Expan­si­on and growth

The foun­ding of Swiss Prime Site in 1999 by the Credit Suis­se Pen­si­on Fund, Sie­mens Pen­si­on Fund and Win­ter­thur Life (today: AXA) laid the foun­da­ti­on for the cur­rent real estate port­fo­lio. The value of the real estate hol­dings grew through acqui­si­ti­ons and signi­fi­cant self-deve­lop­ment pro­jects to rough­ly CHF 3.8 bil­li­on (2008) wit­hin less than ten years. With the acqui­si­ti­on of the Jel­mo­li pro­per­ties in 2009, the Com­pa­ny more than dou­bled its real estate port­fo­lio. Addi­tio­nal key pro­jects con­si­der­a­b­ly boo­sted the level of qua­li­ty and size of the real estate port­fo­lio. Ano­t­her spurt in growth fol­lo­wed with the acqui­si­ti­on of the three real estate-rela­ted ser­vices pro­vi­ders Ter­tia­num (2013), SENIO­ca­re (2015) and BOAS Seni­or Care (2016). The fair value of the real estate held by Swiss Prime Site amoun­ted to CHF 11.2 bil­li­on as at the end of 2018.

Expan­si­on and growth

The foun­ding of Swiss Prime Site in 1999 by the Credit Suis­se Pen­si­on Fund, Sie­mens Pen­si­on Fund and Win­ter­thur Life (today: AXA) laid the foun­da­ti­on for the cur­rent real estate port­fo­lio. The value of the real estate hol­dings grew through acqui­si­ti­ons and signi­fi­cant self-deve­lop­ment pro­jects to rough­ly CHF 3.8 bil­li­on (2008) wit­hin less than ten years. With the acqui­si­ti­on of the Jel­mo­li pro­per­ties in 2009, the Com­pa­ny more than dou­bled its real estate port­fo­lio. Addi­tio­nal key pro­jects con­si­der­a­b­ly boo­sted the level of qua­li­ty and size of the real estate port­fo­lio. Ano­t­her spurt in growth fol­lo­wed with the acqui­si­ti­on of the three real estate-rela­ted ser­vices pro­vi­ders Ter­tia­num (2013), SENIO­ca­re (2015) and BOAS Seni­or Care (2016). The fair value of the real estate held by Swiss Prime Site amoun­ted to CHF 11.2 bil­li­on as at the end of 2018.

Geo­gra­phic allo­ca­ti­on

Swiss Prime Site’s real estate port­fo­lio boasts a high level of qua­li­ty of pro­per­ty and loca­ti­on. Accord­ing to Wüest Part­ner, rough­ly 80% of the Group’s pro­per­ties rank in the qua­drants with the hig­hest qua­li­ty based on the over­all mar­ket. The majo­ri­ty of pro­per­ties (76%) are loca­ted in Ger­man-speaking Switz­er­land. In this con­text, can­ton Zurich and par­ti­cu­lar­ly Zurich City account for the lion’s sha­re in this regi­on with 43%. Ano­t­her regi­on in the spot­light is the Lake Gene­va area (22%).

Port­fo­lio split by regi­on
Basis: fair value as at 31.12.2018

Geo­gra­phic allo­ca­ti­on

Port­fo­lio split by regi­on
Basis: fair value as at 31.12.2018

Swiss Prime Site’s real estate port­fo­lio boasts a high level of qua­li­ty of pro­per­ty and loca­ti­on. Accord­ing to Wüest Part­ner, rough­ly 80% of the Group’s pro­per­ties rank in the qua­drants with the hig­hest qua­li­ty based on the over­all mar­ket. The majo­ri­ty of pro­per­ties (76%) are loca­ted in Ger­man-speaking Switz­er­land. In this con­text, can­ton Zurich and par­ti­cu­lar­ly Zurich City account for the lion’s sha­re in this regi­on with 43%. Ano­t­her regi­on in the spot­light is the Lake Gene­va area (22%).

Uti­li­sa­ti­on

Swiss Prime Site has focu­sed its port­fo­lio of high-qua­li­ty, value-retai­ning pro­per­ties situa­ted in prime loca­ti­ons pri­ma­ri­ly on com­mer­ci­al and ser­vices busi­nes­ses and their needs. Of the total 1.6 mil­li­on squa­re metres of avail­ab­le floor space, 43% are lea­sed as office and 29% as retail pro­per­ties at pre­sent. The real estate portfolio’s matu­ri­ty pro­fi­le is long term and thus attrac­tive. Rough­ly 24% of net ren­tal inco­me is gene­ra­ted with ren­tal agree­ments with a term of ten years or more. Ano­t­her 30% of the port­fo­lio is sub­ject to rene­wed lea­sing at terms of bet­ween four and nine years.

Port­fo­lio split by type of use¹
Basis: net ren­tal inco­me as at 31.12.2018

Vacan­cy rate in %
Swiss Prime Site has suc­ce­e­ded in signi­fi­cant­ly redu­cing the vacan­cy rate of its real estate hol­dings (190 pro­per­ties) over recent years. The 2018 rate was a low 4.8%.

Uti­li­sa­ti­on

Port­fo­lio split by type of use¹
Basis: net ren­tal inco­me as at 31.12.2018

Swiss Prime Site has focu­sed its port­fo­lio of high-qua­li­ty, value-retai­ning pro­per­ties situa­ted in prime loca­ti­ons pri­ma­ri­ly on com­mer­ci­al and ser­vices busi­nes­ses and their needs. Of the total 1.6 mil­li­on squa­re metres of avail­ab­le floor space, 43% are lea­sed as office and 29% as retail pro­per­ties at pre­sent. The real estate portfolio’s matu­ri­ty pro­fi­le is long term and thus attrac­tive. Rough­ly 24% of net ren­tal inco­me is gene­ra­ted with ren­tal agree­ments with a term of ten years or more. Ano­t­her 30% of the port­fo­lio is sub­ject to rene­wed lea­sing at terms of bet­ween four and nine years.

Vacan­cy rate in %
Swiss Prime Site has suc­ce­e­ded in signi­fi­cant­ly redu­cing the vacan­cy rate of its real estate hol­dings (190 pro­per­ties) over recent years. The 2018 rate was a low 4.8%.