Ina Invest achieved a positive result in a challenging market environment in the first half of 2023
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2023 half year results: higher rental income and growth in value of the real estate portfolio
4.2
million CHF EBIT
1.2
million CHF profit
0.8
million CHF profit from change in market value of investment properties
3.1
% total portfolio appreciation over the last 12 months
Key projects reach important milestones
We have reached important milestones in the development of our projects. Planning permission was granted for the casino at Lokstadt Hallen in Winterthur. The District Plan West of the Bredella project in Pratteln was processed by the town council and forwarded to the canton for assessment, and the planning application was submitted for the Rue du Valais project in Geneva.
Marc Pointet, CEO
“We are confident about both the current year and the future. Our focus is on implementing our development strategy with an emphasis on residential real estate and sustainable investment properties in good locations.”
Keeping up our efforts to become a sustainability champion
We are actively pressing ahead with our vision of having one of the most sustainable real estate portfolios in Switzerland. This year too, we are targeting a top rating in the GRESB Benchmark Assessment for Real Estate in the Western Europe peer group. We are also submitting our existing properties for GRESB assessment for the first time in order to show the progress we have made with the transformations.
Successful development projects and sustained quality in the portfolio
The value of our real estate portfolio rose in the first half of 2023, despite the environment of interest rate increases and general pressure on property values. Significant progress was made with the key projects Bredella West in Pratteln, Rocket&Tigerli in Winterthur and Schaffhauserstrasse in Zurich. In combination with the generally high quality of our portfolio, this led to value growth of 3.1% over the last 12 months up to the current market value of CHF 846 million.