Swiss Prime Site AG is Switzerland’s lea­ding listed real estate com­pa­ny. Its port­fo­lio of high-qua­li­ty pro­per­ties is worth more than CHF 11 bil­li­on and con­sists of value-retai­ning pro­per­ties in prime loca­ti­ons, typi­cal­ly com­pri­sing office and retail space.

Our suc­cess sto­ry

Swiss Prime Site was foun­ded in 1999. By 2018, the Com­pa­ny had grown to beco­me the lar­gest stock exchan­ge-listed real estate firm in Switz­er­land, with a pro­per­ty port­fo­lio cur­r­ent­ly valued at CHF 11.2 bil­li­on.

By means of acqui­si­ti­ons, pro­per­ty deve­lop­ments and con­ver­si­ons as well as sharp focus on prime loca­ti­ons, Swiss Prime Site has con­ti­nuous­ly built up its port­fo­lio. The acqui­si­ti­on of Maag Hol­ding with the Maag site in Zurich-West in 2004 count among the most signi­fi­cant take­overs. Prime Tower and the sur­roun­ding annex buil­dings were sub­se­quent­ly deve­lo­ped at the site. The acqui­si­ti­on of the Jel­mo­li port­fo­lio of pro­per­ties in 2009 dou­bled the value of the Company’s real estate hol­dings.

Sin­ce that time, Swiss Prime Site has car­ri­ed out key stra­te­gic acqui­si­ti­ons with Win­ca­sa (2012) and Ter­tia­num (2013). In addi­ti­on, Swiss Prime Site has gene­ra­ted addi­tio­nal growth and crea­ted pre­mi­um pro­per­ties by means of signi­fi­cant in-house deve­lop­ments – such as Sky­Key Zurich (2014) and Espace Post Ber­ne (2015) – or con­ver­si­ons of for­mer office floor space (for examp­le, Motel One Basel and Zurich).

0.5 1999 0.8 2000 1.7 2001 2.0 2002 2.2 2003 3.3 2004 3.3 2005 3.5 2006 3.7 2007 3.8 2008 8.1 2009 8.0 2010 8.2 2011 8.6 2012 9.3 2013 9.8 2014 9.7 2015 10.1 2016 10.6 2017 11.2 2018
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
11 May 1999

Swiss Prime Site AG is foun­ded

Swiss Prime Site AG, Olten, is foun­ded by the pen­si­on funds of Credit Suis­se and Sie­mens Switz­er­land and the for­mer Win­ter­thur Life (now Axa).
2000
1 April 2001

Swiss Prime Site acqui­res Swiss­com Immo­bi­li­en

As part of a con­sor­ti­um, Swiss Prime Site purcha­ses 13 exclu­si­ve pro­per­ties from Swiss­com AG for a pri­ce of around CHF 700 mil­li­on. The pro­per­ties are an ide­al match for the company’s busi­ness stra­te­gy and increa­se the mar­ket value of Swiss Prime Site’s real estate port­fo­lio to more than CHF 1.5 bil­li­on.
01. Okto­ber 2001

Ope­ning of the City­port com­mer­ci­al buil­ding in Zurich Oer­li­kon

The City­port pro­ject on the for­mer ABB fac­to­ry site by Oer­li­kon Sta­ti­on is com­ple­ted: the ten­ants move into their new office spaces in the modern com­mer­ci­al buil­ding.
2002
14 novem­ber 2003

Offi­ci­al ope­ning of Mes­se­turm Basel

Mes­se­turm Basel opens its doors – Switzerland’s tal­lest high-rise buil­ding with 105 metres. The buil­ding houses a first-class hotel and restau­rant, bar with breath-taking pan­or­amic view, exclu­si­ve shops and rep­re­sen­ta­ti­ve offices of renow­ned com­pa­nies, in addi­ti­on to the Swiss Exhi­bi­ti­on Ser­vice Cent­re.
22 Decem­ber 2003

Swiss Prime Site acqui­res Frey group

Swiss Prime Site AG acqui­res Frey Group {form­er­ly Frey Mode and Klei­der Frey} with 25 pro­per­ties amoun­ting to a fair value of rough­ly CHF 170 mil­li­on. The lion’s sha­re of the port­fo­lio com­pri­ses real estate situa­ted in first-class, inner-city loca­ti­ons, ther­e­by excel­lent­ly con­forming to the suc­cess­ful “Prime Site” stra­te­gy.
2004
1 Janu­a­ry 2005

