Ina Invest presents first half-year report
Implenia spin-off Ina Invest has now published its half-year results following its IPO in June 2020.
According to Ina Invest, the company broke even before one-time transaction costs from the IPO, also due to first positive changes in value in the amount of CHF 541,000.
According to the company, the current focus is on the Tender and Elefant projects on the Lokstadt site in Winterthur: With Tender, the company is building a ten-story high-rise with a total of 82 condominiums, 39 of which are part of the Ina Invest portfolio, as well as a commercial unit. Pre-marketing started in mid-July and, according to Ina Invest, about 40% of the condominiums have now been reserved. Marketing will officially start on September 1, 2020, and the Elefant building complex will include space for offices and services. Groundbreaking is scheduled for October 2020; the building is already fully leased to SWICA.
The development share in the real estate portfolio currently amounts to 100%, the company adds. The portfolio is regionally well diversified, is located in attractive central locations in Switzerland and has a mix of uses with a residential share of 50%. This results in a "considerable potential for value appreciation," writes Ina Invest in the release. (ah)
