Swiss Prime Site

Swiss Prime Site AG
Company typeJoint-stock company
SIX: SPSN
SMI MID component
IndustryReal estate
FoundedMay 11, 1999; 25 years ago (1999-05-11)
FoundersCredit Suisse, Siemens, Winterthur Group
Headquarters
Zug
,
Switzerland
Key people
CEO:
René Zahnd
Chairman:
Ton Buechner
Number of employees
764 (2023)
Websitesps.swiss/en

Swiss Prime Site AG is one of the largest listed real estate companies in Europe.[1] The fair value of the real estate under management is around CHF 26 billion.[2] The portfolio of the company's own real estate has a value of around CHF 13 billion and consists primarily of commercial and retail properties in the most important Swiss metropolitan regions of the Central Plateau. In addition to the real estate investments, the Group companies Swiss Prime Site Solutions and Jelmoli make up the Services segment.

History

The company was founded in 1999 by the pension funds of Credit Suisse and Siemens Switzerland and the then Winterthur Life (now Axa). Swiss Prime Site was listed on the SIX Swiss Exchange in April 2000. At the time, the real estate portfolio had a value of around CHF 500 million.[3]

In 2001, Swiss Prime Site bought a portfolio of office buildings from Swisscom.[4] In 2003, it acquired the Frey Group and in 2004 Maag Holding AG. In 2009, the takeover of the stock listed Jelmoli Holding AG took place. In October 2012, Swiss Prime Site acquired Wincasa AG,[5] a real estate service company in Switzerland, as well as the Tertianum Group.[6] In 2019 Swiss Prime Site announced the sale of the Tertianum Group.[7][8] At the end of 2021, Swiss Prime Site acquired the Akara Group to strengthen the Services segment.[9] In March 2023, the sale of Wincasa to Implenia was announced.[10]

Real Estate

Completed construction projects: Espace Tourbillon Genf,[11] Basler Messeturm,[12] Opus Zug,[13] the PostFinance Arena and Schönburg in Bern[14] YOND , Sihlcity in Zürich and Roter Turm in Winterthur.[15] as well as the Prime Tower with the Clouds restaurant and its neighboring building. The Prime Tower on the Maag site in Zürich West, is with its total of 126 meters, one of the tallest office buildings in Switzerland.[16][17]

Real Estate Asset Management

Swiss Prime Site Solutions manages assets.[18]

Management

The management consists of René Zahnd (CEO since 2016), Marcel Kucher (CFO since 2021) and Anastasius Tschopp (CEO Swiss Prime Site Solutions since 2018).

References

  1. ^ "Quarterly Review - Global Property Research". www.globalpropertyresearch.com. Retrieved 2022-10-04.
  2. ^ "Swiss Prime Site completes acquisition of the real estate asset manager Fundamenta Group". sps.swiss.
  3. ^ "Development History 1999". Swiss Prime. Retrieved 16 December 2017.
  4. ^ "Development History 2001". Swiss Prime. Retrieved 16 December 2017.
  5. ^ "Swiss Prime Site übernimmt CS-Tochter". Handelszeitung Ringier Axel Springer Schweiz. Retrieved 16 December 2017.
  6. ^ "Development History". Swiss Prime. Retrieved 16 December 2017.
  7. ^ "Swiss Prime Site: Annual General Meeting approves all Board recommendations". Markt Puls. 24 March 2020. Retrieved 26 January 2021.
  8. ^ "Swiss Prime Site sells the Tertianum Group to Capvis". capvis. 13 December 2019. Retrieved 26 January 2021.
  9. ^ "Swiss Prime Site: Akquisition der Akara-Gruppe in Zug". IMMOBILIEN Business. 2021-12-16. Retrieved 2022-06-17.
  10. ^ Triebe, Benjamin. "Implenia: Baukonzern kauft Wincasa von Swiss Prime Site". Neue Zürcher Zeitung (in Swiss High German). Retrieved 2023-05-05.
  11. ^ Hern, Miguel; ez (12 May 2022). "Le projet social Tourbillon inauguré à Plan-les-Ouates" (in French). Retrieved 2022-06-27.
  12. ^ "Messeturm überzeugt durch Ausstrahlung und funktionales Konzept" (PDF). Swiss Prime Site. Retrieved 16 December 2017.
  13. ^ Markus Graf. "Projektentwicklungenim Vormarsch". Private. Retrieved 15 January 2021.
  14. ^ "PostFinance Arena Bern / Neubau". ASP Architekten. Retrieved 15 January 2021.
  15. ^ Radovan Milanovic (19 May 2008). "Markus Graf, CEO Swiss Prime Site AG". Moneycab. Retrieved 15 January 2021.
  16. ^ "Swiss Prime Site AG : Official inauguration of Prime Tower". Market Screener. 6 December 2011. Retrieved 18 January 2021.
  17. ^ "Hochhaus-Kompetenz" (PDF). Prime Tower. 6 December 2011. Retrieved 18 January 2021.
  18. ^ "Swiss Prime Site Solutions erhält Finma-Lizenz als Fondsleitung". Finanz und Wirtschaft (in German). 23 September 2021. Retrieved 2023-05-05.