Highlights |
UBS
«Foncipars»1 closes its capital increase
successfully | |
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The
capital increase carried out from 29 April to 7 May 2021 for
UBS «Foncipars» was fully placed providing the fund
with new resources of around CHF 133 million. The activities
of the last few months in very good locations in the regions
of Vaud and Geneva underline the continues development of the
portfolio.
UBS
«Foncipars» invests predominantly in residential
properties, exclusively in western Switzerland concentrating
on the cities of Geneva and Lausanne and their agglomeration.
The portfolio volume amounts to around CHF 1.6 billion with
currently 131 properties. In addition to the acquisition of
existing properties and new construction projects, the
portfolio enjoys further growth from renovating and extending
already owned properties, thus strengthening the profitability
of the fund. | |
News bullet |
UBS
«Anfos»1: Further consolidation
acquisition in Münsingen | |
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In
February 2021, UBS «Anfos» purchased an apartment
building with 16 apartments at Löwenmattweg 33/35 in Münsingen
in the Canton of Bern. The fund already owns two properties in
the immediate vicinity: the property at Löwenmattweg 39, 41
was acquired in the third quarter of 2020, similarly as part
of a consolidation purchase. This once again significantly
increases the potential for additional development by
combining the
plots. | |
Final sprint for the construction of the Claraturm building in
Basel | |
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The
shell of the Claraturm building reached its full height of 29
upper floors on schedule in April; around 160 of the 225
apartments in the tower were already reserved or let by the
end of April – a very positive and powerful signal. The
construction work for the annex building was already completed
by the end of 2020 and the 60 apartments it contains were
handed over to the new tenants at the end of February 2021,
despite the ongoing construction work on the tower. With the
subsequent approval obtained in 2020 for a new-build pool on
the roof of the annex building, UBS «Sima» has
succeeded in making another special feature available to the
future users. The entire property will be Minergie certified
with a view to making a sustainable contribution to the carbon
footprint within the
portfolio. | |
Rents in the Swiss rental housing market remain robust
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In
the first quarter of 2021, the dynamics of demand in the
rental housing market declined due to a 14% decrease in net
migration (compared to the same quarter of the previous year).
The total number of building applications submitted for new
residential buildings also decreased by 10% year-on-year. As a
result, construction activity is expected to continue to
exceed its absorption potential in the coming quarters, which
should keep the level of supply rents under pressure. However,
due to above-average location and property qualities, we
expect the rental level in institutional real estate
portfolios to remain robust. According to data from Wüest
Partner and MSCI, average supply rents in the Swiss rental
housing market corrected by -2.4% in 2020, while the level of
rents in the institutional portfolio developed with a sideways
trend (-0.04%). | |
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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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