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» Chronological View: " Switzerland " «

Swiss Central City Real Estate Fund invests in Visionapartments Lucerne

Following the successful opening of Visionapartments Lucerne in January 2020, the property was purchased by the Swiss Central City Real Estate Fund for CHF 18.2 million. Under a ten-year rental agreement, Visionapartments will continue to operate the 56 modern, furnished apartments.
Tuesday, 4. August 2020

Orascom Development Holding appoints Omar El Hamamsy as new CEO

Orascom Development Holding (ODH) announced today the appointment of Omar El Hamamsy as Chief Executive Officer (CEO) effective 1 September 2020. El Hamamsy joins ODH from McKinsey & Company where he is a Senior Partner in the Middle East office and was previously in the Belgium office. In his 18 years at McKinsey, he led man...
Thursday, 30. July 2020

Alpha IC expands into Switzerland

Together with the Reso Group, Alpha IC has established a joint consulting company in Switzerland. The company, which operates under the name „Alpha IC Schweiz AG“, is headquartered in Zurich and offers a similar real estate management consulting portfolio as is provided by Alpha in Germany. In addition to classic FM consultin...
Tuesday, 28. July 2020

Swiss Life acquires Glatt shopping centre

Swiss Life is taking over the Glatt shopping centre in Wallisellen (ZH) from the Federation of Migros Cooperatives (FMC). The new owner wants to continue the management of the shopping centre successfully over the long term. The parties have agreed not to disclose the purchase price. The sale has no repercussions on the Migro...
Monday, 27. July 2020

Orascom AGM approves all resolutions

Yesterday, the 12th Annual General Meeting of Orascom Development Holding AG was held in Altdorf, Switzerland. Due to the extraordinary situation in connection with the Covid-19-pandemic personal participation of shareholders was excluded. The independent proxy represented 32,125,266 registered shares and 79.14% of the issued...
Thursday, 21. May 2020

Leading Cities Invest acquires second property at Lake Geneva

KanAm Grund Group's Leading Cities Invest fund has completed its second acquisition at Lake Geneva. It was only last year that the fund purchased the European Headquartes of Chiquita Brands International which also marked the first investment in Switzerland. Now LCI has bought the new and fully let La Porte d`Eysins office pr...
Wednesday, 6. May 2020

MünchenerHyp expands new business

Münchener Hypothekenbank eG continued on its course of growth during its 2019 business year. The cooperative property bank set a new record volume of € 6.5 billion for new lending commitments made during the year. Against the background of a property market that has been booming for many years, MünchenerHyp also used the favo...
Friday, 1. May 2020

Eastern Property Holdings reports net profit of $40.68 million

Eastern Property Holdings Ltd (EPH) today announces audited 2019 year-end results: The net profit attributable to the shareholders of $40.68 million ($4.01 per share) and the positive cumulative translation adjustment (CTA, reflected as the other comprehensive income in equity) of US$27.73 million contributed to the US$68 mil...
Wednesday, 29. April 2020

Henrik Saxborn elected to the PSP Swiss Property Board

Castellum CEO Henrik Saxborn was elected on April 9 to the Board of the PSP Swiss Property real estate company. The manager has been employed at Castellum AB since 2006, including his most recent seven years as CEO.
Tuesday, 14. April 2020

Simon Lutz expands partner base at Peakside

Simon Lutz has been appointed partner at Peakside Capital Advisors AG with effect from 1 April. He thus expands the team of partners which currently includes the two managing partners Stefan Aumann and Boris Schran. He is responsible for acquisitions and the investment management of assets in Germany, working from the Frankfu...
Thursday, 2. April 2020

Peach Property closes record-breaking year

Peach Property Group posts a new record high for earnings before taxes based on preliminary, unaudited numbers. Amounting to around CHF 109 million, earnings before taxes were about 90% above the prior year level of CHF 56.9 million. Growth drivers were a significant portfolio extension, substantial improvements of the portfo...
Wednesday, 12. February 2020

Signa and Central Group acquire Globus

In a 50:50 joint venture, Signa and Central Group acquire the Swiss luxury department store chain „GLOBUS “, along with eight associated real estate properties at top inner-city locations from the Migros-Genossenschafts-Bund (MGB). With Globus and the locations of Signa and Central Group in Germany, Italy, Denmark and soon al...
Friday, 7. February 2020

Orascom appoints Samih Sawiris as interim CEO

Orascom Development Holding (ODH) provides an update regarding the management of the company following the tragic loss of its CEO Khaled Bichara #link(53918)#. Samih Sawiris will assume the role of Executive Chairman to lead the Executive Management for an interim period until the appointment of a new CEO. He will lead and be...
Wednesday, 5. February 2020

Orascom-CEO Khaled Bichara dies in a car accident

It is with great sadness that Orascom Development Holding announces that Khaled Bichara, CEO, has suddenly passed away in an accident. On behalf of our Board of Directors, management team and employees, we extend our most heartfelt condolences and sympathy to Khaled's family. Our thoughts are with them at this most difficult ...
Monday, 3. February 2020

Visionapartments buys Hotel Fox in Lucerne

Continuing its expansion course, Visionapartments is adding another property to its portfolio. The company purchased the Hotel Fox in Lucerne and developed 60 fully furnished rooms, partly with kitchenettes. In addition to the accommodation, the building will offer a sauna and an external restaurant. The key location in close...
Friday, 24. January 2020

MünchenerHyp issues the first green senior non-preferred bond

Yesterday, Münchener Hypothekenbank eG (MünchenerHyp) announced that it issued a green senior non-preferred bond with a volume of 240 million Swiss francs. It was the first time a green security in this asset class was issued in the Swiss capital market.
Tuesday, 21. January 2020

HR Group acquires Mövenpick lease-portfolio from Accor

HR Group announces the acquisition of a lease-portfolio from Accor as part of a sale & management-back agreement. The transaction entails 16 hotels under the Mövenpick brand in Germany, Switzerland and the Netherlands totaling 3,696 rooms. The portfolio includes three pipeline properties which will open early 2020. All 16 hot...
Tuesday, 17. December 2019

Swiss Life increases AuM by 6.8 %

Swiss Life Asset Managers reports positive results for its real estate business in the first half of 2019. The real estate business has continued to grow: at the end of June 2019, Swiss Life Asset Managers managed real estate across Europe worth a total of €86.5 billion. That corresponds to an increase of €5.5 billion (+6.8 %...
Tuesday, 8. October 2019