Stories

«We’re feeling the synergy between the two segments even more.»

2023 proved to be one of the most challenging years in the real estate sector in a long time – rising interest rates, far fewer transactions, and valuation corrections were just some of the headline issues. In spite of this, Swiss Prime Site ended the year with a strong operational result. René Zahnd, Swiss Prime Site CEO, looks back on the financial year.

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Traineeship: Real Passion 4 Real Estate

The traineeship programme by Swiss Prime Site, established in 2017, gives talented young people an opportunity to experience the exciting world of real estate first-hand. Over the course of the programme, which lasts between 18 months and two years, a small group of promising talents gains in-depth insights into the various aspects of a company whose stated purpose is to create new living spaces for society. Twelve of some 50 applicants were invited to Zurich in the spring of 2019 to attend an extensive assessment day. Four of them secured themselves one of the sought-after spaces on the programme.

Swiss Prime Site Employees

Swiss Prime Site and its group companies, Swiss Prime Site Immobilien, Wincasa, Tertianum, Immoveris and Swiss Prime Site Solutions, are specialised players in the real estate industry. Petra Weigert, Head Group of Human Resources at Swiss Prime Site, explained: «We are very keen to recruit suitable employees, help them become experts in their fields, and retain them in our company.» The Swiss labour market for real estate experts is quite compact. Filling vacancies with well-qualified specialists is an increasingly challenging task.

In 2017, the management of Swiss Prime Site made a strategic decision to prioritise employer branding. It reviewed its staff development measures, regulations and structures and launched a specially designed traineeship programme.

We need experts!

The traineeship programme was initiated to facilitate the active recruitment of talented young people and counteract the impact of the weak labour market. At the same time, its originators hope to boost the reputation of Swiss Prime Site and its group companies as an attractive employer within and beyond the real estate industry. Candidates for a traineeship must have a bachelor's or master’s degree and an interest in gaining their first professional experience and establishing a professional network. Over the course of the traineeship, which lasts between 18 and 24 months, Swiss Prime Site organises an interesting and versatile programme of activities for the budding property professionals, who get to gain exclusive insights into one or multiple renowned companies in the real estate industry.

The programme has a modular structure that honours current trends and the diversity of the group as well as the versatile tasks the trainees will learn. In three to four blocks with a duration of six months each, they experience multiple business segments first-hand. They can choose from the following: Development & Construction, Acquisition & Sales, Portfolio Management, Letting Advisory, Strategic Facility Management and Centre Management.

«Around 50 people applied to the course starting in the summer of 2019»

Petra Weigert, Head Group Human Resources at Swiss Prime Site

Four out of fifty

Petra Weigert described the recruitment process as follows: «We used a range of recruitment methods and channels to reach out to suitable candidates, taking advantage of traditional advertisements, digital and social media platforms.» It attracted considerable interest. «Around 50 people applied to the course starting in the summer of 2019.» An internal committee composed of members of the involved group companies reviewed the applications and invited twelve suitable candidates to the assessment day in Zurich that was held at the end of March 2019. «We wanted to meet the participants and observe how they conduct themselves on their own and as members of a group. It was important to us to experience their assertiveness and their capacity for teamwork. The event allowed us to get to know the candidates in some depth,» the Head Group of Human Resources explained.

In the morning, all participants introduced themselves to the committee individually. They were then divided into teams. Each team was given the task of analysing concrete challenges facing a specific group company and developing potential solutions. After a shared lunch break, they presented their ideas to the group. Petra Weigert was impressed by the level-headed approach of the candidates. Having been put in the position of strategic consultants, the participants explained their solutions to the committee in a highly professional manner. Petra Weigert commented: «The quality of the presentations was high.»

Our new trainees

Mirror, mirror on the wall

In the meantime, the selection committee reconvened to discuss the impressions they gathered during the one-on-one interviews with the candidates and the group presentations. Out of around 50 applicants, four motivated and ambitious young people (two women and two men) received an offer for a traineeship with the Swiss Prime Site Group. All of them accepted the offer. Their expertise in customer service, financial analysis, marketing and facility management will make them valuable assets for Swiss Prime Site and its group companies.

