SPA Real Estate Switzerland: Slight increase in investment return in Q1
As reported by the Swiss Sprime Investment Foundation, the investment group's portfolio has grown by CHF 300 million. Meanwhile, the vacancy rate fell to 1.6%.
The "SPA Real Estate Switzerland" investment group closed the 1st quarter with a cumulative investment return of 0.88% (Q1 2023: 0.80%). The market value increased from CHF 3.69 billion to CHF 3.99 billion as a result of the completed transactions and project investments. The vacancy rate fell from 2.15 to an even lower 1.61% since Q1 2023.
With the Contribution in kind from the Datwyler Holding pension fund With five properties, this was the most important acquisition in the quarter. One highlight from portfolio management was the acceptance of the "Litterna" new-build project in Visp (VS). The 138 apartments with kindergarten are fully let, but the two small commercial spaces in the project are not yet let. Another important event in recent months was the start of the second phase on the Riverside site in Zuchwil. Among other things, flexible commercial units and loft apartments are being built there. The "Riverlab" project with space for restaurants and offices and two further residential buildings on the waterfront with a total of 51 rental and owner-occupied apartments are also being realized on the site.
As reportedan issue of the investment group is due in a few days. (aw)
