Investis: Major investment completed
The previously announced purchase of a portfolio worth CHF 201 million has been completed. Investis is also acquiring two residential properties.
The five property purchases for which Investis announced the signing at the end of June have now been completed, according to a press release. The total purchase price amounts to CHF 201 million, with target rental income of CHF 12.5 million. Investis has also signed purchase agreements for two further residential properties with a purchase price of CHF 15.8 million. According to the information provided, the target rental income here is CHF 0.7 million. One of the two purchases has already been completed. The other is expected to be completed in the coming weeks.
The LTV after these acquisitions remains below the previous year's ratio, which was 26% as at December 31, 2023, according to the press release. "As part of this optimization and following the sale of our service business, we are further consolidating our real estate portfolio with a strong equity base," says Investis CEO Stéphane Bonvin.
Investis announced the pending portfolio purchase together with the sale of the service business to a Finnish company (IB reported). The enterprise value of the service subsidiary amounted to CHF 240 million. (aw)
