by one percentage point, Zug Estates has a very solid equity base.

    Project development with a focus on the Metalli habitat

    After the city of Zug and Zug Estates presented the first result of the joint planning process for the “Metalli living space” in March 2020, a feasibility study was carried out with the specialist planners. The alignment project and the application for adapting the two development plans concerned are currently being drawn up with all the relevant documents. The guideline project is to be submitted to the city of Zug in the third quarter of 2020. The legally amended development plans are expected in 2022/23.

    After receiving the building permit, the Board of Directors approved the planning phase for the last two buildings (S43 / 45) on the Suurstoffi site in Rotkreuz. The start of construction will be triggered as needed, taking into account the market recovery in connection with COVID-19.

    Step-by-step implementation of the sustainability strategy

    The connection of the Metalli-Gevierts to the lake water network Circulago could take place according to plan in April 2020. The corresponding contracts for the connection of the remaining 16 properties were signed in December 2019. Commissioning is to take place in stages in 2021, 2023 and 2025. From this point in time, Zug Estates will be able to operate its entire portfolio almost CO2-free.

    Public electric charging stations have been available to customers on the Metalli shopping street since the beginning of June. Two of the six stations are high-performance fast charging stations, the first in the city of Zug.

    The installation of the CO2-neutral cooling in the rooms of the Parkhotel Zug was completed on schedule in April 2020, which means a significant increase in comfort for the guests from now on.

    Outlook 2020

    Due to the temporary effect of the rent reductions in connection with COVID-19, we continue to expect increasing rental income for the year as a whole. As a result of increased renovation and maintenance work or lower capitalizable financing costs, real estate expenses and financial expenses will be higher.

    In the Hotel & Gastronomy segment, we are assuming that sales and GOP will be well below the previous year's level due to the considerable drop in sales due to the stoppage of international business transactions by our regular customers, although the developments in the second half of the year are difficult to forecast.

    Therefore, both an operating result before depreciation and revaluation and a consolidated result without revaluation and special effects are expected to be significantly below the previous year.

  • CBRE STRENGTHENS POSITION IN WESTERN SWITZERLAND

    CBRE STRENGTHENS POSITION IN WESTERN SWITZERLAND

    Real estate consultancy CBRE today announced the opening of its new office in Lausanne. The new office is located in the heart of Lausanne on Rue Saint-Martin and will be a strategic location to strengthen CBRE's proven presence in the real estate market in French-speaking Switzerland.

    In autumn 2019, CBRE announced the acquisition of i Consulting SA, a renowned provider of valuations, market analyzes and consulting services for real estate. Around 20 employees will now work together in the new office in Lausanne. This physical merger of the two teams is an important step in the already successful integration. The new office in Lausanne relies on a modern room concept 'New Ways of Working', which enables flexible working.

    Headed by Vincent Leroux, the Lausanne office advises investors, property users and developers on all property issues. In connection with the close proximity to the market and detailed knowledge of the structures within the region, ideal on-site consulting services can be offered. CBRE currently employs more than 120 people in Switzerland with headquarters in Zurich, Geneva, Basel and Lausanne.

    The managing director of CBRE Switzerland, Florian Kuprecht, comments on the opening: "Understanding the market and customer needs is crucial for our business. The opening of the new office in Lausanne enables us to advise customers in this important market area with even greater local expertise . The continued expansion and diversification of CBRE in Switzerland reflects our claim to tailor our range of services more and more to the needs of our customers. "

  • Energie Zukunft Schweiz launches climate bonus for wood heating

    Energie Zukunft Schweiz launches climate bonus for wood heating

    Energie Zukunft Schweiz and Holzfeuerungen Schweiz ( SFIH ) are promoting wood heating systems with a new climate bonus. This is intended to reward those who replace the fossil fuels oil or gas with local wood. Because, according to a press release , previous funding programs are aimed primarily at small residential buildings and not at industrial and commercial buildings, this premium is aimed at medium-sized and large heating systems.

