immo!nvest – Die Plattform für Standorte und Immobilien

Tag: immobilien

  • New energy supplier for Uettligen

    New energy supplier for Uettligen

    CKW has taken over the Uettligen heating network with effect from 27 August 2024. According to a press release, the energy supplier from Central Switzerland, which is part of the Axpo Group, intends to expand its decarbonisation strategy. The plants of the heating network north of Bern will continue to be maintained on behalf of CKW by the previous operator and main shareholder a energie AG from Schüpfen BE. Due to an adjustment in a energie’s strategy and the pending further expansion of the heating network, a buyer for the heating network was reportedly being actively sought.

    The acquisition of the Uettligen heating network joins the existing CKW portfolio of district heating networks such as Schüpfheim LU and Meggen LU. According to the press release, CKW will focus on modernising the plants and expanding the district heating network.

    “CKW is looking forward to the collaboration and is proud to be able to continue and further develop the well-functioning Uettligen district heating network,” said Rafael Mesey, Head of New Energies at CKW. “With CKW AG, we will have a reliable and strong partner for our customers in the heating network in the future,” adds Christian Cappis, the outgoing Chairman of the Board of Directors of the Uettligen heating network.

  • Fire services rely on climate-friendly hydrogenated vegetable oil

    Fire services rely on climate-friendly hydrogenated vegetable oil

    GVZ is testing the use of hydrotreated vegetable oil (HVO) as a fuel for fire engines in a pilot project. “From today, Schutz & Rettung Zürich, the Kloten and Wallisellen fire brigades, the Männedorf-Uetikon fire brigade and the St.Gallen professional fire brigade will be refuelling some of their vehicles with HVO,” GVZ announced in a press release. The five fire brigades are particularly suitable for participating in the project as they have their own refuelling facilities.

    “We would like to thank the five fire services for their participation in this promising project and look forward to the initial results,” said Renato Mathys, Head of Fire Services at GVZ, in the press release. “Our aim is to make a contribution to improving the environmental footprint of fire engines.” GVZ has procured a total of 28,000 litres of HVO for the pilot project. It is also paying the difference between the price of the fossil-free fuel and the current price of diesel.

    According to the press release, hydrogenated vegetable oil has a significantly better carbon footprint than diesel and also scores highly in terms of energy density and storage stability. As the biofuel is produced from used cooking oils and fats, its production is not at the expense of food production. The GVZ cites its uncomplicated use as a further advantage: “Diesel engines do not have to be expensively converted, but can be operated and maintained according to the same plan as when running on diesel fuel.”

  • Alpnach military airfield to be expanded

    Alpnach military airfield to be expanded

    The Federal Department of Defence, Civil Protection and Sport(DDPS) is having a new vehicle parking hangar and a multifunctional workshop extension built at the Alpnach military airfield. The DDPS is investing a total of CHF 18 million in this project. The ground-breaking ceremony on 21 August marked the start of the construction work, which is scheduled to last until the beginning of 2026, the DDPS reported in a press release. According to the press release, around two thirds of the contracts were awarded to companies from central Switzerland.

    The single-storey vehicle hall will cover almost 2,000 square metres and will be built in the eastern part of the airfield. Specialised vehicles and emergency equipment will be housed here in future. The new building will obtain its heat energy from energy piles.

    The new workshop hall will be built as an extension to an existing hall in the western part of the airfield. In future, large specialised vehicles will be maintained there. The new building, measuring around 1,400 square metres, will provide space for a workshop, a work yard and a car wash. Office workstations, cloakrooms and ancillary rooms for operating materials will also be set up there. The extension will be supplied with thermal energy via district heating from the Alpnach Corporation.

    Both buildings will be constructed to “high ecological standards”, writes the DDPS. Plans include façades made of wooden louvres. Photovoltaic systems installed on both roofs will produce a total of around 324 megawatt hours of electricity per year.

  • Portfolio expanded with third green bond

    Portfolio expanded with third green bond

    Zug Estates Holding AG placed its third green bond on August 26 with payment on September 30, the real estate company specializing in the development, marketing and operation of properties in the Zug region announced in a press release. The bond, which is aimed at institutional investors, has a volume of 100 million Swiss francs, a term of seven years and an interest rate of 1.65 percent.

    Zug Estates had already issued its first green bond in 2019. In 2022, the real estate company then switched its bond portfolio entirely to green bonds. Green buildings currently account for around 95% of Zug Estates’ total portfolio. Properties are classified as green buildings if they have less than 1 kilogram of greenhouse gas emissions per square meter of energy reference area.

    In future, Zug Estates wants to be able to offer other types of green financial instruments in addition to green bonds. To this end, the real estate company has expanded its green bond framework to include a green finance framework. As part of the expansion, Zug Estates has obtained a second opinion from International Shareholder Services (ISS) Corporate Solutions. The agency, which specializes in ESG research and ratings, awarded the real estate company a C rating and thus prime status on August 23.

  • ZHAW awards 77 Bachelor’s and 10 Master’s degrees

    ZHAW awards 77 Bachelor’s and 10 Master’s degrees

    On Friday, 30 August 2024, the graduates of the ZHAW Bachelor’s degree programme in Facility Management and the Master’s degree programme in Real Estate & Facility Management were presented with their diplomas at the Technopark Zurich. A total of 47 women and 40 men received their long-awaited diplomas, marking the end of an intensive and successful period of study.

    Prof Dr Urs Hilber, Director of the ZHAW Department of Life Sciences and Facility Management, gave the opening speech at the ceremony. He congratulated the graduates on their degrees and emphasised the importance of their future contributions in a rapidly changing world. Katrin Leuenberger, Head of the Real Estate Office of the Canton of Zurich and member of the Advisory Board of the Institute of Facility Management, gave the ceremonial address. She emphasised how essential well-trained specialists in the field of real estate and facility management are for overcoming major social challenges.

    Awards and special achievements
    Irene Arnold and Anja Fuchs-Barbana, head of the Bachelor’s degree programme, presented the 77 successful Bachelor’s graduates with their diplomas. Till Plüss, who was honoured as the best student in his year, was particularly outstanding. Together with Sara Lehmann, he also received the prize for the best thesis, which was presented by Rainer Artho, Managing Director of the Swiss Association for Facility Management and Maintenance. Both theses were awarded the top grade of 6.00.

