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Media Release

HIAG is Looking Back on a Gratifying First Half of 2017 

  • Property income grew by 5.0% to CHF 27.4 million
  • Net income rose by 12.7% to CHF 24.4 million
  • Result per share increased by 12.2% to CHF 3.0
  • Strong equity ratio of 53.5%
  • Real estate portfolio worth CHF 1.25 billion
  • Average lease term increased to 5.5 years
  • Average interest rate extended to 4.0 years
  • Successful development of HIAG Data

Basel, 4 September 2017 – In the first half of 2017, HIAG was able to increase collected property income by 5.0% to CHF 27.4 million compared to the previous year (30.06.2016: CHF 26.1 million) and earnings per share by 12.2% to CHF 3.03 (30.06.2016: CHF 2.70). Non-recurring income of CHF 6.5 million was recorded from the sale of production machinery in Biberist. HIAG Data was able to successfully launch additional products in the first half of the year and forged ahead building the business as planned.

 

HIAG stays the course 

In the first six months of the 2017 business year, HIAG increased collected property income compared to the first semester of the previous year by 5.0% to CHF 27.4 million (30.06.2016: CHF 26.1 million) and annualised property income also grew by 0.7% to CHF 54.6 million (31.12.2016: CHF 54.2 million). Like for like – adjusted for the impact of the acquisition of Village 52 SA in Yverdon in September 2016 – the increase in collected property income was 2.1% compared to the previous year. At CHF 24.4 million (30.06.2016: CHF 21.6 million), net income exceeded the reference value from the previous year by 12.7%. The sale of production machinery in Biberist contributed non-recurring income of CHF 6.5 million to this increase. In the first half of 2017, revaluation effects amounted to CHF 10.8 million (30.06.2016: 7.4 million). The average weighted discount rate for the overall portfolio decreased slightly towards the end of the semester to 4.42% (31.12.2016: 4.44%). At the end of June, the overall portfolio was composed of 113 properties and was valued at CHF 1.25 billion (31.12.2016: 1.24 billion) as at the reporting date.

 

Solid financing structure

HIAG Immobilien Holding AG successfully issued its third fixed-rate bond at the end of May 2017. The CHF 150 million bond had a coupon of 0.80% and a maturity of five years. The cash inflow made it possible to repay bank loans and to extend the weighted maturity from 3.1 years to 4.0 years. At the same time, the average interest rate for financial liabilities dropped to 0.96% (30.06.2016: 1.03%). As at 30 June 2017, the loan to value ratio (LTV ratio) was 36.8% (31.12.2016: 36.2%). After the pay-out of CHF 28.9 million in dividends (CHF 3.60 per share entitled to receive dividends), HIAG Immobilien Holding AG still disposed of a strong equity ratio of 53.5% (31.12.2016: 54.7%) or 58.8% (31.12.2016: 59.8%) on an EPRA basis.

 

Successful leasing activities

In the first half of 2017, the vacancy rate in the overall portfolio decreased to 15.1% (31.12.2016: 15.3%) thanks to new leases in Füllinsdorf, Cham and Biberist. The net return on the yielding portfolio was 5.4% (31.12.2016: 5.5%). Furthermore, important rental contracts with Media Markt and Baoshida among others were renegotiated and extended. The weighted average lease term (WALT) rose accordingly to 5.5 years (31.12.2016: 5.2 years).

 

Redevelopment progress in Biberist, Cham and Meyrin and an attractive addition to the portfolio

The new office building in Meyrin was handed over to Hewlett Packard Enterprise and HP Inc. in June 2017. The project exceeded expectations thanks to the handover only 18 months after the building permit was granted, while costs remained below budget, and Hewlett Packard employees expressed their full approval. The ten-year rental contract with the anchor tenant Hewlett Packard Enterprise at “The Hive” site in Meyrin for areas within the existing building, which dates back to 1968, is equally gratifying, as it seamlessly continues the development of the site as an IT cluster. Due to the successful apartment sales in “The Cloud” project in Baar (sale level of 89%) and in “Feinspinnerei” in Windisch (sale level of 59%), the residential portion including mixed use properties has dropped to 20.3%. With the ground breakings which took place in the summer at the “Walzmühle” site in Frauenfeld and within the “On Your Marks” project in Cham, developments were initiated at these sites in which about 340 rental units will be built, further increasing the proportion of apartments in the portfolio to approximately one third. Following the sale of “paper machine 9”, approximately 28‘000 m² of additional usable area will be freed up in Biberist by mid-2018, which can be made available for a new use in the medium term.

 

As at the reporting date, HIAG’s redevelopment portfolio was composed of roughly 50 projects, which comprise approximately 625‘000 m² of usable area and represent an expected investment volume of about CHF 1.8 billion. 14 of these redevelopment projects with a usable area of about 78‘000 m² and an investment volume of approximately CHF 260 million should be tackled in the next three years. After the reporting date, on 31 July 2017 HIAG expanded the portfolio with the Uhlmann-Eyraud site, which is close to the existing site in Meyrin and in the immediate vicinity of the Meyrin train station. The Meyrin train station will be developed in the coming years as part of the completion of the “Léman Express”, and will create at the site in a time frame of about ten years new development potential.

 

Cloud infrastructure meets considerable client need

In the first half of 2017, HIAG Data commenced operation of a Switzerland-wide fibre optic network as planned. Via the client Smart Linth Region, the Glarner Kantonalbank has been able to significantly accelerate access to its core applications since May 2017. Successful Proofs of Concept (PoCs) for branch solutions in the health and media sectors have been established for potential national and international clients. On this basis, the partnership with Microsoft and Noser has been deepened and completed with joint marketing efforts. In cooperation with Microsoft and Noser, HIAG Data will soon be able to offer its cloud infrastructure in the media sector to German radio and television stations. In Biberist, the second step of the data centre extension is currently being carried out, and the launch of a portal is planned for the end of 2017. This portal will allow for automated accessibility to the cloud infrastructure and integration of branch-specific solutions.

 

Future prospects

In the second half of 2017, HIAG expects some course changes related to anchor users and redevelopment steps. In particular, the Management Board is confident that with the Faro Foundation (www.stiftung-faro.ch), it has found a subsequent user for the recruiting centre at the site in Windisch. The Faro Foundation plans to use the entire complex for long term assisted living after the recruiting centre moves out in April 2018. In addition, negotiations are already under way with tenants for the rental agreement that will be terminated with Athleticum starting at the end of August 2018. HIAG sees this development as confirmation that sustainable site redevelopment succeeds in achieving qualities that also allow for successful sales of user-specific objects.

The market reactions show that HIAG Data’s infrastructure offering is particularly attractive for service providers who accompany their customers on their way to the enterprise cloud. In addition to the potential that HIAG has recognised for the sale of its sites, HIAG continues to work with its partners on the development and sale of possible applications of the HIAG Data infrastructure offering.

 

Key figures

in CHF million (excluding key figures for shares)

S1 2017

S1 2016

Property income

27.4

26.1

Revaluation of properties (net)

10.8

7.4

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

32.8

24.0

Earnings before taxes (EBT) before revaluation of properties

18.7

14.2

Net income for the period

24.4

21.6

Earnings per share (EPS)

3.03

2.70

Earnings per share without revaluation

1.69

1.78

Earnings per share without revaluation including revaluation of promotion

1.50

1.95

 

 

 

in CHF million (excluding key figures for shares and indications in %)

30.06.2017

31.12.2016

Annualised property income

54.6

54.2

Cash and cash equivalents

66.3

62.8

Real estate properties

1'248.3

1'242.3

Shareholders' equity

724.7

729.1

Equity ratio in %

53.5%

54.7%

LTV ratio in %

36.8%

36.2%

Balance sheet total

1'354.4

1'334.1

Vacancy rate in %

15.1%

15.3%

NAV per outstanding share before deferred taxes

99.0

99.2

NAV per outstanding share after deferred taxes

90.2

90.7

 

2017 Half-Year Report

HIAG’s 2017 half-year report and presentation are available at www.hiag.com.

 

Invitation to the live webcast with conference call

Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present the 2017 half-year report and answer your questions as part of a live webcast with a conference call in German:

 

Date: 4 September 2017
Time: 10:00 am (CET)
Live webcast: https://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/20756/indexl.html

Dial-in numbers: 

+41 (0)58 310 50 00 (Europe) 

+44 (0)203 059 58 62 (UK) 

+1 (1)631 570 5613 (USA) 

Advance registration is not required. 

 

Webcast replay

A replay of the webcast will be available after the presentation via the following link:

https://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/20756/indexl.html

 

Agenda

Publication of the 2017 Annual Report

19 March 2018

Ordinary General Assembly 2018

19 April 2018

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Expands its Portfolio in Meyrin (GE)

Basel, 16 June 2017 - HIAG Immobilien Schweiz AG acquires a commercial site in Meyrin's strongly developing economic area. The site is situated directly opposite from the Meyrin train station, which is being further enhanced over the next two years with the extension of the CEVA suburban train (Léman Express), including a connection to the main railway station in Geneva. The site includes 10‘400 m2 with a usable area of around 9'700 m2. Annualised property income amounts to CHF 0.7 million, and 95% of the floor space is currently leased.

 

Regarding its location and HIAG's development pipeline, the site is a perfect strategic addition to HIAG's portfolio and its second redevelopment site in Meyrin. A redevelopment project is planned on the site over the next 10 years.

 

According to HIAG, the transaction is likely to be finalised within two months.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Signs Contract for the Sale of Paper and Finishing Machines

Basel, 8 May 2017 – At the end of April 2017, HIAG signed a contract for the sale of production line 9 at the Papieri site in Biberist (SO) for a high seven-figure amount. In addition to the paper and coating machine, this also includes many smaller pieces of equipment. Two cross-cutting machines were also sold. Following the approval of the master plan, the granting of a framework building permit and the ongoing discussions about a zoning review, another milestone has been reached in redevelopment of the site. “By selling the equipment, large-scale, practically new halls will be freed up starting from the middle of 2018, which can then be put to another use”, explained Michele Muccioli, site redeveloper and member of the HIAG Extended Executive Board.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Successfully Issues a CHF 150 Million Fixed-Rate Bond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OR FOR NON- "QUALIFIED INVESTORS" IN THE EUROPEAN ECONOMIC AREA (THE "EEA") OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 

 

Basel, 3 May 2017 – Today, HIAG Immobilien Holding AG successfully issued a third fixed-rate bond amounting to CHF 150 million with a coupon of 0.8% and a maturity of 5 years. The proceeds are to be used primarily for the repayment of bank financing. Thanks to this bond, HIAG will be able to further diversify its financing structure and benefit from the current attractive conditions on the capital market. 

 

Credit Suisse AG and Bank Vontobel AG are acting as Joint Lead Managers. Application for listing on the SIX Swiss Exchange will be requested.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Annual General Meeting of HIAG Immobilien Holding AG on 20 April 2017 - Shareholders Approve All Proposals of the Board of Directors

Basel, 20 April 2017 - 49 shareholders participated on 20 April 2017 at the “Zentralbau” of the “Walzmühle site in Frauenfeld in the Annual General Meeting of HIAG Immobilien Holding AG. In total, 6’403’094 shares respectively 82.85% of the shares with voting rights were represented.

 

The shareholders approved all proposals of the Board of Directors in particular the distribution of CHF 3.60 per share for the business year 2016 out of the capital contribution reserves. The cash payment is on 28 April 2017, ex-date on 25 April 2017.

 

All members of the Board of Directors were re-elected for a term of one year and Dr. Jvo Grundler was elected for a term of one year for the first time. Dr. Felix Grisard was confirmed as Chairman of the Board of Directors as well for a term until the end of the following Annual General Meeting. The Compensation Committee still comprises the Board Members Salome Grisard Varnholt and Dr. Walter Jakob.

 

Agenda 

Publication of the semi-annual report 2017

4 September 2017

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Signs a Ten-Year Rental Contract for Floor Space in Meyrin with Hewlett Packard Enterprise

Basel, 19 April 2017 - The site redeveloper HIAG has signed a rental contract with Hewlett Packard Enterprise (HPE) at “The Hive” site in Meyrin (GE). HPE rents 3‘500 m2 in a building constructed in 1968 that was already located at the site before HIAG began redevelopment. Approximately 40% of the building with about 8‘200 m2 of usable area has been rented. HIAG plans to extensively modernise the existing building fabric and building technology in the autumn of 2017 and invest about CHF 24 million in the transformation of the building. “This way, the building will meet the technical standard for new constructions for IT companies and will thus be well prepared for the future”, explained Yves Perrin, responsible site developer for HIAG. Delivery is planned for the first half of 2019. With the upcoming modernisation, the building will fit in perfectly with the surrounding “The Hive” site, which is already home to the EMEA headquarters of the companies HP Inc. and Hewlett Packard Enterprise along with a campus geared towards IT and high tech companies in a building that was newly created in 2016. Companies and organisations such as the European Organisation for Nuclear Research (CERN), Louis Vuitton, Chopard, Richemont and Fedex can be found in the neighbourhood. The spatial planning concept of “The Hive”, its dynamic environment, the proximity to the Geneva airport and the excellent accessibility by public transport make the site an attractive location for technology companies. 

 

For more information about “The Hive” site, see: www.thehive-gva.ch 

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG and Stadler Conclude a Building Rights Agreement for the Site in St. Margrethen

Basel, 4 April 2017 - HIAG Immobilien AG and Stadler Rail AG have concluded a building rights agreement for the approximately 70‘000 m2 site in St. Margrethen (SG) within the evaluation process. The building right will run until 31 December 2080 and includes the possibility of renewal. Thorsten Eberle, site developer and member of the HIAG Extended Executive Board, emphasised that this is a clear commitment to the Swiss workplace and to the region. The Economic Development Office of the canton of St. Gallen played a leading role in the arrangement. The building rights agreement depends on the legally binding re-zoning of the property as part of the industrial zone.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Successful 2016 Business Year for HIAG

  • Earnings before taxes and revaluation rose by 8.6%
  • Collected property income surpassed previous year by 2.4%
  • Annualised property income surpassed previous year by 5.4%
  • Net cash from promotion projects reached CHF 46.8 million
  • Real estate portfolio expanded to CHF 1.24 billion
  • Dividends per share rose to CHF 3.60

Basel, 20 March 2017 - HIAG continued on a successful course during the 2016 business year. Collected property income increased to CHF 52.4 million (2015 business year: CHF 51.2 million) and earnings before taxes and revaluation to CHF 30.7 million (CHF 28.3 million). During the reporting year, HIAG Data’s infrastructure platform was successfully launched with well-known anchor clients in the finance and healthcare fields. It was disclosed for the first time as the independent business unit “Infrastructure as a Service” (IaaS) in 2016. Thanks to the successful development of its business, at the general assembly on 20 April 2017, the Board of Directors of HIAG Immobilien Holding AG will be proposing a dividend of CHF 3.60 per share, i.e. about 3% higher than 2016 (2016: CHF 3.50). The dividends are to be paid out again in the form of a tax-free capital repayment for private individuals with their residence in Switzerland.

