SPA Real Estate Switzerland grows in H1
The value of the investment group's portfolio increased by around CHF 300 million in the first half of the financial year.
Swiss Prime Investment Foundation reports a cumulative investment return of 2.41% for its "SPA Real Estate Switzerland" investment group in the first half of the year. The comparable figure for the same period of the previous year was 1.79%. Acquisitions and projects increased the market value of the real estate portfolio from CHF 4.0 billion to CHF 4.3 billion. The investment group acquired a portfolio of properties in Wangen bei Olten, Lyss and Egnach. There was also a consolidation in Zurich-Seebach (Landhusweg 2/6/8). This will optimize the ongoing Schaffhauserstrasse development project, writes the SPA.
An issue of CHF 150 million completed in June was increased to CHF 250 million due to high demand (IB reported).
The acquired portfolio consists of the properties at Langackerstrasse 29, 31, 32, 34 in Wangen b. Olten, Luxburgstrasse 11/Wilenstrasse 3 in Egnach and Bernstrasse 27, 29, 29a, 29b in Lyss. According to the annual report, the market value amounts to a total of CHF 24.8 million. According to IB research, the properties were previously part of the Assetimmo investment foundation's portfolio. (aw)
