Swissinvest is clearly in the plus
The Swissinvest Real Estate Fund generated total income of CHF 41.44 million in the first half of 2020/21. This is almost as much as in the entire previous financial year.
The Swissinvest Real Estate Fund further optimized its portfolio in the first half of the 2020/21 fiscal year (ended Dec. 31). According to the fund management company Pensimo, four properties with a total market value of CHF 16.1 million were sold, resulting in a capital gain of CHF 8.53 million. At the end of 2020, the fund purchased a commercial property in Zurich with a market value of 56.37 million.
The market value of the total portfolio, taking into account acquisitions and disposals, increased by 8.5% to approximately 1.1 billion compared to June 30, 2020.
Investment return of 5.34%
The performance of Swissinvest for the reporting period is 12.84% and the investment return is 5.34%.
At 21.26 million, rental income is 5.2% higher than in the same period of the previous year. Net income reached the previous year's level at 11.15 million, while realized income increased by 76.3% to 19.7 million (2019: 11.16 million) due to sales. Total income at 41.44 million almost reached the mark of the full fiscal year 2019/20 (42.00 million).
Pensimo puts the accumulated vacancy, including pandemic-related rent abatements amounting to CHF 34,560, at 3.62%. Due to the lockdown in the first quarter of 2021, further rent reductions are expected.
For the second quarter of 2021, the fund management company says it is considering a capital increase of around 60 million. The fresh money is to be invested in existing projects and new acquisitions.
