Put companies on watchlist
PSP Swiss Property AG
ISIN: CH0018294154
WKN: A0CA16
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

PSP Swiss Property AG · ISIN: CH0018294154 · EQS - Company News (29 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1317973
01 April 2022 09:34AM

PSP Swiss Property buys prime property in CBD Geneva


PSP Swiss Property AG / Key word(s): Real Estate
PSP Swiss Property buys prime property in CBD Geneva

01.04.2022 / 09:34


Property News

April 1st, 2022

In order to further optimise its real estate portfolio, PSP Swiss Property has purchased a prime property and has sold a development project in Geneva.

Retroactively as per January 1st 2022, PSP Swiss Property has acquired the prime commercial property located at Place de la Synagogue 3-5 & Rue Jean-Petitot 4-6 in Geneva for CHF 64 million. This prestigious property has around 2'700 m2 of usable space, 75% of which is mainly used for offices (the remaining space is used for retail, gastronomy, a gym and storage). The property is fully let in the medium to long term, with the main tenant being the IWG-brand «Signature», a coworking operator.

In addition, the slightly peripheral development project at 54-58 Rue du Grand-Pré was sold for CHF 60.5 million as of 30 March 2022.

The two transactions have no immediate impact on the Ebitda and vacancy forecast published in the FY21 release on February 22nd 2022. On May 3rd 2022, the Q1-2022 results will be published with the usual financial information.

Property acquired: Geneva, Place de la Synagogue 3-5 & Rue Jean-Petitot 4-6

Further information
Sam Schwarz, Transactions & Portfolio Steering · Phone +41 (0)44 625 55 77 · Mobile +41 (0)79 137 93 49
Vasco Cecchini, CCO & Head IR · Phone +41 (0)44 625 57 23 · Mobile +41 (0)79 650 84 32

PSP Swiss Property - leading Swiss real estate company
PSP Swiss Property owns a real estate portfolio of CHF 9.1 billion in Switzerland's main economic areas; its market capitalisation amounts to CHF 5.6 billion. The 98 employees are based in Basel, Geneva, Zug and Zurich.

PSP Swiss Property has been listed on the SIX Swiss Exchange since March 2020 (symbol: PSPN, security number: 1829415, ISIN CH0018294154).

 

None of the information in this press release constitutes an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. None of the securities of the Company referred to in this press release have been or will be registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or under the applicable securities laws of any state or other jurisdiction of the United States.



End of Media Release


Language: English
Company: PSP Swiss Property AG
Kolinplatz 2
6300 Zug
Switzerland
Phone: +41417280404
Fax: +41417280409
E-mail: info@psp.info
Internet: www.psp.info
ISIN: CH0018294154
Valor: 1829415
Listed: SIX Swiss Exchange
EQS News ID: 1317973

 
End of News EQS News Service

1317973  01.04.2022 

fncls.ssp?fn=show_t_gif&application_id=1317973&application_name=news&site_id=boersengefluester_html
Visual performance / price development - PSP Swiss Property AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.