Acquisitions in French-speaking Switzerland drive 75-million round
Genf und Lausanne stehen im Zentrum einer geplanten Kapitalerhöhung von 75 Millionen Franken. Das Geld soll zwei Geschäftsliegenschaften in Westschweizer Toplagen sichern und den Gewerbeanteil eines fast 900 Millionen Franken schweren Portfolios weiter nach oben ziehen.
The subscription period runs from 28 September to 2 October 2026. Subscriptions may be made for new units and units becoming available. The aim is for the ‘ZAST Immobilien Geschäft Schweiz’ investment group to raise fresh equity capital for two acquisitions that have already been identified, both of which are located in the city centres of Geneva and Lausanne.
As at the end of 2025, the investment group’s assets totalled 897 million Swiss francs. The investment return stood at 4.74 per cent, exceeding the KGAST benchmark, which is reported at 4.33 per cent for the investment group. The announced acquisition is therefore not merely a matter of portfolio maintenance, but the next step in expanding an already established commercial property portfolio.
Greater emphasis on commercial space
According to Zurich Invest, the two properties are intended to increase the proportion of commercially used space and strengthen regional diversification in French-speaking Switzerland. For institutional investors, this is primarily a question of yield. Highly let commercial properties in central locations promise stable cash flows, provided that tenancy agreements, property quality and micro-location remain favourable.
Portfolio restructuring continues
In parallel, the investment group is working on existing properties. On Zürichstrasse in Dübendorf, around two-thirds of the space has already been re-let following the property’s transition from a single-tenant to a multi-tenant concept. According to Zurich Invest, final lease negotiations are underway with a prospective tenant for the entire property at the ‘Pyramide am See’ in Zurich. On the project front, completion of the refurbished spaces is scheduled for the first quarter of 2027.
For the Swiss market for indirect property investments, the message is clear. Capital continues to flow specifically into urban business locations where lettability, location quality and cash flow are compelling. The fact that the planned funding round of 75 million Swiss francs is comparatively focused also demonstrates how selectively such expansions are now being structured.