Reporting 2023

Report

2023

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Facts and
figures

Assets under Management

8.4

CHF billion assets under management

EBIT

403

CHF million EBIT before revaluations

Climate neutrality

2040

Climate neutrality target

certified floor space

94

Percent of floor space certified

Property portfolio

39.8

Loan-to-value ratio of property portfolio (LTV)

Market capitalisation

6.9

CHF billion market capitalisation on SIX Swiss exchange

Buildings

159

Number of buildings

Distribution

3.40

CHF distributed per share in 2023¹

¹Proposal to the Annual General Meeting

Portfolio

13.1

CHF billion Property Portfolio

Business

Ton Büchner
Chairman of the Board of Directors

Dear Shareholders, dear Readers,

The past year has been challenging in many respects. But Swiss Prime Site has taken important strategic steps in this tough environment and achieved positive results – clear testament to the resilience of our company and our business model.

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Find more about Corporate Governance on our website

«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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Stable results, promising outlook

2023 was a successful financial year for Swiss Prime Site. We further improved our operating performance and mitigated the impact of higher interest rates thanks to our prime portfolio and strong financial position. We also streamlined the portfolio, laying the strategic foundations for a promising outlook, which will also simplify and improve the comparability of our financial data. Ongoing high demand for modern, centrally located spaces remains the driving force of our success. We are delighted to have successfully completed our largest projects in the pipeline, further strengthening our position in the market.

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Comparison of key figures

Swiss Prime Site

Swiss Prime Site Immobilien

Swiss Prime Site Solutions

Jelmoli

At a glance

Ratings and benchmarks

Swiss Prime Site is evaluated and rated by leading rating providers in the areas of creditworthiness, ESG and sustainability as well as corporate culture.

Our strategy

For the past 25 years, Swiss Prime Site has been synonymous with the creation and design of living, working and leisure spaces. Today, we are the leading real estate company in Switzerland, with the experience and size to facilitate a more sustainable and value-oriented use of buildings in the future.

Alto Pont-Rouge – new spaces in Geneva to work and live

Right by Lancy-Pont-Rouge train station, on the Esplanade 4 plot, a services building of 28,000 square metres across 15 upper floors has been taking shape over the last three years: Alto Pont-Rouge. This is the next major construction milestone in Geneva’s major development project Praille-Acacias-Vernets (PAV), where a new urban district is emerging on a 230-hectare site.

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Resources in mind – sustainable investing in circular buildings

Properties are long-term investments that stand for decades and therefore have a major impact on our environment. With this in mind, Swiss Prime Site pursues a sustainability strategy that covers the most important environmental, social and governance (ESG) aspects.

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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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The Green Lease

Sustainability and environmental awareness are among Swiss Prime Site’s core values. The company wants to achieve climate neutrality in its own portfolio by 2040. Green leases will play a key role in achieving this goal. But what exactly are they?

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Meta Prime Tower

Prime Tower goes Metaverse! With its 126 metres in height and 36 floors, it is one of the tallest office buildings in Switzerland. Now Prime Tower is entering new spheres and since 2023 can also be found in the Metaverse. It digitally covers the entire Swiss Prime Site value chain - from acquisition, project planning and construction to marketing and leasing.

Our commitments

With its business operations, Swiss Prime Site contributes to economic and social development in many different ways. We are committed to training young people and our employees, and we also support social and cultural organisations and projects as part of our various sponsorship activities.