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Tag: immobiliengesellschaft

  • Higher earnings and project progress drive half-year figures

    Higher earnings and project progress drive half-year figures

    According to a statement, real estate company HIAG increased its net profit by 23.3 per cent to CHF 44.6 million in the first half of 2025 (prior-year period: CHF 36.2 million). Adjusted for revaluation effects, net profit totalled CHF 20.5 million, compared to CHF 25.5 million in the first half of 2024.

    EBIT also rose by 20 per cent to CHF 54.9 million. This was due to higher property income, increased valuations, successful sales of properties not in line with the strategy and strict cost discipline. The real estate company increased its property income by 5.8 per cent to CHF 39.3 million (prior-year period: CHF 37.1 million) thanks to several successful lettings of vacant space and successful project completions, such as the completion of the Fahrwerk in Winterthur. Marketing of the Livingstone project in Cham ZG also began in the reporting period.

    Project progress in the first half of the year led to a net appreciation of the development portfolio by CHF 17.2 million (2.2 per cent). The existing portfolio was revalued by CHF 9.4 million (0.8 per cent); the overall portfolio was thus revalued by CHF 26.6 million. Income from the successful sale of non-strategic properties totalled CHF 3.5 million, an increase compared to the previous year, in which no properties were sold.

    HIAG expects continued positive developments in 2025 thanks to further project progress, the notarisation of the condominiums in the Livingstone project, a sharpened corporate strategy, a strong balance sheet and a flexible financing structure.

  • Two Swiss property giants about to merge

    Two Swiss property giants about to merge

    Cham Group and Ina Invest, a property company listed on the SIX Swiss Exchange, have signed a letter of intent for a merger. This is to be completed as a “merger of equals” by 2025. The merger would create a new, strong force in the property sector that would be one of the industry leaders.

    A first-class portfolio in key locations
    The combined portfolio of the two companies comprises high-quality properties and development projects in Switzerland’s strongest economic regions, including Basel, Cham, Geneva, Lausanne, Winterthur and Zurich. Particularly impressive: the residential share will be over 50% after completion, which emphasises the focus on sustainable and future-oriented living in urban conurbations.

    Sustainability and synergies as success factors
    Both companies attach great importance to sustainability and plan to consistently implement these standards in the development and management of the properties. The merger not only brings a larger portfolio, but also clear advantages: economies of scale, greater flexibility in project realisation and improved financing options.

    The talks are currently still at an early stage. If the negotiations are successful, a vote on the merger will be held at the general meetings of the two companies in spring 2025. A merger would realign the forces in the Swiss property market and create opportunities for a sustainable future.

  • Swiss Prime Site takes over Fundamenta’s property division

    Swiss Prime Site takes over Fundamenta’s property division

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

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

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

  • Ina Invest receives seal of approval for sustainability

    Ina Invest receives seal of approval for sustainability

    The real estate company Ina Invest has been named Sector Leader in the “Diversified” development portfolio class for the entire European region according to the GRESB (Global Real Estate Sustainability Benchmark) rating system, according to a media release. The rating is awarded once a year to real estate and infrastructure companies, funds and investments with special sustainability performance.

    CEO Marc Pointet, quoted in the press release, sees the quality mark as proof of the sustainability strategy. “GRESB Sector Leaders embody the industry’s pioneers on the path to net zero energy consumption.” The success, he says, is due to Ina Invest’s “strong partners”. Implenia, in particular, has contributed to new benchmarks in sustainability with its “integrated real estate and construction services”. Ina Invest is a spin-off of Implenia.

    According to the release, the GRESB ESG (Environmental, Social, Governance) benchmark has grown to a gross value of more than $8.8 trillion in the current financial year and includes 2084 real estate companies, 687 infrastructure assets and 172 infrastructure funds.

  • Implenia wins two building construction projects in Germany

    Implenia wins two building construction projects in Germany

    Implenia has landed two major building construction projects in Germany, the Opfikon-based construction and real estate company announced in a press release. Implenia will be realising two further sections of the BERLIN DECKS city campus in Berlin-Moabit in cooperation with Dressler Bau GmbH. In Essen, developer TÜV NORD Immobilien GmbH & Ko. KG has commissioned Implenia to construct an office building in Essen. The volume of the contracts for Implenia is estimated at EUR 100 million.

