Swiss Prime Site
Swiss Prime Site is Switzerland’s leading listed real estate company.
The value of the Group’s high-quality portfolio exceeds CHF 11 billion and comprises value-retaining properties in prime locations, most of which incorporate office and retail space. Swiss Prime Site Immobilien AG invests in first-class buildings and land. These activities, coupled with transformation and development projects encompassing entire large-scale sites, constitute Swiss Prime Site’s core business. The principal property in the Group’s real-estate-related business is Jelmoli – The House of Brands in Zurich, Switzerland’s leading premium department store. The store’s overall floorspace of 23 800 m2 is equally divided between Jelmoli formats and shop-in-shop concepts operated by third parties. As Switzerland’s largest and most significant integrated real estate services provider, the Group’s Wincasa division ideally complements Swiss Prime Site’s core business. Wincasa’s innovative service offering covers the entire property life cycle. The value of its assets under management is approximately CHF 68 billion. Tertianum, Switzerland’s leading service provider in the expanding assisted living for seniors field, further complements Swiss Prime Site’s business portfolio. At its more than 77 residential and care centres, Tertianum’s mission is to provide high-quality living accommodation which combines the autonomy senior residents want with the individual services, security, care and support they need. In 2017, the Group established Swiss Prime Site Solutions, an asset management company focusing on the real estate sector. This business field develops tailor made service solutions and investment products for third-party clients.
Swiss Prime Site is notable for its experienced management team, its high level of earnings continuity and its excellent risk/return profile. The company has been listed on SIX Swiss Exchange since 2000 and has a market capitalisation of some CHF 6 billion.
SIX Swiss Exchange / Symbol SPSN / Swiss securities number 803 838
Facts and Figures 2018
|Real estate portfolio||CHF 11.2 Mrd.||
|Corporate earnings||CHF 1.2 Mrd.|
|Rental income||CHF 479 Mio.|
|Net profit||CHF 310.9 Mio.|
|Cash yield on shares||4.8%|
The portfolio includes real estate valued over CHF 11 billion. It comprises premium properties of lasting value in top locations. The largest geographical concentrations are in Zurich (43%), Geneva (21%) and North-West Switzerland (13%). Around 70% of rental income is earned from office and retail space.