Bonainvest presents 2018 annual report
The real estate company Bonainvest Holding reports a profit of CHF 4.14 million for the Gsschäftsjahr 2018. Rental income increased by almost 15% to 7.77 million.
According to Bonainvest, the value of the real estate portfolio grew by about 25% to 221.8 million CHF in the past financial year. The annual result of 4.14 million was below the previous year's figure of 6.76 million.
Currently, seven projects with over 450 apartments are under development and construction. Investments in the company's own real estate projects associated with portfolio expansion have reportedly taken up over 50% of the company's equity. Total assets in fiscal 2018 were around 398 million, while equity currently stands at 242 million.
The subsidiary Bonacasa AG, which specializes in smart living, contracted a further 957 residential units (+14.5%) from third parties in the reporting year. This means that 7,549 apartments are now under contract. (ah)