    In the Master’s programme, Prof. Dr Isabelle Wrase and Zifei Wang-Speiser were able to award 10 Master’s diplomas to five women and five men. Particularly outstanding were Tania Kornsteiner and Severin Keller, who were both honoured for their excellent performance. Severin Keller also received the prize for the best master’s thesis for his master’s thesis entitled “Asset Returns and Liquidity: Empirical Insights from Publicly Traded Real Estate Assets”, presented by Nora Dainton, board member of the IFMA Switzerland Chapter.

    A look back at an eventful period of study
    Anja Balsiger and Oliver Horner for the Bachelor’s students and Elsa Jeanfavre for the Master’s graduates brought the graduation ceremony to a festive close with an entertaining look back at their time at university. They reviewed the highlights of their years of study and recalled the challenges and successes they had overcome together on their way to this important milestone.

    The graduates can now look forward to a promising future in an industry that demands well-trained specialists and managers and in which they will contribute their skills and knowledge for the benefit of society.

  • How nonsensical regulations are slowing down residential construction

    How nonsensical regulations are slowing down residential construction

    In Swiss cities, rental flats are scarce and expensive, and there are many reasons for this. One decisive factor is the increasingly long waiting time between planning application and building permit. The number of waiting days has increased by around 12 per cent on average across Switzerland in the last ten years. Whereas a decade ago, building applications still took an average of 118 days to be approved, today the figure is already 133 days.

    The cantons of Geneva, Fribourg and Basel-Stadt are particularly affected, where it takes up to 188 days to review a planning application. The waiting time in the canton of Zurich is also considerable at 152 days. These delays are a symptom of more far-reaching problems in the Swiss construction industry.

    Nonsensical regulations act as a brake
    Architects and experts see nonsensical building regulations as a key obstacle to the rapid construction of new rental flats in urban centres. Peter Sturzenegger, owner of the architectural firm Isler Architekten AG in Winterthur, cites the multiple length allowance (MLZ) as an example. This regulation stipulates that the boundary distance must be increased for buildings over 14 metres in length, which has made many construction projects impossible. In Winterthur, it is planned to abolish this regulation by the end of 2025, but in other cities such as Zurich, the future of this rule remains uncertain.

    Outdated laws and their consequences
    Another example of outdated building regulations is the orientation of living spaces in the canton of Zurich. The Planning and Building Act requires that the majority of living spaces must not face north-east or north-west in order to maximise daylight and prevent mould growth. However, Pascal Müller from Müller Sigrist Architekten AG argues that this regulation is no longer appropriate in the context of today’s urban conditions, such as noise pollution and climate change.

    In addition to the legal hurdles, Müller also criticises the role of the courts. The large number of court rulings and judgements creates uncertainty for building owners, as they constantly change the regulations and significantly restrict the scope for planners.

    Monument protection and energy-efficient refurbishment
    Aargau architect Daniel Huber emphasises the restrictive requirements for monument protection and the complex requirements for energy-efficient refurbishment as further obstacles. For him, the inconsistent implementation of building regulations, which depends heavily on the interpretation of the responsible authorities, is particularly problematic.

    The mass of regulations as a central problem
    The Swiss Federation of Master Builders sees the growing number and complexity of building regulations as the biggest challenge. Jacqueline Theiler, Head of Communications at the association, explains that the increasing density of regulations and the associated appeal procedures considerably lengthen the building permit process. The over-interpretation of existing noise regulations by the Federal Supreme Court is particularly problematic.

    The association is now pinning its hopes on swift changes to the law by parliament in order to get the faltering housing construction back on track and realise the urgently needed flats in Switzerland.

  • Study shows opportunities for façade greening and solar panels

    Study shows opportunities for façade greening and solar panels

    As part of the GreenPV project, a research team from Lucerne University of Applied Sciences and Arts has developed innovative solutions for the design of building façades. The aim was to explore the potential of photovoltaic systems (PV) and greenery in order to meet the increasing challenges posed by global warming. A brochure specially developed for planners and building owners summarises the findings and recommendations of the project.

    The importance of this research becomes clear when you look at the forecasts of the National Centre for Climate Services: The average annual temperature in Switzerland could rise by up to 5.4 degrees by the end of the 21st century. This will not only significantly increase energy requirements, particularly for cooling, but will also affect comfort levels in buildings. Photovoltaic systems can supply energy precisely when it is needed most, namely when the sun is shining intensely. At the same time, green façades offer a sensible alternative in urban areas where new green spaces are scarce.

    Façades as untapped potential
    “While the benefits of PV systems and greenery are already increasingly being used on roofs, façades have so far remained largely unused,” explains Dr Silvia Domingo, researcher at HSLU. Yet façades offer an excellent opportunity for energy generation and greening without taking up additional space. PV systems on south-facing façades are particularly efficient in the cold season, as they can make optimum use of the low angle of inclination of the sun.

    However, the study also shows that there are obstacles that stand in the way of a wider application of these technologies. These include financial challenges, a lack of guidelines and concerns about fire safety. These factors often cause uncertainty among building owners. To counteract this, the research team has produced a brochure with practical recommendations for the use of PV systems and greenery on façades.

    Visual aspects and functional synergies
    Another obstacle identified by Dr Domingo is the aesthetic perception of solar panels on building façades. Black solar panels often do not meet the visual expectations of building owners. However, research shows that solar panels in different colours and textures could also be available in the future without any significant loss of efficiency.

    In addition to PV systems, green façades offer numerous advantages that go far beyond the cooling effect. They contribute to biodiversity, improve air quality, reduce sound propagation and promote rainwater retention. These benefits are particularly important in densely built-up urban areas, where they can significantly improve the quality of life.

    The combination of greenery and PV systems
    The HSLU study shows that greenery and PV systems on façades can often be combined well in order to utilise synergies. While PV systems on unshaded, higher façade areas ensure maximum energy generation, green areas near the ground have a cooling and noise-absorbing effect. This combination contributes to a more pleasant neighbourhood climate and climate-friendly electricity production.

