The portfolio of Investis Properties consists predominantly of residential properties located in the Lake Geneva region.
Investis has developed its Properties business line over more than 20 years. It generated revenues of CHF 47.5 million and an operating profit (EBIT) of CHF 58.0 million during 2017.
FOCUSED ON THE LAKE GENEVA REGION
Within the Properties business segment, investing is the main activity. This consists of the ownership and development of a residential property portfolio focused on the Lake Geneva region.
The portfolio is mainly located within the Cantons of Geneva, Vaud and, to a smaller extent, Valais. In the Cantons of Geneva and Vaud, the majority of buildings are clustered around Geneva and Lausanne.
MAINLY RESIDENTIAL PROPERTIES
Based on market value and main use, 88% of the properties are used for residential purposes and 12% for commercial purposes.
The following graphs depict the geographical distribution and main use of the properties:
The portfolio was valued at CHF 1,121 million as at 31 December 2017 and consists of 2,508 middle-income residential units in 139 buildings. Detailed information on the properties is available on the Company website as well as under the property portfolio in this annual report.
Investis carries out opportunistic developments aimed at high returns on sales. To this end, Investis selectively purchases the land, obtains the necessary construction permits, develops the properties and subsequently rents or sells them.
The Serviced Apartments activity consists of the operation of 79 serviced apartments under the OMI Residences brand. The apartments are mainly located in the center of Geneva.