Swiss Prime Site acqui­res Maag Hol­ding AG

The Swiss Prime Site Gene­ral Assem­bly appro­ves the mer­ger of Swiss Prime Site AG and Maag Hol­ding AG. This is app­lied retroac­tively from 1 Janu­a­ry 2005. The acqui­si­ti­on increa­ses Swiss Prime Site’s port­fo­lio by 81 pro­per­ties with a total value of around CHF 1 bil­li­on (as at 17 Decem­ber 2004).
1. Okto­ber 2005

Last sta­ge of Opus Zug com­ple­ted

Opus, one of Swiss Prime Site’s most com­mer­ci­al­ly inte­re­sting pro­jects, is rea­dy for occup­an­cy. The eight buil­dings have a ser­vice area of around 36000 m², with 93% occup­an­cy. The ten­ants inclu­de inter­na­tio­nal­ly lea­ding com­pa­nies who value the clu­ste­ring con­cept in the cam­pus-like faci­li­ty.
2006
22 March 2007

Sihl­ci­ty – Switzerland’s first Urban Enter­tain­ment Cent­re is inau­gu­ra­ted

The offi­ci­al ope­ning of Sihl­ci­ty marks the com­ple­ti­on of Switzerland’s lar­gest buil­ding pro­ject. Fol­lo­wing a con­struc­tion peri­od of just four years, the new­ly-deve­lo­ped quar­ter in the south of Zurich sets new stan­dards when it comes to repur­po­sing indu­stri­al sites, urban deve­lop­ment and invest­ment in real estate pro­jects. One of Sihlcity’s out­stan­ding fea­tures is its ver­sa­ti­li­ty – the com­plex com­pri­ses around 80 shops on 41000 m² of sales space, 13 restau­rants, a mul­ti­plex cine­ma, a ran­ge of health and well­ness faci­li­ties, a 132-room hotel, 16 town houses and 24000 m² for ser­vices. Swiss Prime Site holds sha­res worth 24.2% (sold octo­ber 2018).
22 August 2008

The Post­Fi­nan­ce Are­na is inau­gu­ra­ted

Fol­lo­wing two years of con­struc­tion and remo­del­ling, a folk festi­val is held for the grand ope­ning of the Post­Fi­nan­ce Are­na on 22 August 2009. In 2007, Swiss Prime Site purcha­sed what was then the Bern Are­na, and con­ver­ted it into a modern ice hockey sta­di­um while at the same time erec­ting a new five-sto­ry office buil­ding; this lat­ter has been ren­ted out to the Swiss Post. Swiss Prime Site inve­sted around CHF 100 mil­li­on in the com­ple­te refur­bish­ment and exten­si­on of the Post­Fi­nan­ce Are­na.
29 Octo­ber 2009

Swiss Prime Site acqui­res Jel­mo­li Hol­ding AG

Thanks to the mer­ger with the Jel­mo­li group in 2009, Swiss Prime Site beco­mes Switzerland’s lea­ding pro­per­ty invest­ment com­pa­ny. The­re are around 130 Jel­mo­li pro­per­ties, with a value total­ling CHF 4.1 bil­li­on. They are most­ly situa­ted in popu­lar cen­tral loca­ti­ons in eco­no­mi­c­al­ly attrac­tive Zurich, Basel and Gene­va. By acqui­ring the Jel­mo­li store on Zurich’s Bahn­hofstras­se, Swiss Prime Site also beco­mes a depart­ment store owner. Jel­mo­li – The House of Brands mana­ges around half of the space its­elf, while the other half is ren­ted out to third-par­ty con­ces­si­ons.
2006
6 Decem­ber 2011

The Prime Tower in Zurich is inau­gu­ra­ted

Zurich’s Prime Tower, stan­ding 126 metres high, is offi­ci­al­ly ope­ned, with full occup­an­cy. The ope­ning of Switzerland’s tal­lest buil­ding marks an important high­light for the suc­cess­ful deve­lop­ment of both Swiss Prime Site and Zurich-West. The offi­ci­al grand ope­ning con­clu­des 15 years of deve­lop­ment on the Maag site and sym­bo­li­ses the suc­cess­ful trans­for­ma­ti­on of an indu­stri­al quar­ter into a vibrant urban quar­ter. Swiss Prime Site inve­sted CHF 380 mil­li­on in the Prime Tower, the Plat­form com­mer­ci­al buil­ding and the annex buil­dings Cubus and Dia­go­nal.
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25 Octo­ber 2012

