Consultancy
Consultancy
We advise our clients comprehensively, evaluate opportunities and risks, and develop customized, sustainable strategies for direct and indirect real estate investments.
Always with a long-term focus, continuity, and risk awareness.
Analysis
Analysis
For over 30 years, we have been analysing the Swiss real estate market and its investment products.
In addition to quantitative aspects, qualitative factors such as management principles, cost discipline and the creation of long-term added value play a significant role.
Strategy
Strategy
We assess your real estate portfolio, evaluate and create holistic and sustainable strategies and support you through the implementation process.
We facilitate strategic partnerships and generate synergies for additional development and value enhancement potential.
Networking
Networking
Thanks to many years of experience and the network we have built up as a result, synergies and connections are created between property owners, investors, asset managers and service providers.
With this approach, we built bridges between direct and indirect property investments, private and institutional investors as well as between French- and German-speaking Switzerland for our clients.
Mandates
Mandates
We develop a suitable real estate strategy for you on a mandate basis.
The continuous personal dialogue ensures the ability to respond to changing preferences or market situations at any time. This can also take the form of participation in bodies such as investment committees, boards of directors or trustees.
Sustainability
Sustainability
Our proprietary sustainability model allows us to evaluate all listed and non-listed Swiss real estate products (stocks, funds, investment foundations) and provide institutional investors with sustainability reporting.
With the Swiss Sustainable Real Estate Index (SSREI), a standard for assessing the sustainability of the Swiss building stock was launched as well.
Market Commentary June 2024
Investis pursues a real estate strategy with a unique business model that focuses on residential properties in French-speaking Switzerland...
Market Commentary June 2024
Investis pursues a real estate strategy with a unique business model that focuses on residential properties in French-speaking Switzerland. Alongside the sale of its Real Estate Services segment, the company has already invested over 200 million in new buildings, significantly enhancing its focus on direct real estate assets. As a result, the expected NAV by mid-year is set to increase by more than 20%, likely exceeding CHF 95. Warteck Invest's capital increase was successful, providing management with sufficient funds to realize projects and create value for investors. The listing of Helvetia's real estate fund, product launches, and various capital increases in the fund market bring the necessary liquidity for investors returning to the real estate market following the recent SNB rate cut. The interest rate reduction is also welcomed by managers who have adhered to short-term financing. The improving sentiment for listed real estate investments since November continues, resulting in a half-year performance of +3.95% for the SREAL index.
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Market Commentary May 2024
The indirect real estate market is in a transitional phase: various corporate actions in the coming weeks are leading to investor caution, resulting in increased volatility...
Market Commentary May 2024
The indirect real estate market is in a transitional phase: various corporate actions in the coming weeks are leading to investor caution, resulting in increased volatility. Meanwhile, the resilient and fundamentally strong Swiss market, along with positive interest rate developments, are fostering confidence as investor trust gradually returns. However, important questions remain: Is the sustainable transformation of the building stock being given enough weight in asset management? Can managers truly deliver on their promises? Politically, the focus is currently on the issue of housing shortages. Increased immigration numbers have prompted the SVP to launch the initiative "No 10-Million-Switzerland," which demands that the permanent resident population does not exceed ten million before 2050. The views of politicians and the construction and real estate industries on possible solutions to the housing shortage diverge. Additionally, during the summer session, both the National Council and the Council of States will address questions regarding transparency in the real estate market, rental yields, and ecological measures. The Swiss Real Estate Association (VIS) recommends that the councils reject almost all motions, stating that they are simply not effective (more details at www.vis-ais.ch). It should be noted, however, that not everything is decided at the federal level: initiatives concerning housing protection, pre-emptive rights, and environmental protection are handled and decided at the cantonal or municipal level. Nevertheless, the Federal Council plays a significant role, whether through the UVEK department led by Federal Councillor Rösti, which also includes the Federal Roads Office (ASTRA), or the WBF department led by Federal Councillor Parmelin, which tries to bring the industry and politics together. Various developments in cantonal tenancy law (keyword tenant protection) are not really new. This situation has been a reality in the cantons of Geneva and Vaud for over 50 years. This fact has not hindered the success of indirect real estate investment products focused on Western Switzerland.
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Market Commentary April 2024
The real estate funds were unable to sustain the strong growth seen over the past 5 months. Profit-taking has set in, which could have various reasons...
Market Commentary April 2024
The real estate funds were unable to sustain the strong growth seen over the past 5 months. Profit-taking has set in, which could have various reasons. Of particular concern are the high premiums on residential real estate funds, sometimes exceeding 40%. In contrast, real estate stocks with similar portfolios are still trading at a discount. The announced capital increases have led to an overload and cooling off of the real estate funds. The lack of conviction among some managers to justify additional engagement is leading to a loss of trust. Opinions on the potential of the planned merger between Novavest and SenioResidenz differ: while the boards of directors are enthusiastic, Novavest's share price has fallen since the announcement. Are the anticipated benefits for investors simply not tangible enough? The uneven distribution of benefits in the exchange ratio was unfortunately not adequately considered. Additionally, both portfolios carry different risks. Shareholders will have the opportunity to decide on the proposal at the extraordinary general meeting. While real estate funds are structured like preferred shares and therefore do not have voting rights, shareholders can and should defend their interests. The restructuring of Ina Invest's structure has been approved. Shifting a larger block of shares brought in a new major shareholder, which was welcomed by the market. Procimmo is restructuring by terminating the contract with their fund management, which will now be handled internally. The merger of the fund managements of UBS and CS is now just a formality; further considerations will likely be presented by UBS by the end of the year. As inflation in Europe continues to decline and an interest rate cut by the ECB becomes more likely, it is now certain that a rate cut by the Fed will be further delayed. The extent to which this will influence the upcoming decisions of the SNB remains to be seen. We can envision a scenario in which the SNB promptly makes the next downward interest rate move, prompting larger investors to adjust their allocation towards real estate investments at the expense of bonds.
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Our team for your goals.
Expertise, passion, and anticipation lay the foundation for us to fully focus on your needs
Roland Vögele
CEO
+41 43 499 24 90
Sacha Deutsch
Senior Advisor
+41 43 499 24 91
Ulrich Kaluscha
Senior Advisor
+41 43 499 24 96
Raphael Schuler
Client Relations Manager
+41 43 499 24 92
Remo Burri
Senior Office Manager
+41 43 499 24 94
Leonie Eberhardt
Event/Marketing Manager
+41 43 499 24 93
Debora Zgraggen
Event/Marketing Manager
+41 43 499 24 89
Elodie Gadola
Event/Marketing Manager
+41 43 499 24 93
Elvira Bieri
Chief Sustainability Officer
CEO SSREI AG
+41 43 499 24 99
