Dagsis investment group grows by almost 3%
The investment group Commercial Real Estate Switzerland Dagsis of the investment foundation DAI has recorded an increase in value of 2.92% in the second quarter of 2020.
According to an announcement by the DAI Investment Foundation, the performance of the Dagsis investment group is 5.18% (YTD); based on the current fiscal year (June 30), it is 11.11%. The net asset value is CHF 147.10; the assets of the investment group amount to CHF 182.6 million. As of the end of the second quarter, a property in Küssnacht am Rigi (SZ) was purchased in a sale-and-rent-back transaction and leased back to the seller on a long-term basis.
The investment group invests in commercial and special-purpose properties along Switzerland's main transport routes, focusing on income-producing properties that are stable in value, well-maintained, have a net cash flow yield of around 5%, are fully leased and have long-term, indexed leases. DAI says that it is currently impossible to predict what impact, if any, the Corona pandemic will have on the portfolio. The tenant segments particularly affected by the pandemic and the lockdown - retail, gastronomy, hotel and also office - are not represented in the portfolio. Only the further course of the crisis will show whether and how strong the effects on the portfolio will be. (ah)
