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 August 2024
The summer holidays are over, and the strong Swiss franc is prompting the Swiss National Bank (SNB) to maintain its current course...
Market Commentary August 2024
The summer holidays are over, and the strong Swiss franc is prompting the Swiss National Bank (SNB) to maintain its current course. Further rate cuts in September, and possibly again in December, are anticipated. There are even voices suggesting a negative interest rate scenario by the end of 2025. Real estate managers, who have been unable to conduct capital increases over the past two and a half years, are gradually returning and attempting to acquire new capital. For a fund with a premium of 30 to 50%, raising capital is relatively easy. However, the question arises whether these funds can be efficiently allocated. The local real estate market appears to be dried up, as reported by the industry. It is evident that not all investors have the opportunity to acquire high-quality properties. This makes it all the more important to recognize the added value of properties and to maximize their potential in terms of both performance and sustainability year after year. Creating added value through active management is essential since investors are paying management fees, not just administrative fees. Dynamic strategies and greater foresight are needed. The topic of sustainability is often misunderstood. Investors should not expect sustainability to immediately lead to better performance. Instead, sustainability should be viewed as a fundamental requirement for securing the long-term, risk-adjusted performance of a portfolio. Regardless of where the focus lies, it is crucial to ensure transparency and comparability. In the past two years, managers have been preoccupied with financing issues and potential redemptions, rather than proactively creating added value. As a result, the market has recently been dominated by opportunistic investors such as family offices. A bit more activism on the part of real estate investment vehicles would therefore be desirable.
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Market Commentary July 2024
With the ongoing developments in interest rates and the generally favorable climate in global markets, the real estate market remained positive in July...
Market Commentary July 2024
With the ongoing developments in interest rates and the generally favorable climate in global markets, the real estate market remained positive in July. The appreciation of the Swiss franc, amidst increasing political tensions in European industrialized countries like France, has many market participants hoping for another rate cut by the Swiss National Bank (SNB) this coming September. The economic situation is very fragile, and corporate results are leading to increased market volatility in the short term. In the first six months of the year, numerous issuances with various goals were conducted. This trend is likely to continue in the coming months, even though investor requirements have increased and investments are becoming more targeted. An example of this is the large capital increase of Swiss Life's real estate fund, which according to official statements was 100% placed. Given the large number of sellers at the issue price, it is very likely that the insurer itself has subscribed to many shares. If this is the case, it could slow down the product's development in the medium term. Due to the already very high prices of residential real estate funds, which show a premium of over 40%, various analysts are seeking alternatives. As a result, portfolios like that of Plazza are now considered more interesting due to their potential and fair valuation. The market remains dynamic, even in Europe. Recently, it was announced that BNP Paribas intends to acquire AXA IM. Some half-year results of real estate stocks will be published in August, where a confirmation of the previous positive reports is expected. In the long term, the real estate market will continue to benefit from the increasing demand for safe and stable investments. The shortage of housing in metropolitan areas ensures constant demand for real estate. Volatility in global markets will remain high. Investors should closely monitor these developments to make informed decisions.
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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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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
