immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Rekord

  • Construction of the world’s largest building

    Construction of the world’s largest building

    With a height and width of 400 metres each, the Mukaab will surpass the Empire State Building in New York almost twenty times over. Construction work has now begun in the desert state and the megaproject is due to be completed by 2030. The cube will offer a variety of flats, shops and leisure facilities, strengthening Riyadh’s position as an up-and-coming tourist metropolis. Saudi Arabia is investing 50 billion dollars in the north-west of the capital to create a new urban landscape.

    Virtual reality and artificial intelligence
    The outside of the Mukaab is to be equipped with virtual reality technology to transport visitors to fascinating landscapes. Inside, artificial intelligence will create holograms and simulations that project different places and times at breathtaking scale. The building will thus become a kind of digital adventure park that will attract visitors from all over the world.

    Prestigious projects with challenges
    Mukaab is part of Crown Prince Mohammed bin Salman’s “Vision 2030”, which aims to turn Saudi Arabia into a global tourist destination and business centre. The city of Neom and the linear megaproject “The Line” are also part of this ambitious plan. However, the plans for “The Line” have already been scaled back considerably due to logistical and financial hurdles. Instead of 170 kilometres, the structure will only be 2.4 kilometres long by 2030. It is uncertain whether it will ever reach the planned capacity for 9 million people.

    The Jeddah Tower – a long construction history
    Another mega project, the Jeddah Tower, was originally planned to be the tallest building in the world. After years of delays, the height was reduced from 1600 metres to 1007 metres. Construction began in 2013, but after a five-year break, the project is progressing slowly. The Jeddah Tower could be completed in 2029 at the earliest and become the new record holder.

    Criticism and controversy
    The Mukaab has already caused controversy. The design of the giant cube reminds many of the Kaaba in Mecca, the central shrine of Islam. This similarity is causing criticism in the conservative kingdom, as some citizens consider the construction to be disrespectful.

    It remains to be seen whether the Mukaab project will be realised on time or, like other Saudi megaprojects, run into difficulties. However, the size and ambition of these construction projects show the transformation that Saudi Arabia is undergoing. A transformation that is set to turn the country into a global tourism and business centre and will extend far beyond the oil era.

  • PropTech investors score with quality and industry know-how

    PropTech investors score with quality and industry know-how

    Despite interest rate increases, declining transactions, rising construction costs and tighter regulations, the construction and real estate industry is experiencing a wave of innovation. This is due in particular to the PropTech scene, which set a new record last year with an investment volume in the high triple-digit millions in the DACH region.

    A survey conducted in June 2023 on the brand awareness of PropTech investors revealed a growing diversity of funders active in different regions. The 90 real estate executives and professionals surveyed concluded that brand awareness is increasingly important in this dynamic environment. It can be assumed that in the future investors will increasingly deal with branding and marketing in order to expand their own visibility and strengthen their reputation.

    Quality and number as criteria for cooperation
    Around 42 percent of the participants stated that they knew PT1 – PropTech1 Ventures. The company was rated as a leading investor by the respondents both in terms of overall perception and along individual criteria. Multiple responses were possible. It is followed by Bitstone Capital (approx. 33 percent), BeyondBuild (approx. 26 percent) and High Rise Ventures GmbH (approx. 22 percent).

    In the case of interest in a collaboration, the choice of an investor depends on various criteria. The quality of the investments made proved to be important or very important for around 90 percent of the survey participants. The number of previous investments was also rated as important or very important by three-quarters of respondents. Other relevant criteria are the level of awareness, quality (network, industry know-how) and expected returns.

    Advice, mentoring and expertise as the most important services
    Nevertheless, the survey shows that the market shares of PropTech investors are not solely due to financial support. The range of services and the fulfilment of service expectations are also decisive, whereby the latter differ according to the recipient group: For example, real estate decision-makers primarily expect a good market overview, advice, expertise and a strong network. PropTechs, on the other hand, value capital, business development support, access to resources as well as advice and mentoring.

    These findings suggest that expertise, industry knowledge and service quality are becoming more important for PropTech investors to gain competitive advantage in the future. The diversity of investors also highlights the importance of regional expertise.

    Survey results at www.pom.ch

  • Sika posts record sales

    Sika posts record sales

    Sika generated record sales of 9.24 billion Swiss francs in the 2021 financial year, the Zug-based group specializing in specialty chemicals in the construction and automotive industries, which is active around the world, reports in a press release. Compared to the previous year, this corresponds to growth of 17.1 percent in local currencies. Organic growth is put at 15.1 percent year-on-year in the announcement. A number of acquisitions made during the reporting period contributed 2.0 percentage points to sales growth.

    "As expected, the challenging year 2021 ended very successfully for Sika", CEO Thomas Hasler is quoted in the announcement. "We benefit from various growth platforms and are excellently positioned to achieve long-term success." Hasler expects government investment programs to further boost sales growth in the future. In addition, the CEO sees an enormous need for sustainable solutions in the construction industry.

