Patrimonium Investment Foundation increases investment assets slightly
Patrimonium AST's largest investment group grew by CHF 10 million in 2023 without acquisitions, but recorded a slightly negative investment return.
The Patrimonium Investment Foundation increased its investment assets to over CHF 1.3 billion in the 2023 financial year, primarily through organic growth. In the Swiss residential real estate investment group, investment assets without acquisitions increased moderately by CHF 10 million to CHF 888 million. The debt ratio was reduced to 15% during the course of the financial year with two capital calls, while the return on investment fell to -0.07% due to a lower valuation of the portfolio, which was primarily attributable to a lower valuation of the portfolio. Following an appreciation of CHF 17.8 million in the previous year, an unrealized capital loss of CHF 16.5 million was recorded. This led to a slightly negative overall result of CHF -0.44 million. Net income, on the other hand, increased from CHF 15.7 million to CHF 16.1 million. The increase is due to higher rental income.
In December 2023, the focus on residential use was strengthened with the sale of the purely commercially used property in Meyrin Chemin Grenet 18. In April 2024, a centrally located residential property in Lausanne Chemin de la Prairie 50 was acquired with part of the proceeds from the sale. For 2024, the investment group is aiming for "selective acquisition-driven growth" and the project pipeline is to be further developed.
Swiss healthcare real estate investment group grows by 34 million
The fixed assets of the Healthcare Real Estate Switzerland investment group increased by CHF 34 million to CHF 422 million in the financial year. At the beginning of 2023, a plot of land with a new construction project was acquired from Steiner AG in Bülach. A mixed-use site with around 580 apartments, 62 retirement apartments, a care center with 40 rooms, restaurants, stores and commercial premises is being built right next to Bülach railroad station for CHF 22.3 million. The property will comprise 4,135 square meters of medical space on five floors.
The investment group's total income fell from CHF 13.1 million to CHF 4.5 million, with unrealized capital losses (CHF -7.1 million) also having a negative impact.
As Patrimonium also announced, the investment foundation received the green light from the Occupational Pension Supervisory Commission in August 2023 for the new Sustainable Infrastructure investment group, which is making its initial investment in solar systems, batteries and charging stations for private households in Germany. (aw)
