Real Estate in Switzerland

Real estate portfolio success hinges on:

• owner’s strategy
  • investment category
  • investment strategy
  • investment type
    • core investment
    • value-added investment
    • opportunistic investment
• timing
  • market cycle of the moment, expectations – the real estate clock, in other words
  • length of ownership period
• real estate characteristics
  • open spectrum, undesirable types of use
  • exploitation of special circumstances
    • low-quality properties in need of good management
      • vacant properties
      • auction properties
    • point in building life cycle
    • use-change property
      • from rental apartments into owner-occupied apartments / condos
      • change from office to residential space
      • change from hotels to other uses
  • conversion to multi-usage
  • demand analysis
  • benchmarking
  • performance index
• location
  • city / suburban
  • preferred location
    • A locations
    • B locations
  • diversified locations
    • regional
    • national
• specification
  • investment per property
    • minimum
    • maximum
  • minimum area
  • minimum yield
• ratio of equity to debt
  • equity capital
    • high (investment-driven)
    • low
  • debt financing
    • high (leverage-driven)
    • low
  • long or short-term financing
  • return on capital
  • depreciation level and amount
  • interest-rate and currency hedges
  • private equity
  • multiple banks or other lenders
• use strategy
  • tenant target group/quality
  • occupancy rate
  • tenancy profile – current, potential
  • rental agreement optimization
  • rental risks
• management strategy
  • self-managed or outsourced facility management
  • self-managed or outsourced to property management company
• period of ownership
  • limited or unlimited
  • exit strategies
• fiscal strategy
  • legal entity
  • property
  • property tax, period of ownership
• exit strategies