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Tag: Immobiliengruppe

  • Peach Property records record number of new leases

    Peach Property records record number of new leases

    According to a media release , the Peach Property Group has reached a new high in new lettings in Germany. The letting success has reduced the number of vacancies, while at the same time rental income has increased. For example, more than 15 percent growth was recorded for newly rented apartments compared to the average price per square meter for the group at the end of 2021. According to the announcement, the Peach Property Group's rent for existing properties continues to be below the average market rent. The continuation of the restructuring program also contributed to the group's solid financial structure. Around 1,400 units have been modernized, 15 percent of which have been brought up to date in terms of energy.

    The positive half-year balance reflects "the efficiency and scalability of the group's digital rental platform" and underlines "the potential for rent increases in the portfolio". "We have never renovated and rented out so many apartments," says Dr. Thomas Wolfensberger, CEO of Peach Property Group AG, quoted.

    Peach Property describes the sale of twelve of the planned 56 residential units in the new Peninsula development in Wädenswil on Lake Zurich as a strong signal for the Swiss portfolio. In addition to the portfolio optimization, the financing structure is developing positively as a result of successful capital management. A bond maturing in February 2023 was bought back early at a price of 94 percent.

    For the second half of the year, the group expects net rental income of CHF 113 to 118 million and an operating result of CHF 18 to 21 million.

  • Investis grows profitably

    Investis grows profitably

    Investis generated total sales of 216 million francs in the 2021 financial year, the Zurich-based real estate group, which specializes in apartments in the mid-price segment in the Lake Geneva region, announced in a press release. In a year-on-year comparison, this corresponds to growth of 21 percent.

    The operating result at EBITDA level before revaluations increased by 18 percent to CHF 54 million in the same period. Operating profit at EBIT level increased by 73 percent to CHF 235 million. This includes a gain from revaluation effects of CHF 184 million.

    At CHF 235 million, net profit was CHF 99 million higher than in 2020. The real estate portfolio was valued at CHF 1.735 billion at the end of 2021. At the end of 2020, 1.490 billion Swiss francs were reported.

    Stéphane Bonvin, CEO of Investis Group, said he was “very proud of everything that has been achieved since our IPO in 2016”. “All of the targets we set for the IPO were exceeded.” According to Bonvin, both the real estate business and the real estate services business contributed to the good developments.

    For the near future, Investis assumes that demand for apartments in the Lake Geneva region will increase and prices will rise as a result. Here the group intends to further optimize its real estate portfolio in the current year. Digitization is to be promoted in the Real Estate Services division.