Swiss Prime Site takes over Win­ca­sa

Swiss Prime Site AG purcha­ses real estate ser­vice pro­vi­der Win­ca­sa AG, Win­ter­thur. Win­ca­sa is one of the lea­ding com­pa­nies in this sec­tor, with over 670 employees and 171000 mana­ged pro­per­ties. This purcha­se gives Swiss Prime Site bet­ter direct access to the regio­nal real estate mar­kets, and thus a stron­ger star­ting posi­ti­on for pro­ject deve­lop­ment and future acqui­si­ti­ons.
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12 July 2013

Swiss Prime Site acqui­res Ter­tia­num group

Ter­tia­num AG, Zurich, is the lea­ding group in the assi­sted living sec­tor in Switz­er­land. With the acqui­si­ti­on of pro­per­ties valued at CHF 436 mil­li­on, Swiss Prime Site has sup­ple­men­ted its real estate port­fo­lio with an {assi­sted living} seg­ment fea­turing con­si­dera­ble ear­nings sta­bi­li­ty and above-average growth poten­ti­al.
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23 Octo­ber 2014

Ope­ning of the Sky­Key office buil­ding in Zurich-Oer­li­kon

Swiss Prime Site inve­sted CHF 255 mil­li­on in the land­mark buil­ding. It has con­clu­ded a long-term ren­tal agree­ment with ten­ant Zürich Ver­si­che­rungs-Gesell­schaft AG. The Sky­Key buil­ding has approx. 41000 m² of office space and is the first buil­ding in Switz­er­land to have been awar­ded the LEED v2009 New Con­struc­tion pla­ti­num cer­ti­fi­ca­ti­on.
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26 June 2015

Inau­gu­ra­ti­on of the Swiss Post head­quar­ters

Swiss Prime Site and the Swiss Post joint­ly hosted the grand ope­ning of the new Espace­Post head­quar­ters in Bern’s Wank­dorf quar­ter. This MINER­GIE-buil­ding is Switzerland’s first office buil­ding to be awar­ded a gold inter­na­tio­nal DGNB cer­ti­fi­ca­te – in Switz­er­land, the­se are awar­ded by the Swiss Sus­tainab­le Buil­ding Coun­cil (SGNI: Schwei­zer Gesell­schaft für Nach­hal­ti­ge Immo­bi­li­en­wirt­schaft).
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1 Octo­ber 2015

Acqui­si­ti­on of Senio­ca­re group

Swiss Prime Site acqui­res the SENIO­ca­re group, which ope­ra­tes a total of 29 faci­li­ties with 1128 ger­ia­tric care beds and 214 apart­ments, thus fur­ther streng­t­he­ning its busi­ness field of ger­ia­tric assi­sted living. The acqui­si­ti­on makes the Ter­tia­num Group into the hig­hest-reve­nue pri­va­te pro­vi­der in the seg­ment.
29 Febru­a­ry 2016

Akqui­si­ti­on BOAS Seni­or Care

Swiss Prime Site acqui­res the SENIO­ca­re group, which ope­ra­tes a total of 29 faci­li­ties with 1128 ger­ia­tric care beds and 214 apart­ments, thus fur­ther streng­t­he­ning its busi­ness field of ger­ia­tric assi­sted living. The acqui­si­ti­on makes the Ter­tia­num Group into the hig­hest-reve­nue pri­va­te pro­vi­der in the seg­ment.
19 Decem­ber 2016

Swiss Prime Site acqui­res «Gott­hard Buil­ding» in Lucer­ne

Swiss Prime Site is acqui­ring the for­mer Gott­hard Rail­way Com­pa­ny admi­ni­stra­ti­on buil­ding from Swiss Federal Rail­ways (SBB AG). The reve­r­ed «Gott­hard buil­ding» dating back to the year 1875 – which also housed the head­quar­ters of the Swiss Federal Rail­ways district II office for many years – is situa­ted in a very attrac­tive and pro­mi­nent loca­ti­on at Schwei­zer­hof­quai 6 in Lucer­ne. The pro­per­ty sparks natio­nal inte­rest and counts among the most pre­sti­gious struc­tures in the style of the new renais­sance in can­ton Lucer­ne.
31 August 2017

Inau­gu­ra­ti­on of Motel One in Zurich

The spec­ta­cu­lar trans­for­ma­ti­on of the par­ti­al­ly listed for­mer office com­plex at Brand­schen­ke­stras­se 25 is com­ple­te: Switzerland’s lar­gest Design Hotel, with around 400 rooms, has been erec­ted. In late July, the new Motel One in Zurich wel­co­med the first guests to the best loca­ti­on in Zurich old town, near the Para­de­platz.
3 July 2018

