Transaction closed successfully in Western Switzerland
Ad hoc announcement pursuant to Art. 53 LR
Glattpark, 15 October 2021: Allreal has successfully closed the acquisition of individual companies previously belonging to Immosynergies Holding Sàrl as announced in the middle of September 2021. This move has added high-end investment properties worth around CHF 500 million to Allreal’s existing property portfolio. Allreal has also acquired development properties with a total value of around CHF 210 million, representing an investment volume of more than CHF 700 million, and the general contractor Roof SA that was also part of the same group.
The net purchase price of around CHF 400 million was paid half in cash and half in Allreal shares. The payment in Allreal shares was covered by drawing on the company’s treasury stock and by issuing 650,000 new Allreal shares each with a nominal value of CHF 1.00 and an issue price of CHF 187.24 as part of a capital increase.
The capital increase was from the authorised capital excluding the subscription rights of existing shareholders. The new shares have increased the existing share capital by 4.1% and will be listed on the SIX Swiss Exchange and admitted to trading on 18 October 2021.
The 2021 annual results will now be published on 8 March 2022 owing to the integration and the additional time required for the financial consolidation. The annual general meeting is scheduled to take place as planned on 8 April 2022.
Allreal combines a stable-income property portfolio with the activities of a general contractor (development and realisation). The company’s property portfolio is worth around CHF 5.1 billion. During the 2022 financial year, the volume of projects completed by the Projects & Development division amounted to CHF 320 million. The property company employs more around 240 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.