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    SPSN   CH0008038389

SWISS PRIME SITE AG

(SPSN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 09/27 07:27:05 am
93.025 CHF   +0.19%
01:36aSWISS PRIME SITE : Unit Secures Real Estate Asset Management License
MT
01:12aSWISS PRIME SITE : awarded FINMA licence
PU
01:01aSwiss Prime Site Solutions awarded FINMA licence
DJ
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Swiss Prime Site Solutions: ambitious goals and expansion of the product range

10/29/2020 | 01:05am EDT

Swiss Prime Site Solutions: ambitious goals and expansion of the product range

Real estate asset management is poised to become an essential pillar of the Swiss Prime Site Group. With substantial growth expected in this business segment, Swiss Prime Site Solutions is significantly expanding its product range. The company also has plans in place to start offering fund products in 2021.

Swiss Prime Site Solutions aims to further strengthen its existing market position in the field of real estate asset management & services and to expand these activities significantly in the years to come. Plans envision an increase in assets under management to some CHF 7 billion. The real estate asset manager is expected to generate an EBIT contribution of CHF 30 million by 2025, thereby compensating for the loss of operating income from the sold group company Tertianum.

Strong growth since launch

Swiss Prime Site Solutions has been managing the real estate portfolio of the Swiss Prime Investment Foundation since 2017. Since its launch, the total assets of the first investment group «SPIF Real Estate Switzerland» have grown profitably from CHF 0.4 billion to around CHF 2.4 billion (as of 30 September 2020) through successful acquisitions and development projects. Results in the third quarter of 2020 have likewise been encouraging. Two transactions to the tune of roughly CHF 160 million were successfully concluded. Moreover, the purchase of a unique property is imminent. The seventh issue was launched on 26 October and will continue through to 9 December 2020.

Expansion of the product range

Swiss Prime Site Solutions posted a promising start to the fourth quarter of 2020. The «SPIF Living+ Europe» investment group was launched on 1 October 2020. This new product invests in European real estate with various attractive residential uses. The product has a particular focus on the Senior Living segment. Student housing, service apartments, micro living and other segments provide diversification. The initial issue will run until 22 December 2020. Other investment groups attractive to pension funds will follow starting in 2021.

Structuring and development of fund products

In order to further expand the product base of Swiss Prime Site Solutions, a separate fund management company will be set up. The application for the requisite licence from FINMA is in the works. The fund products will commence in 2021. Plans are in place to make even more active use of existing synergies with Swiss Prime Site Immobilien. «We are looking forward to the challenges that lie ahead and are well equipped to accomplish our ambitious goals with our growing team», says Anastasius Tschopp, CEO Swiss Prime Site Solutions.




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Contact
Tensid EQS Ltd., Switzerland
www.tensid.ch


newsbox.ch
www.newsbox.ch


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cs@tensideqs.ch
+41 41 763 00 50
All news about SWISS PRIME SITE AG
01:36aSWISS PRIME SITE : Unit Secures Real Estate Asset Management License
MT
01:12aSWISS PRIME SITE : awarded FINMA licence
PU
01:01aSwiss Prime Site Solutions awarded FINMA licence
DJ
09/23SWISS PRIME SITE : Unit Wins Fund Management License From Swiss Financial Watchdog
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Analyst Recommendations on SWISS PRIME SITE AG
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Financials
Sales 2021 856 M 923 M 923 M
Net income 2021 427 M 460 M 460 M
Net Debt 2021 5 162 M 5 565 M 5 565 M
P/E ratio 2021 16,7x
Yield 2021 3,58%
Capitalization 7 054 M 7 623 M 7 605 M
EV / Sales 2021 14,3x
EV / Sales 2022 15,1x
Nbr of Employees 1 455
Free-Float 99,8%
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 92,85 CHF
Average target price 98,80 CHF
Spread / Average Target 6,41%
EPS Revisions
Managers and Directors
RenÚ Zahnd Chief Executive Officer
Markus Meier Chief Financial Officer
Ton BŘchner Chairman-Supervisory Board
Christopher Michael Chambers Member-Supervisory Board
Mario F. Seris Vice Chairman-Supervisory Board