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Investis Holding SA — M&A Activity 2024
Jul 24, 2024
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M&A Activity
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INVESTIS Holding SA / Key word(s): Miscellaneous
Investis announces completion of the announced property acquisitions – further purchases have been signed
24.07.2024 / 07:00 CET/CEST
- Successful completion of the first part of the portfolio expansion
- Properties complement portfolio
- Further acquisitions already signed
The five signed property acquisitions mentioned in the 24 June press release have been completed successfully. The total purchase price amounts to CHF 201 million (gross rental income CHF 12.5 million).
Purchase agreements have also been signed for two additional residential properties with a purchase price of CHF 15.8 million (gross rental income CHF 0.7 million). One purchase agreement has already been finalised. The second is expected to be closed in the coming weeks.
Even after these additional purchases, the LTV remains below the previous year’s level (26% as at 31.12.2023).
Stéphane Bonvin, CEO: “These properties are an excellent addition to our portfolio. As part of this optimisation and following the sale of our services business, we are further consolidating our real estate portfolio with a strong equity base”.
End of Media Release
| Language: | English |
| Company: | INVESTIS Holding SA |
| Neumühlequai 6 | |
| 8001 Zürich | |
| Switzerland | |
| Phone: | +41 58 201 7242 |
| E-mail: | [email protected] |
| ISIN: | CH0325094297 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1952515 |
| End of News | EQS News Service |
1952515 24.07.2024 CET/CEST