    Completion of the GreenPV project
    The GreenPV project, which started in December 2021 and ran until mid-2024, was funded by a broad network of supporters, including the Swiss Federal Office of Energy (SFOE) and various foundations. The project team, led by Gianrico Settembrini, gained valuable insights, which are recorded in a brochure and are now available to planners, building owners and interested parties.

    With the results of the GreenPV project, the HSLU is making an important contribution to sustainable development in the construction industry and demonstrating how greenery and solar panels on façades can be combined to effectively meet the challenges of climate change.

  • Opening of the “STEP2” NEST unit

    Opening of the “STEP2” NEST unit

    On 29 August 2024, the latest building module “STEP2” was officially opened in Empa’s NEST research and innovation building. This two-storey module in the south-east of NEST brings together a large number of innovations, all of which are aimed at significantly reducing material and energy consumption in the construction industry and promoting resource-saving construction methods.

    In Switzerland, the construction sector is responsible for the majority of raw material consumption, waste generation and a third of CO2 emissions. With the NEST building, Empa, together with over 150 partners, is pursuing the goal of developing new technologies and materials to the point where they are ready for the market. The “STEP2” unit is the latest example of how this vision is being turned into reality.

    From the digital staircase to the adaptive façade
    When you enter the “STEP2” unit, the innovative ribbed filigree ceiling immediately catches the eye. This was developed by an interdisciplinary team and enables spans of up to 14 metres, ideal for office and high-rise construction. Thanks to digital planning methods and 3D-printed formwork, it was possible to reduce the amount of material used by 40% without compromising on stability. The ceiling also fulfils important functions in terms of room acoustics and as a thermal storage mass.

    Another technological masterpiece is the curved “Cadenza” concrete staircase, which forms the centrepiece of the building. It was realised using computer-aided design and 3D printing technologies, which enabled an extremely material-efficient construction method. This staircase is an impressive example of how digital manufacturing technologies can contribute to innovative and sustainable design solutions in the construction industry.

    Holistic energy concept and innovative materials
    The “STEP2” unit is based on an integrated energy and comfort concept that was developed in collaboration with leading engineers. The innovative double skin façade, which is equipped with modern shading technology and controlled natural ventilation, plays a central role in the building’s energy efficiency. This façade also serves as a test platform so that new technologies can be easily integrated in the future.

    STEP2″ also focusses on innovation and sustainability when it comes to the materials used. For example, wall and floor panels were made from recycled waste materials such as denim fibres, paper cups and coffee grounds. These materials not only reduce the need for new raw materials, but also help to reduce greenhouse gas emissions.

    Co-creation and market readiness
    The “STEP2” unit was developed using a co-creation approach in which all partners involved worked closely together from the outset. This approach made it possible to develop marketable solutions that have a real future in the construction industry. For BASF, the main partner in the project, “STEP2” provides the ideal environment to translate its chemical expertise into concrete, sustainable construction solutions.

    “STEP2” is more than just a building module – it is a real innovation environment that demonstrates how research and industry can successfully work together to bring sustainable technologies to market. In future, the unit will serve as a workplace and innovation workshop to achieve further progress in sustainable construction.

  • New white paper: ‘Energy storage systems for properties: Using renewable energy efficiently’

    New white paper: ‘Energy storage systems for properties: Using renewable energy efficiently’

    Link to the whitepaper

    Switzerland is aiming for a target of net zero by 2050. This means replacing fossil-based energies with renewables. However, the output from systems is dependent on weather conditions, the time of day, and the season. Getting supply and demand in sync calls for storage solutions. This also improves the property’s carbon footprint, because it requires less oil or gas to cover peak loads.

    Electricity storage systems: battery-powered flexibility
    Battery storage systems can temporarily store surplus solar power locally and supply household consumers, electric vehicles or the heat pump later on. This significantly increases the level of self-consumption and with it the cost-efficiency of solar power plants. Not only the operator benefits from a storage system – the electricity grid does as well. This means, for example, that when a solar power plant produces a surplus, it doesn’t have to be shut off for fear of overloading the grid. And in the reverse scenario – when demand outstrips supply – locally stored energy can help cover peak loads, which stabilises the grid and keeps costs low. Currently the standard means of electricity storage is the lithium-ion battery, while alternatives such as sodium-ion batteries and salt batteries have yet to become established. This also applies to bidirectional charging, in which the battery of an electric vehicle is used for local electricity storage.

    Heat storage units: geothermal probes and containers
    One alternative to storing surplus solar power is to transform it into thermal energy. Heat can be stored over weeks or months and used later for heating and hot water supply as required. This makes heat storage a great fit with renewable heating systems such as heat pumps and thermal networks. And some types of storage system can be used as heat sinks in summer to cool buildings with minimal use of energy. The most common storage types in Switzerland are geothermal heat storage units and container heat storage units. One interesting variant that requires less space is ice storage.

    Hydrogen and methane: seasonal storage
    Another way to store surplus solar power seasonally is to transform it into a carbon-neutral gas like hydrogen or methane (‘power-to-gas’). If required, the gas can be used either to produce heat and electricity or as a fuel for vehicles. Hydrogen is produced through the electrolysis of water, and the degree of efficiency in this transformation is up to 80 per cent. Transforming it further into methane has the advantage that it can be stored in the natural gas grid, so it doesn’t require separate infrastructure. The overall degree of efficiency depends on the method used, but with a current best-case result of 50 to 70 per cent, it is not yet cost-effective.

    You can find much more information and real-life examples in the new ewz white paper ‘Energy storage systems for properties: Using renewable energy efficiently’.

  • Fresh capital for the decarbonisation of real estate

    Fresh capital for the decarbonisation of real estate

    The software service provider Optiml has secured fresh capital totalling USD 4 million in a pre-seed financing round. According to a press release published on LinkedIn, the company intends to continue supporting the property market with software as it takes steps towards decarbonisation in the sector. As a service provider (Software-as-a-Service/SaaS), Optiml wants to develop programmes that facilitate data management and provide tools for asset and portfolio decisions. In doing so, the company takes into account constantly changing regulations and market conditions, according to the press release. With software supported by artificial intelligence, property companies and owners can plan their refurbishment and renovation work in line with the market and incorporate decarbonisation targets for their properties.