 

Rental income increased again

HIAG reported another increase in collected rental income in the 2016 business year. Property income rose by 2.4% to CHF 52.4 million (CHF 51.2 million) and annualised property income increased by 5.4% to 54.2 million. This corresponds to a 2.5% increase on a like-for-like basis prior to the acquisition of the site in Yverdon-les-Bains. Earnings (EBT) per share prior to revaluation grew by 8.1% to CHF 3.84 (CHF 3.54). At CHF 20.0 million, revaluation effects were about CHF 11.5 million lower than the previous year, with an unchanged discount rate of 4.44% (31 December 2015: CHF 31.5 million). Earnings on the EPRA (European Public Real Estate Association) basis increased by 8.0% compared to the previous year to CHF 30.5 million.

 

Financing structure optimised

At the end of May 2016, HIAG Immobilien Holding AG successfully issued a fixed-rate bond for CHF 115 million with a coupon of 1.00% and a maturity of 7 years. Due to the cash inflow, the weighted term could be extended by 1.9 years to 3.1 years with a consistently low average interest rate for financial liabilities of 1.1% (previously 1.0%). As at 31 December 2016, the loan to value ratio (LTV) was 36.2% (31 December 2015: 36.8%). As in the previous year, HIAG continues to have a solid equity ratio of 54.7% (31 December 2015: 54.4%), or 59.8% (31 December 2015: 59.2%) on an EPRA basis.

 

Higher quality of the portfolio structure 

Following the acquisition of the site in Yverdon-les-Bains, the yielding portfolio included usable area of about 350’000 m2. The vacancy rate in the overall portfolio decreased further and was 15.3% as at the reporting date (16.0%), or 15.2% on a comparable basis. The increase in the weighted remaining rental term to 5.2 years due to new developments and contract extensions was also very positive. This can be explained by new developments and contract extensions for an annualised property income of about CHF 4.0 million. The net return of the inventory portfolio rose to an attractive 5.52% (31 December 2015: 5.45%). As at the reporting date, the overall portfolio was composed of 112 properties that were valued at CHF 1.24 billion.

 

Successful site redevelopment

The project at the Biberist site reached another important milestone. After the framework building permit entered into force, the high-bay warehouse was recommissioned and the tenant has begun the lease agreement as agreed in the 2017 business year with annualised rental income of about CHF 1.0 million. In addition, the first two expansion phases for HIAG Data were also authorised in Biberist. The first step will be up and running in the first half of 2017, and the new data centre in the Walzenhalle with 2 MW of capacity should be ready for use by mid-2018. With the first hall and the new office building in Bremgarten, the first renovation phase of the headquarters for the building supplier Jeld-Wen has been largely completed. In Meyrin, the creation of the EMEA headquarters of HP Inc. and Hewlett Packard Enterprise is moving forward with no delays. The delivery of the new building, with a usable area of approximately 8‘300 m2, is planned for the third quarter of 2017. Since the building permits became legally valid during the reporting year for the Walzmühle building and the central building in Frauenfeld, the construction of 21 apartments and 1‘800 m2 of office and retail space is expected to begin there in the 2017 business year. At the Camembert site in Geneva’s Lancy district, an attractive temporary use for the centrally-located site adjacent to the Stade de Genève was found last spring with the opening of the Club Village du Soir.

 

Pipeline expanded further

The pipeline was expanded with attractive medium-term projects. Coop and Doka Schweiz AG signed long-term rental contracts with HIAG. The rental contracts with Coop for the Aathal site and with Doka Schweiz AG for the Niederhasli site have been contingently signed and are linked to legally valid building permits. In Niederhasli, the municipal council is also examining the upgrade of the site surrounding the train station, which would allow for dense residential use in the central area over a large part of the site. At the Cham Nord site, an attractive anchor tenant was gained with the construction of the private education and training building for elite athletes “On Your Marks”. The goal for obtaining the building permit is 2017. About 300 apartments could then be built within the same time frame. Sales of the promotion projects The Cloud in Baar and Feinspinnerei in Windisch are going according to plan. As at the reporting date, 83% of The Cloud and 52% of Project Feinspinnerei had been sold. In 2016 alone, CHF 46.8 million in net cash was generated at the two sites in Baar and Windisch with 60 apartments sold, and funds were freed up for future investments. As at the reporting date, the development portfolio contained 50 projects with approximately 639‘000 m2 of usable area. The expected investment volume is about CHF 1.8 billion. Nine of these development projects with a usable area of about 77‘000 m2 and an investment volume of approximately CHF 246.5 million should be tackled in the next three years.

 

From site infrastructure to digital infrastructure

Within the first six months following its launch, HIAG Data has managed to create important partnerships and gain new anchor clients. The fully scalable virtualisation, which until now was only operational on Open Cloud, will be extended to AZURE Cloud in the first six months of 2017 in association with Microsoft. With the private, efficient, high-bandwidth fibre optic network, HIAG Data will provide the fastest connection to the public AZURE Cloud in Switzerland and propose the most efficient AZURE offering in Switzerland with Swiss Cloud. The range of services will include an attractive offering in the data storage field and a billing module. HIAG Data will make its infrastructure offering available to cloud-based service providers and will not be entering the end-user market itself. In order to avoid bottlenecks in the development of its own areas and to remain flexible for the further development of its services, HIAG has entered into a partnership with the pan-European colocation provider InterXion. Today, HIAG Data counts Safe Swiss Cloud, Noser Engineering, itnetX, SBB and Glarner Kantonalbank among its anchor clients and partners, and it intends to present other joint projects at the official launch of the Digital Economic Forum in May 2017.

 

HIAG key figures

in CHF million (excluding key figures for shares)

31.12.2016

31.12.2015

Property income

52.4

51.2

Annualised property income

54.2

51.4

Revaluation of investment properties (net)

20.0

31.5

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

56.0

65.0

Earnings before taxes (EBT) and revaluation

30.7

28.3

Net income

46.4

59.5

Cash and cash equivalents

62.8

52.4

Real estate inventory

1‘242.3

1'224.0

Shareholders' Equity

729.1

708.7

Equity ratio

54.7%

54.4%

LTV ratio

36.2%

36.8%

Balance sheet total

1‘334.1

1'303.1

Cash flow from operating activities incl. sale of promotion

72.3

44.6

Vacancy rate in %

15.3%

16.0%

Earnings per share (EPS)

5.80

7.40

Earnings per share without revaluation

3.30

3.50

Earnings per share without revaluation including revaluation of promotion

3.60

4.30

Number of shares used to calculate earnings per share (in shares)

8'000‘787

8'000‘000

Payout per share (1)

3.60

3.50

Payout ratio in % (2)

100%

81%

Cash return in % (3)

3.44%

3.85%

NAV per outstanding share before deferred taxes

99.20

96.50

NAV per outstanding share after deferred taxes

90.70

88.60

Number of shares used to calculate NAV per share (in shares)

8'035‘885

8'000‘000

 

(1)Proposal at the ordinary General Assembly on 20 April 2017 for the 2016 business year: Payout from reserves from capital contributions 

(2)Payout per share with regard to earnings without revaluation including revaluation of promotion

(3)Payout per share with regard to the share price at the end of the period 

 

Dividend proposal

The Board of Directors will be requesting a dividend payout of CHF 3.60 per share at the General Assembly on 20 April 2017 for the 2016 business year. The payout will be made in the form of a tax-free capital repayment from reserves from capital contributions for private individuals with their residence in Switzerland. In terms of corporate profits without revaluation including revaluation of promotion, this payout corresponds to a payout ratio of 100%. The return on the share price was 3.44% as at the end of 2016.

 

Outlook

The high stock of land reserves in the portfolio allows HIAG to buy analytically and very selectively. This helps stabilise and protect the future earning capacity of the portfolio. With the planned completion of several building projects, HIAG aims to further increase property income in the 2017 business year. The existing promotion projects will also contribute additional funds to finance the pipeline in 2017. In addition, a significant revenue contribution is expected for the first time from the HIAG Data segment.

 

2016 Annual Report

HIAG’s 2016 Annual Report is available online at www.annualreport.hiag.com and the presentation is available at www.hiag.com.

 

Press conference

Martin Durchschlag, CEO, and Laurent Spindler, CFO, will present the results of the 2016 business year at a press conference on Monday, 20 March 2017 at 9 am (CET) in the auditorium of the SIX Swiss Exchange (1st floor), Selnaustrasse 30 in Zurich.

 

The presentation can be followed online via the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/18336/indexl.html 

After the presentation, a recording of the presentation will be available via the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/18336/indexl.html 

 

Ordinary General Assembly

The Ordinary General Assembly of HIAG Immobilien Holding AG will take place on 20 April 2017 at 10 am (doors open at 09:00) in the "Zentralbau" at the Walzmühle site in Frauenfeld. The invitation will be sent by mail to voting shareholders and published in the Swiss Official Gazette of Commerce (SHAB) as well as at www.hiag.com.

 

Agenda

Ordinary General Assembly 2017

20 April 2017

Publication of the 2017 half-year report

4 September 2017

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Strengthens its Management Team and Board of Directors

Basel, 15 March 2017 - The site redevelopment company HIAG will be strengthening its management team in May 2017. In addition to CEO Martin Durchschlag and CFO Laurent Spindler, Dr. Jvo Grundler (51) will be joining the Executive Board as General Counsel. The Board of Directors will also be nominating Jvo Grundler for election as its fifth member at the coming General Assembly on 20 April 2017.

 

Jvo Grundler most recently worked as General Counsel and Managing Partner of Legal Switzerland for EY Switzerland. He studied in St. Gallen and Cambridge, was admitted to the bar in 1993 and has more than 20 years of experience in legal consulting, particularly in the fields of M&A and capital market transactions. Jvo Grundler will continue to work for selected companies outside of HIAG.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Acquires Village 52 SA

Basel, 6 September 2016 – Village 52 SA owns the former production site of the listed company Leclanché in Yverdon-les-Bains (VD) with a surface area of approximately 19'800 m2 and a usable area of about 17'000 m2. The site consists of eleven buildings that were refurbished following the discontinuation of production, and is being used by a high-quality, diversified tenant base today. Annualised property income amounts to CHF 1.5 million, and 82% of the space floor is currently leased. The site is situated next to the highway A5 connection, close to the centre of Yverdon-les-Bains, and is perfectly accessible by public transport. With its structure and location, the site ideally complements HIAG Immobilien's portfolio, allowing the company to further increase its presence in western Switzerland through this acquisition.

 

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Encouraging First Six Months for HIAG Immobilien

  • Property income rose by 3.8% to CHF 26.1 million
  • Net income of CHF 21.6 million
  • Earnings on an EPRA basis rose by 13.4% to CHF 14.4 million
  • Robust equity ratio of 54.6%
  • Real estate portfolio of CHF 1.2 billion
  • Average fixed interest rate prolonged to 3.1 years

Basel, 5 September 2016 - Looking back, the first six months of 2016 have been encouraging for HIAG Immobilien. Collected property income was up 3.8% to CHF 26.1 million compared to the same period last year (S1 2015: CHF 25.1 million) and earnings per share (prior to value adjustments and taking into account the value effects from promotion projects) rose by 23.4% to CHF 1.95 (30 June 2015: CHF 1.58). At the end of the first six months of 2016, HIAG Immobilien is on course for the intended dividend goal of 4.0% of NAV. In the second half of the year, HIAG Immobilien will expand its business activity to include HIAG Data, an IT infrastructure platform for IT service providers built on the HIAG site network that will set new standards in the Swiss market in terms of speed, reliability, security and scalability.

 

On target after the first six months

 

In the first six months of the 2016 business year, HIAG Immobilien increased collected property income by 3.8% to CHF 26.1 million compared to the first six months of the previous year (S1 2015: CHF 25.1 million) and annualised property income by 0.2% to CHF 51.5 million  (31 December 2015: CHF 51.4 million). At CHF 26.7 million (30 June 2015: CHF 26.2 million), operating income prior to revaluation surpassed that of the previous year by 1.8%. Net income amounted to CHF 21.6 million (CHF 24.2 million) and earnings on an EPRA (European Public Real Estate Association) basis rose by 13.7% to CHF 14.5 million compared to the previous year. Growth in earnings per share (prior to value adjustments and taking into account the value effects from promotion projects) was considerable, increasing by 23.4% to CHF 1.95 (30 June 2015: CHF 1.58). Revaluation amounted to CHF 7.4 million in the first six months of 2016 (30 June 2015: 15.2 million). The average weighted discount rate for the overall portfolio decreased slightly to 4.34% compared to the end of the last six months of the 2015 (31 December 2015: 4.44%). As two objects without strategic significance were sold in the first half of 2016, the overall portfolio was composed of 113 properties as at the end of June and was valued at CHF 1.2 billion as at the reporting date. With an after-tax return of 3.2%, HIAG Immobilien laid a solid foundation in the first six months and is on its target course for the intended dividend payout of 4.0% of NAV.

