SPA Real Estate Switzerland: Portfolio grows to CHF 3.3 billion in 1st half-year
Swiss Prime Investment Foundation (SPA) reports an investment return of 2.49% for the SPA Immobilien Schweiz investment group and a vacancy rate that has fallen to 2.66%.
The SPA Immobilien Schweiz investment group closed H1 2022 with a cumulative investment return of 2.49% (H1 2021: 3.28%). Acquisitions and project investments increased the fair value of the real estate portfolio year-on-year from CHF 2.8 billion to CHF 3.3 billion, Swiss Prime Investment Foundation said yesterday. The vacancy rate declined from 3.34 in the previous year to now 2.66%. It is the lowest level since the establishment of the investment foundation.
A net appreciation of CHF 19.66 million was noticeable in the overall portfolio, mainly due to investments and completed construction projects.
Operational: Rentals in Zuchwil, purchases in Menziken, Geneva and Lausanne
The 150 residential units in Zuchwil (Riverside) were let before the end of construction. In May, marketing also began in Thônex (Canton Geneva). In the 2nd quarter, a project in Menziken with 36 apartments and retail space on the first floor, a property in Geneva/Champel and three houses with 146 apartments in Lausanne were purchased. The portfolio properties have a combined target rental income of CHF 5.1 million.
The investment group leads, as already announced, will conduct another issue from August 29 to September 23, 2022. (aw)