    The refurbishment and decarbonisation software from the spin-off of the Swiss Federal Institute of Technologyin Zurich(ETH), which was founded in 2022, is based on years of research in the ETH Sustainability and Technology Group (SusTec). It uses science-based optimisation algorithms.

  • Rolex invests one billion francs in new giant factory in Bulle

    Rolex invests one billion francs in new giant factory in Bulle

    The world-famous luxury watch manufacturer Rolex is planning a massive expansion in western Switzerland. A gigantic production facility is to be built in Bulle, in the canton of Fribourg, by 2029. Covering an area of 104,000 square metres – the equivalent of almost 15 football pitches – Rolex plans to produce luxury watches from 2029 to meet the growing demand for its products. The new factory is expected to create 2,000 jobs and thus make a significant contribution to the regional economy.

    Land sale approved
    The General Council of Bulle has approved the sale of the construction site to the Rolex Group by a large majority. Rolex is investing a total of one billion francs in the project and paid 31.4 million francs for the 100,000 square metre site. The planning application has now been submitted and the first visualisations of the planned buildings have been published.

    Innovative construction concept and sustainability
    The new plant will consist of four production buildings connected by a central building. In addition to the administration, this central area will also house catering facilities as well as meeting and rest areas. A striking head-end building at the southern end of the site will house the main entrance.

    Rolex attaches particular importance to environmental friendliness and sustainable design. The factory is to achieve the highest standard of the British Breeam label – a first for an industrial building in Switzerland. The buildings will be arranged so that they are integrated into a park that serves as protection from emissions from the nearby motorway.

    Fifth Rolex production site
    With the new site in Bulle, Rolex is expanding its already highly integrated production chain. The luxury watch manufacturer already operates production sites in Geneva, Chêne-Bourg, Plan-les-Ouates and Biel. Most of the watch components, from movements and cases to dials and bracelets, are produced in-house at these sites.

    Temporary solution in Romont
    In order to expand production capacity before 2029, Rolex will temporarily set up a factory in Romont. Around 250 to 300 employees are to be employed there from the beginning of 2025, most of whom will be newly recruited and trained. These employees will move there once the factory in Bulle is completed.

    With the new factory in Bulle, Rolex is strengthening its position as one of the world’s leading luxury watch manufacturers and investing in the future of the Swiss production site.

  • Zug Estates places third green bond

    Zug Estates places third green bond

    Zug Estates Holding AG has taken another significant step in its sustainable finance strategy. Following the successful launch of green bonds in 2019 and the complete conversion of the bond portfolio to green bonds in 2022, the company has now placed another green bond for CHF 100 million. The issue, which will be paid out on 30 September 2024, has a coupon of 1.65% and a term of seven years. This increases the proportion of unsecured bonds in relation to all interest-bearing financing to around 45%.

    More flexibility for sustainable investments
    In the run-up to the issue, Zug Estates expanded its existing Green Bond Framework into a Green Finance Framework. This innovation enables the company to access other green financial instruments in addition to green bonds. Zug Estates is thus expanding its flexibility in financing sustainable projects and sending a strong signal in favour of the future of green investment.

    Under the new, strict selection criteria, buildings and sites are classified as green if they either emit less than 1 kg of CO2 equivalents per square metre of energy reference area or have prestigious sustainability certificates such as BREEAM, DGNB/SGNI, SNBS or Minergie. Despite these demanding requirements, 95% of Zug Estates’ entire portfolio can be categorised as green properties – proof of the company’s consistent strategy in the area of ecological sustainability.

    The Suurstoffi showcase for sustainable real estate
    A large proportion of Zug Estates’ green properties are located on the Suurstoffi site. This ultra-modern, almost CO2-free development site has also been allocated to the existing and newly launched green bond. As at 30 June 2024, the market value of the Suurstoffi properties earmarked for the green bonds is CHF 418.4 million. This site is an outstanding example of the implementation of Zug Estates’ sustainable development strategies and sets new standards in the field of sustainable construction and operation of real estate.

    Confirmation from international rating agencies
    Zug Estates has received high recognition for its green finance framework from ISS Corporate Solutions, one of the world’s leading ESG research and rating agencies. This Second Party Opinion (SPO) strengthens investor confidence in the company’s sustainability strategy. In addition, Zug Estates was awarded a “C” rating and “Prime” status by ISS (International Shareholder Services) on 23 August 2024. This underlines the high value Zug Estates places on environmental, social and governance-based sustainability.

    Successful placement of the green bond
    The placement of Zug Estates’ new green bond met with great interest from institutional investors. They particularly appreciate the fact that the funds are invested directly in properties that meet the highest sustainability requirements and are already operated almost entirely CO2-free. UBS AG and Basler Kantonalbank acted as joint lead managers for the issue. Admission to trading on the SIX Swiss Exchange has been applied for, which further increases the attractiveness of the green bond.

    Sustainability as a strategy for the future
    With the placement of its third green bond and the expansion of its green finance framework, Zug Estates is once again demonstrating its leading role in the field of sustainable property financing. The company shows how a consistent ecological focus can not only increase the value of the portfolio, but also make an important contribution to reducing CO2 emissions and promoting sustainable development. Zug Estates is thus setting a new standard for the entire property sector.

  • Zurich Investment Foundation plans capital increase

    Zurich Investment Foundation plans capital increase

    The Zurich Investment Foundation is planning to expand its ZAST Real Estate Residential Switzerland investment group. To this end, around CHF 300 million is to be raised from pension funds domiciled in Switzerland between 1 and 30 October. Existing investors have preferential rights, Zurich Invest Ltd. announced in a press release. The Zurich Insurance Group subsidiary will manage the investment foundation.

    Zurich Investment Foundation intends to use the new funds for the acquisition of 19 properties with a total residential share of 90 per cent. Around two thirds of the properties are located in Geneva and Lausanne, as well as properties in Zurich and Berne. In addition to its good location, the portfolio offers attractive rental potential, according to the press release. The issue price for units in the new portfolio will be the net asset value as at 31 October 2024 plus a 2.5 percent issue premium.

