Swiss Prime Site (SPS) reports solid results for the first half of 2021

7th September 2021
-IAM, News

Daniel Pfund, Senior Financial Analyst

Swiss Prime Site closed the first half of 2021 with strong results, despite another multi-month lockdown in the first quarter. Transaction and rental markets are starting to regain their footing, demand for space is accelerating, and there are clear signs that social life is returning to normal. The core real estate business has benefited from this upturn and has performed very well in the first half of 2021. In the services segment, with the Swiss Prime Site Solutions Group companies, Wincasa and Jelmoli, the challenges of the pandemic were greater. It is therefore all the more pleasing that the Group companies were able to make progress and exceed the previous year’s figures (in some cases significantly).

Adjusted for real estate revaluations and the sale of Tertianum (February 2020), the operating result increased by 36.6% compared to the same period last year. The vacancy rate decreased from 5.1% to 4.7% and SPS expects this rate to remain stable for the second half of the year.