 

Optimised financing structure

 

At the end of May 2016, HIAG Immobilien Holding AG successfully issued a fixed-rate bond for CHF 115 million with a coupon of 1.00% and a maturity of 7 years. This injection of funds will primarily be used to repay bank financing and enables an extension of the weighted term by about 50% to 3.1 years with a consistently low average interest rate of 1.03% for financial liabilities. On 30 June 2016, the loan-to-value ratio (LTV) was 37.0% (31 December 2015: 36.8%). Following the payout of CHF 28 million in dividends (CHF 3.50 per share entitled to dividends), the equity ratio was slightly above that of the end of the 2015 business year at 54.6% (31 December 2015: 54.4%) or 59.5% (31 December 2015: 59.2%) on an EPRA basis.

 

Stable vacancy rate, successful project sales and new long-term rental contracts

 

At 15.9%, the vacancy rate in the overall portfolio decreased marginally in the first half of the year (31 December 2015: 16.0%). However, we managed to replace non-prolonged temporary rental contracts from the previous year with long-term rental contracts. The net return in the inventory portfolio rose by one percentage point to 5.5% (31 December 2015: 5.4%). In the first six months of 2016, the sales phase was largely completed at the Kunzareal site in Windisch, Aargau with 100% of project Stegbünt and 96% of Project Spinnerei III sold. The high quality positioning of the 29-condominium Project Feinspinnerei, 44% of which has already been sold, underscores the attractiveness of the site on the Reuss river, close to nature. 76% of the 99 condominium apartments at the project The Cloud in Baar, Zug have now been sold. Starting from the second half of 2016, a significant return on investment can be expected from this project. Long-term rental contracts were signed again with our long-standing partners Coop and Doka Schweiz. The rental contracts with Coop at the Aathal site in Zurich and with Doka Schweiz in Niederhasli, Zurich have been contingently signed and are linked to legally valid building permits. As the municipality of Niederhasli is currently examining the possibility of adding floors to a commercial zone to create a denser residential area, the time frame for the project for Doka Schweiz has yet to be determined.

 

Considerable development progress in Biberist, Cham and Meyrin

 

Since the framework building permit has become legally valid for Project Papieri in Biberist, Solothurn, the high-bay warehouse can now be refurbished and the rental contract signed last year with an annualised property income of approximately CHF 1.0 million can take effect starting from the end of 2016. The construction of approx. 8'000 m2 of office space for the EMEA headquarters of Hewlett Packard Enterprise and HP Inc. is proceeding as planned in Meyrin, Geneva, and the handover of the buildings is expected to take place in the third quarter of 2017. Now that a valuable anchor user for the quarter has been found at the Cham Nord site in Zug with the operator of a private education and training centre for elite athletes, the construction of about 200 apartments can now be tackled. The building permit for the project is targeted for 2017. Building permits for the Walzmühle site and the central building in Frauenfeld, Thurgau have already been issued. In Bremgarten, Aargau, where about 4'900 m2 of new industrial space and 2'500 m2 of office space are being built at the Swiss headquarters of Jeld-Wen, the worldwide leader in the door market, the first phase of development has been completed and the first hall handed over. The handover of the new office building is planned for October 2016. As at the reporting date, the HIAG Immobilien redevelopment portfolio was composed of roughly 50 projects, which comprise approximately 679‘000 m2 of usable area and represent an expected investment volume of about CHF 1.9 billion. Nine of these development projects with a usable area of about 37‘000 m2 and an investment volume of approximately CHF 83 million should be tackled in the next three years.

 

HIAG Group launches HIAG Data

 

Similarly to the provision of residential and commercial space at its sites, the HIAG Group's recent creation of HIAG Data aims to make a physical platform available to IT service providers throughout Switzerland in order to provide them with the best “location” to implement their cloud-based business models using the network of HIAG sites. HIAG Data is a fully owned subsidiary of HIAG Immobilien Holding AG that provides an intelligent IT infrastructure platform. This platform is composed of a carrier-independent fibre optic cable network throughout Switzerland, the anchor sites of Biberist, Menziken and Lugano in addition to IT infrastructure that allows for flexible scaling of computing and storage capacities based on open source technology and Microsoft Azure. The innovative IT infrastructure platform of HIAG Data will set new standards in Switzerland in terms of speed, reliability, security and scalability. HIAG's Executive Board believes that HIAG Data will considerably contribute to the consolidated result starting from the 2017 business year.

 

Future prospects

 

Due to the record-low interest rate environment, the demand for real estate investments remains high, especially from institutional investors. This has significant effects on transaction prices primarily in residential real estate, and thus on the evaluations of independent real estate appraisers. HIAG Immobilien expects that this situation will continue into the second half of 2016 and is keeping its focus on organic growth in the portfolio and a continuous increase in property income. Furthermore, opportunities arising from the currently attractive sales environment are also being pursued for non-strategic objects. Projects that allow for long-term portfolio development are also being examined routinely as part of the implementation of our strategy.

 

Key figures

 

in CHF million (excluding key figures for shares)

S1 2016

S1 2015

Property income

26.1

25.1

Revaluation of investment properties

7.4

15.2

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

24.0

30.4

Net income

21.6

24.2

Earnings per share (EPS)

2.70

3.02

Earnings per share without change of value

1.78

1.12

Earnings per share without change of value including change of value of promotion

1.95

1.58

 

 

 

in CHF million (excluding key figures for shares and in percent)

30.06.2016

31.12.2015

Annualised property income

51.5

51.4

Cash and cash equivalents

36.8

52.4

Real estate investments

1'226.7

1'224.1

Shareholders' equity

702.6

708.7

Equity ratio

54.6%

54.4%

LTV ratio

37.0%

36.8%

Balance sheet total

1'285.8

1'303.1

Vacancy rate in %

15.9%

16.0%

NAV per outstanding share before deferred taxes

95.7

96.5

NAV per outstanding share after deferred taxes

87.8

88.6

 

2016 semi-annual report

 

HIAG Immobilien’s report and presentation on the first six months of 2016 are available at www.hiag.com.

 

Invitation to the live webcast with conference call

 

Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present the semi-annual report and answer questions during a live webcast with a conference call in German:

 

Date: 5 September 2016
Time: 10:00 am (MEZ)
Live webcast: http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/15487/indexl.html

 

Dial-in number: 

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 5613 (USA)

 

Advance registration is not required. 

 

Webcast replay

 

The replay of the webcast will be available after the presentation via the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/15487/indexl.html

 

Agenda

 

Site visit in Bremgarten

26 October 2016

Publication of the 2016 annual report

20 March 2017

Ordinary General Assembly 2017       

20 April 2017

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Successfully Issues a CHF 115 Million Fixed-Rate Bond 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OR FOR NON- "QUALIFIED INVESTORS" IN THE EUROPEAN ECONOMIC AREA (THE "EEA") OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 

 

Basel, 31 May 2016 – Today, HIAG Immobilien Holding AG successfully issued a fixed-rate bond amounting to CHF 115 million with a coupon of 1.00% and a maturity of 7 years. The proceeds are to be used primarily for the repayment of bank financing. Thanks to this bond, HIAG Immobilien will be able to further diversify its financing structure and benefit from the current attractive conditions on the capital market. 

 

Credit Suisse AG and Bank Vontobel AG are acting as Joint Lead Managers. Application for listing on the SIX Swiss Exchange will be requested.

 

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Annual General Meeting of HIAG Immobilien on 19 April 2016 - Shareholders Approve All Proposals of the Board of Directors

Basel, 19 April 2016 - 43 shareholders participated on 19 April 2016 at the “SHED15” of the “Spinnerei Aathal” site in the Annual General Meeting of HIAG Immobilien Holding AG. In total, 6'956'235 shares respectively 91.62% of the shares with voting rights were represented.

 

The shareholders approved all proposals of the Board of Directors in particular the distribution of CHF 3.50 per share for the business year 2015 out of the capital contribution reserves. The cash payment is on 26 April 2016, ex-date on 21 April 2016.

 

All members of the Board of Directors were re-elected for a term of one year and Dr. Felix Grisard was confirmed as Chairman of the Board of Directors as well for a term until the end of the following Annual General Meeting. The Compensation Committee still comprises the Board Members Salome Grisard Varnholt and Dr. Walter Jakob.

 

Agenda 

Publication of the semi-annual report          

5 September 2016

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Continued on a Successful Course in the 2015 Business Year

  • Operating income prior to revaluation increased by 7.6%
  • Property income was up 5.2%
  • Net income rose to CHF 59.5 million
  • Earnings per share were CHF 7.4
  • Robust equity ratio of 54.4%
  • Return on equity at 8.8%
  • Real estate portfolio expanded to CHF 1.22 billion
  • Increase in tax-free dividends to CHF 3.50 per share from capital repayment

Basel, 21 March 2016 - HIAG Immobilien continued on its successful course during the first business year after the initial public offering. The Group increased property income to CHF 51.2 million (31 December 2014: CHF 48.7 million) and net income to CHF 59.5 million in 2015 (31 December 2014: CHF 50.4). Thanks to the continuing positive development of its business, at the Annual General Meeting on 19 April 2016, the Board of Directors of HIAG Immobilien Holding AG will be proposing a dividend of CHF 3.50 per share, amounting to a 6% increase (2014: CHF 3.30). The dividends are to be paid out in the form of a tax-free capital repayment for private individuals with their residence in Switzerland.

 

2015 annual results

Operating income prior to revaluation increased by CHF 3.8 million or 7.6% to CHF 54.1 million (31 December 2014: CHF 50.2 million). Net income rose 18.0% to CHF 59.5 million, and reflected an attractive return on equity of 8.8%. Year-on-year collected property income increased by 5.2% to CHF 51.2 million (2014 business year: CHF 48.7 million) and annualised property income also grew by 3.2% to CHF 51.4 million (31 December 2014: CHF 49.8 million). The increase on a comparative basis (like for like) was 3.0%. Earnings per share were CHF 7.4 (31 December 2014: CHF 6.8) or CHF 4.3 without revaluation of properties excluding revaluation of promotion (31 December 2014: CHF 4.1).

Revaluation effects were higher than the previous year at CHF 31.5 million (31 December 2014: CHF 28.7 million). The average weighted discount rate decreased by 11 basis points to 4.66% in the yielding portfolio, or by 28 basis points to 4.35% in the overall portfolio, which accounts for about one third of the total revaluation effects of the business year. The real estate portfolio had been expanded to CHF 1.22 billion as at 31 December 2015, and included 115 properties as at the reporting date.

 

Successful refinancing by issuing a fixed-rate bond and a rock-solid balance sheet

The financing structure was diversified in the middle of the business year with the issuing of a fixed-rate bond amounting to CHF 100 million with a coupon of 1.0% and a maturity of 6 years. The average interest rate could thus be secured at about 1.0% (2014 business year: 1.0%). The average term for external financing increased at the same time from 1.7 years as at 31 December 2014 to 2.1 years as at 31 December 2015. The equity ratio as at the reporting date was unchanged at 54.4% (31 December 2014: 54.4%) or 59.2% (31 December 2014: 58.9%) on the EPRA (European Public Real Estate Association) basis. As at 31 December 2015, the loan to value ratio (LTV) was 36.8% (31 December 2014: 37.0%).

 

Reduction in vacancy rate

The vacancy rate decreased during the year under review and was 16.0% at the end of 2015 (31 December 2014: 18.0%). The reduction corresponded to about 60 basis points in the yielding portfolio to 11.1% (like for like 10.0%). HIAG Immobilien signed contracts with well-known new tenants during the reporting period. Among others, Tesla Motors opened its Store and Service Centre for Central Switzerland in Cham, Zug. Dunkin’ Donuts provides baked goods to its subsidiaries throughout Switzerland from the Spinnerei Aathal site. In addition, the canton of Neuchâtel concentrated its administrative activities at the HIAG Immobilien site in the capital of the canton. The net return in the yielding portfolio held steady at an attractive percentage rate of 5.4%.

 

Further strengthening of the redevelopment portfolio

In 2015, the redevelopment portfolio was expanded further with the acquisition of the Swissmetal site in Dornach in the canton of Solothurn and the realignment of the site in Meyrin in the canton of Geneva. As at the reporting date, four projects were under construction: In Meyrin, approximately 8'000 m2 of office space are being built for the EMEA headquarters of Hewlett Packard Enterprise and HP Inc. In Bremgarten, Aargau, approximately 4'900 m2 of new industrial space and approximately 2'500 m2 of office space are being built for Jeld-Wen, the worldwide leader in the door market. In Windisch, HIAG Immobilien is pressing forward with the Feinspinnerei Project with 29 condominium apartments on the Reuss river, and in Baar, Zug, The Cloud project with 99 condominium units will soon be completed. A total of 53 condominium units were sold here during the 2015 business year. In the overall portfolio sales of condominium projects including reservations as at 31 December 2015, as expected, were 98% at Stegbünt and 88% at Spinnerei III, both of which are in Windisch, 48% at The Cloud, and 10% at Feinspinnerei. As at the reporting date, the redevelopment portfolio included about 50 projects, which comprise approximately 679‘000 m2 of usable area and represent an expected investment volume of about CHF 1.9 billion. Nine of these development projects with a usable area of about 37‘000 m2 and an investment volume of about CHF 83 million should be tackled in the next three years.

 

HIAG Immobilien key figures

in CHF million (excluding key figures for shares)

31.12.2015

31.12.2014

Property income

51.2

48.7

Annualised property income

51.4

49.8

Revaluation of properties (net)

31.5

28.7

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

65.0

59.3

Net income

59.5

48.9

Net income prior to the non-recurring effects of the IPO in 2014

59.5

50.4

Cash and cash equivalents

52.4

62.1

Real estate inventory

1'224.0

1'151.1

Shareholders' equity

708.7

675.6

Equity ratio

54.4%

54.4%

LTV ratio

36.8%

37.0%

Balance sheet total

1'303.1

1'242.6

Cash flow from operating activities incl. sale of promotion

44.6

46.4

Vacancy rate in %

16.0%

18.0%

Earnings per share (EPS)

7.4

6.8

Earnings per share without revaluation

3.5

2.8

Earnings per share without revaluation including revaluation of promotion

4.3

4.1

Number of shares used to calculate earnings per share (in shares)

8'000‘000

7'362‘500

Payout per share (1)

3.50

3.30

Payout ratio in % (2)

80.75%

79.90%

Cash return in % (3)

3.85%

3.95%

NAV per outstanding share before deferred taxes

96.5

91.5

NAV per outstanding share after deferred taxes

88.6

84.5

Number of shares used to calculate NAV per share (in shares)

8'000‘000

8'000‘000

 

(1) Proposal at the Annual General Meeting on 19 April 2016 for the 2015 business year: Payout from reserves from capital contributions 

(2) Payout per share with regard to earnings without revaluation including revaluation of promotion

(3) Payout per share with regard to the share price at the end of the period 

 

Dividend proposal

The Board of Directors will propose to the Annual General Meeting as of 19 April 2016 a dividend of CHF 3.50 per share for the 2015 business year. The dividends are to be paid out in the form of a tax-free capital repayment from reserves from capital contributions for private individuals with their residence in Switzerland. In terms of corporate profits without revaluation including revaluation of promotion, this amount corresponds to a payout ratio of 80.75%. The cash yield with regard to the share price at the end of the period was 3.85%.

