Swiss Prime Site confirms annual targets
At its Investor Day, Swiss Prime Site not only provided figures, but also illustrative material on resource-efficient construction.
Swiss Prime Site confirmed its annual targets at its Investor Day in Zurich. FFO (excluding sales) will remain stable in the financial year and the vacancy rate will fall to below 4.1%, said CEO René Zahnd. As announced, the gearing ratio should fall below 40%, while the assets under management of the Solutions subsidiary will increase to over CHF 8.2 billion by the end of the year.
The SPS CEO sees growth opportunities in the business with smaller pension funds, among others, for which contributions in kind could represent a way out of the increasingly complex regulatory and ESG requirements. Last but not least, the merger of UBS and Credit Suisse also offers options for SPS. With its huge asset volume, the new big bank may not be able to offer all clients the optimal environment, Zahnd said.
The "Capital Market Day" took place in the Müllerstrasse 16-20 office building, which is currently being refurbished for the tenant Google. Work on the shell of the building, which is being built according to the principles of the circular economy, is nearing completion. Resource-conserving construction is the area within the ESG theme "that has the most potential", said Zahnd. In Müllerstrasse, over 90% of the concrete substance has been reused. Terrazzo floors and the aluminum façade were also extensively recycled. (aw)