    “Thanks to the generous climate bonus from the funding program and the simple handling of Energy Future Switzerland, this gap has now been closed. And that is the same for the whole of Switzerland, ”says the announcement. This would mean that medium-sized and large wood heating systems would be “not only the most climate-friendly, but also the most economical variant”. Heating with wood protects the climate, promotes local added value and contributes to a healthy forest. This program is regulated by the Federal Office for the Environment ( FOEN ).

    The subsidy amounts to 18 cents per kilowatt hour or 1.80 francs per liter of oil or cubic meter of natural gas saved. Energie Zukunft Schweiz calculates that “with correctly dimensioned heating” this corresponds to 360 francs per kilowatt of power. For example, for a block of flats with ten apartments, the investment costs could be reduced by 70 percent. According to Energie Zukunft Schweiz, the savings for large heating systems with an output of more than 200 kilowatts, for example for community buildings, industrial companies and large office buildings, are particularly interesting.

  • Basel zero energy house exceeds planning values

    Basel zero energy house exceeds planning values

    The first apartment building in the canton of Basel to be certified according to the highest Swiss Minergie-A-Eco standard was moved into in 2015. As an investor, Immobilien Basel-Stadt commissioned the University of Applied Sciences Northwestern Switzerland ( FHNW ) to carry out a study three years ago. This long-term monitoring should clarify whether the demanding energy goals are being achieved and how the house is being accepted by the residents.

    The new building at Basel Aescherstrasse 12 includes seven age-appropriate apartments with two and a half and three and a half rooms. According to a media release from Immobilien Basel-Stadt, the team of experts from the FHNW Institute for Energy in Buildings compared the calculated demand values from the planning with the actual consumption values in operation. The survey of the residents showed that the room temperature in most apartments is higher than the standard value from the planning.

    Since the house should generate at least as much energy for the Minergie-A certification as is used all year round for heating, cooling and ventilation, it was then examined how the increased room temperatures affect heating energy consumption. The measurement results showed that, on the one hand, the heat pump was “much more efficient than assumed”. "On the other hand, the yield from the photovoltaic system on the roof was significantly higher than planned."

    The energy production in the house today also exceeds the total electricity demand on an annual basis. There is potential for optimization through a partial waiver of building automation. This could improve the solar input in winter and night cooling in summer.

    "The building concept has proven itself in operation", summarizes Immobilien Basel-Stadt. "The ambitious goals of sustainable building could also be achieved in practice without having to accept compromises in terms of comfort."

  • St.Gallen receives future-oriented development

    St.Gallen receives future-oriented development

    Previs Vorsorge is responsible for the new development in St.Gallen, according to a media release from the pension fund. The wooden superstructure will consist of two buildings with space for 110 rental apartments. The focus is on future viability and sustainability.

    Certified wood and recycled concrete are used as building materials. Since the components are prefabricated, the construction time can also be reduced. It will be possible to move in as early as autumn 2021. There are numerous different apartment sizes available to those interested, from studios to 5.5 rooms.

    A roof system contributes solar power, in principle the apartments are supplied with 75 percent renewable energy via district heating. There is a car sharing service available to residents, and they can also charge their electric cars in underground parking spaces. In addition, they can read their personal electricity consumption in real time via a so-called smart home system. A green space will be created between the two buildings, which will contribute to biodiversity with birdhouses and insect hotels.

    Interested parties already have the opportunity to view the apartments in advance using VR (virtual reality) glasses.

  • Rental prices also rise in the Corona crisis

    Rental prices also rise in the Corona crisis

    As a result of the corona pandemic, an escape from the cities to the countryside or to rural residential areas was expected in the real estate sector because of the supposedly lower risk of infection there compared to overcrowded cities. That has not happened so far. On the contrary, according to the press release on the half-year report prepared by homegate.ch in collaboration with Zürcher Kantonalbank ( ZKB ), cities in particular continue to be very attractive.

