Swiss Prime Investment Foundation achieves high returns
With its Real Estate Switzerland investment group, the Swiss Prime Investment Foundation achieved a return of 3.28 percent in the first half of 2021. That is almost double that of the first half of 2020. The market value of the real estate portfolio increased by around 500 million francs to 2.8 billion francs.
The investment group SPA Real Estate Switzerland of the asset manager Swiss Prime Investment Foundation in Olten ( SPA ) closed the first half of 2021 with an investment return of 3.28 percent. In the same period of 2020, the return was 1.66 percent, according to a media release .
The market value of the real estate portfolio also increased significantly: from 2.31 billion francs in the first half of 2020 to over 2.8 billion francs in the first half of 2021. This is due to transactions and investments. SPA added four properties worth CHF 118 million to the investment group's portfolio, including a retirement center in Bern and five apartment buildings in Schüpfheim LU.
“The overall portfolio has shown a strong appreciation of CHF 33.8 million net due to the positive developments in new construction projects and marketing success,” the press release continues. The vacancy rate has also fallen from 4.17 to 3.34 percent.
The investment group SPA Living + Europe, which was launched in 2020, also closed the first six months of this year successfully with a 4.4 percent return after the first transaction. The profit results from the purchase of five retirement and care properties in Germany.