 

Market environment and future prospects

The 2015 business year was marked by the decision of the Swiss National Bank (SNB) in January 2015 to discontinuing the CHF/EUR floor. This decision led to massive upheaval in the equity markets and the slide of short-term interest rates into the negative range. There was also no sign of a quick and sustainable recovery of the situation in the interest rate market in the second half of the year, with demand for real estate investments remaining strong. This had significant effects on transaction prices primarily in residential real estate, and thus on the evaluations of independent real estate appraisers. HIAG Immobilien expects this situation to continue in 2016 and is therefore focusing on organic growth in the portfolio for the current business year, with the goal of further increasing property income.

 

2015 Annual Report

HIAG Immobilien's 2015 Annual Report is available online at www.annualreport.hiag.com and the presentation slides are available at www.hiag.com.

 

Press conference

Martin Durchschlag, CEO, and Laurent Spindler, CFO, will present the results of the 2015 business year at a press conference on 21 March 2016 at 10 am (CET) in the auditorium of the SIX Swiss Exchange (1st floor), Selnaustrasse 30, Zurich.

The presentation can be followed online via the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/14268/indexl.html#tab1

After the presentation, a recording of the presentation will be available via the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/14268/indexl.html#tab1

 

Annual General Meeting

HIAG Immobilien Holding AG’s Annual General Meeting will take place on 19 April 2016 at 10 am (doors open at 9:00 am) in “SHED15” at the “Spinnerei Aathal” site, Zürcherstrasse 15, 8607 Aathal-Seegräben. The invitation will be sent in due time by mail to voting shareholders and published in the Swiss Official Gazette of Commerce (SHAB) as well as at www.hiag.com.

 

Agenda

Annual General Meeting 2016

19 April 2016

Publication of the 2016 half-year report

5 September 2016

 

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Basel, 1 September 2015

HIAG Immobilien On Track with The First Half Of The Year

  • Property income increased by 7.4% to CHF 25.1 million
  • Operating income prior to revaluation increased by 9.0% to CHF 26.2 million 
  • Net income of CHF 24.2 million
  • Earnings per share of CHF 3.02
  • Equity ratio of 53.9%
  • Real estate portfolio of CHF 1.2 billion

In the first half of 2015, HIAG Immobilien generated CHF 24.2 million in earnings and was able to increase property income by 7.4%.

 

Solid increase in property income and operating income

The property income increased by 7.4% to CHF 25.1 million during the reporting period (CHF 23.4 million as at 30 June 2014). Annualised property income rose by 3.4% to CHF 51.5 million compared to 31 December 2014 (31 December 2014: CHF 49.8 million). The like for like increase was 3.1%. Earnings per share were CHF 3.02 (30 June 2014: CHF 3.44) or CHF 1.58 without revaluation including revaluation of promotion (30 June 2014: CHF 1.54).

Revaluation effects amounted to a total of CHF 15.2 million in the first half of the year (30 June 2014: CHF 16.2 million). The average weighted discount rate for the entire portfolio was 4.69% at the end of June 2015 (31 December 2014: 4.73%). Without revaluation effects, operating income increased by 9.0% to CHF 26.2 million (30. June 2014: CHF 24.0 million), which can be explained by further sales of assets in Biberist. The property portfolio was evaluated at CHF 1.2 billion as at 30 June 2015, and included 115 properties as at the reporting date.

 

Strong equity base

The Group has solid financing with an equity ratio of 53.9% (31 December 2014: 54.4%). On an EPRA (European Public Real Estate Association) basis, the equity ratio as at 30 June 2015 was 58.9% (31 December 2014: 58.9%). The loan-to-value ratio (LTV ratio) was 38.3% as at 30 June 2015 (31 December 2014: 37.0%). The average interest rate for financial liabilities was 1.04% during the reporting period (30 June 2014: 1.11%). On 29 April 2015, dividends of CHF 26.4 million were paid out from capital contribution reserves.

 

Further reduction in vacancy rates

The vacancy rate of the entire portfolio was reduced by 1.7% to 16.3% during the reporting period (31 December 2014: 18.0%). In the yielding portfolio, the vacancy rate decreased significantly in the first half of the year from 11.7% to 10.0%. The vacancy rate decreased from 33.8% to 33.0% for properties undergoing repositioning and from 24.9% to 22.2% for the development portfolio. Net return in the yielding portfolio remained attractive at 5.4% (31 December 2014: 5.4%).

 

Successful condominium sales

With regard to promotion projects, sales continue to be successful. Twenty-four apartments were sold and 12 reserved in the first half of the year. The net proceeds from condominium sales amounted to CHF 10.9 million (CHF 5.0 million as at 30 June 2014). At the project in Baar, 35% apartments were commercialized at the end of July 2015 and at the Spinnerei III project in Windisch only 9 lofts remain unsold. The Spinnerkönig rental property has been fully rented since the end of July 2015. Construction is scheduled to start in October 2015 for the Feinspinnerei project, which is currently in pre-sales.  

 

Development portfolio expanded

HIAG Immobilien will be creating the new building for the headquarters of JELD-WEN Schweiz in Bremgarten. In all, approximately 2‘500 m2 of office space and 4‘900 m2 of commercial space will be created in ongoing operations over a time period of two years. With this step, the rental agreement for the entire site was prolonged for another 12 years. 

Once the contractually designated conditions of execution were fulfilled, the site in Dornach was able to be transferred on 12 January 2015. With the acquisition of the approximately 130'000 m2 site, HIAG Immobilien took over a key redevelopment area for the greater Basel area, where a mixed use with a substantial residential part is planned in the long-term.

 

Events after the balance sheet date

On 3 June 2015, HIAG Immobilien Holding AG was able to successfully issue a fixed-rate bond for CHF 100 million with a coupon of 1.00% and a maturity of 6 years. Thanks to this bond, HIAG Immobilien will be able to diversify its financing structure and benefit from the attractive conditions of the capital market. Since the cash-inflow from this bond was received in July 2015, the transaction will be reported in the second half of the year. The proceeds are to be used primarily for the repayment of bank financing.

 

Future prospects

HIAG Immobilien expects that the cooling down of Swiss business activity will continue in the second half of 2015. However, the Management assumes that the demand for a high-quality real estate offer at attractive sites that are easy accessible by public transportation will continue to be supported by the domestic market as well as net immigration. The market for condominiums in particular should develop in a stable manner due to the attractive interest rate environment. With this in mind, HIAG Immobilien continues to aim for an increase in property income without acquisitions of approximately 4% and an increase in operating income (without revaluation and acquisitions) of approximately 6% for the 2015 business year. 

 

Key figures

in CHF million (excluding key figures for shares)

30.06.2015

30.06.2014

Property income

25.1

23.4

Revaluation of investment properties (net)

15.2

16.2

Earnings before interest, taxes, depreciation and amortization (EBITDA)

30.4

30.9

Net income

24.2

24.6

Net income prior to the non-recurring effects of the IPO

24.2

26.1

Earnings per share (EPS)

3.02

3.44

Earnings per share without revaluation

1.12

1.17

Earnings per share without revaluation including revaluation of promotion

1.58

1.54

in CHF million (excluding key figures for shares and percent)

30.06.2015

31.12.2014

Annualised property income

51.5

49.8

Cash and cash equivalents

26.4

62.1

Real estate 

1'196.1

1'151.1

Shareholders' equity

673.6

675.6

Equity ratio

53.9%

54.4%

LTV ratio

38.3%

37.0%

Balance sheet total

1'249.7

1'242.6

Vacancy rate in %

16.3%

18.0%

NAV per outstanding share before deferred taxes

92.2

91.6

NAV per outstanding share after deferred taxes

84.2

84.5

 

2015 Half-Year Report

HIAG Immobilien's 2015 Half-Year Report and presentation slides are available at www.hiag.com.

 

Invitation to the live webcast with conference call

Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present during a live webcast with conference call the half-year report in German and answer your questions: 

Date: 1 September 2015

Time: 10.00 a.m. (CET)

Live webcast: http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/12473/indexr.html  

Dial-in numbers: 

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 56 13 (USA)

Advance registration is not required. 

 

Webcast replay

The replay of the webcast can be found under the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/12473/indexr.html 

 

Agenda

Site Visit of "The Cloud"

23 October 2015

Publication of the 2015 Annual Report

21 March 2016

Ordinary General Assembly 2016

19 April 2016

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Successfully Issues a CHF 100 Million Fixed-Rate Bond 

Basel, 3. June 2015

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OR FOR NON-"QUALIFIED INVESTORS" IN THE EUROPEAN ECONOMIC AREA (THE "EEA") OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

 

Today, HIAG Immobilien Holding AG successfully issued a fixed-rate bond amounting to CHF 100 million with a coupon of 1.00% and a maturity of 6 years. The proceeds are to be used primarily for the repayment of bank financing. Thanks to this bond, HIAG Immobilien will be able to diversify its financing structure and benefit from attractive conditions on the capital market.

 

Credit Suisse AG and Bank Vontobel AG are acting as Joint Lead Managers. Application for listing on the SIX Swiss Exchange will be requested.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Annual General Meeting of HIAG Immobilien on 21 April 2015 - Shareholders Approve All Proposals of the Board of Directors

Basel, 21 April 2015 - 42 shareholders participated on 21 April 2015 at the Kunzareal in Windisch in the first Annual General Meeting of HIAG Immobilien Holding AG since its IPO in May 2014. In total, 6'867'015 shares respectively 92.91% of the share capital and the voting rights were represented.

 

The shareholders approved all proposals of the Board of Directors in particular the distribution of CHF 3.30 per share for the business year 2014 out of the capital contribution reserves. The cash payment is on 29 April 2015, ex-date on 27 April 2015.

 

All members of the Board of Directors were re-elected for a term of one year and Dr. Felix Grisard was confirmed as Chairman of the Board of Directors as well for a term until the end of the following Annual General Meeting. The Compensation Committee still comprises the Board Members Salome Grisard Varnholt and Dr. Walter Jakob.

 

Agenda

 

Publication of the semi-annual report          1 September 2015

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Increases Operative Income

  • Operating income without revaluation increased by 10.1%
  • Property income increased by 11.8%
  • Net income of CHF 50.4 million
  • Earnings per share of CHF 6.84
  • Equity ratio of 54.4%
  • Return on Equity 8.3%
  • Real estate portfolio expanded to CHF 1.15 billion
  • Tax-free dividends of CHF 3.30 per share from capital repayment 

Basel, 16 March 2015 - HIAG Immobilien achieved a positive net income of 50.4 million in the 2014 business year, in line with expectations. Taking into account the non-recurring effect from the IPO of a total of CHF 1.5 million, net income amounted to CHF 48.9 million. The high reference value from the previous year, CHF 77.9 million, was shaped by special evaluation effects (re-zoning and building permit). Bearing in mind the good 2014 business year and development in project sales that went according to plan, the Board of Directors will propose the payout of a dividend of CHF 3.30 per share at the General Assembly on 21 April 2015. The dividends are paid out in the form of a tax-free capital repayment for private individuals with residence in Switzerland.

 

2014 Result

 

The property income increased by 11.8% to CHF 48.7 million (2013 business year:  CHF 43.5 million). Annualised property income rose by 6.9% to CHF 49.8 million compared to the previous year (CHF 46.6 million). The like for like increase was 4.1%. Earnings per share were CHF 6.84 (31 December 2013: CHF 11.85), or CHF 4.13 (31 December 2013: CHF 6.53) without revaluation including revaluation of promotion.

At CHF 28.7 million, revaluation effects were, as expected, less than the previous year, which was shaped by special revaluation effects (re-zoning and building permit) in Baar. Operating income decreased accordingly to CHF 78.9 million. Without revaluation effects, operating income rose by 10.1%.

The property portfolio was evaluated at CHF 1.15 billion as at 31 December 2014, and included 115 properties as at the reporting date.

 

Solid equity base

 

The equity ratio was considerably reinforced by the listing of HIAG Immobilien shares on the Swiss stock exchange (SIX Swiss Exchange) on 16 May 2014, and amounted to 54.4% as at 31 December 2014 (31 December 2013: 45.3%) or 58.9% (31 December 2013: 53.7%) on the EPRA (European Public Real Estate Association) basis. The proceeds from the IPO amounting to a total of CHF 122.6 million were also used to pay back CHF 30 million in bridge financing and to push forward with transaction processes in Cham and Dornach (completion in January 2015). As at 31 December 2014, the loan-to-value ratio (LTV ratio) was 37.0% (31 December 2013: 45.8%) and the duration of financial liabilities was 2.1 years (31 December 2013: 1.3 years). The average interest rate for financial liabilities was 1.03% in the 2014 business year (2013 business year: 1.11%).

 

Reduction in vacancy rate

 

The vacancy rate decreased slightly during the period under review to 18.0% (31 December 2013: 18.5%). While vacancies in the redevelopment portfolio and in properties being repositioned were reduced, the vacancy rate in the yielding portfolio increased to 11.7%, as the completed Leuchtturm project and Spinnerkönig were transferred from the redevelopment portfolio to the yielding portfolio prior to full occupancy. In addition, three tenants in Kleindöttingen will be reducing their surface areas during the 2015 business year. The decrease amounts to CHF 0.7 million per year. Nevertheless, the net return in the yielding portfolio could be maintained at an attractive 5.4%.

