SPA with investment return of 3.32%
Swiss Prime Investment Foundation (SPA) reports an investment return of 3.32% for the 2018 financial year. The portfolio is to be expanded significantly in the near future.
According to the Swiss Prime Investment Foundation (SPA), exclusivity has been agreed in the final contract negotiations for several transactions in recent days. In total, 14 properties in German-speaking Switzerland with a market value of around CHF 320 million are involved.
Six of the properties are located in the city of Zurich - one residential, four mixed properties and one commercial property - and five properties are located in the canton of Zurich. These are reportedly two residential properties, one mixed property and two commercial properties. In addition, one commercial property in the canton of Glarus and one mixed-use property each in the cantons of Thurgau and St.Gallen are to be purchased. SPA puts the gross yield of the properties at around 3.9%.
As of December 2018, the SPA had a real estate portfolio of 52 portfolio properties and development projects with a total market value of 1.63 billion. The investment return increased from 3.23% to 3.32% during the fiscal year.
Since the beginning of 2019, eleven transactions have already been closed for 237.7 million and target tenant carries of over 10.3 million.
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