Successful investment group SFP AST Swiss Real Estate with continued record low vacancy rates
The SFP AST Swiss Real Estate investment group is invested in core and core-plus properties throughout Switzerland. Since its launch in December 2018, the investment group has been able to build up a broadly diversified real estate portfolio in terms of use and region through targeted acquisitions and exceeded the critical size of CHF 500.0 million portfolio value in the current financial year.
Since its launch, the investment group has reported low vacancy rates, which were achieved through successful management and prudence in the market. Since 2019, when a vacancy rate of only 0.4% was reported, this has been maintained at a similarly low level in subsequent years despite the pandemic and a difficult market environment. At the end of 2022, a vacancy rate of less than 1.5% can be expected, which is below the previous year's level. Of the total of around 630 residential units distributed throughout Switzerland, only around six apartments were vacant at the end of the year.
In addition to the indexed commercial leases, the portfolio has high value and growth reserves due to high rent potential in the residential, commercial/industrial and office uses. The investment group thus offers potential for successful further development even in a tense market environment.
Several leasing successes were achieved in the second half of the year. The lettings in the properties Root and Wallisellen deserve special mention.
In Wallisellen at Seidenstrasse 4, an area of 269 m2 was let to the company Plättli Ganz AG. Plättli Ganz AG is a family business in the building materials sector and uses the premises as a showroom for its extensive range of floor and wall tiles.
In Root, a long-term rental agreement was concluded directly with an existing subtenant in the property that was rounded off in the middle of the year. The rental contract was concluded for five years and covers around 1 300 m2.
Thanks to various other lease extensions, WAULT has so far been maintained at a similar level to the previous year.
With the leasing successes achieved in the second half of 2022, the SFP AST Swiss Real Estate investment group has recorded the pleasing business performance expected to date.