Ready, steady, go

The four new trainees will start their courses in September 2019, taking on a new role every six months. A mentor will support them in their everyday work and beyond. «We want to make sure that all our trainees complete the programme just as motivated as they started it. Our goal is to recruit them as permanent employees afterwards,» Petra Weigert commented. She is fully satisfied with this year's selection process.

Working at Swiss Prime Site

More about our trainee programme and the career opportunities at Swiss Prime Site.

Read more

Setting an example of sustainability

As the largest real estate company listed on the stock exchange in Switzerland, we lead by example and are aware of our responsibilities towards our employees, customers, the environment and society as a whole. Our vision is to generate value and create sustainable living spaces. For us, this means a comprehensive, multidimensional business concept in which non-financial aspects are taken into account as well as financial goals.

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Traineeship: Real Passion 4 Real Estate

The traineeship programme by Swiss Prime Site, established in 2017, gives talented young people an opportunity to experience the exciting world of real estate first-hand. Over the course of the programme, which lasts between 18 months and two years, a small group of promising talents gains in-depth insights into the various aspects of a company whose stated purpose is to create new living spaces for society. Twelve of some 50 applicants were invited to Zurich in the spring of 2019 to attend an extensive assessment day. Four of them secured themselves one of the sought-after spaces on the programme.

Swiss Prime Site Employees

Swiss Prime Site and its group companies, Swiss Prime Site Immobilien, Wincasa, Tertianum, Immoveris and Swiss Prime Site Solutions, are specialised players in the real estate industry. Petra Weigert, Head Group of Human Resources at Swiss Prime Site, explained: «We are very keen to recruit suitable employees, help them become experts in their fields, and retain them in our company.» The Swiss labour market for real estate experts is quite compact. Filling vacancies with well-qualified specialists is an increasingly challenging task.

In 2017, the management of Swiss Prime Site made a strategic decision to prioritise employer branding. It reviewed its staff development measures, regulations and structures and launched a specially designed traineeship programme.

We need experts!

The traineeship programme was initiated to facilitate the active recruitment of talented young people and counteract the impact of the weak labour market. At the same time, its originators hope to boost the reputation of Swiss Prime Site and its group companies as an attractive employer within and beyond the real estate industry. Candidates for a traineeship must have a bachelor's or master’s degree and an interest in gaining their first professional experience and establishing a professional network. Over the course of the traineeship, which lasts between 18 and 24 months, Swiss Prime Site organises an interesting and versatile programme of activities for the budding property professionals, who get to gain exclusive insights into one or multiple renowned companies in the real estate industry.

The programme has a modular structure that honours current trends and the diversity of the group as well as the versatile tasks the trainees will learn. In three to four blocks with a duration of six months each, they experience multiple business segments first-hand. They can choose from the following: Development & Construction, Acquisition & Sales, Portfolio Management, Letting Advisory, Strategic Facility Management and Centre Management.

«Around 50 people applied to the course starting in the summer of 2019»

Petra Weigert, Head Group Human Resources at Swiss Prime Site

Four out of fifty

Petra Weigert described the recruitment process as follows: «We used a range of recruitment methods and channels to reach out to suitable candidates, taking advantage of traditional advertisements, digital and social media platforms.» It attracted considerable interest. «Around 50 people applied to the course starting in the summer of 2019.» An internal committee composed of members of the involved group companies reviewed the applications and invited twelve suitable candidates to the assessment day in Zurich that was held at the end of March 2019. «We wanted to meet the participants and observe how they conduct themselves on their own and as members of a group. It was important to us to experience their assertiveness and their capacity for teamwork. The event allowed us to get to know the candidates in some depth,» the Head Group of Human Resources explained.

In the morning, all participants introduced themselves to the committee individually. They were then divided into teams. Each team was given the task of analysing concrete challenges facing a specific group company and developing potential solutions. After a shared lunch break, they presented their ideas to the group. Petra Weigert was impressed by the level-headed approach of the candidates. Having been put in the position of strategic consultants, the participants explained their solutions to the committee in a highly professional manner. Petra Weigert commented: «The quality of the presentations was high.»