    BEOS AG is realising a research and media quarter in Berlin. Implenia has already been awarded the contract for the first two construction phases. According to Implenia, sustainability plays a major role in the realisation of the project. Among other things, the company uses Lean Construction to optimise the construction process and use of resources.

    “We would like to thank BEOS for the long-standing partnership and the new contract,” Matthias Jacob, Country President Germany at Implenia, is quoted as saying in the press release. “The trusting cooperation is characterised by a shared entrepreneurial spirit and the commitment to continue to drive forward and successfully realise a demanding and forward-looking project such as the BERLIN DECKS, even in challenging times.”

    The office building with adjoining workshop and high-rise car park in Essen will be realised as part of the further development of the Technologiepark Nord in Essen-Frillendorf. Implenia is also focusing on sustainability here. The buildings will be designed for energy efficiency and connected to a district heating network. Photovoltaic systems will be installed on the roofs.

  • Fundamenta Real Estate breaks the billion mark

    Fundamenta Real Estate breaks the billion mark

    According to a statement by Fundamenta Real Estate AG , the Zug real estate company’s portfolio exceeded the billion mark for the first time at the end of the 2021 financial year. Specifically, the value of the real estate portfolio increased from CHF 991.9 million to almost CHF 1.10 billion over the course of the year. Fundamenta Real Estate attributes the growth primarily to the completion and transfer of two new construction projects, the completion of three repositionings and the purchase of four existing properties. Revaluations resulted in an increase in value of CHF 15.3 million.

    The net actual rental income in 2021 was CHF 37.2 million, 11.2 percent above the previous year’s value. In the same period, net profit increased by 8.4 percent to CHF 28.9 million. The real estate company writes that a previous year’s success from the sale of three investment properties was more than compensated for “by an excellent operating result and a higher revaluation effect”. Excluding both effects, net income rose by 14.7 percent year-on-year to CHF 17.7 million. The vacancy rate was reduced from 3.5 “to a historically low 2.5 percent” in a year-on-year comparison.

    “Our residential focus has also proven itself in the second year of the pandemic,” Andreas Spahni, President and Delegate of the Board of Directors of Fundamenta Real Estate AG, is quoted in the statement. “The consistent alignment of the portfolio to market demand as well as the holistic and active asset management have again led to very good results.”

  • Plazza remains on course for growth

    Plazza remains on course for growth

    Plazza AG had another successful financial year in 2021, writes the Zurich real estate company in a statement . Specifically, the company, which has been listed on the SIX since 2015, was able to increase its real estate income from CHF 24.6 million in 2020 to CHF 26.1 million in the year under review. At the same time, the operating result before depreciation and revaluations increased from CHF 20.0 million to CHF 20.6 million.

    In the year under review, “market-related factors” again led to “high revaluations”, Plazza explains further in the press release. They increased the real estate company’s profit from CHF 63.3 million to CHF 71.9 million year-on-year. Without revaluations, the profit increased from CHF 17.0 million to CHF 18.1 million.

    Plazza cites the high proportion of residential properties in its own portfolio as the background to the good developments. The company writes that it increased from 73 to 76 percent in 2021 compared to 2020 due to the purchase of properties in Zurich’s Im Tiergarten district. At the same time, the vacancy rate in the residential sector fell from 3.1 percent to 2.6 percent.

    In the same announcement, Plazza communicates a change in management and board of directors. At the beginning of the year, Plazza’s Chief Financial Officer, Thomas Casata, took over as CEO from Ralph Siegle, who was retiring. On the Board of Directors, Peter Lehmann is to replace Markus Kellenberger, who is stepping down when he reaches retirement age.

  • Living more beautifully and energy-efficiently

    Living more beautifully and energy-efficiently

    SwissAlp Immobilien AG is a Swiss real estate company based in Buchs SG: “Our thoughts and actions are geared towards identifying and implementing the potential of properties, real estate projects and properties. From this we generate growth: for our investors and for us, ”says Ardian Emini, CEO of SwissAlp Immobilien AG. «Our main activity is value-added portfolio management. We acquire properties with very high quality requirements in selected locations in German-speaking Switzerland. Renovation properties are acquired if their value can be increased significantly through renovation, new construction or renovation. We market, rent and manage our properties ourselves. "

    SwissAlp Immobilien AG has specialized in the development of a solid real estate portfolio: "Thanks to our know-how, our many years of experience and our professionalism, we offer our investors the best possible security to achieve their return targets," says Emini. "Thanks to our professionally managed property portfolios, we enable our investors to participate in all of German-speaking Switzerland."

