EQS Group-Ad-hoc: Ina Invest Holding AG / Key word(s): Half Year Results/Half Year Results
Ina Invest Half-Year Report: Successful IPO lays foundation for Switzerland's most sustainable real estate portfolio
19-Aug-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Press release
Ina Invest Half-Year Report: Successful IPO lays foundation for Switzerland's most sustainable real estate portfolio
Successful IPO with market capitalisation of CHF 215 million on 12 June 2020. Sustainable real estate portfolio with great upside value potential performs positively as planned. Successful pre-marketing of Tender high-rise. Ground-breaking ceremony for the Elefant building imminent.
Zurich, 19 August 2020 - On 12 June 2020, Ina Invest Holding Ltd. opened the SIX Swiss Exchange's 2020 IPO season with its successful offering. The new property company, with its strategic focus on sustainability, met great interest from existing Implenia shareholders and new investors.
Today's interim report shows a balanced result before one-time transaction costs from the IPO, thanks in part to initial changes in value of CHF 541,000.
First milestones in development of real estate portfolio
Currently, the main focuses of the development portfolio are the Tender and Elefant projects on the Lokstadt site in Winterthur. The Tender is a 10-storey high-rise building with 82 owner-occupied apartments in total, 39 of which form part of the Ina Invest portfolio, and a commercial unit. Pre-marketing started in July and more than 40% of the apartments have already been reserved. The Elefant building complex will include space for offices and services. The development combines the site's historic industrial architecture with modern, multi-functional and generously designed work environments. The Elefant has already been fully let to SWICA even though the official ground-breaking ceremony isn't planned till October 2020.
The good progress made by these two projects can be seen as the company's first successful milestone. It shows that Ina Invest is well placed in terms of both its strategy and its real estate portfolio.
Attractive and well-diversified portfolio
Ina Invest has a forward-looking real estate portfolio with a current development ratio of 100%. The portfolio is well diversified regionally, with properties in attractive locations, and it includes an interesting mix of usage, with a 50% residential share. As a consequence, it has plenty of upside value potential. Its diversified portfolio, operational excellence and lean fixed cost base give Ina Invest an attractive risk profile. This is also reflected in its interim results.
Outlook
Ina Invest's main focus for the immediate future is to continue the successful marketing of the Tender project, which starts officially for the general public on 1 September 2020. In addition, further investment opportunities that align with Ina Invest's strategy are being evaluated.
Ina Invest's central priorities are people and the needs of today's and future generations. On this basis, Ina Invest is following the highest environmental principles as it develops, realises and operates the most sustainable real estate portfolio in Switzerland.
The half-year report can be found at: www.ina-invest.com/en/investors/annual-report
Contact for investors
Marc Pointet, CEO
T +41 44 552 97 17
investors@ina-invest.com
Contact for media:
Corporate Communications
T +41 44 552 97 27
communications@ina-invest.com
| Ina Invest is a new 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 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. |
INA INVEST AG 
