Dear
Reader,
An
extraordinary year is coming to a close. A year marked by the
Covid-19 pandemic, a year like none of us have ever
experienced before.
Like
many others, our employees had to shift work to home from one
day to the next; most team members haven’t seen each other for
almost ten months now, having had to cancel one event after
another, meetings unable to take place physically throughout
the year, and much more. But there is also a lot of good news
to report; such as UBS «Sima»1 successfully
completing its planned issuance of around CHF 203 million this
spring despite the very uncertain market conditions and placed
all new units on the market. In the fall, UBS Direct
Urban1 followed with a CHF 86 million issuance,
which was accomplished with equal success. Contrary to
expectations, the transaction market was also exceedingly
eventful leading to over 20 acquisitions in 2020 with a volume
of well over CHF 300 million (as of mid-December) – a
tremendous success!
Once
again this year, all our eight real estate investment products
participated in the GRESB Real Estate Assessment and impressed
with top sustainability ratings yet again. All real estate
investment products were awarded 4 and 5 stars in the rating
of existing properties, and even 5 stars each in the
construction projects rating. In addition, UBS Direct
Urban took first place in the Switzerland Diversified
category for the second year running!
Finally,
at the beginning of December we announced that Real Estate
Switzerland will be assuming the management of the Residentia
real estate fund into its portfolio as of February 1, 2021.
The Residentia fund which is listed has an investment focus in
the Ticino region.
I
would like to take this opportunity to thank you for the trust
you have placed in us again in 2020.
The
entire team at Real Estate Switzerland wishes you and your
loved ones peaceful holidays and a successful and above all
healthy new year.
Dr.
Daniel Brüllmann
Head
of Real Estate
DACH |