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Immo-Flash, Issue 3, 2019
Swiss
edition |
Real Estate Switzerland | Issue 3, April
2019 | |
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Immo-Flash |
UBS Asset Management's Real
Estate Newsletter
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Highlights |
UBS
Sima1, UBS Foncipars1
and UBS Swissreal1 announce results of
their 2018 financial
statements | |
All three real estate investment products recorded
another set of solid annual results for their financial
year 2018. Distributions will remain at last year’s
level. The ex-date for the distributions is 9 April 2019
and the value date is 11 April 2019.
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The results for financial year 2018 once again confirm
the strong positioning that UBS Sima enjoys in
the Swiss real estate market. Thanks to a positive
performance from the portfolio of existing properties
and the successful renovation and new build projects,
net asset value per share increased by 2.7%. This makes
for an attractive return of 6.6%. The market value of
the portfolio is over CHF 9.3 billion. The distribution
remains at CHF 3.25 per share. On the basis of the stock
market price of CHF 106.70, the distribution yield as at
the end of financial year 2018 is an attractive 3.0%.
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UBS Sima |
31.12.2017 |
31.12.2018 |
Net asset value (CHF) |
89.52 |
91.97 |
Gross income distribution (CHF
per Share) |
3.25 |
3.25 | |
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UBS
Foncipars expanded its portfolio in financial year
2018 in line with its strategy and increased the value
of its real estate portfolio by 5.8% to CHF 1.43
billion. The 2018 distribution and the 6.8% rise in net
asset value per share mean an attractive return of
10.4%. Significant rental income growth of 6.5% brought
a further increase in profitability. The distribution
remains at last year’s level, with a payout ratio of
96.7%. This gratifying annual result confirms UBS
Foncipars in its leading position as a residential
real estate fund in western Switzerland.
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UBS Foncipars |
31.12.2017 |
31.12.2018 |
Net asset value (CHF) |
77.00 |
82.23 |
Gross income distribution (CHF
per share) |
2.50 |
2.50 | |
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UBS
Swissreal likewise continued its positive
performance in 2018. As at the end of the year, the
market value of its broadly diversified and very
high-yield commercial portfolio rose by 3.8% to around
CHF 1.97 billion. Rental income, at CHF 98.4 million,
was 2.5% higher than in the previous year, while the
vacancy rate remained low for a commercial real estate
portfolio at 4.2%. This results in a solid return on
investment of 4.8%. The distribution remains at last
year’s level. With this gratifying annual result, UBS
Swissreal continues to enjoy a position as one of
the leading Swiss commercial real estate funds.
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UBS Swissreal |
31.12.2017 |
31.12.2018 |
Net asset value (CHF) |
62.20 |
62.40 |
Gross income distribution (CHF
per share) |
2.65 |
2.65 | |
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News bullet |
UBS
Sima wins an IAZI award once
again | |
At the 14th IAZI Real Estate Investment Lunch on 21
March 2019, the IAZI Real Estate Awards were presented
for the fifth time. And for 2018 – for the fifth time in
succession – UBS Sima won another IAZI award,
this year in the category “Best Latin Switzerland
Portfolio”. According to Martin Strub, Fund Manager for
UBS Sima, “This award is the result of the unique
position that UBS Sima occupies in the Swiss real
estate market and gives great recognition to the whole
team.” The best real estate portfolio
management is evaluated on the basis of eight criteria
from the IAZI Swiss Property Benchmark®. A number of
metrics are used as objective selection criteria, such
as performance, vacancy rates and property costs.
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Further
acquisitions for UBS
Europe1 | |
Following the purchase of two properties in Norway,
UBS Europe acquired two further assets for its
portfolio. The first property, a flexible logistics
center in Tilburg in the Netherlands (around EUR 20
million) is located in one of the biggest logistics hubs
in the middle of the “Eurodelta” metropolis. A long-term
tenant has been found in the shape of a subsidiary of a
listed company, which will move into the logistics
center in summer 2019. The rental contract runs for ten
years. At the beginning of March, the
fund acquired a retail property dating from the 15th
century at a prime location in Florence. The retail
units are being rented by well-known international
providers of luxury goods and also benefit from heavy
international tourist footfall in this historic European
center. Over the medium term the property offers lasting
potential for increased rental income. This property
will likewise be occupied in summer 2019.
Thus, in its first financial year since launching UBS
Europe has already acquired four attractive properties
with a total value of around EUR 100 million.
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RE-CH
with new web presence | |
Over recent months we have made our website still more
user-friendly and optimized it for access via a
smartphone or tablet. This means that you have access to
information about our real estate investment products at
any time, wherever you are. Here you can also find out
more about our We live real estate philosophy and
about the subject of sustainability at Real Estate
Switzerland. You can try out our Property Finder as well, a tool
showing all Real Estate Switzerland properties on a map
of Switzerland, which can be separated out according to
the fund that holds them. Clicking on a property you
like displays further information and a photograph.
Visit our newly designed website at www.ubs.com/realestate-switzerland
and share your feedback with us!
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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 Europe = UBS (CH) Property
Fund
Europe | | |
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