 

Further strengthening of the redevelopment portfolio

 

In Cham, the site on the Lorze river gained significant room for redevelopment following the purchase of an area of 26‘231 m2. The increase in redevelopment potential by 200 apartment units and approximately 25‘000 m² of office and commercial space also supports the letting of the yielding properties in Cham. During the 2014 business year, the main focus of construction activities was at the Baar and Windisch sites. In Windisch, a lively residential quarter has been developed with the very advanced Spinnerei III and Spinnerkönig projects. The completion of the project in Baar is also on schedule with the authentication of the first apartments at the end of November 2014. 13 reservations could be transformed into sales 18 months before delivery. In Neuchâtel, important parts of the site were rented to the canton without interruption after rental contracts with the prior owners ran out. The first steps of site redevelopment were taken in Meyrin with the signing of a long-term rental contract with Hewlett Packard. As at the reporting date, the redevelopment portfolio included a total of 51 projects, which comprise approximately 653‘000 m² of usable area and represent an investment volume of about CHF 1.8 billion. 13 of these development projects with a usable area of about 75‘000 m² and an investment volume of approximately CHF 175 million should be tackled in the next three years.

 

Key figures

 

in CHF million (excluding key figures for shares)

31 Dec. 2014

31 Dec. 2013

Property income

48.7

43.5

Annualised property income

49.8

46.6

Revaluation of investment properties (net)

28.7

58.3

Earnings before interest, taxes, depreciation and amortization (EBITDA)

59.3

86.6

Net income

48.9

77.9

Net income prior to the non-recurring effects of the IPO

50.4

77.9

Cash and cash equivalents

62.1

18.9

Real estate properties

1'151.1

1'065.2

Shareholders' equity

675.6

503.3(1)

Equity ratio

54.4%

45.3%

LTV ratio

37.0%

45.8%

Balance sheet total

1'242.6

1'111.6

Funds from operating activities incl. sale of promotion

46.4

47.7

Vacancy rate in %

18.0%

18.5%

Earnings per share (EPS)

6.84

11.85

Earnings per share without revaluation

2.82

2.99

Earnings per share without revaluation including revaluation of promotion

4.13

6.53

Planned dividend per share (2)

3.30

-

Payout ratio in % (3)

79.90%

-

Cash Yield in % (4)

3.95%

-

NAV per outstanding share before deferred taxes

91.6

87.8

NAV per outstanding share after deferred taxes

84.5

79.9

 

(1) 10% Treasury shares

(2) Proposal at the Ordinary General Assembly on 21 April 2015 for the 2014 business year: Payout from reserves from capital contributions 

(3) Payout per share with regard to earnings without revaluation including revaluation of promotion

(4) Payout per share with regard to the share price at the end of the period

 

Dividend proposal

 

The Board of Directors will be requesting a payout of CHF 3.30 per share at the General Assembly on 21 April 2015 for the 2014 business year. The dividends are paid out in the form of a tax-free capital repayment from reserves from capital contributions for private individuals with their residence in Switzerland. Related to the earnings without revaluation including revaluation of promotion, this amount corresponds to a payout ratio of 79.9%. The cash yield with regard to the share price at the end of the period was 3.95%.

 

Events after the Balance Sheet date

 

As announced on 8 October 2014, HIAG Immobilien concluded an agreement with Weidenmetall AG, in liquidation with voluntary assignment (WAM), for the purchase of the approx. 130'000 m² site of Swissmetal. The property transfer took place after the fulfilment of the contractually designated conditions of execution.

 

Market environment and future prospects

 

2014 was marked by many regulatory interventions, which tended to have a depressing effect on the real estate market. Not least, continually high building activity led to the first cooling-off tendencies in the sub-segments of office and retail space, while demand for condominiums held steady due to the continually attractive interest rate environment.

The scrapping of the euro cap on 15 January 2015 had no direct effects on the HIAG Immobilien yielding portfolio. However, the Management assumes that the currency development could influence long-term investment decisions of export-oriented companies with high added value in Switzerland in the coming year. 

With this in mind, the redevelopment potential will become more important in the existing portfolio. The low interest rate environment and resulting flexibility in schedules make it possible to maximise value creation potential in site redevelopment.

For the 2015 business year, HIAG Immobilien is aiming for an 5% increase in operating income (without revaluation and without acquisitions) and an 4% increase in property income without acquisitions.

 

2014 Annual Report

 

HIAG Immobilien's 2014 Annual Report is available online at www.annualreport.hiag.com and the presentation slides are available at www.hiag.com.

 

Press conference

 

Martin Durchschlag, CEO, and Laurent Spindler, CFO, will present the results of the 2014 business year at HIAG Immobilien's press conference on the 2014 financial statements on Monday, 16 March 2015 at 10 am (CET) in the auditorium of the SIX Swiss Exchange (1st floor), Selnaustrasse 30, Zurich.

 

The presentation can be followed online via the following link:
http://services.choruscall.com/dataconf/productusers/hiag/mediaframe/10527/indexr.html
 

After the presentation, a recording of the presentation will be available via the following link:

http://services.choruscall.com/dataconf/productusers/hiag/mediaframe/10527/indexr.html

 

Ordinary General Assembly on 21 April 2015

 

The Ordinary General Assembly of HIAG Immobilien Holding AG will take place on 21 April 2015 at 10 am (doors open at 9:30 am) in Windisch (AG). The invitation will be sent in due time by mail to voting shareholders and published in the Swiss Official Gazette of Commerce (SHAB) as well as at www.hiag.com.

 

Agenda

 

Ordinary General Assembly 

21 April 2015

Publication of the semi-annual report 

1 September 2015

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Acquires Swissfiberinvest Menziken AG

Basel, 13 October 2014 – The Swissfiberinvest Menziken AG owns former production halls of Alu Menziken and an administrative building in Menziken (AG) with approximately 14'400 m2 of effective area. Since mid 2014, the building permit for the construction of a data centre is legally binding. The purchase price for 100% of the company’s shares is situated in the low seven-figure range. From today’s perspective, the investments for the first phase – equalling 3'000 m2 net data centre area - are estimated at approximately CHF 25 millions. Agreements with future tenants have been concluded for approx. 1'000 m2. Therefore, the realization will soon be initiated. The project will be driven forward with the development partner Hewlett-Packard. Completion of the first phase is scheduled by the second half of the year 2015.

 

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien acquires Swissmetal site in Dornach (SO)

Basel, 8 October 2014 - With the acquisition of the approximately 130'000 m² site, HIAG Immobilien takes on a development zone that is significant for the greater Basel area.

Streiff AG, which belongs to HIAG Immobilien, has acquired the approximately 130'000 m² site of the former Swissmetal Industries AG from Weidenareal Metall AG (WAM) in debt restructing liquidation. The parties have agreed not to disclose the purchase price. The property transfer will take place after the fulfilment of the legal and contractual closing conditions. The industrial site is located just outside of Basel within the trans-regional development area of “Birsstadt”. The site is currently being used by Baoshida Swissmetal AG, among others, under the existing rental agreements. The existing leases will be continued. “We will soon get in contact with Baoshida, in order to discuss their potential long term perspective on the site. For us Baoshida represents a potential long term anchor tenant”, Martin Durchschlag, the CEO of HIAG Immobilien underlines.

 

Assisted by the commissioned liquidator Dr. Fritz Rothenbühler, the possible transformation of the site into a mixed use quarter has been studied over the past years in the “Birsbogen” master plan (www.birsbogen.ch). Based on this and in coordination with the canton, the municipality developed a partial regional guideline that provides for residential and commercial use in addition to industrial use. On September 28, 2014, the voters of Dornach adopted the partial regional guideline and thus set the course for re-zoning. The next step is now the elaboration of a design plan, which will define the future use of the site.

 

“The partial regional guideline provides for the creation of efficient infrastructures, which will allow for a high-quality mix of residential and work space. The unique location as well as the dynamic environment in the economic area of Basel create excellent conditions for the development of the site”, explains Michele Muccioli, HIAG Immobilien site developer.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

HIAG Immobilien continues growth course

  • Net income of CHF 24.6 million
  • Property income increases by 6.8% to CHF 23.4 million
  • Net income per share of CHF 3.44
  • Equity ratio of 53.3%
  • Real estate portfolio extended to CHF 1.12 billion

Basel, 8. September 2014 – Looking back, the last 6 months have been eventful for HIAG Immobilien. After the successful initial public offering as at 16 May 2014 HIAG Immobilien now combines the clout of a focused and efficient organization with a committed anchor shareholder with the financial flexibility of a listed company.

 

Positive result and solid financing

As at 30 June 2014 adjusted for revaluation of properties and non-recurring effects, the earnings before interest and taxes increased by 5.9% to CHF 14.4 million compared to the previous year (CHF 13.6 million). This reflects the positive development of rental income over the entire portfolio. CHF 58.1 million were invested in further development and consolidation of the portfolio. The revaluation of properties as at the half year that occurred for the first time as of 30 June 2014 yields an earnings effect of CHF 16.2 million, CHF 0.4 million of which can be explained by the market effect.

 

HIAG Immobilien reported a net income of CHF 24.6 million in the first half of the year, including CHF 1.5 million of costs from the initial public offering. Property income increased in the first 6 months of the year by 6.8% to CHF 23.4 million (H1 2013: CHF 21.9 million). In all, contractually secured property income currently amounts to CHF 50.0 million (31.12.2013: CHF 46.6 million), i.e. an increase of 7.5% compared to December 31, 2013. The property portfolio is valued at CHF 1.12 billion as at the reporting date. Earnings per share amounted to CHF 3.44. The group has solid financing with an equity ratio of 53.3%, and reports an ROE of 8.5% for the first 6 months of the year. According to the recommendations issued by the European Public Real Estate Association (EPRA) the equity ratio came to 57.8% as at 30 June 2014 (31.12.2013: 53.7%).

 

Promotion on track

The vacancy rate was reduced in the first 6 months of the year by 15.1 percentage points to 15.7% over the entire portfolio. Vacancies in the yielding portfolio increased slightly to 8.1% (31.12.2014: 6.2%), as Project Leuchtturm was integrated into the yielding portfolio from the development portfolio and still had vacancies after completion. The last apartment purchase was recorded in January at Project Aretshalden in Wetzikon (ZH), so that all 21 apartment units were sold before completion. At Project Spinnerei III in Windisch (AG) and Project The Cloud in Baar (ZG), sales are going as planned. Project Spinnerkönig in Windisch (AG), the completion of which is planned for the fourth quarter, is currently reporting an excellent occupancy rate of over 70.

 

Redevelopment potential strengthened

The main focus of development in construction activities during the first half of the year was on Windisch with Project Spinnerei III with 50 condominiums for purchase and Project Spinnerkönig with 61 apartments for rent that is shortly before the completion. After the grant of the building permit for the Project Feinspinnerei, 29 condominiums for purchase are going to be built in Windisch. In Aathal, Project Leuchtturm and the garden exhibition were completed. With the presentation of the Aathal master plan, the foundations for many further development phases are laid out. After the presentation of the long-term "Vision Papieri 2033", talks in Biberist with potential prospective buyers of the paper machine lines are intensified so that occupied spaces can be liberated for new uses in the medium term. With the acquisition of 26‘231 m² in Cham, HIAG Immobilien now has one of the largest development areas in central Switzerland in its portfolio. The development potential of approximately 200 apartments and 25‘000 m² for office and commercial uses expands the long-term development pipeline even further. In all, contract negotiations on rentals and developments are currently ongoing at 6 sites with a rental income potential of CHF 7.5 million.

 

Outlook

The talks with our prospective tenants confirm that Switzerland has lost nothing of its relative attractiveness as a location. Companies do not let themselves be noticeably influenced by short-term developments when making strategic location decisions. Against this background, HIAG Immobilien follows its long-term development and promotion strategy of its development pipeline and will continue to discover other opportunities in the market to expand its portfolio with long-term site developments. HIAG Immobilien targets a dividend pay-out ratio of around 35% to 40% of the Company’s reported consolidated net profit for the year out of distributable profits or reserves from capital contributions, subject to the availability of distributable reserves and taking into consideration legal provisions, corresponding to a dividend of around 4% of NAV.

 

 

Invitation to the live webcast with conference call

Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present the half-year report and answer questions. 

 

Date: 08 September 2014

Time: 10.00 a.m. (CET)

Webcast: http://services.choruscall.com/dataconf/productusers/hiag/mediaframe/9486/indexr.html

Dial-in numbers: 

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 56 13 (USA)

Advance registration is not required. 

 

Replay webcast

A replay of the webcast is available online:

http://services.choruscall.com/dataconf/productusers/hiag/mediaframe/9486/indexr.html 

 

Half-year report

The complete half-year report 2014 is available online: www.hiag.com.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Acquires Cham Nord Immobilien AG

Basel, 25 June 2014 - With this transaction, HIAG Immobilien acquires a parcel of 26'231 m² formerly held by Cham Nord Immobilien AG and thus becomes the sole land owner in the "Cham Nord" area, one of the largest building land reserves in central Switzerland.

Cham Nord Immobilien AG is a subsidiary of Seewarte Holding AG. The entire "Cham Nord" site covers 46'282 m², 20'051 m² of which already belonged to HIAG Immobilien prior to the transaction. The site is located between the city centre of Cham (ZG) and the A4 highway, adjacent to the future Cham-Hünenberg bypass. The site is in the WA5 residential and commercial zone and is subject to a legally binding urban design plan. In 2013, the land owners HIAG Immobilien and Seewarte, along with representatives from the authorities, conducted a commissioned urban planning study on the long-term development of the site. The winning design by Züst Gübeli Gambetti architects of Zurich provides for the construction of up to 200 apartments as well as 25'000 m² of office and industrial space. Together with the existing "Lorzenpark" building, the site will over the long term be developed into a mixed quarter for living and working.

 

Included in the design is the project for the day school "Horbach". "Horbach" intends to build a boarding school and a day school on the site for a total of 50 students, but an alternative location is also being examined. Lukas Fehr, site developer at HIAG Immobilien, is convinced that "if the Horbach school decides in favor of Cham Nord, it would spark the development of a vibrant quarter". 

