Espace Real Estate: Revaluations drive profit
The company increased its rental income by almost four percent to CHF 40.6 million in the 2025 financial year and maintained the vacancy rate at 2.8 %. The transactions of the year also include a major sale.
Espace Real Estate increased rental income by 3.9 % to CHF 40.6 million in the 2025 financial year. According to the company, this was driven by completed and first-time let residential projects, among other things: In Biel, the final stage in the «Visavie» quarter with 76 apartments was completed and fully let; the quarter now comprises 190 apartments and generates around CHF 4.2 million in rental income annually. In Grenchen, 41 apartments were added to the «Hasenmatt» development (annual rental income of around CHF 0.9 million). In Zuchwil, 32 completely renovated apartments were also handed over, completing the «Volaare» development with 187 apartments.
Espace's vacancy rate remained stable overall: the vacancy rate for investment properties was 2.8 % (+ 0.16 percentage points). In the residential segment, it fell to 1.3 % (- 0.22 percentage points), while it rose to 4.5 % (+ 0.67 percentage points) for commercial space.
Operating profit for the period (excluding gains on disposal and revaluations) increased by % 4.5 to CH 20.8 million. Reported profit for the period, on the other hand, rose significantly by CHF 31.3 % to CHF 29.0 million. The main reason for this is the revaluation gain of CHF 9.8 million compared to CHF 1.6 million in the previous year.
Stronger focus on housing
Strategically, Espace is continuing its shift towards residential properties. In 2025, a new residential construction project in Bellach with planning permission was acquired; construction started in September. The plan is for 80 apartments to be completed by the end of 2027, with an expected annual rental income of around CHF 1.5 million. The company also has a broad pipeline: More than 300 apartments are under construction or at an advanced stage of development. The Board of Directors is proposing a dividend of CHF 6.50 per share (+ 4.0 %).
Purchases
- Bellach, Grederstr. (courtyard garden)
- Subingen, Bahnhofstr.
Sales
- Grenchen, Niklaus-Wengistrasse 38-40
The company also notarized the sale of a large industrial and commercial site in Subingen during the financial year. However, ownership of the approximately 61,000 sqm site was not transferred until January 2026, meaning that the sale is not yet fully reflected in the annual financial statements.
