Tag: Immobilienprojekte

New orders in Germany strengthen building construction business

Implenia has landed contracts for building construction in Germany with a volume of more than 200 million euros. According to a press release, the projects are “in line with the Group’s strategic focus on large and challenging property projects that require extensive expertise and many years of experience”.

On behalf of project developer and asset manager Rock Capital Group, the construction group will act as general contractor in Munich-Neuhausen, transforming the approximately one-hectare Bruckmann Quartier on Nymphenburgerstrasse into a high-quality office quarter. A combination of new construction and modernisation will create 28,000 square metres of office floor space in a prime central location. Individual parts of the building will be newly constructed, historic components will be modernised, one building will be extended and another will have a listed façade. Construction is due to start in 2025.

In Brandenburg, Implenia is constructing a new administration building as the technical leader in a joint venture with GP Papenburg, a comprehensive school in the Ruhr region and a six-court sports hall with functional buildings for two grammar schools in Frankfurt am Main. All three new buildings will be handed over on a turnkey basis.

Implenia is once again active at the Mainz customs harbour. The Group is now realising the Rheinwiesen living project for the project company of BWL Wohnungsbaugesellschaft and Volksbank Darmstadt. It consists of five five-storey residential buildings with an unobstructed view of the Rhine. Implenia has also been commissioned to construct a senior citizens’ residential complex in Magdeburg and an exhibition and sales building for the Stark Group in Nuremberg.

September 2025
Property company secures financing for green projects

Basel-based HIAG Immobilien Holding AG has placed its first green bond for CHF 100 million with a term of 5.25 years and a coupon of 1.42 per cent, according to a press release. The proceeds from the issue will be used to finance and refinance sustainable buildings and projects in accordance with HIAG’s Green Financing Framework, the press release continues. Payment of the subscribed shares will take place on 23 January 2025 and trading of the green bond on the SIX Swiss Exchange has been applied for.

With this issue, HIAG was able to benefit from the favourable interest rate environment and secure financing over a longer time horizon, the statement continues. The green bond and the sustainable syndicated credit line of CHF 500 million launched in summer 2023 are in line with HIAG’s sustainability strategy, the statement continues.

The property company HIAG is listed on the SIX Swiss Exchange and, according to its own information, has a property portfolio with a total value of CHF 1.95 billion. HIAG currently operates on an area of around 743,000 square metres with 58 projects and an expected investment volume of CHF 3 billion. According to HIAG, the portfolio comprises 41 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions in German- and French-speaking Switzerland.

January 2025
Swiss Prime Site plans to issue a convertible loan in the amount of CHF 250 million maturing in 2030

Swiss Prime Site AG (“Swiss Prime Site”), rated by Moody’s as an “A3” issuer, plans to issue an unsubordinated, unsecured convertible loan in the amount of CHF 250 million due in 2030 (the “SPS Convertible Loan”) to finance real estate projects and refinance current debt. The Bonds are convertible into newly issued or existing registered shares (the “Shares”) of Swiss Prime Site (or equivalent compensation in cash, or equivalent combination in cash and shares, at the option of Swiss Prime Site) and serve as collateral for an exchangeable bond to be issued simultaneously by a financing company to investors.

Swiss Prime Site plans to issue the SPS Convertible Loan to be issued to ELM B.V. (“ELM”) and held by ELM, or an agent of ELM on its behalf. ELM is a finance company (a so-called “repackaging vehicle”) held through a trust and domiciled in the Netherlands. ELM, in turn, intends to issue a 7-year exchangeable bond (the “ELM Exchangeable Bond”) secured by the SPS Convertible Loan. Holders of the ELM Exchangeable Bonds will have the right to exchange the ELM Exchangeable Bonds for Swiss Prime Site Shares (or equivalent cash compensation, or equivalent combination of cash and shares, at the option of Swiss Prime Site) based on the relevant terms of the SPS Convertible Loan. All payments as well as the delivery of the Shares to the holders of the ELM Exchangeable Bonds will be made provided that ELM, as holder of the SPS Convertible Loan, receives the payment or delivery of the Shares under the SPS Convertible Loan.

The SPS Convertible Loan is a non-subordinated, unsecured convertible loan from Swiss Prime Site and is expected to bear interest at a fixed rate of between 1.125% and 1.625% per annum, payable annually in arrears. The SPS convertible loan will be repaid at its nominal value on or about 31 May 2030. Under certain circumstances, Swiss Prime Site may repay the convertible loan early in cash. Holders of the SPS Convertible Loan are entitled to demand repayment of the SPS Convertible Loan after 4 years (and in certain other circumstances customary in the market) at its nominal value plus accrued interest.

Under its terms, the SPS Convertible Loan is convertible by the holders thereof into Swiss Prime Site Shares at an initial Conversion Price which is expected to be fixed at a premium between 10% and 15% above the volume weighted average price of the Shares on the SIX Swiss Exchange AG between the Commencement Date and the pricing of the Offer on 23 May 2023. The conversion price may be adjusted under certain circumstances. Swiss Prime Site has the right to settle the conversion right in shares or cash (or an equivalent combination thereof).

The net proceeds received from the issuance of the SPS Convertible Loan will be used for projects under Swiss Prime Site’s Green Finance Framework. The ELM Exchangeable Bond is not itself classified as a Green Bond.

