immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Marktentwicklung

  • Property portfolio grows despite stable income

    Property portfolio grows despite stable income

    The real estate company PSP Swiss Property has announced its 2025 business results. Property income reached 349.2 million, down 0.2 per cent on the previous year’s result. On a like-for-like basis, however, growth of 1.3 per cent was achieved, mainly due to index adjustments. Profit excluding property gains amounted to 225.4 million, or 4.91 Swiss francs per share. Net profit rose by 8.9 per cent to CHF 408.5 million, mainly as a result of higher portfolio revaluations of CHF 231.1 million. Earnings per share increased to CHF 8.91 and the dividend per share to CHF 3.95.

    The portfolio value rose to CHF 10.1 billion at the end of 2025, with 150 investment properties and ten development properties. The revaluation was mainly driven by successful lettings in high-street retail in Zurich and rising market tenant expectations in prime locations. The vacancy rate was 3.5 per cent. The average remaining term of leases (WAULT) was 4.9 years, and 5.3 years for the largest tenants.

    Overall, the Swiss market for commercial properties remained stable, according to the report. In 2025, high-quality office space in central locations was in particular demand. In Geneva and Zurich, demand for city centre locations remained high, while the markets in Bern and Lausanne remained stable. In Basel, the oversupply of office space continued. The investment market picked up over the course of the year thanks to moderately falling interest rates and improved financing conditions.

    PSP expects the market to continue to develop positively in 2026, with stable rental demand in its core business. According to the company, low interest rates are likely to support the transaction market, while high-quality properties remain in short supply. The company therefore intends to invest selectively, exploit opportunities with long-term value growth potential and continue its shareholder-friendly dividend policy.

  • Hydrogen plant in Seewen suspended – market development remains crucial

    Hydrogen plant in Seewen suspended – market development remains crucial

    According to a press release, ebs Wasserstoff AG is suspending its project to produce hydrogen at the site of the surfacing plant in Seewen. The reason given for the decision is that sales and profitability are currently insufficient. However, the market situation is being monitored. Should demand increase, the project could be resumed.

    The Schwyz-based energy supplier ebs Energie AG holds a 60 per cent stake in ebs Wasserstoff AG, the road and civil engineering company A. Käppeli’s Söhne AG Schwyz holds a 25 per cent stake and the Basel-based energy supplier IWB holds a 15 per cent stake. Together, they submitted a planning application for a production plant in Seewen in 2022.

    According to a breakdown by ebs, the plant would produce hydrogen with a capacity of 5 to 6 megawatts for up to 100 lorries a day. This would have been sufficient for 11.1 million lorry kilometres per year and would have saved 7.8 million kilograms of CO2. The investment costs were estimated at CHF 16.8 million.

    Some of the hydrogen could also have been fed into the gas grid by ebs Erdgas Biogas AG. The waste heat from the electrolysis process could have been utilised in the surfacing plant.

  • Higher margins through optimisation in the construction supply sector

    Higher margins through optimisation in the construction supply sector

    According to a press release, Arbonia, the Arbon-based building supplier, increased its turnover by 10.2 per cent to 556.3 million Swiss francs in the 2024 financial year despite a difficult situation, particularly in the German market. This includes the acquisitions of Dimoldura in Spain and Rozière in France as well as the Czech company Lignis. However, excluding currency and acquisition effects, a decline of minus 5.4 per cent was recorded, the report continues. This nevertheless represents an improvement on the previous year (minus 8.2 per cent).

    The decline was mainly due to a continued fall in volumes as a result of the ongoing decline in new residential construction activity combined with rising average labour costs and negative exchange rate effects.

    According to the press release accompanying the annual report, construction activity in Arbonia’s largest European markets did not yet recover noticeably in 2024. Instead, the second half of the year was weaker than expected in Germany, an important market for Arbonia: declining building permits and high financing costs are cited as problems here.

    EBITDA including special effects increased by 107.8 per cent to CHF 66.3 million in the financial year. This corresponds to an increase in the EBITDA margin from 6.3 to 11.9 per cent, according to the press release. This includes a profit of around 29 million Swiss francs from the sale of the Zelgstrasse site in Arbon. EBITDA excluding special effects increased by 22.1 per cent to 41.7 million Swiss francs. This corresponds to an increase in the EBITDA margin from 6.8 per cent to 7.5 per cent.

  • Grocery stores record the most start-ups

    Grocery stores record the most start-ups

    After years of store closures, CRIF AG reports positive news from the bricks-and-mortar retail sector: according to a study, more stores have been opened in the past ten years than have disappeared. According to the study, 32,275 new stores opened, while 26,926 had to close. This results in an increase of 5,349 stores and growth of 16.6 percent overall. This is according to a press release from the business information agency.

    Online retail achieved the highest growth rate with net growth of 42.4%. A “real growth spurt” was recorded during the coronavirus pandemic in 2020 and 2021 in particular, according to the report. In 2022, the number of new start-ups fell by more than 30%, while new online retailers were added again in 2023.

    In terms of sectors, food suppliers (2547 new stores) are in the lead. They are followed by clothing stores (2,56), other food retailers (1846) and magazine stores (1752).

    The greatest loss of stores is in consumer electronics and computers, bakeries, butchers and clothing stores.

    The CRIF study took into account all retail businesses and online stores entered in the commercial register that were founded and deleted during the ten-year period.