    A prime example is the new building project by SwissAlp Immobilien AG in a central location in Sargans SG. Within walking distance of the train station, 22 high-quality rental apartments will soon be built: “The apartment building impresses with its modern and exciting architecture, combined with the concept of sustainability. Both a photovoltaic system and efficient energy management are of course part of this concept. The parking garage and bike room are equipped with charging stations for electric cars and bicycles from the start. ”

    The apartment mix of 2.5 to 4.5 room apartments appeals to singles, young couples and families alike. Shops and schools are in the immediate vicinity within walking distance. According to Emini, the apartments are characterized by a high-quality finish and leave nothing to be desired: "Each apartment has a small reduit, and the larger apartments have a master bedroom with its own bathroom." With this project, architects and specialist planners had the opportunity to create a special building: for today, for tomorrow and for eternity!

  • Swiss Prime Site can look back on a successful half-year

    Swiss Prime Site can look back on a successful half-year

    According to a message from Swiss Prime Site , the Olten real estate company generated income totaling 362.8 million francs in the first half of 2021. Adjusted for the sale of the subsidiary Tertianum, which was completed in February of last year, this corresponds to growth of 6.3 percent, explains Swiss Prime Site. All of the real estate company’s divisions contributed to the “pleasing growth”.

    In the core real estate segment, the pandemic led to a drop in income of 5.5 million francs, the announcement further explains. In contrast, rental income adjusted for Tertianum effects increased by 2.2 percent to CHF 213.4 million. The income from investment management for third parties increased by 56 percent to CHF 7.5 million.

    In the half-year under review, Swiss Prime Site reported operating profit before interest and taxes to be CHF 355.6 million. Excluding revaluations and the Tertianum effects, the result rose by 36.6 percent to CHF 211.0 million, the company writes. The EBIT margin increased year-on-year from 45.3 percent to 58.2 percent. The net profit was 257.1 million francs, compared to 269.7 million francs in the first half of 2020. Without the sales proceeds for Tertianum, however, the profit in the previous semester would have been only 64.4 million francs.

    For the entire current year, Swiss Prime Site expects an increase in rental income and income in the area of services. In terms of services, the company is also striving to improve margins.

  • Implenia is back in the black

    Implenia is back in the black

    According to a message from Implenia , the construction and real estate company from Dietlikon generated total sales of 1.88 billion francs in the first half of 2021. Compared to the same period in the previous year, this corresponds to a decrease of 2.2 percent. The focus on projects with higher margins is mentioned in the communication as a background. Despite the stricter criteria, Implenia's order backlog rose by 7.3 percent year-on-year to CHF 6.6 billion.

    Implenia reports an operating result (EBIT) of 40.0 million francs in the reporting semester. Excluding the profit contribution generated by the spin-off Ina Invest, an EBIT of 3.7 million francs was achieved in the first half of the previous year. In 2020 as a whole, Implenia posted an operating loss of 146.8 million francs.

    In the previous year, the company initiated a comprehensive transformation process. Business areas that are not part of the core business or are unprofitable are being cut back and risk management is being improved. Implenia has already implemented a number of adjustments to its portfolio. The announcement mentions, among other things, the divestments of business areas in Germany, Austria and Norway.

    "The operational measures taken have the first positive effects on the results," André Wyss is quoted in the press release. The Implenia CEO sees his company "well positioned to become an integrated, multinational leading provider of construction and real estate services". Implenia is aiming for an EBIT of more than 100 million francs for the current year as a whole.

  • Ina Invest has made millions in profit

    Ina Invest has made millions in profit

    Ina Invest closed the first half of 2021 with an operating result (EBIT) of CHF 3.1 million, the Implenia spin-off set up in spring 2020 informs in a message . The real estate company shows a net profit of 2.9 million francs.

    In the previous semester, a loss of just under 2 million francs was incurred. For 2020 as a whole, Ina Invest had already achieved a net profit of 3.9 million francs. With the result “again above expectations”, the company is building on “the successful previous year”, according to the announcement.

    The revaluation of investment properties achieved a profit of 3.8 million francs in the half-year under review. The total value of the real estate portfolio increased by CHF 19 million to CHF 385 million. Ina Invest explains that all of the properties currently being realized are on schedule. In the announcement, the real estate company highlights the tender high-rise in Winterthur. Here, 31 of the 39 apartments have already been sold or reserved.