    In the year under review, Sika sales in the construction industry grew faster than the market, the press release further explains. Sika shows double-digit growth year-on-year in all regions of the world. The strongest growth in sales, at 21.0 percent, was in the Americas region. In the separately reported business with the automotive industry (Global Business segment), Sika returned to the growth zone in the reporting year after a decline in 2020. Specifically, growth of 4.3 percent was achieved in local currencies.

    The group plans to communicate its detailed annual report for 2021 on February 18. In doing so, Sika expects to be able to report a disproportionately high increase in the operating result at EBIT level and an EBIT margin of 15 percent.

  • Building program has a record year

    Building program has a record year

    2020 was a record year for the federal and cantonal building program. A total of CHF 299 million has been paid out for renovation and new construction projects, more than in any previous year, according to a federal media release.

    Of this, 119 million francs went to thermal insulation projects. At 72 million francs, system renovations make up the second largest share. This involves extensive renovation of the building envelope, which can be combined, for example, with renovation of the heating systems. Around 62 million francs in funding have been awarded for projects relating to heating changes, solar and ventilation systems. In these projects, known as building services, an increase of 65 percent was achieved compared to the previous year.

    The building program also has successes in terms of climate protection and employment. The measures funded in 2020 will save 5.7 million kilowatt hours of electricity and 1.4 million tons of CO2 over the entire service life. However, since the subsidy rates were increased compared to 2019, the proportion of francs paid out per ton of CO2 saved rose from 205 francs to 207 francs. The employment effect is 2,100 full-time equivalents, the additional domestic added value is 88 million francs.

  • Holcim achieves record results

    Holcim achieves record results

    Holcim AG posted record results in the first half of 2021. The building materials manufacturer from Zug achieved an operating profit of 1.98 billion Swiss francs. That is 66 percent more than in the same period last year, according to a press release .

    Net sales of CHF 12.55 billion were also 17.4 percent, well above the previous year. Holcim had to accept major losses in the Corona crisis. “Around this time last year, I said that Holcim would emerge stronger from this crisis. These half-year results prove it ”, CEO Jan Jenisch is quoted in the media release.

    The acquisitions of seven companies by Holcim also contributed to the good result. The most recent takeover of roof and pond waterproofing system manufacturer Firestone Building Products saw a 21 percent increase in volume in demand. Due to this positive business development, the company is adjusting its expectations for adjusted operating profit in the current year to 18 percent.

  • Sika is growing at a double-digit rate

    Sika is growing at a double-digit rate

    According to a message from Sika , the Zug-based building materials group closed the first half of 2021 with new record values. In concrete terms, sales grew by 23.1 percent to 4.45 billion Swiss francs. The operating result at EBIT level rose by 67.2 percent year-on-year to 685.9 million francs. The EBIT margin reached a new record at 15.4 percent.

    "We asserted ourselves again in a market environment that remained challenging and achieved very good business results in the first half of 2021", Thomas Hasler is quoted in the press release. "COVID-19 will continue to challenge us," says the CEO. "But we are well positioned and have proven our resistance to crises under difficult economic conditions and created new growth platforms."

    All of Sika's business regions contributed to the positive development in the first half of 2021 with double-digit sales growth rates. In the EMEA region (Europe, Middle East, Africa), a year-on-year increase in sales of 25.2 percent to 2.04 billion Swiss francs was achieved. The Americas region grew by 15.8 percent to 1.10 billion Swiss francs. In the Asia / Pacific region, sales increased by 26.4 percent to 960.8 million francs. Business with the automotive industry (Global Business) grew by 26.4 percent to CHF 351.0 million.

    For the year as a whole, Sika expects sales growth of between 13 and 17 percent in local currencies. The operating result is to be increased disproportionately. Sika expects the EBIT margin to be at least 15.0 percent despite rising raw material prices.

  • 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.

  • Pension funds are putting banks under pressure

    Pension funds are putting banks under pressure

    In the past year, mortgage holders reached new records for possible savings, writes MoneyPark in a press release . With this statement, the Zurich-based fintech relies on the analysis of fixed-rate mortgages concluded via its own platform. According to her, when taking out a ten-year mortgage, mortgage borrowers were able to save an average of 22 percent, or 26 basis points, compared to the benchmark rate of 1.17 percent. With a borrowing of 750,000 francs, this would save a total of 19,500 francs over the entire term, explains MoneyPark.

    According to the fintech company, the high savings are related to the competition that alternative capital providers are making for traditional banks. Pension funds in particular are increasingly entering the mortgage business, writes MoneyPark. They offered an average of 46 basis points discount on ten-year mortgages last year. Insurance companies and banks were well behind with an average discount of 29 and 20 basis points, respectively, from the target rate.

    Towards the end of the year, the competition has eased somewhat, is further explained in the announcement. "On the one hand, this can be explained by the fact that the providers no longer fought for every deal at the end of the year and, on the other hand, capital market rates rose, making alternative investments significantly better returns than they were at the beginning of 2020," said Stefan Heitmann, founder and CEO of MoneyPark, quoted there. "But we see clear signs that the competition among the providers will intensify again."