    Throughout Switzerland, asking rents have risen by 0.4 percent since the beginning of the year. The slight downward trend of previous years has thus ended and was already broken in mid-2019. The higher rents are particularly evident in the cantons of Geneva with a plus of 4.5 percent, Jura with 1.7 and Uri with 1.5 percent. This trend can also be seen in most of the other cantons, with a few exceptions such as in the cantons of Obwalden and Nidwalden with minus 0.5 percent each, Graubünden and Basel-Land (-0.4 percent) and Ticino (-0.3 percent ). They are still suffering from the weakness in rent trends over the past few years. Vacancies are recorded in many rural cantons and municipalities.

    The half-yearly balance points to the robust rental price development in the cities of Geneva (+3.8 percent) and Zurich (+1.4 percent). This contradicts the expectations regarding the effects of the Corona crisis. However, the report points out, the rental situation could change for another reason, but one caused by Corona. The influx from abroad is likely to decrease and this can lead to downward pressure on rental prices in the case of vacancies, especially in many rental apartment projects that have been started due to the high influx of people to date.

  • PriceHubble takes over Checkmyplace

    PriceHubble takes over Checkmyplace

    PriceHubble takes over 100 percent of the shares in Checkmyplace GmbH , according to a media release . According to co-founder Markus Stadler, the company wants to strengthen its position in the German-speaking area. "We can now also offer multinational real estate companies in the DACH region additional added value," he says.

    PriceHubble makes it possible to gain useful knowledge for the valuation of real estate from large amounts of data. For example, it includes data on the location, the neighborhood or noise pollution in the assessment. The data is evaluated and clearly presented with the help of big data analytics and artificial intelligence. PriceHubble is aimed at all parties in the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.

    Checkmyplace delivers services and products based on various data and supports professional users in the real estate industry in working more efficiently. After completion of the takeover, the company will appear under the name PriceHubble Austria.

    PriceHubble was founded in 2016. The Zurich-based company already has locations in Paris, Berlin and now also in Vienna. As a result of the takeover, over 70 employees work for the company.

  • Graubünden luxury residences should be vacant less often

    Graubünden luxury residences should be vacant less often

    The University of Applied Sciences of Graubünden has examined how the added value of luxury residences that are often vacant can be improved. In this context, the Institute for Tourism and Leisure ( ITF ) investigated the question of how their owners can become convinced renters. In Graubünden they have been “neglected”, writes the FH in a press release . However, because the trend is moving from overnight stays in a hotel to one's own holiday home, this clientele should not be neglected.

    However, the existing data is too thin for a needs analysis. Therefore, in their study, the researchers examined the willingness to rent similar prestige properties. In the global yacht charter market, they identified high administrative hurdles as well as psychological motives as an obstacle to renting out. These include encroachments on privacy and limited flexibility in personal use.

    The most important finding from this needs analysis, however, is "that both the rental of superyachts and luxury residences are a matter of trust". So that the potential of the often vacant luxury properties in the high-priced Alpine destinations can be used, "all tasks that arise must be managed by a coordinator role". It is your job to guarantee that all service participants work together as smoothly as possible. “The rest then comes naturally, because satisfied landlords generate satisfied tenants,” says the message.

  • Virtual real estate fair Home-E-Fair starts

    Virtual real estate fair Home-E-Fair starts

    The idea for the Home-E-Fair was born out of necessity, according to a media release. Because the real estate trade fair season has so far completely fallen into the water due to the Covid 19 crisis. Georges Luks, CEO and Delegate of the Board of Directors of Zurich Sotheby's International Realty , explains how the idea came about to replace trade fairs with a physical presence with a virtual one: “In the home office, it became clear to us that such a trade fair could actually be virtual without any problems can take place. With Crowdhouse we were able to set up this pilot project in a short time. We believe that this model will also be relevant in the future and are motivated to set up further virtual trade fairs on an even larger scale. "

    At the five-day virtual trade fair from July 22nd, interested parties can log into the trade fair platform from home, study real estate offers, and exchange ideas with consultants via live or video chat. In addition, as at every real estate fair, a number of roundtables and lectures are offered.

