Highlights |
UBS
Direct Urban1 closes a fully subscribed capital
increase! | |
The
capital increase which took place between 22 and 30 October
2020 for UBS Direct Urban was fully placed, providing
the fund with new resources of around CHF 86 million. The
activity over the last few months at very good locations in
the regions of Basel, Locarno, St Gallen and Zurich
demonstrate the portfolio's constant expansion.
UBS
Direct Urban – investing in the urban future today.
The
fund invests directly in residential and commercial property
in robust urban locations throughout Switzerland and exhibits
a high-quality, diversified portfolio. Its focus is on
sustainable construction. With 19 properties at present, the
portfolio volume stands at around CHF 500 million.
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Successful financial statements at both investment groups
UBS AST-IS1 and UBS
AST-KIS1 | |
UBS
AST Real Estate Switzerland sees steady portfolio
growth
The
2019/2020 financial year showed the UBS AST-IS
portfolio delivering strong results in turbulent and
challenging market conditions and continuing to confirm its
positioning as a leading mixed investment vehicle for Swiss
pension funds. At 30 September 2020, the last day of its
financial year, UBS AST-IS posted a very solid
investment return of 4.7% and increased its portfolio volume
by 3.7% to CHF 2.37 billion. This was also on the back of an
acquisition of an additional property at Granges-Paccot in the
canton of Freiburg (50% each for UBS AST-IS and UBS
AST-KIS). Thus, as at 30 September 2020, the UBS
AST-IS portfolio comprised 132 properties. Despite rent
losses due to COVID-19, the rent default rate fell to
6.5%.
UBS
AST Commercial Real Estate Switzerland performed solidly
with 4.1%
As
from March, the 2019/2020 financial year became completely
dominated by the COVID-19 pandemic. Nonetheless, UBS
AST-KIS managed to identify the temporary major
uncertainties on time, taking appropriate action to address
them. Despite a persistently challenging market environment,
the portfolio enjoyed solid performance of 4.1% and saw its
volume increase by around 3.4% from CHF 688.1 million to CHF
711.4 million. In the past financial year, UBS AST-KIS
also managed to extend a broad range of expiring
leases. | |
News bullet |
Implenia has initiated the tenant improvements in Ambassador
House | |
Spring
2020 saw the signing of a lease with Implenia for
12,000m2 of office space in Ambassador House. In
October 2020, Implenia began working on its tenant
improvements. Implenia is likely to occupy its new head office
in summer 2021 with 85% of office space let out – a fantastic
achievement! Apart from Implenia, Ambassador House will
accommodate another major tenant, namely Sunrise Communication
AG, as well as various other large and small firms. In
addition to the ground-floor restaurant run by the SV Group,
tenants and external interested parties will have access to
the conference rooms rented and made available by ISS
Conferencing.
Ambassador
House provides a total of around 42,000m2 of
leasable office space with some 1,100 parking spaces in the
underground car park and roughly a further 11,500m2
of storage space for rent. Whether large or individual
offices, offices linked horizontally with internal staircases,
or vertically combined spaces – the possibilities are endless.
The property also received the Platinum certification in July
2018 from the LEED (Leadership in Energy and Environmental
Design) seal of approval for sustainable building.
Find
out more about Ambassador
House. | |
The first tenants have already moved into Zürich-Wiedikon
| |
In
early 2019, the go-ahead was given for the new
«Sihlfeld-Zürich» construction project at one of Zurich’s best
locations in Kreis 3, Zürich-Wiedikon. So it comes as no
surprise that all 61 apartments have already been rented out
before the first tenants had even moved in. The first tenants
moved into their new apartments at the beginning of November.
«Sihlfeld-Zürich» is yet another implemented example of the
high sustainability standards of Real Estate Switzerland. This
SGNI Gold project has already been pre-certified. Final
certification will take place once construction work is
complete. In addition to a photovoltaic system and brine-water
heat pump, the new construction project also features the
«e-James» tenant service app, which allows for direct contact
with property management and access to operating manuals,
floor plans and information sheets. Additionally, there is
also an interactive letterbox from Paketbox, enabling tenants
to receive parcels in their
absence. | |
Did
you know?
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you interested in current acquisitions or building
projects in the pipeline and you’d like to be kept
informed? We are active on LinkedIn, regularly
communicating exciting news and facts about our
day-to-day business.
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Complete renovation of «La Tourelle» in Geneva for UBS
«Foncipars»1 | |
The
419 flats on Chemin Duboule Moïse, Chemin Colladon and Chemin
du Champs-d’Anier belong to an urban planning ensemble with
four distinctive blocks built between 1968 and 1971 and since
owned by UBS «Foncipars». With work starting in summer
2021, the listed properties are scheduled to undergo a full
classic renovation (bathrooms, kitchens and foyer) with an
emphasis on renovating the technical installations and
optimising the buildings’ energy footprint. This will be
achieved by means of additional thermal insulation of the flat
roofs, further improvements to the building core, heat
recovery from the buildings’ redirected exhaust air and
large-scale photovoltaic systems. With comprehensive
renovation work due for completion at the end of 2023, the
buildings should be certified with the “MINERGIE Renovation”
label and with a coveted SNBS Gold label. Investment will
total around CHF 50
million. | |
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1
UBS «Anfos» = UBS (CH) Property Fund - Swiss Residential
«Anfos», UBS «Foncipars» = UBS (CH) Property Fund - Léman
Residential «Foncipars», UBS «Sima» = UBS (CH) Property Fund -
Swiss Mixed «Sima», UBS «Swissreal» = UBS (CH) Property Fund -
Swiss Commercial «Swissreal», UBS Direct Residential = UBS
(CH) Property Fund – Direct Residential, UBS Direct Urban =
UBS (CH) Property Fund – Direct Urban, UBS AST-IS = UBS AST
Real Estate Switzerland, UBS AST-KIS = UBS AST Commercial Real
Estate Switzerland, UBS (CH) Property Fund – Europe = UBS PF
Europe
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