Züblin Immobilien increases profit
The half-year result is characterized by a falling vacancy rate and a significantly better valuation result.
In the first half of 2024/25, Züblin Immobilien reduced the vacancy rate from 9.3 to 6.6% and increased rental income by 2.5% to CHF 4.6 million. At CHF 4.1 million, operating income from rentals was slightly below the previous year's figure of CHF 4.3 million. According to the annual report, this was due to the precautionary write-off of an outstanding rent receivable.
The portfolio value rose by 0.3% to CHF 225.9 million. The average weighted discount rate remained unchanged at 4.35%. "The increase in market value reflects the quality of the portfolio and the rental successes achieved," commented the management. The conclusion of a ten-year rental agreement for the 1,800 sqm second floor of the Morgenstrasse 136 property in Bern is mentioned at this point. LEM Surgical AG is based there. The letting reduced the vacancy rate in the property from 47.5 to 27.9%.
Profit up significantly due to valuation
The profit for the half-year amounted to CHF 2.4 million (previous year: CHF 0.5 million). This was helped by the fact that the revaluation result improved from CHF -2.2 million in the previous year to CHF 0.5 million.
Philippe Brändle took up his post as the new CEO of Züblin in mid-September. He came from SPS and takes the place of Roland Friederich (IB reported). (aw)
