Realstone Swiss Property: Earnings increase significantly
In its ninth financial year (as at March 31, 2017), the Realstone Swiss Property Fund increased its income by around 17 percent and achieved a result of 47.55 million.
The total assets of the fund, which comprises 57 properties in 14 cantons, amount to CHF 985 million, which corresponds to an increase of 2.3 percent within one year.
According to Realstone, the added value was mainly generated by the delivery of 138 apartments in the Sommerrain project in Ostermundigen (BE) and Bruggerstrasse 7 in Wildegg (AG). The financial year was primarily characterized by investments in value-enhancing renovations to the real estate portfolio; a total of 14.6 million was spent. Realstone sees the fact that this policy, which was introduced in 2014, is bearing fruit confirmed by a 15.8% increase in rental income (+6.1 million). The overall letting of the property portfolio increased by 0.92 percent.
The Realstone Swiss Property Fund invests in well-developed city centers with proximity to infrastructure and a good employment situation. According to the fund company, 43% of the real estate portfolio are properties with value creation potential. The return on investment was 4.43% at the end of 2016-2017.
