DAI Investment Group acquires in the canton of Sankt Gallen

The Swiss commercial real estate investment group (Dagsis) of the DAI Investment Foundation has increased its capital by CHF 20.5 million. It used the fresh funds to acquire two properties. Following the capital increase, total assets amount to CHF 276.5 million. The debt ratio is now 5.78% and the average remaining lease term is 15 years. "The current market environment offers interesting investment opportunities because the competitive situation is currently very manageable and investors with a strong equity base therefore have a competitive advantage," says Katharina Reimann, who is responsible for transaction management.

Gross yield of 5.8%

The two acquisitions are operationally necessary properties in Lütisburg and Henau (SG) at a total investment cost of around CHF 15 million. The properties will be integrated into the investment group with retroactive effect on income as of July 1. Both properties are reportedly let to SME companies on long-term leases. The gross yield achieved with the rental income is stated at around 5.8%.

The larger of the two properties is located at Letziwiesstrasse 6-8 in Lütisburg and has around 5,600 square meters of usable space, including 58% commercial/industrial, 13% office and 24% warehouse. Kalt Maschinenbau is renting the entire property for a term of 15 years. The second commercial property at Looäcker 4 in Henau with around 1,200 square meters of usable space (26% commercial/industrial, 66% office, 4% warehouse, 5% parking and special use) is a new building from 2019 with expansion potential. Staedler Automation AG is also the main tenant here with a 15-year lease. According to DAI, the purchase of another property in central Switzerland is planned for the third quarter of 2023. (aw)