Tag: SPA

  • Artisa Group restores Locarno's grand hotel

    Artisa Group restores Locarno's grand hotel

    Artisa Group wants to renovate and expand Locarno’s Grand Hotel. A corresponding planning application has already been submitted, the Zug-based company, which specializes in real estate investments on the Swiss and European market, informed in a press release . For the project, Artisa Group is collaborating with architect Ivano Gianola.

    Artisa writes that the design envisages the preservation of the existing substance and in particular the listed frescoes, decorations and facades of the historic building. The large hall, in which the peace conference took place in 1925, is to be restored in a contemporary way. A new SPA and wellness center will be set up.

    “The new Grand Hotel Locarno will set standards worldwide in terms of excellence, sustainability and modern service,” explains Stefano Artioli, Vice President of the Artisa Group, in the press release. “In addition, we will take responsibility for 100 employees who will work in the hotel.”

    Outside, the concept envisages a redesign of the more than 4000 square meter park. Together, the hotel and park should complement the tourist offer of Ticino, according to the statement. “The holistic hotel concept fits perfectly with the OTR strategy (Mendrisiotto and Basso Ceresio, Luganese, Bellinzonese and High Ticino as well as Lake Maggiore and valleys): wellness, food and wine, events, meetings, sustainability,” says Fabio Bonetti, Director of the Tourist Organization of Lake Maggiore , cite there.

  • Swiss Prime Investment Foundation achieves high returns

    Swiss Prime Investment Foundation achieves high returns

    The investment group SPA Real Estate Switzerland of the asset manager Swiss Prime Investment Foundation in Olten ( SPA ) closed the first half of 2021 with an investment return of 3.28 percent. In the same period of 2020, the return was 1.66 percent, according to a media release .

    The market value of the real estate portfolio also increased significantly: from 2.31 billion francs in the first half of 2020 to over 2.8 billion francs in the first half of 2021. This is due to transactions and investments. SPA added four properties worth CHF 118 million to the investment group's portfolio, including a retirement center in Bern and five apartment buildings in Schüpfheim LU.

    “The overall portfolio has shown a strong appreciation of CHF 33.8 million net due to the positive developments in new construction projects and marketing success,” the press release continues. The vacancy rate has also fallen from 4.17 to 3.34 percent.

    The investment group SPA Living + Europe, which was launched in 2020, also closed the first six months of this year successfully with a 4.4 percent return after the first transaction. The profit results from the purchase of five retirement and care properties in Germany.