Immovision1 yields 13.4 percent
The real estate company ImmoVision1 AG reports a return on equity of 13.4% for the financial year 2021. This is the best result in the company's history, Markstein Advisory reports.
Lower apartment vacancy rates, gains in the value of completed residential developments and the profit from the sale of a residential development contributed to the good annual result, Markstein Advisory said. Markstein is responsible for the operational and financial management of Immovision1 AG. In the last financial year, the company acquired new construction projects in Niederglatt (ZH) and Herzogenbuchsee (BE) with a total of 50 residential units.
Immovision1's portfolio comprises 400 apartments spread across 19 residential developments in German-speaking Switzerland. The majority of the properties are of a young technical age, according to Markstein Advisory. The investment volume amounts to CHF 200 million at the end of June, and the rental volume is CHF 8.2 million per year. The average share performance since inception in 2005 is 7%, according to Markstein Advisory. (ah)
