Immofonds increases net income by 10%
According to the half-year figures, rental income has increased significantly. Lower financing costs and higher net income are expected for the year as a whole.

In the first half of its financial year, the real estate fund increased its rental income quite significantly by 7.6% to CHF 45.5 million. Completions, reference interest rate adjustments and acquisitions each contributed equally to the increase. Net income and total income each rose by 10% to CHF 26.1 million.
As at the reporting date, the portfolio comprised 136 properties with a market value of CHF 2.4 billion. This corresponds to an increase in value of a good CHF 80 million, half of which is attributable to investments in the portfolio and half to the acquisition in Basel. (IB reported) are attributable.
Three completions in H1
Three projects - an extension in Aarau and renovation work in St. Gallen and Rapperswil-Jona - were completed in the first half of the year. In Winterthur, work has begun on converting one floor of the property on Tössfeldstrasse. The six small apartments are scheduled to be occupied by April 2025. In the large-scale Wankdorfcity 3 project in Bern, the first service building is expected to be occupied in May. Construction of the main project is scheduled to begin in February 2025.
Higher net income expected
The performance for the first half of 2024/2025 amounted to 13.4%. For 2024/2025 as a whole, the fund management expects a further increase in rental income, falling financing costs and higher net income. (aw)