Foto Hans Peter Wehrli - Präsident des Verwaltungsrats Swiss Prime Site

28. Febru­ar 2019

Dear Share­hol­ders

Swiss Prime Site made good pro­gress in 2018 in its core busi­ness and the ver­ti­cal­ly inte­gra­ted real estate-rela­ted busi­ness fields. Robust eco­no­mic per­for­mance and sta­ble busi­ness con­di­ti­ons on the Swiss capi­tal mar­ket allo­wed us to con­ti­nue to imple­ment our stra­te­gy accord­ing to plan.

2018 was a suc­cess­ful finan­ci­al year for the ent­i­re group. Our results at all levels reflec­ted the goals we had set our­sel­ves. Ope­ra­ting inco­me increa­sed by 5.1% to CHF 1214.1 mil­li­on. It is gra­ti­fy­ing to note that growth was under­pin­ned by both the Real Estate and Ser­vices seg­ments. Pro­fits rose by 1.8% to CHF 310.9 mil­li­on. This inclu­des pro­fits of CHF 67.6 mil­li­on from reva­lua­ti­on of invest­ment pro­per­ties. In addi­ti­on, important tran­sac­tions allo­wed us to increa­se the value of the port­fo­lio to CHF 11.2 bil­li­on. We also made important pro­gress wit­hin our deve­lop­ment pipe­line. In Gene­va both of our important urban deve­lop­ment pro­jects, «Espace Tour­bil­lon» and «Alto Pont-Rouge», are making very good head­way. The modi­fi­ca­ti­on of the «Schön­burg» buil­ding has pro­gres­sed, enab­ling sta­ged hand-over to ten­ants this year. In Basel, the for­mer Stücki shop­ping cent­re is cur­r­ent­ly expe­ri­en­cing a repo­si­tio­ning as an attrac­tive mixed-used site with high demand for floor­space for labo­ra­to­ries, offices, rese­arch and health. In Zurich, we have begun work on the modi­fi­ca­ti­on of a lar­ge site in Schlie­ren, which is desi­gned as an important hub for know­ledge trans­fer, entre­pre­neurship and inno­va­ti­on. The acqui­si­ti­on of the «West-Log» pro­ject in Zurich as an urban logi­stics pro­per­ty with gre­at future poten­ti­al rep­re­sen­ted a signi­fi­cant enhan­ce­ment to our pipe­line. In the real estate-rela­ted busi­ness fields, we are inve­sting in digi­ta­li­sa­ti­on and expan­si­on, ther­e­by streng­t­he­ning our indi­vi­du­al busi­ness models.

In short, we are hap­py with the past finan­ci­al year, and we are opti­mi­stic about the com­ing year. I would like to thank you, our valued custo­mers and part­ners, for your trust and sup­port. My thanks also go to all employees across the ent­i­re Swiss Prime Site Group, the Exe­cu­ti­ve Board and my col­leagues on the Board of Direc­tors.

Hans Peter Wehr­li
Chair­man of the Board of Direc­tors