The portfolio of Investis Properties consists predominantly of residential properties located in the Lake Geneva region
Rue du Nant 30, Geneva
Investis has developed its Properties business line over 25 years. It generated revenues of CHF 57.0 million and an operating profit (EBIT) of CHF 102.5 million in 2019.
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 the cities of Geneva and Lausanne.
Investment PROPERTIES — mainly RESIDENTIAL
Based on market value and main use, 91% of the properties are used for residential purposes and 9% for commercial purposes.
The following graphs depict the geographical distribution and main use of the investment properties:
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. Currently two developments are under construction and four development properties are held for sale.
The Serviced Apartments activity consists of the operation of 88 serviced apartments under the OMI Residences brand. The apartments are mainly located in the center of Geneva.
The portfolio was valued at CHF 1,438 million as at 31 December 2019 and consists of 3,049 middle-income residential units in 170 buildings as well as six projects. The apartments are mostly in the mid-price segment in the Lake Geneva region.
Detailed information on the properties is available on the Company website or under the property portfolio in this annual report.