Ina Invest 2021 Half-Year Report: Successful first half with positive portfolio performance and ongoing projects on track
|
EQS Group-Ad-hoc: Ina Invest Holding AG / Key word(s): Half Year Results Ad hoc announcement pursuant to Art. 53 LR
Zurich, 13 August 2021 - The Swiss real estate company Ina Invest reported positive results for the first half of 2021, which again exceeded expectations with EBIT of CHF 3.1 million and a net profit of CHF 2.9 million. Ina Invest has therefore built on its success last year and has again reported a profit from the revaluation of investment property of CHF 3.8 million. The value of the real estate portfolio has increased by CHF 19 million in total and now stands at CHF 385 million.
Exceeded acquisition target, successful sales and ongoing projects on track In the first half, Ina Invest acquired and registered an additional property with a current market value of over CHF 60 million, annual rental income of CHF 2 million and development potential. As a result, Ina Invest has already exceeded its acquisition target for 2021. Title will be transferred in the second half of the year, the purchase has therefore not yet been recognised in the income statement for the first half.
The real estate projects currently underway, Tender and Elefant in Winterthur as well as Baselink in Allschwil, are on schedule. Marketing of the Tender complex in the Lokstadt area, which started with the first sales in 2020 has developed extremely successfully with further sales and reservations. Meanwhile, 31 out of 39 apartments have already been sold or reserved, which corresponds to 80% of the market value of the project. Completion is scheduled for the second quarter of 2023.
The projects under development are also progressing as planned. The first stage of the urban competition for the site development on the Unterfeld in Baar, in which Ina Invest is involved with an innovative commercial building and a sustainable residential complex (stage 2), has been completed. The jury has also made its decision for the 'Tivoli' project in Neuchâtel, with winning designs from Localarchitecture from Lausanne (construction site 2) and Lopez & Périnet-Marquet Architects from Geneva (construction site 4). A vibrant urban neighbourhood for young and old will be created on the former industrial site, featuring apartments, spaces to work and areas for restaurants, bars and culture. Both in real estate development and execution, Ina Invest has retained its lean operating structure so that it can act rapidly and agilely. Close partnerships such as the collaboration with Implenia are another factor in the company's success.
Ambitious plans for growth In addition to developing its existing portfolio, Ina Invest is pursuing its ambitious plans for growth and although it has already achieved its target for acquisitions for 2021, it will be examining attractive, value-generating opportunities for acquisitions in the next half-year. People are always at the heart of what we do: With sustainable, hybrid real estate, Ina Invest is creating high-quality and inspiring spaces for them to live, work and relax in. In this way, the company aims to actively shape tomorrow's environmentally conscious, cross-generational living and encourage social diversity.
The 2021 Half-Year Report can be found at: https://report.ina-invest.com/en/2021-hy
Online participation in the media and analysts conference on 13 August 2021 at 09:00: https://www.webcast-eqs.com/inainvest20210813 Contact for investors and analysts Marc Pointet, CEO T +41 44 552 97 17
Contact for the Media Corporate Communications T +41 44 552 97 27 Ina Invest is a Swiss real estate company created through the spin-off of half of the Implenia development portfolio. Ina Invest will develop the existing portfolio to build on existing properties, but will also continue to make further acquisitions to maintain an above-average development ratio. Real estate throughout Switzerland is generally of high quality in terms of location and can also be used in a variety of ways, with a focus on residential property. Ina Invest plans to further invest in and grow its portfolio. Through its transparent collaboration with Implenia, Ina Invest benefits from the expertise of the leading Swiss construction and real estate service provider. Ina Invest achieves the highest sustainability standards in the development and management of its portfolio by taking a holistic approach to sustainability across all parts of the value chain. The company is listed on the SIX Swiss Exchange (INA, CH0524026959). Further information available at ina-invest.com. End of ad hoc announcement |
| Language: | English |
| Company: | Ina Invest Holding AG |
| Binzmühlestrasse 11 | |
| 8050 Zurich | |
| Switzerland | |
| Phone: | 044 552 97 00 |
| E-mail: | info@ina-invest.com |
| Internet: | www.ina-invest.com |
| ISIN: | CH0524026959 |
| Valor: | 52402695 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1226266 |
| End of Announcement | EQS Group News Service |
|
|
1226266 13-Aug-2021 CET/CEST
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.