Portfolio value of the HSC Fund slightly higher than in the previous year
The acquisitions from the previous year contributed to earnings for the whole year for the first time. This led to an 8.2% increase in rental income from CHF 38.8 million to CHF 42.0 million. The market value of the real estate portfolio increased by 0.8% to CHF 750 million at the end of the previous year. This increase in market value was mainly achieved through letting successes and dedicated asset management. Due to various acquisitions in the 2020 financial year and the associated one-off increases in value, last year’s investment return was 6.9%. Since there were no acquisitions in 2021, correspondingly fewer revaluations were achieved with slightly higher net returns, resulting in an investment return of 5.4% in 2021.
As of December 31, 2021, the fund comprised 35 properties with a total rentable area of over 300,000m2. Further information on the HSC Fund can be found in the factsheet as of December 31, 2021. The annual report will be published on March 15, 2022.