Ina Invest acquires portfolio properties in Geneva and Lancy
Implenia spin-off Ina Invest has acquired two fully let properties in prime locations in Geneva and Lancy. According to the company, the two properties have great development potential.
According to Ina Invest, the contracts for the acquisition of the two very well located properties were signed on 1 October 2020. One of the properties is located at 7-11 Rue du Valais in Geneva. Currently, the property is used exclusively for office space, but Ina Invest intends to convert the building to mixed use with residential, adding more floors in the process. Within walking distance of the Geneva-Cornavin train station, urban small apartments with storage space for electric bicycles are planned. According to Ina Invest, the decision to forego car parking underlines its strategy of investing in hybrid properties in inner-city locations and positioning them sustainably.
The second building, a property at Chemin des Olliquettes 10 in Lancy, is currently occupied by a single tenant and should allow for multi-tenant use in a few years through a slight conversion. According to Ina Invest, both properties generate rental income of over CHF 2 million per year.
"This is our first successful acquisition, thanks to which we already exceed our investment target for 2020 in the first half of the year after the IPO and expand our portfolio with two high-potential portfolio properties," says CEO Marc Pointet. According to the business plan, further acquisitions of CHF 50 million are planned for the coming year. (ah)