  • Disused borehole in Trüllikon: potential for CO2 storage is being examined

    Disused borehole in Trüllikon: potential for CO2 storage is being examined

    The disused Trüllikon-1 deep borehole is being transferred from Nagra to swisstopo, according to a statement from the Swiss Federal Office of Energy(SFOE). The Federal Office of Topography intends to investigate the potential and challenges of injecting CO2 underground.

    The borehole was drilled by Nagra as part of the search for a suitable repository for radioactive waste. According to a study carried out by swisstopo in 2023 together with the Swiss Federal Institute of Technology in Zurich and the University of Bern, it is in very good condition and suitable for safely carrying out a CO2 injection test.

    The feed-in test could last from 2025 to 2030 at the latest as part of a pilot project. According to the SFOE, however, it is still unclear whether the test will be carried out. However, swisstopo is already in contact with the municipal council of Trüllikon and the landowner, according to the press release. Furthermore, the potential pilot project does not represent a preliminary decision as to whether CO2 should be stored underground in Switzerland at all.

  • Secure your ticket to the 17th Swiss Finance and Real Estate Congress in Zurich now

    Secure your ticket to the 17th Swiss Finance and Real Estate Congress in Zurich now

    To mark its 30th anniversary on 20 November 2024, IAZI AG is presenting a varied and inspiring congress programme and is once again proving to be a central platform for expertise on the relevant topics in the finance and real estate industry. Guests will have the unique opportunity for exclusive networking with leading experts and decision-makers from closely interlinked sectors and the chance to gain a valuable knowledge advantage.

    Global challenges such as climate change and economic inequality require innovative approaches and collaborative action in an increasingly interconnected world. Linking global strategies and local initiatives makes sustainable and effective solutions possible – this will be the focus of the 17th Swiss Finance and Real Estate Congress.

    Under the motto “Global Perspectives, Local Solutions”, high-calibre speakers will highlight trends and forecasts on topics such as the global security situation, ESG strategies and urban architecture.

    Keynote speakers include Christof Franzen, journalist and SRF special correspondent, who will take a look at the global security situation with a focus on Russia and Switzerland, and Jens Korte, renowned business journalist and stock market expert, who will analyse the impact of the US elections.
    Dr Anna Braune, Head of Research and Development at the German Sustainable Building Council, DGNB e.V., will address the topic of sustainability in the construction industry and present future-proof concepts for new buildings.
    Renowned futurologist Oona Horx-Strathern will present visions for a new urban architecture and extreme sportswoman and entrepreneur Anja Blacha will provide inspiration for an ascent that combines extreme sports and entrepreneurship.

    This dialogue on the future will be rounded off with high-quality information and precise data from the Swiss real estate market to support the daily business of real estate professionals. Prof. Dr Donato Scognamiglio, Co-Founder and Chairman of the Board of Directors of IAZI AG, will explain the latest figures, trends and forecasts with regard to Swiss real estate.

    You can find all the details of the programme here: immokongress.ch

  • Demand for residential property picks up

    Demand for residential property picks up

    Raiffeisen Switzerland sees a turnaround in the residential property market. The banking group examined developments on the property market in its study “Real Estate Switzerland – 3Q 2024″. “Demand for residential property has largely recovered following its slump in the wake of the sharp rise in interest rates,” Fredy Hasenmaile, Chief Economist at Raiffeisen Switzerland, is quoted as saying in a Raiffeisen press release on the study. “In addition to the return of the housing cost advantage over renting as interest rates fall again, excess demand is now also spilling over from the rental property market into the owner-occupied property market.”

    However, according to the experts at Raiffeisen Switzerland, the resulting increase in supply will not be met by construction activity, but only from existing properties. They therefore expect that the shortage on the residential property market will only be alleviated in the short term. “The more liquid supply and more confident buyers are beginning to be reflected in a higher number of property changes,” explains Hasenmaile. The majority of properties are being sold at the prices desired by the sellers. In the medium term, the chief economist at Raiffeisen Switzerland therefore expects prices to rise more strongly again.

    According to the experts, an increasing supply of new buildings is being countered by the densification process, in which new residential buildings are primarily being built in place of old properties. Hasenmaile believes that the vacancy rate on the rental flat market will soon fall below 1 per cent. The increase in annual growth in asking rents to 6.4 per cent in the second quarter of 2024 is also evidence of excess demand.

  • Additional loan for administration building at Seetalplatz Lucerne

    Additional loan for administration building at Seetalplatz Lucerne

    In 2021, the people of Lucerne voted in favour of the construction of an administration building on Seetalplatz and approved a special loan of CHF 177.4 million. Due to staff growth and unexpected construction requirements, the cantonal government is now requesting an additional credit of CHF 14.25 million. In particular, the increased number of employees in the cantonal administration, especially in the Asylum and Refugee Service, requires an expansion of office space.

    In addition to the increase in space, structural adjustments will be made in order to fulfil the ecological requirements of Lucerne’s climate policy. These include an extension of the photovoltaic system from the roof area to the building façade as well as a possible extension of the building in the inner courtyard, which will lead to an improved utilisation of the property. In addition, further cost increases will arise due to building permit requirements.

    Central point of contact for the population
    Once completed in 2026, the administration building will house more than 2,000 cantonal employees and offer centralised services for the population at an easily accessible location in Lucerne North. The ground-breaking ceremony took place in September 2023 and construction work is progressing according to plan.

    The Cantonal Council will decide on the additional loan in the October session.

  • Striking building for Bern

    Striking building for Bern

    Schmidlin Architekten impressed the jury, chaired by Thomas Hasler, with its self-confident, modern architectural language. The free-standing new building sets clear accents and brings added value to the city of Bern by enriching the public space. The replacement for the 1984 extension, which was in need of renovation, will enable the Kunstmuseum Bern to strengthen its role as a cultural hub. By combining architectural quality and public accessibility, the museum will become a central place of exchange.

    Extensive architectural competition and transparent selection
    The international competition started in July 2022 with 148 applications and was held in two stages. 39 teams were selected to take part, 11 of which further developed their proposals. In the end, the jury decided in favour of the project by Schmidlin Architekten, which stood out thanks to its innovative approach and strong integration into the urban environment.

