Mobimo records marketing successes
Mobimo increased its rental income in the first half of 2022 and reduced the vacancy rate. In the case of new projects by the real estate company, the majority of the apartments being built have already been taken. The company is positive about the future.
According to astatement by Mobimo Holding AG , the Lucerne-based real estate company booked rental income of CHF 60.0 million in the first half of 2022. In a year-on-year comparison, this corresponds to growth of 7.4 percent. Mobimo attributes the increase to the acquisition of new properties. In addition, the company was able to reduce its vacancy rate by 0.2 percentage points to 4.6 percent compared to the end of 2021.
At CHF 3.8 million, income from developments and the sale of properties was well below the previous year's figure of CHF 54.4 million. Here, the sale of a major project shaped the result, explains Mobimo. The operating result therefore fell year-on-year from CHF 115.4 million to CHF 81.4 million. At CHF 63.5 million, corporate profit was CHF 20.2 million lower than in the first half of 2021.
Mobimo was able to post a revaluation gain of CHF 29.0 million for its own investment properties under construction. The company writes that the demand for home ownership remains high. In Meggen LU, Mobimo sold 30 newly built apartments in the reporting period. Of a further 38 apartments under construction in Horgen ZH, 29 apartments have already been reserved, according to the announcement.
Mobimo sees itself well positioned for the future. The company is currently developing six projects with a total volume of CHF 370 million, writes Mobimo. In addition, twelve condominium projects are planned with a total volume of CHF 640 million.