 

For information on the existing "Lorzenpark" building, see www.lorzenpark.ch.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication and you must not forward it or its contents to any person to whom forwarding it is prohibited by the legends contained therein. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

 

HIAG Immobilien: IPO over-allotment option partially exercised

Total placement volume of the HIAG Immobilien IPO increases to CHF 199.8 million

Basel, 13 June 2014 – HIAG Immobilien Holding AG (HIAG Immobilien), which specializes in the redevelopment and long-term use of former industrial sites, announces that Credit Suisse, on behalf of the banking consortium, has partially exercised the over-allotment option of its initial public offering (IPO) at the offer price of CHF 76.00 per share.

On 16 May 2014, the HIAG Immobilien shares were traded on SIX Swiss Exchange for the first time. Credit Suisse decided on 12 June 2014 to partially exercise the over-allotment option. The 81’974 shares covering the over-allotment option are sourced from the anchor shareholders Felix Grisard, Salome Grisard Varnholt and Andrea Grisard and were placed in the market at CHF 76.00 per share.

 

Including the shares placed in connection with the over-allotment option, a total of 2’629’474 shares were sold in the IPO of HIAG Immobilien, representing 32.87% of today’s issued share capital. The total placement volume therefore amounts to approximately CHF 199.8 million.

 

After the partial exercise of the over-allotment option, the anchor shareholders hold, both directly and indirectly, 65.26% of the total 8'000'000 registered shares of the company.

 

The anchor shareholders as well as the members of the board of directors and the management have signed a lock-up agreement for a period of 12 months, and HIAG Immobilien has agreed to a lock-up of 6 months starting from the first trading day, subject to the usual exemptions. Moreover, the anchor shareholders have underpinned their long-term commitment to the Company by signing a shareholders' agreement.

 

Credit Suisse acted as Sole Bookrunner for the IPO and Bank Vontobel AG as Co-Lead Manager.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

 

About HIAG Immobilien

HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien owns 38 sites with a total surface area of 2.4 million m². The group generates an annualised property income of approximately CHF 48 million and currently pursues 46 short-, mid- and long term redevelopment projects. As a long-term landlord HIAG Immobilien aims at sustainable development of new quarters and grows its portfolio on a continuous basis.


Media Release

 

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

 

HIAG Immobilien publishes its financial report 2013

Basel, 16 May 2014 – HIAG Immobilien Holding AG (HIAG Immobilien), which specializes in the rede­velopment and long-term use of former industrial sites, has published its financial report 2013.

 

In 2013, HIAG Immobilien achieved an EBITDA of CHF 86.6 million (2012: CHF 59.6 million) and a net income of CHF 77.9 million (CHF 55.2 million). The business result according to the recommendations issued by the European Public Real Estate Association (EPRA) came to CHF 28.6 million (CHF 19.2 million). Including the proceeds from the sale of condominiums, cash flow from business activities equaled CHF 47.8 million (CHF 38.8 million). The loan-to-value ratio amounted to 45.9% as of 31 December 2013 (31 December 2012: 42.2%). The average return on equity (RoE) from HIAG Immobilien's last three business years spanning from 2011 to 2013 came to around 14%. The increase in net asset value (NAV) according to EPRA recommendations of 19.3%, from CHF 500.7 million to CHF 597.3 million, as of the end of 2013 also includes a capital increase of CHF 34.6 million.

 

The complete financial report of HIAG Immobilien is available on: www.hiag.com/en/investors


Media Release

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication and you must not forward it or its contents to any person to whom forwarding it is prohibited by the legends contained therein. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

 

HIAG Immobilien sets offer price for its IPO and lists on SIX Swiss Exchange

The Offer price of CHF 76.00 per registered share for HIAG Immobilien corresponds to a placement volume of CHF 193.6 million (before exercise of over-allotment option)

Basel, 16 May 2014 – Following the initial public offering (IPO) the shares of HIAG Immobilien Holding AG (HIAG Immobilien), which specializes in the redevelopment and long-term use of former industrial sites, will be listed on SIX Swiss Exchange today.

 

Based on the offer price of CHF 76.00 per share and 8'000'000 registered shares in issue upon completion of the IPO, HIAG Immobilien will have a market capitalization of around CHF 608.0 million. HIAG Immobilien shares will start trading today on SIX Swiss Exchange under ticker symbol HIAG.

Credit Suisse is acting as Sole Bookrunner for the IPO and Bank Vontobel AG as Co-Lead Manager.

 

The banking syndicate placed 1'000'000 newly issued shares from HIAG Immobilien's capital increase and 700'000 existing treasury shares, as well as 847'500 existing shares from the anchor shareholders Felix Grisard, Salome Grisard Varnholt and Andrea Grisard (Base Offer). The number of shares placed in the IPO corresponds to 31.84% of the shares in issue upon completion of the IPO and before the potential exercise of the over-allotment option.

 

The over-allotment option of up to 255'000 shares corresponds to 3.19% of the registered share capital of the company upon completion of the IPO, and some 10% of the base offer, and may be exercised by the banking consortium until and including 15 June 2014. Assuming full exercise of the over-allotment option, the total placement volume will be CHF 213.0 million and the anchor shareholders, as shareholders focused on a long-term investment in the company, will hold, both directly and indirectly, 63.09% of the total 8'000'000 registered shares of the company.

 

The anchor shareholders as well as the members of the board of directors and the management have signed a lock-up agreement for a period of 12 months, and HIAG Immobilien has agreed to a lock-up of 6 months starting from the first trading day, subject to the usual exemptions. Moreover, the anchor shareholders have underpinned their long-term commitment to the Company by signing a shareholders' agreement.

 

The IPO will generate new capital for HIAG Immobilien totaling CHF 122.9 million net. HIAG Immobilien intends to use the net proceeds from its IPO for ongoing development projects, to repay a bridge financing in the amount of CHF 30 million and to temporarily reduce the utilization of HIAG Immobilien’s existing financial indebtedness. Moreover, the newly generated capital will help the company retain its flexibility for seizing acquisition opportunities.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

 

About HIAG Immobilien

HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien's long-term business model is essentially based on signing industrial, commercial and private tenants to extended lease agreements and on the long-term, increasing the value of former industrial and commercial sites thanks to its comprehensive expe­rience and expertise in property redevelopment.

 

 

Key data

Listing

SIX Swiss Exchange (Standard for Real Estate Companies)

Ticker symbol

HIAG

Swiss security number

23 951 877

ISIN

CH 023 951877 9

Price

CHF 76.00 per offered share

Share offering

Base offer of 2'547'500 registered shares
with a nominal value of CHF 1.00 each, of which

•1'000'000 newly issued shares
and 700'000 shares held in treasury by HIAG Immobilien

•847'500 existing shares held
by the anchor shareholders

Over-allotment option of up to 255'000 shares
held by the anchor shareholders

Tentative schedule

 

Listing of shares and commencement of trading

16 May 2014

Book-entry delivery of offered shares against payment of the offer price

21 May 2014

Last day the over-allotment option can be exercised

15 June 2014


Media Release

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication and you must not forward it or its contents to any person to whom forwarding it is prohibited by the legends contained therein. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

HIAG Immobilien announces price range of CHF 72.00 to CHF 86.00 per share for its planned IPO.

First trading day for shares on the SIX Swiss Exchange expected for 16 May 2014

Basel, 6 May 2014 – HIAG Immobilien Holding AG (HIAG Immobilien), which specializes in the redevelopment and long-term use of former industrial sites, is launching its IPO with the publication of the issue and listing prospectus and the start of the bookbuilding process. The price range for the offered shares having a nominal value of CHF 1.00 each was set at CHF 72.00 to CHF 86.00, which post primary proceeds implies a market capitalization of HIAG Immobilien of CHF 576 million to CHF 688 million.

 

In the context of its IPO, HIAG Immobilien is planning to offer to investors 1'000'000 newly issued shares stemming from a capital increase and 700'000 existing shares held in treasury by HIAG Immobilien, as well as 847'500 existing shares from the holdings of anchor shareholders Dr. Felix Grisard, Salome Grisard Varnholt and Andrea Grisard. In addition, the anchor shareholders have granted the syndicate banks an over-allotment option of up to 255'000 shares, which can be exercised within 30 calendar days after the first trading day.

 

The 1'700'000 total shares offered by HIAG Immobilien and the 847'500 shares offered by the anchor shareholders correspond to 31.84% of the registered share capital subsequent to the IPO and prior to the exercise of the over-allotment option. The over-allotment option of up to 255'000 shares corresponds to 3.19% of the registered share capital of HIAG Immobilien subsequent to the IPO. Assuming full exercise of the over-allotment option, the anchor shareholders, as shareholders focused on a long-term investment in HIAG Immobilien, will hold, directly or indirectly, 63.09% of the 8'000'000 registered shares of HIAG Immobilien issued upon completion of the IPO. The anchor shareholders, as well as the members of the board of directors and the management, have signed a lock-up agreement for a period of 12 months, and HIAG Immobilien has agreed to a lock-up of 6 months starting from the first trading day, subject to the usual exemptions. Moreover, the anchor shareholders have underpinned their long-term commitment to the Company by signing a shareholders' agreement.

 

The placement of 1'700'000 shares will generate new capital for HIAG Immobilien totaling CHF 117 million to CHF 140 million net. HIAG Immobilien intends to use the net proceeds from its IPO for ongoing development projects, to repay a bridge financing in the amount of CHF 30 million and to temporarily reduce the utilization of HIAG Immobilien’s existing financial indebtedness. Moreover, the newly generated capital will help HIAG Immobilien retain its flexibility to seize acquisition opportunities that arise at short notice.

 

HIAG Immobilien's IPO consists of a public offering in Switzerland, and private placements in certain jurisdictions outside the United States of America, in each case in reliance on Regulation S of the US Securities Act and based on the exemptions set forth in the EU Prospectus Directive.

 

The bookbuilding process will begin on 6 May 2014 and is expected to end on 15 May 2014. The final offer price is expected to be announced on 16 May 2014. Furthermore, it is expected that the shares of HIAG Immobilien will be listed and that trading will commence on 16 May 2014. Credit Suisse is acting as Sole Bookrunner for the IPO and Bank Vontobel AG as Co-Lead Manager.

 

HIAG Immobilien – A leader in the redevelopment of former industrial properties

As a long-term property owner, HIAG Immobilien specializes in the redevelopment and long-term use of former industrial sites and has a closely coordinated team of 22 employees developing attractive living and working spaces with a special focus on industrial projects. HIAG Immobilien's 'land bank' comprises a total area of 2.4 million m2, with 1.4 million m2 zoned for site development, making up one of the most comprehensive portfolios of large-area sites with development potential in attractive locations throughout Switzerland. Around 90% of HIAG Immobilien's real estate portfolio is situated in the greater economic areas of Zurich/Zug, Baden/Brugg, north west Switzerland and Geneva.

 

As of the end of 2013, the portfolio was valued by the independent consulting company Wüest & Partner at CHF 1.07 billion and generated an annualized rental income of CHF 46.6 million (previous year: CHF 42.5 million). As of 31 March 2014, the annualized rental income amounted to CHF 48.1 million. The portfolio is made up of investment properties valued at CHF 636.4 million with a gross return of 6.4%, and of properties for redevelopment valued at CHF 428.9 million with an average gross yield stemming from current use of 3.6%. The property redevelopment portfolio includes an area of around 889'000 m2, on which HIAG Immobilien is planning to invest an anticipated CHF 1.65 billion in the creation of an additional 573'000 m2 of net usable space within the context of 46 short, medium and long-term development projects. Around one quarter of this invested capital is to be generated from the sale of condominiums, thereby providing a key contribution toward strengthening HIAG Immobilien's cash flow.

 

In 2013, HIAG Immobilien achieved an EBITDA of CHF 86.6 million (2012: CHF 59.6 million) and a net income of CHF 77.9 million (CHF 55.2 million). The business result according to the recommendations issued by the European Public Real Estate Association (EPRA) came to CHF 28.6 million (CHF 19.2 million). Including the proceeds from the sale of condominiums, cash flow from business activities equaled CHF 47.8 million (CHF 38.8 million). The loan-to-value ratio amounted to 45.9% as of 31 December 2013 (31 December 2012: 42.2%). The average return on equity (RoE) from HIAG Immobilien's last three business years spanning from 2011 to 2013 came to around 14%. The increase in net asset value (NAV) according to EPRA recommendations of 19.3%, from CHF 500.7 million to CHF 597.3 million, as of the end of 2013 also includes a capital increase of CHF 34.6 million.

 

HIAG Immobilien targets a dividend pay-out ratio of around 35% to 40% of the Company’s reported consolidated net profit for the year out of distributable profits or reserves from capital contributions, subject to the availability of distributable reserves and taking into consideration legal provisions, corresponding to a dividend of around 4% of NAV.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

 

About HIAG Immobilien

HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien's long-term business model is essentially based on signing industrial, commercial and private tenants to extended lease agreements and on the long-term, increasing the value of former industrial and commercial sites thanks to its comprehensive experience and expertise in property redevelopment.

 

 

Key data

Listing

SIX Swiss Exchange (Standard for Real Estate Companies)

Ticker symbol

HIAG

Swiss security number

23 951 877

ISIN

CH 023 951877 9

Price range

CHF 72.00 to CHF 86.00 per offered share

Share offering

Base offer of 2'547'500 registered shares
with a nominal value of CHF 1.00 each, of which

• 1'000'000 newly issued shares
and 700'000 shares currently held by HIAG Immobilien

• 847'500 existing shares currently held
by the anchor shareholders

Over-allotment option of up to 255'000 shares
currently held by the anchor shareholders

Tentative schedule

 

Bookbuilding

Start        6 May 2014

End       15 May 2014, 12.00 noon CET

Pricing and allocation of shares

15 May 2014

Announcement of definitive offer price per share

16 May 2014

Listing of shares and commencement of trading

16 May 2014

Book-entry delivery of offered shares against payment of the offer price

21 May 2014

Last day the over-allotment option can be exercised

15 June 2014

 

Media Release

 

Not for release, publication or distribution in the United States of America, Canada, Japan or Australia.