    At the fair, the partners Zurich Sotheby's International Realty and Crowdhouse complement each other in real estate, from condominiums to multi-family houses, in which Crowdhouse specializes. Ardian Gjeloshi, founder and Chairman of the Board of Directors of Crowdhouse: "Both Zurich Sotheby's International Realty and Crowdhouse speak to the same target group – but from different perspectives: living and investing."

  • Swiss Prime Site Solutions is developing a new quarter

    Swiss Prime Site Solutions is developing a new quarter

    Swiss Prime Site Solutions is developing a new “living space” for the Swiss Prime Investment Foundation, as stated in a press release by Swiss Prime Site Solutions . The foundation stone for the Riverside project was laid on July 10, 2020. The development is under the motto "Urban living – surrounded by nature". Construction work will begin in the northwest, where the area is located directly on the Aare and closest to the city of Solothurn. From there, the new quarter will develop in further construction stages to the south and east.

    "Anyone who lives and works in the Riverside has, in addition to a chic apartment or a modern workplace with modern infrastructure, a multi-faceted quarter including local recreation on the Aare that meets the highest demands," explains Anastasius Tschopp, CEO of Swiss Prime Site Solutions. He speaks of a "lighthouse project for our client Swiss Prime Investment Foundation (SPA) and at the same time important for the entire Solothurn region".

    Initially, 140 rental apartments are to be built directly on the banks of the Aare. The first tenants should be able to move in in winter 2021. More than 280 Swiss pension funds are both financiers and investors in the SPA. "We are currently carrying out the sixth emission for the SPA," said Tschopp. The subscription period lasts until July 22, 2020. The development program of the customer SPA currently amounts to around CHF 600 million and includes projects and real estate across Switzerland.

  • Pandemic slows the housing market

    Pandemic slows the housing market

    The coronavirus pandemic has left its first traces on the housing market, writes SVIT Switzerland in a message on the current online housing index ( OWI ). It is determined every six months by the Association of the Real Estate Industry in cooperation with the Zurich School of Economics ( HWZ ).

    According to the current OWI, the number of advertisements for rental apartments placed on Swiss real estate marketplaces increased by 4 percent year-on-year to around 380,000 rental apartments between April 2019 and March 2020. A simultaneous decrease in the number of days on the market indicates a further increase in demand for rental apartments, explains SVIT.

    However, the lockdown officially ordered in March to contain the coronavirus pandemic led to a 31 percent decline in the number of advertisements across Switzerland compared to the first half of March, SVIT further informs in the press release. “Despite this massive drop in supply”, the time on the market only fell by just under 5 days or 12 percent. This means that "the demand has also decreased by more than a third," writes SVIT.

    In the twelve largest cities in Switzerland, the decline was "even more striking", explains the real estate industry association. In Lugano, the number of advertisements fell by 75 percent in the reporting period, while in Bern, Zurich and Winterthur there were 40 percent fewer advertisements than in the first half of March. A simultaneous only below average decrease in the time on the market shows that “the demand has collapsed even more or has come to a complete standstill,” writes SVIT. The association assumes that there could possibly be a catch-up effect in the second half of this year.

  • Swiss Life takes over Glattzentrum

    Swiss Life takes over Glattzentrum

    As part of the focus on the company's core areas, Migros is giving up real estate management. The association has now sold its Glatt shopping center in Wallisellen to Swiss Life . The buyer will take over the Glattzentrum “as part of its asset management activities for third-party customers”, explains Migros in a corresponding communication . According to her, the partners have agreed not to disclose the purchase price.

    Swiss Life will take over the shopping center with unchanged rental contracts and will continue to develop it in the long term, the announcement further explains. The Glattzentrum is "one of the pioneers in Switzerland when it comes to the combination of shopping, adventure and meeting point," Stefan Mächler, Head of Investments at Swiss Life, is quoted there as saying. "We want to strengthen this market position in the future and we are convinced that the Glattzentrum is a very attractive investment property in the medium to long term." The Migros stores located in the Glattzentrum are to be continued unchanged and with long-term rental agreements.