SE Swiss Estates increases result
According to its unaudited half-year report as of June 30, 2015, SE Swiss Estates AG achieved an operating result of CHF 1.49 million, compared to CHF 556,000 in the same period of the previous year. In contrast, the half-year profit before taxes decreased from CHF 523,000 to CHF 372,000, while the half-year profit remained stable at CHF 367,000.
Net real estate income reached 2.88 million euros (first half of 2014: 2.58 million CHF). The property portfolio at fair value stands at CHF 160 million as of June 30, 2015 (1st half-year CHF 124.5 million).
In the reporting period, the newly acquired properties in the canton of Berne were integrated and the newly acquired properties in Prilly were completed, according to SE Swiss Estates AG. As the properties in Prilly were not ready for occupancy until the second half of the year, no rental income was generated from this investment in the first half of the year. The budgeted rental income for these properties is CHF 80,000 per half year. (ah)
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