UBS Direct Residential with performance of 21.7%

The UBS Direct Residential real estate fund increased the value of its real estate portfolio from CHF 987.1 million to CHF 1.05 billion in the past financial year. One reason for this was renovation and new construction projects, according to the fund management company. In addition to a small rounding-off, the progress of construction and the revaluation effects of the two replacement new-build projects in Niederhasli and Zurich contributed to the increase in value.
contributed to the change by increasing the market value by a total of around CHF 42 million. One highlight of the year was the capital increase, which was carried out from October 24 to November 1, 2024. All shares were subscribed and an amount of CHF 70 million was raised for the further development of the portfolio.

Rental income increased by CHF 1.4 million to CHF 42.0 million. In addition to the additional income from the completed new residential buildings, the rent adjustments due to the change in the reference interest rate provided the fund with additional income. The two adjustments to the mortgage
The change in the reference interest rate of 25 basis points each in June and December 2023 from 1.25 to 1.75% had an impact for a full financial year for the first time. Net income increased from CHF 19.3 million to CHF 21.1 million. Total income rose much more strongly - from CHF 16.8 million to CHF 45.7 million - due to an impressive valuation gain of CHF 32.2 million (previous year: CHF -0.7 million). Including the distribution of CHF 0.42, the performance for the past reporting year amounted to 21.7%.

Purchases

• Balsthal, Löwengasse 1 (consolidation) (aw)