Swiss Post wants to become a real estate investor
According to a report in the "Handelszeitung", Swiss Post is planning massive investments in its real estate. These are to be turned into yield properties and leased to third parties.
How the Handelszeitung writes, Swiss Post plans to invest CHF 1.8 billion in its own properties over the next few years. Across Switzerland, around 50 properties are to be converted into residential and office space and leased to third parties. Major construction projects are planned at Weyermannshaus West in Bern and at Basel train station, the report said. Other major developments are also taking place in Fribourg, Geneva, Zurich-Oerlikon and Frauenfeld, according to the report.
"We are developing projects ranging from CHF 5 million to CHF 200 million," Stefan Dürig, managing director of Swiss Post's real estate division, told the Handelszeitung. According to the newspaper report, the federal enterprise expects to increase annual rental income from third parties to more than CHF 100 million.
The new real estate strategy is tantamount to a U-turn, because in the past Swiss Post sold real estate that was not being used. In the future, the federal company wants to remain the owner of its real estate in a central location.