    Exhibition of the competition projects
    From 23 August to 24 November 2024, the Kunstmuseum Bern will be showing the designs from the architectural competition. The exhibition provides an overview of the winning project and all other entries submitted. Admission is free.

  • New owner drives expansion and innovation in the area of room systems

    New owner drives expansion and innovation in the area of room systems

    Swiss Life Asset Managers has reached a binding agreement with Condecta AG on a full takeover of the Winterthur-based specialist for modular construction, Swiss Life Asset Managers announced in a press release. The asset manager of the Swiss Life Group, which specialises in real estate and infrastructure, intends to expand Condecta’s presence and offering. The Winterthur-based company is currently represented in Switzerland, Germany and Italy. The two partner companies have agreed not to disclose the purchase price.

    “The Swiss market for rental solutions in the modular space sector has potential, particularly in the public sector, industry, construction, architecture and the private sector, which require high-quality modular building solutions,” said Gianfranco Saladino, Head of Value-Add Infrastructure at Swiss Life Asset Managers, in the press release. “Condecta, known for its high Swiss quality, is well positioned to meet the growing demand.”

    According to Condecta CEO Olivier Annaheim, the company has found “the perfect new owner in Swiss Life Asset Managers to drive forward our growth and innovation plans and further expand our market leadership in the area of room systems in Switzerland”. For Matthew Dooley, Investment Director at Swiss Life Asset Managers, Condecta is “complementary to Swiss Life Asset Managers’ extensive property and infrastructure business in Switzerland”.

  • Innovative solutions for the tunnel renovation of the Bad Zurzach northern bypass

    Innovative solutions for the tunnel renovation of the Bad Zurzach northern bypass

    Last year, ERNE completed the Bad Zurzach eastern bypass. Work is now underway on the tunnel renovation of the northern bypass, the Laufenburg-based construction company announced in a press release. ERNE is using innovative solutions for this project.

    The press release cites cable and siphon shafts as well as cable shaft covers as examples. The former are not made from polymer concrete, as is usually the case, but from more robust ultra-high performance fibre concrete. The covers are made of composite material (composite). It is lighter and more corrosion-resistant than conventional cast iron.

    The project includes the renewal of the verges with cable conduit system and extinguishing water pipes and a new tunnel coating. Two existing emergency exits will be rebuilt and supplemented with new emergency exits. In addition, the tunnel control centre will be rebuilt and two new stacking basins built. The project poses challenges due to the limited space available and the fact that work has to be carried out while the tunnel is in operation.

    ERNE expects to have completed the ongoing work on the south side of the tunnel by mid-August. Following this, the half-sided traffic routing will be changed so that the north side of the tunnel can be renovated. The construction work is scheduled for completion in 2025.

  • Swiss sales company in the canton of Schwyz

    Swiss sales company in the canton of Schwyz

    Gira has opened its Swiss branch in Feusisberg. From there, the building technology specialist from the German state of North Rhine-Westphalia intends to gain a foothold in the Swiss market with its own sales company. In addition to Switzerland, Gira is also represented in the UK, Austria, the Netherlands and Spain. According to the information provided, importers market and sell Gira products and system solutions in a further 35 markets with a focus on Europe and Asia.

    Alfred Mölzer, who has been Managing Director of Gira Austria GmbH since 2022, will be responsible for the Swiss business. Together with his team, he meticulously prepared the establishment of Gira Swiss GmbH over a period of around one and a half years, according to a company press release. In addition to analysing figures and statistics, numerous discussions were held with market participants from the retail, trade, architecture and construction sectors, according to Mölzer. “This is the only way to get a feel for what makes the market tick and which specific needs we need to fulfil with our range of solutions and services.”

    These have shown the medium-sized technology company that there are opportunities for a successful market entry, particularly in the field of building automation. After all, the company has played a key role in shaping the digital networking of home and building technology with its developments from the very beginning. This will therefore be the “spearhead” of market development.

  • Expansion of the range of services through strategic acquisition

    Expansion of the range of services through strategic acquisition

    Pforzheim-based ease GmbH has acquired the Munich-based subsidiary of Helvengo AG. With the takeover of Helvengo GmbH, the insurance company specialising in the property industry intends to expand its range of services, ease announced in a press release. The purchase price was not disclosed.

    Helvengo, which was founded in 2020, specialises in the development of innovative insurance products. The two companies had already jointly developed a building insurance solution based on the Internet of Things (IoT) in 2022. “The IoT-based tariff set a milestone last year,” said Marcel Hanselmann, Managing Director of ease, in the press release. “We are delighted to be actively shaping the future in this area with Helvengo GmbH and to be able to offer our customers an even more attractive portfolio of services.”

    Zurich-based Helvengo AG has been in liquidation since the beginning of August. With ease, the German subsidiary “has had a strong partner at our side from the very beginning, who has played a key role in shaping our vision of data-driven insurance products”, explains Helvengo co-founder Felix Huemer in the press release. “We are convinced that Helvengo GmbH will be able to utilise synergies within the corporate group with ease and continue to expand successfully on the market.”

  • Housing prices develop differently

    Housing prices develop differently

    Anyone looking to buy a condominium had to spend slightly more in July than in the previous month. Specifically, prices for condominiums rose by an average of 0.6 per cent, SMG Swiss Marketplace Group(SMG) reported in a press release on the current Swiss Real Estate Offer Index. The SMG Swiss Marketplace Group combines the digital marketplaces of TX Group, Ringier and Mobiliar.

    By contrast, prices for single-family homes fell by an average of 1.1 per cent in July compared to June. This puts the price level at roughly the same level as at the end of 2023, according to the press release. “For many potential buyers, a single-family home is still difficult to afford despite the recent decline,” Martin Waeber is quoted as saying. According to the Managing Director Real Estate at SMG, buying a condominium with a smaller living space is therefore the only alternative for many. According to Waeber, this is leading to a shift in demand with an impact on the prices of both types of residential property.

    SMG’s property experts observed a 2.2 per cent decline in asking rents across Switzerland in July compared to June. At 3.7 per cent, this was most pronounced in Ticino. Central Switzerland and the greater Zurich region followed with declines of 3.2 per cent each. The smallest decline in asking rents was recorded in north-western Switzerland with an average of 0.5 per cent.