Swiss Prime Site acqui­res office buil­ding in cen­tral Zurich

The ful­ly let com­mer­ci­al pro­per­ty is loca­ted on the cor­ner of Drei­kö­nigstras­se and Beet­ho­ven­stras­se, and com­pri­ses six storeys plus a pent­house and sub­ter­ra­ne­an levels with 62 par­king spaces. The buil­ding, which was reno­va­ted throughout bet­ween 2013 and 2016, has a total area of around 5500 squa­re metres. The pro­per­ty has a high­ly fle­xi­ble design – per­fect­ly sui­ted to the cur­rent struc­tu­re with mul­ti­ple ten­ants, it could equal­ly well be divi­ded fur­ther, or ren­ted to a sin­gle ten­ant.
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Our strengths at a glance

Sus­tainab­le busi­ness model

Swiss Prime Site invests in high-qua­li­ty land, pro­per­ties and loca­ti­ons. The­se, tog­e­ther with con­ver­si­ons and deve­lop­ments of ent­i­re sites, make up the Company’s core busi­ness. Ver­ti­cal­ly inte­gra­ted real estate-rela­ted group com­pa­nies com­ple­ment the core busi­ness and pro­vi­de attrac­tive added value.

Sta­ble finan­cing

The Com­pa­ny is solid­ly finan­ced with debt and share­hol­ders’ equi­ty. The equi­ty ratio is 43.9%. Debt is balan­ced in its com­po­si­ti­on, using a ran­ge of instru­ments such as bonds, mortga­ges and loans. The loan-to-value ratio is 45.3%.

First-class loca­ti­ons

The cur­rent port­fo­lio of 190 high-qua­li­ty pro­per­ties com­pri­ses Swiss pro­per­ties with good value reten­ti­on situa­ted in first-class loca­ti­ons, which have a fair value of CHF 11.2 bil­li­on. The Com­pa­ny has a strong focus on office and retail space. The vacan­cy rate is 4.8%.

High pro­fi­ta­bi­li­ty and growth

The exi­sting pro­per­ty port­fo­lio rea­li­ses an attrac­tive net yield of 3.6%. Swiss Prime Site achie­ves a return on equi­ty of 6.4%. The pro­ject pipe­line for the com­ing years com­pri­ses more than 20 pro­jects with an invest­ment volu­me of around CHF 2 bil­li­on.

High sha­re liqui­di­ty

Swiss Prime Site is the lar­gest stock exchan­ge-listed real estate com­pa­ny in Switz­er­land, with mar­ket capi­ta­li­sa­ti­on of CHF 6.0 bil­li­on. The 76 mil­li­on regi­ste­red sha­res have a free float of 100% and high liqui­di­ty on the SIX Swiss Exchan­ge.

Well-balan­ced divi­dend poli­cy

The Board of Direc­tors pur­su­es a con­si­stent and inve­stor-friend­ly divi­dend poli­cy. Around 80% of the pro­fits gene­ra­ted, exclu­ding reva­lua­ti­ons and defer­red taxes, are cur­r­ent­ly retur­ned to the share­hol­ders. The divi­dend yield is cur­r­ent­ly 4.8%.

Sus­tainab­le busi­ness model

Swiss Prime Site invests in high-qua­li­ty land, pro­per­ties and loca­ti­ons. The­se, tog­e­ther with con­ver­si­ons and deve­lop­ments of ent­i­re sites, make up the Company’s core busi­ness. Ver­ti­cal­ly inte­gra­ted real estate-rela­ted group com­pa­nies com­ple­ment the core busi­ness and pro­vi­de attrac­tive added value.

Sta­ble finan­cing

The Com­pa­ny is solid­ly finan­ced with debt and share­hol­ders’ equi­ty. The equi­ty ratio is 43.9%. Debt is balan­ced in its com­po­si­ti­on, using a ran­ge of instru­ments such as bonds, mortga­ges and loans. The loan-to-value ratio is 45.3%.

First-class loca­ti­ons

The cur­rent port­fo­lio of 190 high-qua­li­ty pro­per­ties com­pri­ses Swiss pro­per­ties with good value reten­ti­on situa­ted in first-class loca­ti­ons, which have a fair value of CHF 11.2 bil­li­on. The Com­pa­ny has a strong focus on office and retail space. The vacan­cy rate is 4.8%.

