Highlights |
UBS
«Foncipars»1 is planning a capital
increase for April/May 2021 | |
UBS
Fund Management (Switzerland) AG plans to carry out a capital
increase with subscription rights amounting to roughly CHF 132
million for UBS «Foncipars» (sec. no.: 1442085) at the
end of April/beginning of May 2021. The proceeds from the
capital increase will primarily be used to acquire properties,
finance refurbishments and construction projects, and to repay
debt. The detailed terms and conditions of the planned capital
increase will be published at the beginning of April 2021. The
fund management company reserves the right to postpone this
capital increase depending on market
developments. | |
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UBS
«Foncipars» invests predominantly in residential
properties, exclusively in western Switzerland concentrating
on the cities of Geneva and Lausanne and their agglomeration.
On 30. June 2020, the half-yearly reporting date, the UBS
«Foncipars» portfolio counted 128 properties and a
portfolio volume of around CHF 1.5 billion. In past months,
the fund has completed a number of attractive acquisitions and
planned various renovation
projects. | |
News bullet |
UBS
«Swissreal»1 acquisition in Dietikon
| |
In
the fourth quarter of 2020, UBS «Swissreal» acquired a
centrally located business property in Dietikon (ZH) into its
portfolio. The transaction took place on 18. December 2020.
Intended for commercial purposes, the property comprises three
plots, on which two separate commercial properties are
situated which count roughly 16,000 m2 of rentable
space. Both properties are fully leased on a long-term basis
to two highly creditworthy tenants, thereby providing the fund
with stable cash flow projections over the coming years.
Moreover, the excellent macro- and micro-location, alongside
the dynamic growth of Dietikon, will enable development
potential in the
future. | |
Swiss real estate market in 2021: Underpinning strengths
likely to prevail | |
Despite
exceptional circumstances, 2020 proved to be a very robust
year for the Swiss real estate market. The rather dynamic year
of property transactions and the total volume of completed
capital market transactions reached, according to Safra
Sarasin, a record level of approximately CHF 5 billion. The
course of the global COVID-19 pandemic remains unclear for
now. That in mind, underpinning factors are likely to prevail
over the uncertainties in the Swiss real estate market. The
macroeconomic prospects currently argue in favor of a
continuation of the low interest rates policy, likely to
support real estate values across all sectors. Alongside which
the initiation of the vaccination campaign points to a gradual
easing of lockdown measures over the medium term, which should
in future benefit the occupier market for commercial
properties. In consideration of this, investors are likely to
remain focused on real estate investments in the new year, as
can be observed from the average premium in the Swiss real
estate market of over 40% at the end of
2020. | |
BIM – the future of construction
| |
BIM
(Building Information Modeling) is a process based on 3D
modeling, providing construction planners and the executing
companies with information for efficient planning and
construction of buildings and infrastructure. This digital
twin of the actual building allows detailed building
information to be modeled prior to construction.
BIM
has been implemented for the construction of the «Claraturm»
in Basel, with the main objective to reduce the frequency of
errors in the planning process. Thanks to BIM, highly
efficient, calculated planning can be initially created, in
particular in regards to building services coordination. The
building process can thereby be optimized and potential
coordination errors can be analyzed and eliminated.
While
BIM is not a solution to every problem, it does nonetheless
assist those involved in the construction including the
investor and helps avoid errors that can be resolved early on
and thus minimize unwanted expenses. In future, the digital
twin will also be able to assist with operational
administration. We are currently working on this with our
partner administrations to generate high operational added
value, particularly with high-rise
buildings. | |
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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
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