  • New plans for technology centre in Laufenburg

    New plans for technology centre in Laufenburg

    The FlexBase Group has decided to withdraw its planning application for a technology centre on the former Swissgrid site in Laufenburg. According to a press release, a total of around 350 jobs are to be created there. FlexBase expects to employ 100 to 150 people by the end of 2027 alone.

    The centrepiece of the centre, which is to be built in collaboration with universities and companies, will be one of the largest large-scale battery storage facilities in the world with a capacity of at least 500 megawatts. It is to be built in a strategically favourable location directly next to the world’s largest electricity grid, the Laufenburg Star, and will contribute to the security of supply in Switzerland and parts of Europe. The technology centre will also house a data centre for artificial intelligence and a wind tunnel for research and development in the sports industry.

    According to the press release, the company is now submitting an updated planning application. According to the information, it now respects the maximum height defined in the current building and utilisation regulations, “which is sufficient for the start of construction”. However, in view of the significance of the project, the applicant is requesting an increase in the permitted building height to 30 metres. In consultation with the Laufenburg town council, a partial amendment to the existing building and utilisation regulations for this construction perimeter, coordinated with the overall revision, has already been initiated.

    “Despite the necessary step of updating our planning application, we remain confident that we will be able to realise our project within the planned timeframe,” says CEO and co-founder Marcel Aumer. He assumes that the overall revision will take into account the importance of such forward-looking projects for the region.

  • Crowdhouse presents new investment model for real estate

    Crowdhouse presents new investment model for real estate

    According to a press release, the Zurich-based real estate company Crowdhouse AG intends to reposition itself on the market and replace the co-ownership model it has been offering for years with the Miteigentum 2.0 model. As with the previous model, Miteigentum 2.0 involves a group of private investors jointly acquiring a Swiss investment property, according to the press release. The main difference lies in the legal framework. With Miteigentum 2.0, the acquisition of real estate takes place via public limited companies set up specifically for this purpose.

    Crowdhouse also wants to do something for the housing market. According to the company’s press release, construction activity in Switzerland is in sharp decline. “The fact that construction activity is so low is not only due to the fact that construction has become more complicated and protracted, but also because it is now becoming increasingly difficult for developers to obtain financing, construction loans, mortgages and promotional financing, probably also in view of Basel III,” CEO Robert Plantak is quoted as saying. At the same time, many institutional real estate buyers are still very reluctant to invest. “There is a lack of capital in the right place to create urgently needed living space. This is precisely our strength: our private investors are much more flexible and Crowdhouse is much more agile than traditional institutional real estate investors,” continued CEO Plantak.

    In future, Crowdhouse will concentrate more on asset and investment management, the statement continues. As part of this focus, Crowdhouse will outsource services to third-party providers. This includes the technical management of the properties, which will be handed over to several local providers as of September 1, 2024.

  • Canton Glarus defines settlement and extraction areas in the structure plan

    Canton Glarus defines settlement and extraction areas in the structure plan

    As part of the communal land use planning of Glarus North, the Department of Building and Environment of the Canton of Glarus has officially defined the settlement area of the municipality in the cantonal structure plan. This follows an in-depth review of the utilisation of the residential, mixed and core zones, which now comply with the strict federal and cantonal requirements for building zone dimensioning. This stipulation supports the aim of preventing urban sprawl and preserving the landscape, while at the same time offering landowners in Glarus North long-term planning and legal certainty, which is of considerable importance for the economic development of the canton.

    Expansion of the Haltengut mining area in Mollis
    In addition to the designation of the settlement area, the Haltengut mining area in the district of Mollis was expanded in the cantonal structure plan. This measure is the result of careful coordination of land-use planning by the municipality of Glarus Nord, which has demonstrated the environmental compatibility of the project. The expansion of the extraction area contributes to the needs-based supply and disposal and represents an important spatial planning co-operation between the canton and the municipality.

    Approval procedure at federal level
    The updates to the 2018 cantonal structure plan were submitted to the Federal Office for Spatial Development for approval following consultation with neighbouring cantons. With the determination of the settlement and extraction areas, the canton of Glarus has completed a significant step in the approval process for the communal utilisation planning of Glarus North. The decisions are binding with immediate effect and create a clear framework for the future development of the region.

  • The versatile world of wood

    The versatile world of wood

    Utilisation of the wood
    After a certain time, the tree reaches its growth limit. This is the perfect time to fell the tree – it is ready for harvesting. Depending on the tree species, the time until it is ready for harvesting varies between 60 and 150 years. Until then, the tree has had enough time to reproduce through seeds in the gaps in the forest. The plants in the young forest that are best adapted to the local climatic conditions prevail. In this way, the forest remains healthy thanks to natural selection. During thinning, desirable and well-grown trees are left standing as future trees. The abundance of light in the gaps created by felled trees allows a variety of shrubs and annual plants to colonise the ground – increasing biodiversity in a forest managed in this way.

    The majestic forest of Switzerland
    Around a third of Switzerland’s total land area is covered by protected forest. This forest provides protection against natural disasters, is a habitat for animals and plants, a place for recreation and leisure and a source of wood. Sustainability is a fundamental principle that requires the forest to fulfil all these functions in the long term without harvesting more wood than grows back. Enough wood grows in the Swiss forest every ten minutes to build a detached house. Around 60% of Swiss forests consist of conifers and 40% of deciduous trees. A large proportion of the wood felled is processed into sawn timber and planed products, while 10% is used for the production of paper and wood-based panels. A quarter is used directly as firewood. Around 10 million cubic metres of wood grow in Switzerland every year, only half of which is used. Wood is a durable material that regrows itself and plays an important role in the ecological balance. It is therefore sensible and advisable to use our own wood.

    Characteristics of wood
    Wood is a light yet strong material that can bear fourteen times more weight in relation to its weight than steel. Due to its natural cell structure, the static properties of wood are directional. Wood is most resistant along the grain, as it can withstand a hundred times higher tensile forces and four times higher compressive forces in this direction than across the grain. Understanding these static properties is of crucial importance when building with wood. In addition, the warm and pleasant feel of wood gives rooms a special atmosphere. The wood fibres in the installed wood constantly react to the air humidity and thus contribute to a balanced room climate.

