UK markets closed
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • FTSE 250

    18,109.57
    +215.15 (+1.20%)
     
  • AIM

    980.45
    +11.44 (+1.18%)
     
  • GBP/EUR

    1.0988
    -0.0074 (-0.67%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • BTC-GBP

    10,038.55
    +150.99 (+1.53%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • DOW

    28,335.57
    -28.09 (-0.10%)
     
  • CRUDE OIL

    39.78
    -0.86 (-2.12%)
     
  • GOLD FUTURES

    1,903.40
    -1.20 (-0.06%)
     
  • NIKKEI 225

    23,516.59
    +42.32 (+0.18%)
     
  • HANG SENG

    24,918.78
    +132.65 (+0.54%)
     
  • DAX

    12,645.75
    +102.69 (+0.82%)
     
  • CAC 40

    4,909.64
    +58.26 (+1.20%)
     

Ina Invest buys two fully let properties with great development potential at top locations in Geneva and Lancy

·3-min read

Ina Invest Holding AG / Key word(s): Real Estate

01-Oct-2020 / 18:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Ina Invest generates initial rental income of more than CHF 2 million per year through portfolio expansion. Acquired properties are perfect strategic fit and underline successful collaboration with Implenia. Acquisition target for 2020 already exceeded.

Zurich, 1 October 2020 - Ina Invest today signed contracts to purchase two existing properties at top locations in Geneva and Lancy. The Geneva property, at Rue du Valais 7-11, offers great development potential in line with Ina Invest's business plan: Currently used exclusively for offices, the plan is to repurpose and extend the building for mixed usage, including residential units. Within walking distance of Geneva Cornavin train station, the building will offer state-of-the-art small apartments with parking spaces for electric bicycles. The decision not to have car parking spaces underlines Ina Invest's strategy of investing in town centre locations and positioning them sustainably. In a few years, and with a small amount of conversion work, the building at Chemin des Olliquettes 10 in Lancy, which is currently occupied by a single tenant, should be converted to multi-tenant use. The two properties generate rental income of more than CHF 2 million a year, which Ina Invest will receive from now until they are ready for development.

With their very good locations and excellent links to the tram network of Switzerland's second largest city, the two properties match Ina Invest's strategy perfectly and are an ideal addition to a portfolio with a 50-50 mix of residential and commercial space. "This is our first successful acquisition; by adding two high-potential properties to our portfolio we have already exceeded our investment target for 2020 even though it's less than six months since our IPO. The properties fit into our concept of innovation or, as we like to call it, Inavation: we aim to develop and operate modern, urban, sustainable spaces for living and working," says CEO Marc Pointet. "The successful acquisition underlines the power of our collaboration with Implenia. Thanks to the skills and expertise of its local development specialists, Implenia was able to confirm the properties' great transformation potential." CHF 50 million of further acquisitions are planned for 2021 in line with the business plan. Ina Invest's aim is to develop and operate the most sustainable property portfolio in Switzerland.

Contact for media:
Corporate Communications
T +41 44,552 97 27
communications@ina-invest.com


End of ad hoc announcement

Ina Invest is a new Swiss real estate company created from the spin-off of half of Implenia's development portfolio. Ina Invest is developing this initial set of projects in order to build up a portfolio of profitable properties, while continuing to make acquisitions to secure future growth. The properties have a varied usage profile, with a primary focus on residential developments, and are in very good locations all over Switzerland. Ina Invest plans to continue investing in and growing its portfolio. Thanks to its transparent collaboration with Implenia, Ina Invest benefits from the expertise of Switzerland's leading construction services provider. In the development and management of its portfolio, Ina Invest maintains the highest sustainability standards by taking a holistic view of the entire value chain and integrating sustainability across all phases. The company is listed on the SIX Swiss Exchange (INA, CH0524026959). More information can be found at ina-invest.com

Ina Invest is a new Swiss real estate company created from the spin-off of half of Implenia's development portfolio. Ina Invest is developing this initial set of projects in order to build up a portfolio of profitable properties, while continuing to make acquisitions to secure future growth. The properties have a varied usage profile, with a primary focus on residential developments, and are in very good locations all over Switzerland. Ina Invest plans to continue investing in and growing its portfolio. Thanks to its transparent collaboration with Implenia, Ina Invest benefits from the expertise of Switzerland's leading construction services provider. In the development and management of its portfolio, Ina Invest maintains the highest sustainability standards by taking a holistic view of the entire value chain and integrating sustainability across all phases. The company is listed on the SIX Swiss Exchange (INA, CH0524026959). More information can be found at ina-invest.com

Language:

English

Company:

Ina Invest Holding AG

Binzmühlestrasse 11

8050 Zurich

Switzerland

Phone:

044 552 97 00

E-mail:

info@ina-invest.com

Internet:

www.ina-invest.com

ISIN:

CH0524026959

Valor:

52402695

Listed:

SIX Swiss Exchange

EQS News ID:

1138355


 

End of Announcement

EQS Group News Service

show this
show this