Immo-Flash

As per 1 January 2021, UBS Direct Urban has been able to acquire a fully leased commercial property in the city centre of Basel. The investment volume amounts to around CHF 25 million. The property, which was built at the beginning of the 70s and has been maintained on a continuous basis, is characterized by its well-developed and well-frequented location. The seven-story building allows access on two sides and was designed for office and retail use. A restaurant is located on the ground floor and mezzanine that has been operating there for 15 years and is well established in the City of Basel. The space on the upper floors, comprising around 2,000 m², is solely occupied by the main tenant who is active in the education sector.

Taking effect retrospectively on 1 January 2021, UBS Direct Residential acquired a portfolio of two properties with rental income potential in the City of Basel. Among other aspects, the fully leased portfolio, which has an investment volume of about CHF 17 million, is notable for its great location quality. One of the properties with 19 apartments in Sperrstrasse lies right next door to the Messe Basel trade fair and exhibition center. The other property is located in Belchenstrasse in the very popular Gotthelf residential district, within walking distance to Schützenmatt Park. In addition to 18 apartments, the building also accommodates commercial space on the ground floor and storage space in the basement.

UBS «Swissreal» holds a mixed-use property with various offices, practices and shops as well as 13 apartments on the Avenue Villamont in the center of Lausanne. The building was constructed in 1958 and due to its age it no longer meets the modern-day environmental standards, with an immediate renovation necessary. In spring 2021, the facades, including the balconies, were renovated, the oil heating system was replaced with an air heating pump and a photovoltaic system was installed on the roof. Likewise, the building systems have largely been renovated and both elevator systems refurbished. The building is now also handicap accessible and has been modified to meet current safety standards. The renovations have resulted in a reduction of the property’s energy consumption of around 60%.

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