Ina Invest Holding AG
Ina Invest 2020 Annual Report:
positive annual results exceed expectations
Ina Invest Holding AG / Key word(s): Annual Results
Zurich, 26 February 2021 – Having been listed on the SIX Swiss Exchange in June 2020, it was a successful first financial year for the Swiss real estate company Ina Invest in a dynamic market environment dominated by the Covid-19 pandemic. With a profit of CHF 3.9 million, Ina Invest exceeded its own expectations for the reporting year. The positive performance of its portfolio demonstrates how investments in sustainable real estate assets in key Swiss economic centres are still in demand. Profits associated with revaluation and acquisition were the main factors in the positive annual results. Successful first financial year with a positive performance by the portfolio Encouraging business performance: first acquisitions made Besides these acquisitions, which also come with initial rental income of around CHF 2 million per year before development, initial project financing on attractive terms has been secured with banks for the ongoing building projects. As a result, operating performance has made a substantial contribution to the positive annual results in just the first year. Current project developments on track The other project developments are also on track. In Baar, the Unterfeld development plan was accepted by a large majority of the electorate, and things are also moving forward in Geneva. The layout design for the planned residential developments in Onex has been approved. These projects can now enter the next phase. Outlook: plans for growth and implementation of an ambitious sustainability strategy Ina Invest is also working hard on its vision of maintaining and continuously developing the most sustainable real estate portfolio in Switzerland. ‘We believe in hybrid properties and are designing our portfolio to ensure that the properties adapt to demand and can be used for a variety of purposes,’ says CEO Marc Pointet. ‘We consistently put people at the heart of what we do and want to create diverse and inspiring spaces for them to live, work and spend their leisure time in.’ With the aim of undergoing its first GRESB1 benchmark assessment in 2021, Ina Invest will continue to push forward with implementing its ambitious sustainability strategy. The company sees sustainability as not only an economic, environmental and social necessity but also as a driver of innovation and a key distinguishing feature of its portfolio: sustainability is in Ina Invest’s DNA. As already communicated, Ina Invest does not plan to distribute any dividends for the year 2020 The 2020 Annual Report can be found at: https://report.ina-invest.com/2020/ Online participation in the media and analysts conference at 09:00: 1GRESB is the leading analysis system for measuring the sustainability performance of real estate companies and real estate funds. The GRESB Score is calculated by assessing seven different aspects, based on weightings, and makes a significant contribution to improving the transparency of the real estate industry in terms of sustainability. Contact for investors Contact for media: Ina Invest is a Swiss real estate company created from the spin-off of half of Implenia’s development portfolio. Ina Invest is developing this initial set of projects in order to build up a portfolio of profitable properties, while continuing to make acquisitions to secure future growth. The properties have a varied usage profile, with a primary focus on residential developments, and are in very good locations all over Switzerland. Ina Invest plans to continue investing in and growing its portfolio. Thanks to its transparent collaboration with Implenia, Ina Invest benefits from the expertise of Switzerland’s leading construction and real estate services provider. In the development and management of its portfolio, Ina Invest maintains the highest sustainability standards by taking a holistic view of the entire value chain and integrating sustainability across all phases. The company is listed on the SIX Swiss Exchange (INA, CH0524026959). More information can be found 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: | 1171369 |
End of Announcement | EQS Group News Service |