As part of the issuance of the SPS Convertible Loan, Swiss Prime Site has committed to a lock-up period of 90 days after the issue date with respect to the issuance of shares (or equity-like financing instruments), subject to customary exceptions. The pricing of the ELM Exchangeable Bonds (and the SPS Convertible Loan) will take place today in an accelerated bookbuilding process. The final terms of the ELM Exchangeable Bonds and the SPS Convertible Loan are expected to be announced today. The payout is expected on or around 31 May 2023.

The offering of the ELM Exchangeable Bonds will be made as a private placement to professional investors in and outside Switzerland. Advance subscription rights of Swiss Prime Site shareholders will be excluded. It is planned to apply for admission of the ELM Exchangeable Bonds to trading on the Regulated Unofficial Market of the Frankfurt Stock Exchange. Neither the ELM Exchangeable Bonds nor the SPS Convertible Loan will have a rating. This press release is only a summary of the terms of the ELM Exchangeable Bonds and the SPS Convertible Loan. Please refer to the full terms and conditions of the ELM Exchangeable Bonds and the SPS Convertible Loan.

May 2023

Capital raising of the “Vertina Wohnen” investment group

The foundation, which was established in March 2022, was able to notarise 6 properties within a year. The portfolio, which focuses primarily on new buildings, has a market value of around CHF 60 million as of 31 December 2023. After completion of the projects, the market value will be around CHF 117 million. The new capital will be used for the focused expansion of the portfolio. Two real estate projects with an investment volume of CHF 70 million were secured for this purpose.

With its strategy, the Vertina Investment Foundation reconciles the requirements of investors and the needs of tenants. It has the knowledge and experience to combine high-yield real estate with responsibility for the environment. With its focus on future-oriented residential buildings in well-developed locations, the foundation aims for maximum sustainability.

Details on capital raising

Target volume	CHF 50 million
Subscription volume	Minimum CHF 0.5 million
Issuing premium	1.0% (in favour of assets) Relevant NAV as of payment date
Security number / ISIN	116 503 599 / CHE116 503 599 4
Allocation process	Subscriptions up to CHF 20 million will receive a full allotment. The remaining subscriptions may be reduced proportionally in case of oversubscription.
Subscription period	Start: 20 March 2023, End: 26 May 2023

Existing and new investors who are permitted to invest in tax-exempt foundations in accordance with Swiss legislation and the Articles of Association of Vertina Investment Foundation may participate in the capital raising.

Detailed information on the investment foundation and the “Vertina Wohnen” investment group can be found at: www.vertina.ch

March 2023

Energeek makes investing in solar energy accessible to everyone

The cleantech-project.org of Energeek Group AG and CES Cleantech Energy Systems GmbH wants to enable everyone to participate in the energy transition. CES Cleantech Energy Systems explains in a press release that those who do not have the financial means to renovate their own roof or do not own any property at all cannot usually contribute to climate neutrality through solar energy. To remedy this, Energeek Group AG offers investments in solar panels for specific real estate projects.

Interested parties can purchase one or more panels and then rent them out to the project company, as explained in the press release. A project on a horse farm and hotel in the Freiberge mountains is given as an example. Here Energeek offers panels at a price of just over 900 francs per piece. In addition to the annual rental income of 82.50 francs, the buyers benefit from federal subsidies for solar systems, the one-off payment.

As an advantage of Energeek’s projects, the company emphasizes the use of so-called solar trackers. In addition to permanently installed panels, panels are installed that turn towards the sun via the solar trackers. In this way, morning and evening sun and gaps in the clouds can also be used to produce solar power.

Energeek provides online information on the current range of real estate projects, the prices and the rental income of the corresponding solar panels. According to the statement, purchased panels and the associated rental agreement with the project company can be resold, inherited or given away at any time.

March 2022
Partners Group cooperates with StoryBuilt

The Partners Group , a global manager of private market investments, has partnered with the Texan real estate developer StoryBuilt , according to a press release . Both have formed a joint venture with a capitalization of $ 1 billion. It will fund 17 of StoryBuilt's existing projects as well as future acquisitions and developments in the most dynamic American cities of Austin, Dallas, Denver and Seattle.

Projects include apartment buildings, condominiums, and mixed-use properties. "The Partners Group offers StoryBuilt a strong future in which we can accelerate our growth and steadily increase our property acquisitions and developments," said co-founder Anthony Siela in the press release.

Scott Egarian, executive board member of Private Real Estate Americas at Partners Group, sees “strong thematic investment opportunities in the housing market in growth cities” for his company. The housing shortage there “should support demand in the years to come. We believe StoryBuilt has the right offer. "

December 2021
ewz implement 100 climate-neutral real estate projects

Ewz is aiming for an ambitious goal by 2030: "Individual projects are not enough to achieve the national climate targets," ewz director Benedikt Loepfe is quoted in a media release. Instead, ewz understands the flagship Fischermätteli quarter in Burgdorf BE, which is currently under construction, "as a starting point for an ambitious goal: 100 real estate projects – 100% climate-neutral".

Because the construction and maintenance of buildings generate a good third of all pollutant emissions, energy-efficient buildings and a climate-neutral energy supply are among the most important levers for Switzerland's climate goals, the press release said. For example, the combination of heat pumps, solar power, storage and electromobility leads to the greatest possible self-sufficiency with low resource consumption. In doing so, local, renewable energy sources are consistently used.

"With the comprehensive implementation of such climate-neutral real estate projects – both new buildings and renovations – ewz is making a significant contribution to environmental and climate protection and the energy transition," said Loepfe. "As one of the first energy supply companies, ewz is committed to a pioneering commitment to a CO2-free Switzerland."

March 2021