Ina Invest makes a profit of 12 million
Ina Invest achieved an operating result of CHF 14.4 million and a net profit of CHF 12 million in its first full financial year.
Implenia spin-off Ina Invest has closed its first full financial year 2021 with significant growth. Operating profit (Ebit) came in at CHF 14.4 million, up from CHF 5.3 million in the short fiscal year 2020 (April to December). Net profit climbed from 3.9 million to 12 million in the same period. The value of the development portfolio increased by 19% to 435 million.
According to the real estate company, the development of the properties is on schedule. The Lokstadt halls in Winterthur are practically fully let, and the mix of uses includes a Radisson Red hotel, a casino and a kindergarten. The design plan and the winning project for Rocket, the world's tallest wooden residential building, are also available. It is also being built in Winterthur's Lokstadt, as are the Tender and Elefant buildings, for which topping-out ceremonies have been held. The realization of the Baselink development in Allschwil is also progressing, according to Ina Invest. In the Tender residential building, almost all condominiums have now been sold. The Elefant building complex and Baselink are investment properties that were already fully let before the foundation stone was laid. The expected rental income amounts to 5.6 million per year.
Ina Invest describes this as a "game changer". the acquisition of the Ceres Group and the associated purchase of the Bredella development site in Pratteln. The acquisition, with a current market value of around 300 million and annual gross rental income of over 8.6 million, is very significant for the company and offers great potential, the real estate company said. As the closing took place in January 2022, the valuation of the Bredella site has not been included in the 2021 annual results.
The management of the real estate company continues to assess the prospects of Ina Invest on the market as "promising". The accelerated structural change will be reflected in new forms of work and living, and the company wants to provide the appropriate living space. (ah)
