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Immo-Flash, Issue 4, 2019
Swiss
edition |
Real Estate Switzerland | Issue 4, June
2019 | |
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Immo-Flash |
UBS Asset Management's Real
Estate Newsletter
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Highlights |
UBS
Europe1 invests in Spain
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UBS
Europe further diversified its portfolio
geographically with the purchase of a property worth
around 19 million EUR in Megapark, one of Madrid’s most
sought-after retail locations. The property offers
retail space of approx. 4,400 m2 and occupies
a prime location within the shopping park. It has been
fully let to top-name tenants for more than nine years.
The shopping park is frequented by more than 22 million
visitors every year and is one of the top three retail
parks in Spain. The handover took place at the end of
April 2019. In the first financial year
since its launch, UBS Europe has thus already
acquired five attractive properties for a total value of
more than 100 million EUR. In addition, the fund is
exclusively examining the acquisition of further office
properties in Germany, Belgium, Italy and Spain.
Depending on the market and other capital commitments,
the fund management intends to probably do a second
closing by September 2019 at the latest.
UBS Europe invests exclusively in real
estate in Europe ex Switzerland with the advantages of
Swiss packaging. The fund is accessible only to
qualified investors only.
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News bullet |
Zwicky
Zentrum: an urban district comes to
life | |
On the site of the former silk twining mill in
Wallisellen in the canton of Zurich, UBS
Anfos1 has completed two
courtyard-style building complexes and a long six-story
building with a restaurant and ground-floor retail
space. The Zwicky Zentrum is the ideal place to live and
work, offering a total of 186 residential units combined
with attractive shops, offices and restaurants. The
commercial space covers some 2,500 m², with around 1,600
m² allocated to businesses and retailers, 300 m² to
gastronomy and another 650 m² to storage space. The
underground car park offers 127 parking spaces.
The handover to the tenants in February and
March 2019 has breathed new life into the site of the
former silk twining mill. Interest in the apartments is
considerable. Within one month of the first tenants
moving in, all but one of the apartments had been let.
There is also huge demand for the commercial space.
www.zwicky-zentrum.ch
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Foundation
stone laid for the “Sihlfeld-Zürich” residential
property of UBS Direct Urban1
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In the popular residential area of “Kreis 3” in
Zurich-Wiedikon, two new multi-family dwellings are
being built comprising a total of 61 units and an
underground garage with 34 parking places. In November
2018, demolition work began on the old property, and at
the beginning of June this year the foundation stone for
the new superstructure was laid. According to current
planning, the first residents should be able to begin
moving into their new apartments starting in the autumn
of 2020. The property is pre-certified with the “SGNI
Gold” Standard sustainability label. With a value of
around CHF 57 million, it is the fund’s second largest
investment and thus a significant contributor to the
fund’s sustainable earning power.
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New
tenant for property on Centralbahnstrasse in Basel
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UBS
AST-KIS1 has found a new tenant for the
retail space on the ground floor at Centralbahnstrasse
9, which is located in a prime pedestrian area directly
opposite the planned second entrance to the SBB railway
station. A long-term rental agreement was concluded with
McDonalds Switzerland, thereby gaining a new business
partner for Real Estate Switzerland. McDonalds has been
operating in Switzerland since 1976 and is one of the
country’s most frequented restaurants with an average of
290,000 customers per day. The property will be
partially rebuilt and renovated over the next few
months. McDonalds plans to open its new restaurant in
the fourth quarter of 2019.
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The
latest issue of Immo-Update is now
available | |
In the latest issue of our Immo-Update magazine,
you will find further information on all the news items
published here in Immo-Flash. Naturally,
Immo-Update also presents an outlook on the Swiss
real estate market written by our research specialist
Brice Hoffer and key facts about our business and our
philosophy ”We live real estate”.
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Staying
on course: resilience strategy in the advanced real
estate cycle | |
After several years of positive development, there are
increasing signs of a slowdown in the Swiss real estate
market. Value appreciation is gradually decelerating and
rental income is expected to become the central source
of performance in the near future. In this challenging
environment, we recommend that core real estate
investors take a resilience strategy with three focal
points: robust portfolio structure, operational
efficiency and dynamic real estate management
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REPM,
serving as a leader in sustainable real estate solutions
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Responsible ownership and operation is integral to how
Real Estate & Private Markets (REPM) actively
manages real estate investments. For over 75 years, REPM
has been providing clients with integrated solutions in
traditional real estate investments. A short video shows
how the business has integrated sustainability across
its real estate investments with the aim to generate
strong performance over the long term.
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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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