Tag: PLAZZA AG

  • 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.

  • Thomas Casata becomes the new CEO of PLAZZA

    Thomas Casata becomes the new CEO of PLAZZA

    Thomas Casata (1965, Swiss citizen) has been CFO for PLAZZA AG since 2016. He studied business administration at the University of Stuttgart and has many years of extensive experience in the financial sector. Among other things, he worked as a partner for EJ Capital AG and for around 13 years was CFO and member of the executive board of ExecuJet Aviation Group in Zurich, Ascom in Bern and Esec in Cham.

    For PLAZZA, the appointment of Thomas Casata as CEO means the continuation of the very successful and proven team of management. As CFO, he quickly familiarized himself with the specifics of the real estate sector, professionally managed the finance department and developed an exemplary basis for decision-making for the management and board of directors. In his new role he will play an even more important role in the further development of PLAZZA.

    Thomas Casata says: “I am delighted with the additional trust that the Board of Directors has placed in my work and in myself. PLAZZA is excellently positioned and has a promising pipeline. In my new leadership role, I would like to consistently pursue this path to success together with my team. "


    Ralph Siegle's tasks in the real estate area will in future be carried out by a real estate / portfolio manager as a member of the three-person management team. This position will be created as of January 1, 2022 as part of the succession plan. The Board of Directors has already initiated the relevant search.