    Ina Invest also acquired another property with a market value of more than 60 million francs in the six months under review. This means that the company has already exceeded its acquisition target for the year as a whole, the press release explains. Since the transfer of ownership will not take place until the current semester, the purchase will not yet affect the result in the half-year under review.

  • Novavest is growing profitably

    Novavest is growing profitably

    According to a notification from Novavest Real Estate AG , the value of the real estate company's real estate portfolio as of June 30th of this year was CHF 664.3 million. At the end of 2020, the value was 645.4 million francs. The growth was generated primarily through investments in investment properties and projects, explains Novavest. Revaluations contributed CHF 6.3 million to the portfolio's increase in value.

    Rental entries increased by 8 percent year-on-year to CHF 12.6 million. Around 62 percent of rental income is currently generated by residential properties, informs Novavest. The net return on investment properties was unchanged at 3.7 percent in the reporting semester. Compared to the end of 2020, the vacancy rate increased by 0.3 percentage points to 4.3 percent.

    The income was offset by direct expenses for rented properties amounting to CHF 2.0 million. Overall, Novavest's expenses increased by 6 percent year-on-year to CHF 4.4 million. The bottom line was an operating result at EBIT level of 14.5 million francs. In a year-on-year comparison, this corresponds to an increase of 29 percent. At 10.6 million francs, net profit including revaluations was 30 percent higher than in the same period of the previous year.

  • Swiss Prime Site Immobilien markets offices near Geneva

    Swiss Prime Site Immobilien markets offices near Geneva

    In the immediate vicinity of the Lancy-Pont-Rouge train station, Swiss Prime Site Immobilien AG is developing a building with 15 upper floors. Office and commercial space according to the latest standards for modern work is being built on 30,000 square meters. The real estate company based in Olten recently laid the foundation stone for the project called Alto Pont-Rouge , according to a media release .

    Marketing has already started. The first rental contracts, including with a co-working provider, have been concluded. The proximity to Geneva speaks for the location. Trains to the metropolis run several times an hour from Lancy-Pont-Rouge train station, which opened in 2017. Commuters reached Genève-Cornavin main train station in five minutes.

    France can also be reached quickly and will make the district a traffic and economic hub in the future, according to the media release. A new district is to be built in the former 230 hectare industrial quarter. 50,000 people are expected to settle there over the next 20 years. According to a press release, Pont-Rouge is the first major construction phase in the important Praille-Acacias-Vernets development area in Geneva.

  • Implenia is renovating the St.Gallen city motorway

    Implenia is renovating the St.Gallen city motorway

    The Federal Roads Office has commissioned ARGE Stadtautobahn with the renovation of the St.Gallen urban motorway between the St.Gallen West and St.Gallen East connections, Implenia explains in a press release . The construction and real estate company from Dietlikon has a 30 percent stake in ARGE Stadtautobahn. In addition to construction work, Implenia will take over the commercial management of the project for the renovation of the St.Gallen city motorway.

    The repair work should start at the end of May and be completed by the end of 2024, Implenia further explains in the communication. During this period, coverings, drainage, edge closures and noise barriers will be renewed and some bridges, galleries, support structures and the Stephanshorn tunnel will be renovated. In addition, the construction of a new passerelle is planned.

    "The renovation of the St.Gallen city motorway is a complex, large-scale project," Christian Späth is quoted as saying in the communication. The Head Civil Engineering Division Implenia is looking forward to being able to “combine Implenia's accumulated expertise in bridge, tunnel and road construction with our extensive experience in managing large infrastructure projects”.

  • Implenia takes over BAM Swiss AG

    Implenia takes over BAM Swiss AG

    Implenia and BAM Swiss signed an agreement on March 29 for the takeover of BAM Swiss AG by the Dietlikon construction and real estate company, Implenia informed in a press release . The acquisition is intended to strengthen Implenia's competitive position in future tenders. In addition, this will make the company “a leading construction service provider in the healthcare sector,” writes Implenia.

    Both companies are involved in the realization of the Aarau Cantonal Hospital. Implenia, BAM Swiss AG and BAM Deutschland AG have so far been involved, explains Implenia in the press release. In the future, the project is to be implemented “from a single source”.

