The transaction has not yet been finalised. Admicasa had announced the takeover on 27 July 2026 as planned and indicated that it would be completed by the fourth quarter of 2026 at the latest. The move is linked to a capital increase. According to the company, Lebensraum Schweiz, based in Dübendorf, manages projects worth around 350 million Swiss francs, primarily in the greater Zurich area.
With this acquisition, Admicasa is primarily expanding its construction business as well as its property development and implementation activities. The long-standing collaboration is thus giving rise to joint projects under one roof. Both sites in Zurich and Dübendorf are set to remain in operation.
Greater clout in the Zurich project market
For the property sector, the new scale of operations is particularly significant. According to Admicasa, the combined order volume in development and construction is set to rise to around 450 million Swiss francs. This means the group is suddenly emerging as a significantly larger player in the development and construction sector in the greater Zurich area.
The next step lies in the fund sector
At the same time, Admicasa is driving forward the expansion of its assets under management. On 1 July 2026, the company signed an agreement with RAM Swiss Holding regarding a 50 per cent stake in Admicasa Fondsleitung AG, subject to regulatory approval. RAM Swiss is part of the Record Financial Group, which, according to Admicasa, manages US$115 billion globally on behalf of institutional clients.
For the market, the combination of a development platform and fund management is the real driver. It can link new projects to capital more quickly, provided the takeover is completed as announced and the fund partnership is approved. Admicasa published an information memorandum on 29 September 2026 regarding the listing of new shares as part of the takeover.