High pro­fi­ta­bi­li­ty and growth

The exi­sting pro­per­ty port­fo­lio rea­li­ses an attrac­tive net yield of 3.6%. Swiss Prime Site achie­ves a return on equi­ty of 6.4%. The pro­ject pipe­line for the com­ing years com­pri­ses more than 20 pro­jects with an invest­ment volu­me of around CHF 2 bil­li­on.

High sha­re liqui­di­ty

Swiss Prime Site is the lar­gest stock exchan­ge-listed real estate com­pa­ny in Switz­er­land, with mar­ket capi­ta­li­sa­ti­on of CHF 6.0 bil­li­on. The 76 mil­li­on regi­ste­red sha­res have a free float of 100% and high liqui­di­ty on the SIX Swiss Exchan­ge.

Well-balan­ced divi­dend poli­cy

The Board of Direc­tors pur­su­es a con­si­stent and inve­stor-friend­ly divi­dend poli­cy. Around 80% of the pro­fits gene­ra­ted, exclu­ding reva­lua­ti­ons and defer­red taxes, are cur­r­ent­ly retur­ned to the share­hol­ders. The divi­dend yield is cur­r­ent­ly 4.8%.

Board of Direc­tors

As at the balan­ce sheet date, the Board of Direc­tors of Swiss Prime Site AG com­pri­sed seven mem­bers. All mem­bers are non-exe­cu­ti­ve Board of Direc­tors mem­bers in the con­text of the Swiss Code of Best Prac­tice for Cor­po­ra­te Gover­nan­ce. None of the mem­bers of the Board of Direc­tors main­tains any signi­fi­cant busi­ness rela­ti­onship with Swiss Prime Site AG or Swiss Prime Site Group.

Dr. Barbara Frei-Spreiter

Dr. Bar­ba­ra Frei-Sprei­ter, Mem­ber of the Board of Direc­tors

Onwards!

Three years ago, Swiss Prime Site star­ted a gra­du­al pro­cess of moder­ni­sa­ti­on, upda­ting the roles on the Exe­cu­ti­ve Board and the Board of Direc­tors, and intro­du­cing a new com­pen­sa­ti­on model in 2017. We will con­ti­nue to pur­sue this path, expan­ding our skills and exper­ti­se and sim­pli­fy­ing our core pro­ces­ses.

Onwards!
Dr. Barbara Frei-Spreiter

Dr. Bar­ba­ra Frei-Sprei­ter, Mem­ber of the Board of Direc­tors

Three years ago, Swiss Prime Site star­ted a gra­du­al pro­cess of moder­ni­sa­ti­on, upda­ting the roles on the Exe­cu­ti­ve Board and the Board of Direc­tors, and intro­du­cing a new com­pen­sa­ti­on model in 2017. We will con­ti­nue to pur­sue this path, expan­ding our skills and exper­ti­se and sim­pli­fy­ing our core pro­ces­ses.

Exe­cu­ti­ve Board

Swiss Prime Site’s Exe­cu­ti­ve Board com­pri­ses the Chief Exe­cu­ti­ve Offi­cers of the group com­pa­nies Swiss Prime Site Immo­bi­li­en, Win­ca­sa, Jel­mo­li and Ter­tia­num as well as the Group’s CEO and CFO. This ensu­res that all of the cen­tral busi­ness fields, as well as their inte­rests and exper­ti­se, are rep­re­sen­ted at the top ope­ra­ting level of the manage­ment body.

Foto Peter Lehmann, CEO Swiss Prime Site Immobilien AG

Peter Leh­mann, CEO Swiss Prime Site Immo­bi­li­en

«We offer Fac­tor Four!»

Swiss Prime Site Immo­bi­li­en achie­ved very good results in 2018, opti­mi­sing its port­fo­lio through acqui­si­ti­ons and divest­ments, and fur­ther expan­ding the pro­ject pipe­line. Peter Leh­mann, CEO of Swiss Prime Site Immo­bi­li­en, is satis­fied with what has been achie­ved, but still has fur­ther key goals for the future.

«We offer Fac­tor Four!»
Foto Peter Lehmann, CEO Swiss Prime Site Immobilien AG

Peter Leh­mann, CEO Swiss Prime Site Immo­bi­li­en

Swiss Prime Site Immo­bi­li­en achie­ved very good results in 2018, opti­mi­sing its port­fo­lio through acqui­si­ti­ons and divest­ments, and fur­ther expan­ding the pro­ject pipe­line. Peter Leh­mann, CEO of Swiss Prime Site Immo­bi­li­en, is satis­fied with what has been achie­ved, but still has fur­ther key goals for the future.