    The new acquisition also gives Implenia a stronger presence in north-western Switzerland. Specifically, Implenia's project portfolio will be strengthened with the construction of a laboratory and research building for biosystems science and engineering in Basel and the Felix-Platter Spital project in Basel. In Zurich, Implenia will also take on the construction of a student residence hall for the Swiss Federal Institute of Technology Zurich through the acquisition.

    "With this transaction, Implenia is strengthening its market presence and is becoming a leading construction service provider in the healthcare sector in Switzerland, an industry with great growth potential in terms of real estate," Implenia CEO André Wyss is quoted in the press release. "The acquisition is in line with our strategy and the goal of Implenia's Buildings Division to expand its market share as a total contractor for complex, large-scale projects."

  • Fundamenta Real Estate posts record profit

    Fundamenta Real Estate posts record profit

    According to a release from Fundamenta Real Estate AG , the Zug-based real estate company generated net rental income of CHF 33.47 million in the 2020 financial year. In a year-on-year comparison, this corresponds to growth of 13.4 percent. The announcement mentions the purchase of two new properties and the completion of three of its own projects as growth drivers. In addition, the company was able to reduce its vacancy rate year-on-year by 0.2 percentage points to 3.5 percent.

    A new record of CHF 26.69 million was reported as net profit in the 2020 reporting year. In the previous year, a net profit of CHF 22.51 million was realized. In the year under review, a slightly lower revaluation effect than in the previous year was more than offset by “an excellent operating result” and the sale of three properties, explains the real estate company.

    "The stability of our real estate portfolio, which is dominated by residential space, has also been shown in this special year," Andreas Spahni, President and Delegate of the Board of Directors, is quoted in the press release. "The corona crisis only had a marginal effect on the result."

    The balance sheet value of Fundamenta Real Estate's real estate portfolio rose from CHF 908.91 million to CHF 991.94 million in the course of the year under review. In February of this year, the company acquired another residential property. In addition, the “further repositioning of two existing properties in Zurich and one property in Bern” has started, according to the announcement. Fundamenta Real Estate plans to carry out a capital increase this year to finance ongoing projects. Details are to be communicated after the General Assembly on April 8th.

  • Pandemic cuts profits at Zug Estates

    Pandemic cuts profits at Zug Estates

    According to a statement from the Zug Estates Group , the real estate company was able to increase its property income in 2020 by 6.1 percent year-on-year to 57.8 million francs. In the accommodation business, income from the effects of the pandemic was reduced by 57.8 percent to 7.0 million francs. In 2020, income of 72.5 million francs was generated from the sale of properties. In the previous year, 45.6 million francs were posted here.

    In 2020, income would have been offset by 15.6 percent higher expenses of 9.0 million francs year-on-year, writes Zug Estates. As a result, the operating result before depreciation and revaluation fell by CHF 3.8 million to CHF 49.6 million. The reported operating result (EBIT) was CHF 43.7 million, 38.0 percent below the 2019 figure. Consolidated earnings excluding revaluation and special effects fell from CHF 31.4 million to CHF 25.9 million.

    The value of its own portfolio of real estate increased by 1.5 percent to 1.65 billion francs in the year under review, explains Zug Estates. In addition, in 2020 the company was able to renew leases with a total volume of over CHF 2.6 million per year. For the current year, Zug Estates anticipates increasing rental income and lower property costs compared to the year under review.

  • Implenia sees itself in a good position

    Implenia sees itself in a good position

    According to a message from Implenia , the construction and real estate company from Dietlikon generated sales totaling CHF 2.99 billion in 2020. In the previous year, sales of 4.43 billion Swiss francs were posted. The operating result at EBIT level fell year-on-year from CHF 63.5 million to CHF -146.8 million. A loss of 132.1 million francs was reported as the consolidated result; in 2019, a profit of 33.9 million francs had been realized.

    The order backlog remained at a high level at CHF 6.39 billion and is also well distributed across business areas and markets, Implenia writes in the press release. More than 80 percent of the sales targeted for the current year are already secured. In the current year, the company intends to be back in the black.

    The return to the profit zone should be achieved through restructuring in the portfolio and measures for profitable growth. Implenia writes that the company has already started to reduce business areas that are not part of its core business or that are unprofitable. For profitable growth, "an effective management of opportunities and risks was introduced".

    Implenia wants to report an EBIT of at least 100 million francs in the current year. At the corresponding rate, the target is 2.8 percent. In the medium term, an EBIT margin of 4.5 percent should be achieved.