 

For Release in Switzerland. This is a restricted communication and you must not forward it or its contents to any person to whom forwarding it is prohibited by the legends contained therein. In particular, this release and the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in such or any other countries.

Basel, 15 April 2014

HIAG Immobilien plans IPO on SIX Swiss Exchange

Basel-based property redevelopment company HIAG Immobilien Holding AG is planning to list its shares on SIX Swiss Exchange in the second quarter of 2014. The offering will consist of both primary and secondary shares.

As property owner, manager and redeveloper, HIAG Immobilien Group (HIAG Immobilien) specializes in the long-term management and redevelopment of former industrial and commercial sites in close cooperation with the local communities. In so doing, the company creates new urban spaces through­out Switzerland, which on a sustainable basis create new residential and work environments. HIAG Immobilien's portfolio includes 38 sites covering a total area of 2.4 million sqm, with 1.4 million sqm zoned for site redevelopment.

 

A leader in the redevelopment of former industrial properties

HIAG Immobilien's 'land bank' comprises one of the most comprehensive portfolios of large scale sites with redevelopment potential in attractive locations throughout Switzerland. HIAG Immobilien has gained years of experience in acquiring, rezoning, transforming and redeveloping former industrial and commercial sites into appealing working and living locations. Thanks to a well-coordinated team with a strong track record in property redevelopment, HIAG Immobilien specializes in industrial and com­mercial property redevelopment projects, thereby offering interesting new development opportunities for regions and local communities.

 

A young company with a longstanding tradition

HIAG Immobilien was established in 2008 after being spun-off from Holzindustrie-Aktiengesellschaft (HIAG) founded in 1876. Currently its core team includes 22 staff working at its Basel, Geneva and Zurich locations. Around 90% of HIAG Immobilien's real estate portfolio is located in the greater eco­nomic areas of Zurich/Zug, Baden/Brugg, Basel and Geneva. As of the end of 2013, the portfolio was valued at CHF 1'065.3 million by the the independent real estate consultancy Wüest & Partner and generated an annualised property income of CHF 46.6 million (previous year: CHF 42.5 million). As of 31 March 2014, the annu­alised property income was CHF 48.1 million. The portfolio is made up of yielding properties valued at CHF 636.4 million with a gross return of 6.4%, and of redevelopment properties valued at CHF 428.9 million with an average gross yield based on the current use of 3.6%. The redevelopment portfolio includes a "land bank" with an area of around 889'000 sqm, on which HIAG Immobilien is planning to create an additional 573‘000 sqm of net lettable space within the context of 46 short, medium and long-term redevelopment projects. In its fiscal year 2013 HIAG Immobilien achieved an EBITDA of CHF 86.6 million (2012: CHF 59.6 million) and a net income of CHF 77.9 million (CHF 55.2 million). The operating result according to the recommendations issued by the European Public Real Estate Association (EPRA) came to CHF 28.6 million (CHF 19.2 million). The average return on equity (RoE) from the company's last three fiscal years from 2011 to 2013 amounted to around 14%. The increase in net asset value according to EPRA recommendations of 19.3% to CHF 597.3 million (CHF 500.7 million) as of the end of 2013 also includes a capital increase of CHF 34.6 million.

 

IPO as a basis for continued growth

The IPO is expected to generate approximately CHF 140 million of proceeds for the company through the sale of new shares and existing treasury shares, which are intended to be used for the financing of ongoing site redevelopment projects in the medium-term, as well as for the repayment of a bridge loan of CHF 30 million. In addition, the proceeds will enable the company to maintain its flexibility for seiz­ing acquisition opportunities quickly. In addition, members of the Grisard family will sell a portion of their holdings with the aim of achieving a free float of the Company of at least CHF 200 million or 30-40%. "In light of the company's successful growth over the last seven years, HIAG Immobilien is ready to go public," says Chairman of the Board of Directors Felix Grisard, adding, "Members of our family with a stake of between 60 and 70% following the IPO will remain strong and committed anchor share­holders for HIAG Immobilien in the long term." "We have a number of projects in the pipeline; the newly raised capital from the IPO will enable us, among other things, to increase our effectiveness in continuing to develop our current portfolio in the long-term and to create value for our shareholders," analyses Chief Executive Officer Martin Durchschlag. "HIAG Immobilien is well-prepared for the IPO. The level of transparency in its accounting practices (Swiss GAAP FER, EPRA performance measures) and its corporate governance have to date been in compliance with the requirements a company listed on the SIX Swiss Exchange must meet."

Credit Suisse is acting as sole bookrunner in connection with the IPO, and Bank Vontobel as co-lead manager.

 

Disclaimer

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of SIX Swiss Exchange Ltd. or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distrib­uted in or sent from jurisdictions, in which this is barred or prohibited by law. The information con­tained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. A decision to invest in securities of HIAG Immobilien Holding AG should be based exclusively on the issue and listing prospectus published by HIAG Immobilien Holding AG for such purpose.

 

This document and the information contained herein is not for publication or distribution into the United States of America and should not be distributed or otherwise transmitted into the United States or to U.S. persons (as defined in the U.S. Securities Act of 1933, as amended (the "Securities Act")) or publications with a general circulation in the United States. This document does not constitute an offer or invitation to subscribe for or to purchase any securities in the United States of America. The securi­ties referred to herein have not been and will not be registered under the Securities Act, or the laws of any state and may not be offered or sold in the United States of America absent registration or an exemption from registration under Securities Act. There will be no public offering of the securities in the United States of America.

 

The information contained herein does not constitute an offer of securities to the public in the United Kingdom. No prospectus offering securities to the public will be published in the United Kingdom. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union (the "Prospectus Directive") of the securities referred to in it (the "Securities") in any member state of the European Economic Area (the "EEA"). Any offers of the Securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities.

 

This publication may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of HIAG Immobilien Holding AG and those explicitly or implicitly pre­sumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. HIAG Immobilien Holding AG assumes no responsibility to up-date forward-looking statements or to adapt them to future events or developments.

 

In connection with the offer or sale of the securities referred to herein, the Sole Bookrunner may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. Any stabilization action or over-allotment will be conducted by the Sole Bookrunner in accordance with all applicable laws and rules. Save as required by law or regulation, the Sole Bookrunner does not intend to disclose the extent of any stabilization action. No representation is made as to whether the Sole Bookrunner will engage in any stabilization activity or that this activity, if commenced, will not be discontinued without notice.

 

For the avoidance of doubt, neither the Sole Bookrunner nor the Co-Lead Manager makes any rep­resentation or warranty that it intends to accept or be bound to any of the information contained herein nor shall the Sole Bookrunner  or the Co-Lead Manager be obliged to enter into any further discus­sions or negotiations pursuant thereto but shall be entitled in their absolute discretion to act in any way that they see fit in connection with the potential transaction. Any discussions, negotiations or other communications that may be entered into, whether in connection with this communication or other­wise, shall be conducted subject to contract. No representation or warranty expressly or implicitly, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Sole Bookrunner or the Co-Lead Manager, or any of their respective officers, employees or agents, as to or in relation to the accuracy or completeness of this communication, publicly available information on HIAG Immobilien Holding AG or any other written or oral information made available to any interested party or its advisors and any liability therefore whether in contract, tort or otherwise is hereby expressly disclaimed.

 

The Sole Bookrunner and the Co-Lead Manager are acting on behalf of the Company and no one else in connection with the referred to herein and will not be responsible to any other person for providing the protections afforded to clients of the Sole Bookrunner or the Co-Lead Manager, or for providing advice in relation to the securities referred to herein.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

Subscribe to ad hoc communications

Further releases

Media Release

Completion of the Acquisition of the “Fountain” Site in Meyrin (GE)

Basel, 9 August 2017 – As announced on 16 June 2017, HIAG concluded a contract for the acquisition of the 10'400 m2 “Fountain” site with approximately 9'700 m2 of usable area. The transfer of ownership could be finalised on 31 July 2017 after the Canton of Geneva waived its option to buy.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Announcement: 2017 Half Year Results Presentation Webcast

Basel, 8 August 2017 – On the occasion of the publication of the 2017 half year results of HIAG, a live webcast with conference call will take place on 4 September 2017 at 10:00 a.m. Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present the half-year report in German and answer your questions: 

 

Date: 4 September 2017

Time: 10.00 a.m. (CET)

Live webcast: https://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/20756/indexl.html

 

Dial-in numbers: 

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 5613 (USA)

Advance registration is not required. 

 

Webcast replay

The replay of the webcast can be found under the following link:
https://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/20756/indexl.html

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG and Media Markt Extend Rental Agreement in Dietikon

Basel, 29 June 2017 - HIAG and Media Markt agreed to extend the rental period by an additional ten years for the existing rental areas covering approx. 5‘500 m2 in Dietikon (ZH). In this context, the retail space will be modernized. Media Markt has been a tenant on HIAG's site since 1994, with Dietikon opening as its first location in Switzerland. In a very competitive retail market, this represents a clear commitment to HIAG's site in Dietikon, conveniently close to the motorway A1.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

First Europe-Wide Real-Time Media Services Platform Launched

Basel, 20 April 2017 – Noser Engineering AG, Microsoft (Switzerland) GmbH, Hewlett Packard (Switzerland) GmbH and HIAG Data AG are now offering a joint Media Services Platform. The solution is available throughout Europe and paves the way for the flexible and scalable expansion of media companies’ digital services.

Infrastructure and functionality requirements in the media industry, as well as costs, have grown sharply in the media industry in recent years. Different consumer behaviour and new market participants are increasingly changing the media world. Rapidly developing technologies, their related shortened life and investment cycles, as well as new forms of media production and distribution, present considerable financial, organisational and technological challenges to media companies.

 

The joint solution to these challenges is a flexible, high-performing and commercially-attractive Media Services Platform that can be adjusted based on needs and operated in the cloud or on a hybrid basis. The biggest challenge to date is thus being addressed: real-time media production.

The real-time, end-to-end solutions range from content creation to content consumption and therefore offer a technical and commercial solution to these challenges for the first time.

 

Noser Engineering offers innovative solutions on its Media Services Platform

The new Noser Media Services Platform supports media companies and media technology providers with digitalisation. The Noser Media technology stack enables, among other things, the gradual or complete technical migration into a cloud environment, as well as the automation and control of workflows. The new media streaming technologies and real-time software make it possible to implement innovative business models and thus benefit from structures on a global scale. It is a big and active step into the digital future along with the strong Swiss partners Microsoft, Hewlett Packard Enterprise and HIAG Data.

 

HIAG Data’s technological substructure

The technology used by HIAG Data is a fibre optic-based private network that guarantees latencies of under 0.5 ms per 80 km. Optimal security is achieved through optical encryption as well as traditional encryption on the application level. In addition, data in the private network are completely decoupled from the internet and transferred to one of two HIAG Data cloud computing centres in Switzerland. Video and audio contents are thus protected from external attacks.

 

Globally-proven technology

Microsoft’s hybrid cloud platform enables the flexible integration of cloud services with the highest security requirements for real-time media. The use of high-availability, efficient cloud services enables the switch from CAPEX to OPEX investment models, thus meeting the requirements of ever-shorter life cycles and the growing demand for dynamic and flexible business models in real time.

 

 

HIAG Data press contact:

Frank Butz

Director of Communication

T +41 61 606 55 00

Frank.Butz@hiag.com

 

HIAG Data

Löwenstrasse 51 

8001 Zurich

 

 

About Noser Engineering:

With over 30 years’ experience as a software service provider and approximately 170 employees, Noser Engineering AG stands for quality, agility and innovation and contributes to the success of local, national and international companies. As a competent partner for media solutions, the Media Business Unit, along with its Swiss technology partners, has set itself the goal of offering international digital media technology solutions in the cloud.

www.noser.com/media

 

About HIAG Data:

HIAG Data provides an intelligent IT infrastructure platform for IT service providers throughout Switzerland. This infrastructure is composed of a carrier-independent fibre optic cable network, the anchor sites of Zurich, Biberist and Lugano as well as IT infrastructure, allowing for flexible scaling of computing and storage capacity based on open source technology and Microsoft Azure. HIAG Data is a wholly-owned subsidiary of HIAG Immobilien Holding AG. 

www.hiagdata.com 

 

About Microsoft Schweiz:

Since it was founded in 1989, Microsoft Schweiz GmbH has developed from a small business with three employees into a mid-sized company with approximately 620 employees thanks to controlled and continuous growth. The headquarters of Microsoft Schweiz GmbH are located in Wallisellen, Zurich, with other offices in Wollishofen, Bern and Geneva. Marianne Janik, Country Manager of Microsoft Schweiz, leads the Executive Board. The Swiss subsidiary is ranked 13th out of the 119 Microsoft subsidiaries worldwide in terms of turnover. It is ranked number one in “turnover per PC”. This can primarily be attributed to the conviction of many Swiss companies that intelligent use of information and communication technologies leads to greater efficiency and competitive advantages.

For years now, Microsoft Schweiz GmbH has been dealing intensively with changes in the working world and its own work culture. As a result, in 2011 the Swiss Microsoft headquarters in Walissellen were reorganised based on the most recent knowledge. For the three-month reorganisation period, Microsoft conducted a special experiment: the office was completely closed and employees moved their entire activity to their home office or to the place of their choice. The result was not surprising, but worth noting: there was no loss in business activity, but there was a loss of social environment. It was thus clear that the office, even in the future, would continue to be very important. Not as an individual workplace, but rather as a meeting place and a platform for social interaction. The journey to the new working world is therefore far from over – it has only just begun.

We are convinced that the Swiss knowledge centre can only ensure and expand its long-term success if modern technologies are efficiently and intelligently implemented. Management and work culture play a central role in this. The more autonomy and self-responsibility are attributed to the individual - also with regard to time and spatial planning - the greater the benefit for the organisation. In order to make the Swiss more aware of this subject, Microsoft launched Home Office Day in 2010, which became the Work Smart Initiative in 2015. Along with the partners SBB, Swisscom, Witzig The Office Company, Swiss Post and Swiss Mobiliar, this should serve as a call to rethink one’s own work and mobility behaviour. This should not only increase productivity and well-being, but also actively contribute to the protection of the environment. 

www.microsoft.com 

 

About Hewlett Packard Enterprise:

We make it possible to accelerate business processes. For this, we help clients use technologies in order to shorten the time from the idea to the creation of value. Little by little, they change industries, markets and life.

