SPA: Real Estate Switzerland investment group significantly increases income

In the 2024 financial year, the "SPA Real Estate Switzerland" investment group increased the market value of its real estate portfolio by CHF 183 million to CHF 4.1 billion, exceeding the CHF 4 billion mark for the first time. Net income increased from CHF 87.8 million to CHF 99.6 million. The SPS Investment Foundation reports a return on investment of 4.27%, of which 3.44% is attributable to the cash flow yield. The vacancy rate fell to a record low of 1.75% over the course of the financial year. Total income more than tripled to CHF 123.4 million (previous year: CHF 40.0 million), due in particular to an improvement in the valuation result from CHF -44 million to CHF +23 million.

In total, the investment group concluded four transactions with a market value of around CHF 110 million. These included the transfer of a residential portfolio of the Dätwyler Holding AG pension fund. In the second half of the year, a property in Zurich Seebach, the "Cherpines" development project in Plan-les-Ouates and a residential development in Rapperswil-Jona were also purchased (IB+ reported). In contrast, nine properties with a total volume of around CHF 82 million were sold. These were a residential property in Strengelbach and a shopping center in Niederurnen in the first half of the year. In the second half of the year, four smaller residential properties as well as two properties in Ecublens and one property in Saxon, which were used on the basis of an operator concept, were sold. The portfolio is expected to grow to over CHF 4.6 billion over the next few years. (aw)