Swisscanto AST Real Estate Switzerland yields 5%
The Swisscanto AST Real Estate Switzerland investment group achieved an investment return of 5.04% in the 2018/2019 financial year. Income and total assets also increased.
Swisscanto reports an annual performance of the largest unit class GT of 4.99% for the investment group - in the previous year it was 5.64%. Total income rose from 310.6 to 332.2 million. Around two-thirds of this came from the income side and one-third from changes in value, according to Swisscanto.The investment return of 5.04% (GT class) was slightly above the level of the previous year (4.94%).
The investment group's total assets grew from 7.26 to 7.88 billion in the past fiscal year. During the reporting period, six existing properties in central locations in the cities of Zurich, Geneva and Lausanne were acquired with a total market value of 386 million.Five commercial properties with above-average vacancy rates and no rental potential were sold for a total of 125 million. (ah)
