Ina Invest reports net profit of 17 million
The real estate company Ina Invest has exceeded its financial targets in the first half of 2022: EBIT is at CHF 12 million and net profit has jumped from CHF 2.9 million to CHF 17 million.
Ina Invest reports EBIT for the first half of 2022 that is almost four times higher than in the same period last year: it reached CHF 12 million, compared to CHF 2.1 million in the first half of 2021. Net profit increased from CHF 2.9 million to now CHF 17 million - taking into account construction inflation. In a statement, the real estate company cites successes from rental income, positive changes in value and a relevant one-off effect in the financial result as reasons for the jump in profits.
Portfolio value doubles
Following the purchase of the Bredella site in Pratteln and a property on Rue du Grand-Pré in Geneva, the portfolio reaches CHF 820 million (previous year: CHF 385 million). Both projects are focused on flexible-use real estate in locations that will be completely transformed over the next 20 years, Ina Invest says. Both acquisitions will benefit from rental income during the development period.
In the meantime, the development of the lighthouse projects is continuing, according to the real estate company: "Rocket" in Winterthur's Lokstadt is the world's tallest wooden residential building in planning. In addition, the jury for the second stage of the "Unterfeld" area in Baar has been completed, and the building application has been submitted for the "Schaffhauserstrasse" project between Oerlikon and the University of Irchel in Zurich.
In the second half of the year, the company will stick to its business plan and focus on the entrepreneurial integration of the newly created portfolio and the further development of the project pipeline, Ina Invest announced. Overall, the management is positive about the future: The demand for hybrid real estate in good locations remains robust, the statement says. (ah)
