Major expansion in business activities in Western Switzerland

Glattpark, 16 September 2021: Allreal is acquiring individual companies belonging to Immosynergies Holding Sàrl with a view to building heavily on its presence in Western Switzerland. The acquisition covers a high-end portfolio of investment properties with a total value of around CHF 500 million in addition to development properties with a total value of around CHF 210 million, representing a potential investment volume of more than CHF 700 million. Allreal is also buying the group’s general contracting division, which mainly focuses on its own projects. All 45 employees are being kept on by Allreal. The net purchase price for the entire transaction is expected to be around CHF 400 million.

This major milestone for Allreal will significantly expand upon and diversify the company’s portfolio of yield-producing properties. The residential share as a proportion of the total rental income will also be rising from 22% to 26%. After acquiring 20 yield-producing properties and four investment properties under construction – almost all of which are in prime locations in the canton of Geneva – Allreal will see the total market value of its investment properties rise to around CHF 5.1 billion. The additional annual target rental income from the acquired investment properties amounts to more than CHF 15 million.

A conference call (in German) has been scheduled for 09:30 on Thursday, 16 September 2021, during which CEO Roger Herzog and CFO Thomas Wapp will be providing more information about the transaction.

Conference call joining details:
T: 031 580 00 59
ID: 5339006

 

The complete media release as well as the presentation for the telephone conference can be found on the right under assigned files.

 

For further information:

Allreal Group
Roger Herzog
CEO
Tel. +41 44 319 12 04
Mobile +41 79 430 57 70
E-Mail roger.herzog@allreal.ch

Allreal Group
Reto Aregger
Chief Communications Officer
Tel. +41 44 319 12 67
Mobile +41 79 325 55 58
E-Mail reto.aregger@allreal.ch 

The Allreal Group
Allreal combines a stable-income property portfolio with the activities of a general contractor (development and realisation). The company’s property portfolio is worth over CHF 5 billion. During the 2020 financial year, the volume of projects completed by the Projects & Development division amounted to CHF 363 million. The property company employs more than 250 members of staff across Zurich, Basel, Bern and Geneva. With its registered office on Glattpark, Allreal operates exclusively in Switzerland. Shares in Allreal Holding AG are listed on the SIX Swiss Exchange.

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