Swiss Edition
Real Estate Switzerland | November 2021
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Immo-Flash

UBS Asset Management's Real Estate Newsletter

Immo-Flash

Highlights

Annual financial statements: UBS «Anfos»1 significantly reduces rent default rate

UBS Anfos

UBS «Anfos» increased rental income by CHF 2.4 million to CHF 124.2 million in the 2020/2021 financial year. This was due in part to the large drop in the rental default rate, which fell by 1.4 percentage points year on year to 5.2%. Successful refurbishment projects, property acquisitions and upgrades to existing properties increased the market value of the portfolio by CHF 117 million to approx. CHF 2'925 million. UBS «Anfos» posted an attractive investment return of 6.6% and increased its net asset value per unit by 3.4% to CHF 61.91. The premium as of the end of the financial year was a high 50.9%, reflecting the strong demand for a well-diversified, long-standing residential real estate portfolio.

 

Based on the financial statements as of 30 September 2021, the fund management company has agreed the following distribution for UBS «Anfos».

  30.09.2020 30.09.2021
Net asset value per unit (in CHF) 59.89 61.91
Distribution per unit (in CHF)
1.80 1.80

The ex-date of the distribution is 23 November 2021 and the value date is 25 November 2021.

Media Release
Annual report (German)

News bullet

Residentia acquires a portfolio with two residential properties in Lugano and Caslano

Binningen

On 1 February 2021, Real Estate Switzerland took over the fund management of the real estate fund Residentia, whose investments are focused in the south of Switzerland. Mid-November, the fund team announced the successful acquisition of its first residential portfolio in Lugano and Caslano. The property in Lugano is small, with only five apartments, but all apartments on the upper floors enjoy views of the lake. The property in Caslano holds 30 apartments, and 38 indoor and 11 outdoor parking spaces. It was connected 2018 to the district heating with its energy being provided by wood pellets. The acquisition of these two properties – totalling an investment volume of close to CHF 10 million – will boost the earnings power of the property portfolio and underpin the fund’s strategic focus (increasing the share of residential use).

The first tenants have moved into the Claraturm in Basel!

Bücheli

Tenants will now be greeted by the prominent «Hallo Basel» lettering in the spacious entrance hall of the Claraturm. On 1 November 2021, the time had come to start handing over the apartments to the tenants. The 225 apartments, which are already almost all let, will be occupied gradually over the next six weeks. Back in February 2021, 60 apartments, including 35 Move apartments in the annex building, were released ready for move-in. The apartments impress with their spacious and open floor plans, high-quality materials and unique views at lofty heights. The living experience is enhanced by an innovative tenant app, parcel deposit boxes and a swimming pool on the roof of the 5-story annex, all available exclusively to the tenants. The top floor, which stands almost 100 metres high, will be accessible to the public. The "Skylounge" concept combines gastronomy and co-working in an attractive space, with a unique 360° view over the city and the surroundings. In spring 2021, two and a half years after construction started, the striking tower reached its full height and has become a prominent feature of the Basel skyline ever since.

Claraturm

Article: Impact of decarbonisation

Meisenweg

According to the Swiss Society of Engineers and Architects (SIA), it will take short of 100 years to upgrade Switzerland’s real estate stock. Meanwhile, our country must achieve net zero CO2 emissions by 2050. As two thirds of Swiss real estate is still heated using fossil fuels (BFS, 2017), it is already evident, that this rate will not be sufficient to achieve the zero emissions targets.

 

Interested? Read the full article by our sustainability manager Daniela Jorio, published in the supplement of the NZZ on 10 November 2021.

To the article

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

 

Sender: UBS AG, P.O. Box, CH-4001 Basel

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