    Variety of wood species – differences in the forest and in the home
    Not all woods are identical. The characteristics and appearance of wood vary depending on the tree species – there is a wide range from light to heavy, soft to hard and light to dark. Each type of wood therefore has specific properties that are suitable for different purposes. For example, the heartwood of sweet chestnut or oak, which is preserved with natural tanning agents, is particularly suitable for outdoor use, while long-fibre ash is used for parts subject to heavy wear. Fine-fibre woods such as beech or maple are used in furniture production. Promoting different tree species by using different types of wood helps to increase biodiversity. Each tree grows individually, so its wood may have more or fewer knots, wider or narrower annual rings, be slightly lighter or darker in colour and grow crooked or straight. Each tree trunk and section is utilised according to its qualities. Selected logs of high quality are processed in sawmills into a variety of sawn products such as beams, boards, laths, posts and glulam. Timber that is crooked and knotty or small diameter logs are converted into chipboard and fibreboard in panel mills. The best qualities are processed into veneer. From both an ecological and an economic point of view, it is crucial to determine the appropriate quality for the respective area of application in advance with the supplier.

    Wood-based materials
    The large formats of wood-based materials have made an important contribution to the development of modern timber construction. The production of wood-based materials follows a simple principle: the wood is chopped into boards, chips or fibres and then shaped into a new form with the help of glue. This results in products with standardised properties in a fixed thickness and size. Wood-based materials therefore offer added value and open up a wide range of design possibilities with wood. As a cost-effective building material for everyday use, wood-based materials are indispensable and are available in a wide range from timber merchants and DIY stores.

  • Largest charging park for electric cars with 18 new fast-charging stations

    Largest charging park for electric cars with 18 new fast-charging stations

    Energie 360° has opened the largest charging park for electric cars in the canton of Ticino at the Serfontana shopping centre. The park comprises a total of 38 charging points, 18 of which are newly added fast-charging points. These allow electric car drivers to charge their vehicles from 10% to 80% within 20 to 40 minutes while they shop or take a break. With this expansion, Energie 360° is setting another milestone in the promotion of electromobility in the region.

    Fast charging with green electricity
    The new fast charging stations at Centro Shopping offer an impressive charging capacity of up to 400 kilowatts, powered by 100% green electricity. Jörg Wild, CEO and Head of Mobility at Energie 360°, emphasises the importance of this expansion: “Our aim is to rapidly promote electromobility throughout Switzerland. With the new charging park, we are offering our customers one of the largest and most efficient charging parks in Switzerland.”

    Over 300 charging locations in Switzerland
    Energie 360° already operates over 300 charging locations throughout Switzerland and plans, builds and maintains them in collaboration with partners such as Coop, SBB and the Swiss Finance & Property Group. The company pursues the goal of creating sustainable energy and mobility solutions and making electromobility available nationwide. With the new charging park in Chiasso, Energie 360° is sending a clear signal in favour of the future of mobility and the expansion of the charging infrastructure in Switzerland.

  • No complex thinking skills with ChatGPT & Co.

    No complex thinking skills with ChatGPT & Co.

    The research, which will be presented at the annual meeting of the Association for Computational Linguistics in Bangkok, concludes that large language models such as ChatGPT show no evidence of the development of sophisticated or planned thinking. Instead, these models only demonstrate the ability to respond to simple instructions. This disproves the widespread assumption that AI models could exhibit increasingly intelligent behaviour through scaling.

    Background to the study
    The study, led by Prof Dr Iryna Gurevych from TU Darmstadt and Dr Harish Tayyar Madabushi from the University of Bath, investigated so-called “emergent capabilities” of AI models. These capabilities, which were observed with increasing model size and data volume, raised both hopes and fears regarding the future development of artificial intelligence. However, current research shows that these abilities are due to simple learning effects rather than complex, independent thinking.

    Implications for the future of AI use
    The results of the study have significant implications for the use of AI systems. Prof Gurevych warns against relying on the models to solve complex tasks without human support. She emphasises that users should provide explicit instructions and examples in order to use the systems effectively. In addition, the tendency of models to produce plausible-sounding but incorrect results remains a challenge.

    Focus on future risks
    Although the study shows that LLMs do not develop complex thinking skills, this does not mean that AI does not pose a threat. Prof Gurevych calls for research to focus on the real risks of AI models, particularly their potential to generate fake news. The findings of the study provide a valuable basis for better understanding the actual capabilities of AI models and making their use safer in practice.

  • A key to combating the housing shortage in the city of Zurich

    A key to combating the housing shortage in the city of Zurich

    The housing shortage in the city of Zurich is alarming. With a vacancy rate of just 0.06%, there is a massive need for new living space. This is precisely where a non-partisan initiative comes in, calling for the building regulations to be amended so that existing buildings can be extended across the board. This measure could help to quickly create additional living space and counteract the enormous pressure on the Zurich housing market.

    Timber construction as an ideal solution for adding storeys
    Timber construction is particularly suitable for adding storeys due to its low dead weight. Compared to solid building materials, timber allows existing buildings to be extended without putting a significant strain on the structures below. This means that even multi-storey extensions can be realised without the need for extensive structural reinforcements. Wood also scores highly thanks to its outstanding energy properties, which leads to significant savings in heating costs.

    Synergy of space gain and energy efficiency
    Storey extensions not only offer additional living space, but also the opportunity to renovate the entire building envelope and optimise its energy efficiency. This improves the energy efficiency of the entire building, which leads to lower operating costs in the long term. The newly created space, which is generally of high quality and therefore easy to let, helps to amortise the investment in the extension and energy-efficient refurbishment.

    Initiative meets with broad support
    The initiative “More living space by adding storeys – neighbourhood-friendly and sustainable” has already met with broad support. More than 4,000 signatures were submitted before the collection deadline, which emphasises the great interest of the population in this solution. The implementation of this initiative could be an important step towards effectively counteracting the housing shortage in Zurich and at the same time promoting sustainable building practices.