
Portfolio shifts weigh on earnings, but sales offset the impact
Intershop’s 2026 half-year financial results are mixed. Lower rental income and significantly smaller revaluation gains are weighing on reported profits, while sales and acquisitions are reshaping the portfolio and dampening the annual outlook for net property

Projects in Lausanne are driving the forecast upward
Higher rental income, a successful sale in Lausanne, and progress on two development projects are giving Epic Suisse more leeway. The real estate group is raising its forecast for 2026, even though the reported vacancy rate has risen significantly due to new space coming

Apartment Sales Drive Basel to Another Jump in Profits
Just under 85 million Swiss francs in net income over six months, 60.8 million Swiss francs from residential sales, and a nearly sold-out project in Cham. The Basel-based real estate group’s half-year financial report shows just how strongly development gains are currently driving earnings, while


Healthcare property shares are proving almost impossible to sell
Just under half of the over-allotment option was exercised following the healthcare property specialist’s stock market debut. Whilst this increases the free float to 28.8 per cent and the placement volume to 238.3 million Swiss francs, it does little to alter the dominant position of the anchor

Residential construction drives up fund profits
Higher rental income, lower vacancy rates and 80 million Swiss francs of fresh capital. The Immo Helvetic property fund posted an operational improvement in the first half of 2026, despite no new acquisitions being made during the reporting period. The boost stems from ongoing residential

Lex Koller Pits Housing Policy Against the Capital Market
On April 15, 2026, the Federal Council launched a public consultation on tightening the Lex Koller. The draft proposal addresses primary residences owned by third-country nationals, vacation homes, commercial properties, and publicly traded residential real estate companies, thereby sparking debate

Residential buildings are driving the market, while older properties are coming under pressure
In 2026, Swiss residential real estate will remain the preferred source of stability for many institutional portfolios. At the same time, ESG requirements, renovation costs, and location quality are having a greater impact on valuations than in the past, particularly for older office and

Winterthur Opposes the 2040 Land-Use Plan
A planning tool that sets out more than 100 policy objectives. A referendum committee that speaks of a “political straitjacket.” On November 29, 2026, Winterthur will decide at the polls how much leeway the city’s development should retain over the next 15 years. The referendum against the

Habeck Strengthens Urban Partners in Germany
Robert Habeck will join Urban Partners effective August 1, 2026. For the Danish urban development investor, this is more than just a personnel change: The company is expanding its presence in Germany and forging closer links between affordable housing, brownfield development, and institutional

Hospital property firms are making a push into the capital market
Infracore is not using its IPO primarily to raise its profile, but rather to fund acquisitions. The property owner, which specialises in hospital and healthcare properties, aims to raise around 200 million Swiss francs gross on the SIX and use the proceeds to finance a pipeline of nine potential

A sale sharpens the focus on Zurich’s prime locations
With the sale of Richtipark in Wallisellen for 150 million Swiss francs, PSP Swiss Property is visibly reallocating capital. Part of the proceeds will go toward debt reduction, and part has already been invested in a Zurich property on Schützengasse. At the same time, the group has secured Google

Pay off the mortgage or invest?
Starting in 2029, the imputed rental value will be eliminated in Switzerland. What sounds like a tax break fundamentally changes the rules of the game for mortgage strategies. Those who pay down their mortgage now will save on interest. Those who invest can get significantly more out of it. The

SREF Makes Its Debut in Bern – SVIT Strengthens Institutional Portfolio and Asset Management
The Swiss Real Estate Forum (SREF) took place for the first time in Bern on June 11 and 12, 2026. By moving to BERNEXPO, the industry event brought itself closer to federal politics and set an example for dialogue between the real estate industry, politics, academia, and

When immigration causes wealth to explode
Switzerland has become a nine-million society at full throttle. Anyone who bought a home in the right place during this time is now sitting on a wealth effect of historic proportions. Property prices and land values have multiplied in many centers, while wages have only increased

Bubble fears, stable cash flows
The Swiss real estate market appears overheated to many observers, but the picture in the capital market engine room is more nuanced. The yield spread between core real estate and risk-free investments remains comfortable. Institutional investors continue to push capital into prime locations. This

Property company boosts profits despite higher costs
The Zurich-based property company Züblin is satisfied with its performance in the 2025/26 financial year. Despite higher property-related expenses, Züblin increased its operating profit by 4.6 per cent to CHF 9.2 million. Profit fell slightly to CHF 7.5 million, whilst EPRA profit rose to CHF 5

Pension fund assets are increasingly being channelled into residential property and sustainability
Pensimo Management AG’s four real estate investment funds distributed a total of just over 328 million Swiss francs to Swiss pension funds in 2025. Assets under management rose to 15.7 billion Swiss francs, whilst Pensimo continued to reduce CO2 emissions across its

Property fund raises capital to expand its commercial portfolio
The Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) has successfully completed its first capital increase since its initial public offering in December 2025. The fund raised approximately 74 million Swiss francs. The funds are to be specifically allocated to the further expansion


The Federal Council plans to tighten the rules on property purchases by foreign buyers
The Federal Council plans to impose stricter restrictions on the purchase of land by foreign nationals and has launched a consultation process on the matter. Among other things, it intends to make the purchase of residential property by third-country nationals subject to authorisation and to make

Investment foundation raises fresh capital for residential property
Vertina Investment Foundation will carry out its eighth capital raising in the second quarter of 2026, with a target volume of between 60 and 80 million Swiss francs. The funds are to be used for the acquisition of additional properties and to finance ongoing and planned



Pension funds focus on sustainable living
Vertina Investment Foundation has successfully completed a capital increase. Its Vertina Wohnen investment group exceeded its target volume of CHF 50 million, raising CHF 74.3 million. The proceeds from the issue will be used to finance and realise two residential projects in

Sustainable commercial real estate in the focus of institutional investors
Swiss Life Asset Managers plans to launch a listed Swiss real estate fund focusing on commercial properties. The fund, which is based on an integrated ESG strategy, holds real estate in direct ownership and offers investors high income