Our new trainees

Mirror, mirror on the wall

In the meantime, the selection committee reconvened to discuss the impressions they gathered during the one-on-one interviews with the candidates and the group presentations. Out of around 50 applicants, four motivated and ambitious young people (two women and two men) received an offer for a traineeship with the Swiss Prime Site Group. All of them accepted the offer. Their expertise in customer service, financial analysis, marketing and facility management will make them valuable assets for Swiss Prime Site and its group companies.

Ready, steady, go

The four new trainees will start their courses in September 2019, taking on a new role every six months. A mentor will support them in their everyday work and beyond. «We want to make sure that all our trainees complete the programme just as motivated as they started it. Our goal is to recruit them as permanent employees afterwards,» Petra Weigert commented. She is fully satisfied with this year's selection process.

Working at Swiss Prime Site

More about our trainee programme and the career opportunities at Swiss Prime Site.

Read more

Contributions in kind – the ideal solution for property owners

Direct property investment can be challenging for property owners. The kind of ­detailed knowledge of regional markets and specific real estate expertise that Swiss Prime Site Solutions offers is essential. Many different factors need to be ­considered in an existing portfolio, such areas as sustainability, vacancy reduction, ­renovation backlogs and utilisation of potential, as well as regulatory and political ­challenges. Economies of scale are also an important consideration here.

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Direct property investment can be challenging for property owners. The kind of ­detailed knowledge of regional markets and specific real estate expertise that Swiss Prime Site Solutions offers is essential. Many different factors need to be ­considered in an existing portfolio, such areas as sustainability, vacancy reduction, ­renovation backlogs and utilisation of potential, as well as regulatory and political ­challenges. Economies of scale are also an important consideration here.

The contribution of real estate to an ­investment vehicle is defined as a contribution in kind. In return, the owner receives shares in the investment vehicle (investment foundation and/or investment fund). The tax-optimised contribution in kind allows the property owner to transfer their directly held property portfolio to an indirect real estate investment. A contribution in kind also gives small and medium-­sized pension funds and institutional investors access to larger real estate investment volumes that are professionally and efficiently managed.

«Our decision to enter into a transaction with the Swiss Prime Investment Foundation was influenced not only by the investment group’s strong portfolio, but also by its professional approach.»
Antonio Sacco, Managing Director of the Ringier Group’s pension fund

Diversification is of central importance in optimising the risk-return profile of a property portfolio. Since direct real estate investment by pension funds has historically grown regionally, contribution-in-kind transactions allow greater geographical and use-specific diversification. Furthermore, the considerations around sustainability are crucially important.

Implementing a contribution in kind is a multi-step process which usually comprises five key milestones. Firstly, the owners need to be willing to sell the properties. The fund management company or investment foundation then checks whether the property is suitable for acquisition, while the custodian bank verifies the eligibility of the investors. The third step involves a thorough inspection of the property, in which the purchase price is determined by a valuation expert, and a purchase price indication is given. The fourth step involves the payment of the purchase price, which is made in the form of share certificates and, if applicable, cash. In the fifth and final step, the previous property owner becomes the new investor with shares.

Swiss Prime Site Solutions has demonstrated its expertise with contributions in kind several times over recent years. We have successfully completed five such trans­actions with a value of about CHF 400 million. For example, we were able to take over 33 properties for the Swiss Prime Investment Foundation as part of a contribution in kind from the Ringier Group’s pension fund. «Our deci­sion to enter into a transaction with the Swiss Prime Investment Foundation was influenced not only by the investment group’s strong portfolio, but also by its professional approach», says Antonio Sacco, managing director of the Ringier Group’s pension fund.

We support our clients throughout the entire contribution-in-kind process with our extensive experience and through access to our nationwide network of experts. Our innovative process for execution of contributions in kind serves as an exemplar.

Benefits of in-kind ­contributions

Better performance

­Efficient use of capital, potential ­revaluation gains, tax advantages for investors, asset optimisation

Less risk

Greater diversification effect, stable cash flow, maximum transparency

Optimisation of resources

Assignment of operational property management, efficiency gains, ­freeing up of resources, succession planning, expertise of Swiss Prime Site Solutions

Greater flexibility

Timing of the contribution in kind ­independent of issuance windows, greater fungibility (possible trade­ability of shares), more decision-­making freedom

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