ZIF: Real estate fund increases rental income slightly
The real estate fund ZIF Immobilien Direkt Schweiz closed the first half of the year with higher income and an above-average performance.
Zurich Invest Ltd has presented the semi-annual report for the «ZIF Real Estate Direct Switzerland» real estate fund. During the period, rental income increased from CHF 25.4 million to CHF 25.9 million. The rental loss rate fell from 3.0 % to 2.6 %. Primarily due to the item «Purchase of current net income from the issue of units», income increased from CHF 25.5 million to CHF 27.3 million and net income from CHF 12.3 million to CHF 13.1 million.
The fund management invested the proceeds of the November capital increase amounting to CHF 105 million primarily in current major projects. There is also talk of the possibility of using the funds to make acquisitions.
Along with the half-year figures, the fund announced several project updates. For example, the renovation and extension of the residential property on Liebenauweg in Lucerne has been completed and all 22 new apartments have been let. The «Baarerstrasse» construction project in Zug was completed at the beginning of 2026. The first letting of the large-scale «Glatt-/Grosswiesenstrasse» project in Zurich is scheduled for the first quarter of 2027.
Above-average performance
The fund performance at the end of the half-year (reporting date: December 31) was 13.40 % and thus significantly above the half-year performance of the benchmark SXI Real Estate Funds Broad SWIIT, which reported 7.21 %. (aw)