Some of our clients work with traditional IT environments. However, most are moving to a secure, cloud-enabled infrastructure that has been optimised for mobile devices. Many rely on a combination of both. Regardless of how far a given company’s integration has already advanced, we offer technologies and solutions that help it successfully complete its endeavours.

 

Technologies that drive transformation

We make IT environments more efficient, more productive and more secure, and enable a fast, flexible response to a rapidly changing competitive environment. We allow organisations to react to ideas quickly by offering an infrastructure that can be set up easily and adjusted simply. They can thus meet changing requirements and take a leading position in today’s market of disruptive innovations.

 

Solutions that you need to be successful

We offer high quality products, consulting and support services in a single package. This is one of our most important distinguishing characteristics. We are the industry leader in the field of server, storage, wired and wireless networks, convergent systems, software, services and the cloud. In addition, we can provide the right technological solutions for your individual company objectives with specially adapted financing solutions and strategies.

 

Innovation for today and tomorrow

Hewlett Packard has been active in the field of innovations for over 75 years. Our comprehensive portfolio of intellectual property and global research and development capabilities are part of an innovation strategy that was developed to support organisations of all sizes – from international groups to local start-ups – in the transformation of traditional technology platforms to IT systems of the future.

www.hpe.com 


Invitation Media Conference

Basel, 28 February 2017

HIAG – Annual Results 2016 Media Conference

Dear Madam

Dear Sir

 

We are pleased to invite you to the presentation of the annual results 2016:

 

Monday, 20 March 2017

09.00 am to 10.00 am (CET)

SIX Swiss Exchange – Auditorium (1st floor)

Selnaustrasse 30, Zurich

 

Live webcast: http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/18336/indexl.html

 

Your interlocutors will be

 

Martin Durchschlag

Chief Executive Officer

Laurent Spindler

Chief Financial Officer

 

Please register until 16 March 2017 at investor.relations@hiag.com

 

With kind regards,

 

HIAG

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Invitation Media Conference

Digitization in healthcare: Noser Health, HIAG Data and Microsoft Switzerland are presenting a joint Swiss solution for the healthcare sector

Noser Health, the eHealth brand of Noser Engineering AG, HIAG Data AG and Microsoft Switzerland GmbH, will be announcing a strategic partnership on December 5th, 2016. The partnership enables Noser Health to offer hospitals, health care institutions and medical practices, private network based software solutions with 100% Swiss oversight.

Digital transformation in healthcare is progressing rapidly. Topics such as "security", "networking", "data storage" and "availability" require custom and secure solutions. In collaboration with its partners, Noser Health offers a platform for "digitalization in healthcare" based on HIAG Data's private network, enabling efficient and secure data handling. Specialized services such as "treatment documentation", "vital data acquisition" and "patient portals" can now be extended with individual solutions. The collaboration with Microsoft brings one of the world's leading specialist for software, services and cloud solutions into the partnership. Noser Health, HIAG Data and Microsoft Switzerland will announce the collaboration and present the resulting solution in detail at the press conference.

 

Date: December 5th, 2016

 

Location: Au Premier, room Norma, Zurich Main Station

 

Time: 9:30 am

 

Contacts: Martin Straumann, Head of Noser Health, Hanspeter Tinner, COO HIAG Data, Mirjam Blechner, Microsoft Switzerland GmbH.

 

Please register by November 30th, 2016. We look forward to seeing you. 

 

If you have any further questions please contact: Karim M'Rad, Marketing / Communication Noser Health.

 

Best regards

 

HIAG Immobilien and HIAG Data

 

Press contact HIAG Data

Frank Butz

Director of Communication

T +41 61 606 55 00

Frank.butz@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

www.hiag.com

 

About HIAG Immobilien

HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien owns about 40 sites with a total surface area of 2.6 million m². The group generates an annualised property income of approximately CHF 51.5 million and currently pursues roughly 50 short-, mid- and long term redevelopment projects. As a long-term landlord HIAG Immobilien aims at sustainable development of new quarters and grows its portfolio on a continuous basis.

 

About HIAG Data

HIAG Data makes an intelligent IT infrastructure platform available to IT service providers throughout Switzerland. This backbone is composed of a carrier-independent fibre optic cable network throughout Switzerland as well as the anchor sites of Biberist, Menziken and Lugano, in addition to IT infrastructure that allows for flexible scaling of computing and storage capacities based on open source technology and Microsoft Azure. HIAG Data is a fully owned subsidiary of HIAG Immobilien Holding AG.


Media Release

Basel, 30 August 2016

Announcement: 2016 Half Year Results Presentation Webcast

On the occasion of the publication of the 2016 half year results of HIAG Immobilien, a live webcast with conference call will take place on 5 September 2016 at 10:00 a.m. Martin Durchschlag (CEO) and Laurent Spindler (CFO) will present the half-year report in German and answer your questions: 

 

Date: 5 September 2016

Time: 10.00 a.m. (CET)

Live webcast: http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/15487/indexl.html

 

Dial-in numbers: 

+41 (0)58 310 50 00 (Europe)

+44 (0)203 059 58 62 (UK)

+1 (1)631 570 5613 (USA)

 

Advance registration is not required. 

 

Webcast replay

The replay of the webcast can be found under the following link:
http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/15487/indexl.html   

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Invitation Media Conference

Basel, 9 March 2016

HIAG Immobilien – Annual Results 2015 Media Conference

Dear Madam

Dear Sir

 

We are pleased to invite you to the presentation of the annual results 2015: 

 

Monday, 21 March 2016

10.00 am to 11.00 am (CET)

SIX Swiss Exchange – Auditorium (1st floor)

Selnaustrasse 30, Zurich

 

Live webcast: 

http://78449.choruscall.com/dataconf/productusers/hiag/mediaframe/14268/indexl.html#tab1

 

Your interlocutors will be

 

Martin Durchschlag

Chief Executive Officer

Laurent Spindler

Chief Financial Officer

 

Please register until 17 March 2016 at investor.relations@hiag.com

 

With kind regards,

 

HIAG Immobilien

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

Basel, 30 September 2015

HIAG Immobilien Starts Construction on The New EMEA Headquarters of Hewlett-Packard at The Meyrin Site (GE)

Following the transfer of land ownership and the granting of the building permit, HIAG Immobilien starts the first development phase at the Meyrin site with the construction of Hewlett-Packard’s new Europe, Middle East and Africa (EMEA) headquarters.

HIAG Immobilien officially became the owner of all 42’965 m2 of the Meyrin site near the Geneva airport and close to the CERN (European Organisation for Nuclear Research) on mid-September 2015. HIAG Immobilien is building an 8'264 m2 administrative complex intended for the companies Hewlett-Packard International Sàrl and HP International Sàrl, with which a lease agreement for 15 years was signed. The building permit for the new EMEA headquarters of the two companies resulting from the division of HP took effect on 25 September 2015 and the construction site was officially opened on 28 September 2015. Delivery of the new headquarters is planned for the summer of 2017. While they wait for construction of the new building to be completed, the two companies will remain tenants in the existing building at the site. This building will be readapted as part of the overall development of the Meyrin site. The site in its entirety will eventually allow for more than 58'000 m2 of gross floor area in buildings for high-value-added companies based on a guiding principle and as per the requirements of the FTI (Fondation des terrains industriels).

 

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

HIAG Immobilien Constructs New Building At Headquarters of JELD-WEN Switzerland in Bremgarten

Basel, 10. June 2015 – HIAG Immobilien constructs a new office building and modern commercial halls for JELD-WEN Switzerland AG, which is specialized in the production and sales of exterior and interior doors.

For over 100 years wood has been the material of choice at this site in Bremgarten (AG). Its current user, JELD-WEN Switzerland AG, belongs to the global leader in the doors business, and has the largest range of exterior and interior doors in Switzerland. In order to adapt the site to its growing needs, HIAG Immobilien, in collaboration with JELD-WEN Switzerland AG, is creating a representative office building for up to 100 employees and a partial replacement of production and logistics halls. Within 2 years, a total of 2‘500 m2 of office space as well as 4‘900 m2 of commercial space are to be created during running operation. The rental agreement was prolonged by twelve years.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Invitation Media Conference

Basel, 9 March 2015

HIAG Immobilien – Annual Results 2014 Media Conference

Dear Madam

Dear Sir

 

We are pleased to invite you to a media conference

 

Monday, 16 March 2015

10.00 am to 11.00 am (CET)

SIX Swiss Exchange – Auditorium (1st floor)

Selnaustrasse 30, Zurich

 

Live webcast: http://services.choruscall.com/dataconf/productusers/hiag/mediaframe/10527/indexr.html

 

Your interlocutors will be

 

Martin Durchschlag

Chief Executive Officer

Laurent Spindler

Chief Financial Officer

 

Please register until 15 March 2015 at investor.relations@hiag.com

 

With kind regards,

HIAG Immobilien

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

The Canton of Neuchâtel is a new tenant of HIAG Immobilien at the Neuchâtel site (NE)

Basel, 22 December 2014 – Starting on 1 January 2015, an area of 5'472 m2 will be rented long-term by the Canton of Neuchâtel. 

The site, with a surface area of 11'397 m2 including administrative and industrial buildings, brings together 1'595 m2 of administrative space, 6'770 m2 of industrial space and 1’380 m2 of garage and storage space. The site was rented until the end of 2014. Streiff AG, a company within the HIAG Immobilien group, had acquired the industrial complex located at Rue du Plan 30 in Neuchâtel at the end of 2013.

 

The location of the site near the train station and the city centre and its excellent connections to public transport led the Canton of Neuchâtel to express interest in renting this space. On 18 December 2014, HIAG Immobilien signed leases with the Canton concerning the 1’595 m2 administrative space and the 632 m2 hall/garage starting on 1 January 2015, and 3’245 m2 of the industrial space starting 1 July 2015. 

 

The finalisation of long-term leases with a tenant such as the Canton confirms the redevelopment strategy implemented for this well-positioned site.

 

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

Tesla Motors Switzerland is a new tenant of HIAG Immobilien in Cham

Basel, 19 December 2014 - Tesla Motors Switzerland GmbH, which is specialised in marketing, sale and maintenance of electric vehicles, has opted for the Lorzenpark site in Cham (ZG) as part of their expansion. The rented area of 1‘200 m2 will be handed over in the second quarter of 2015.  

The Lorzenpark site in Cham was built in 2008. The property is made up of apartments as well as commercial space and houses national and international companies. In particular, the gallery spaces on the ground floor provide room for possible exhibits. The customisation work that was necessary for Tesla was carefully coordinated with the existing use, so that the approximately 1‘200 m2 area could be handed over to the future tenant in the second quarter of 2015. The lease was signed for a period of five years, though both parties could very well decide to prolong their cooperation beyond that point. “We are very happy to welcome Tesla as a tenant, especially since Tesla blends so well with the current mix of renters", said Ralf Küng, head of Portfolio Management at HIAG Immobilien. 

 

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

HIAG Immobilien acquires the remaining parcels of the Meyrin site and signs an agreement with Hewlett-Packard

Basel, 18 December 2014 – HIAG Immobilien has acquired the 8'418 m2 of remaining land at the Meyrin site and signed a long-term lease with Hewlett-Packard for their new Europe, Middle East and Africa (EMEA) headquarter. At the end of 2013, HIAG Immobilien had purchased 34’547 m2 located in Meyrin (GE) near the Geneva airport and close to CERN (the European Organisation for Nuclear Research) .

HIAG Immobilien was chosen in September 2014 for the construction of the new EMEA headquarter following the call for tenders that Hewlett-Packard issued to various promoters/investors. Within this framework, HIAG Immobilien signed a long-term lease with Hewlett-Packard International Sàrl effective starting in 2017 for their new EMEA headquarter in Meyrin. According to the signed contract, HIAG Immobilien will build an 8'264 m2 administrative complex intended for Hewlett-Packard by end of 2016. During the construction period, Hewlett-Packard will remain a tenant in the existing building at the site. The existing building will be reworked to receive several companies after the departure of Hewlett-Packard. 

 

With the acquisition of these 8'418 m2, HIAG Immobilien obtained control of the entire 42'965 m2 of the Meyrin site. The transfer of ownership of the land will be effective during the first half of 2015. Ownership of the entire site will make it possible to create more than 58'000 m2 of gross floor area in buildings for high-value-added companies based on a guiding principle and in line with the wishes of the FTI (Fondation des Terrains Industriels de Genève). The long-term occupancy by this well-known leader in its sector confirms the strategic vision of HIAG Immobilien for the site.

 

Contact

 

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 00

martin.durchschlag@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Event Information

HIAG Immobilien to Present the Master Plan for the Reichhold Site

Basel, 2 June 2014 - The public participation process for the Reichhold site's master plan is to take place from 2 June to 2 July. Presentations will be given at the respective municipalities on 10 and 17 June to provide the public with information on the project.

HIAG Immobilien acquired the approximately 62'000 m² site located in the Birrfeld municipalities of Hausen (AG) and Lupfig in 2012. The site is one of the largest industrial brownfield areas in the Canton of Aargau. Over the last twelve months a master plan was drawn up together with the respective municipalities, the cantonal authorities and potential anchor users, which specifies the framework for the settlement and design of the site, its greenery and leisure areas, as well as its further development and transport infrastructure. The local population now has the opportunity to take part in shaping and approving the master plan in the context of the public participation process.

 

"This master plan enables us to demonstrate how we plan to develop the entire site, which spans two municipalities, in a step-by-step process. In this way, we can create the necessary basis for our planning activities, allowing us to begin specific contract negotiations with interested potential tenants," says Alex Römer, site developer for HIAG Immobilien.

 

The site is located in close proximity to the Zurich-Basel-Bern motorway junction, is directly accessible from the A3 motorway and is situated in an office, commercial and industrial zone.

 

For more information on the site, go to www.reichholdareal.ch.

 

Schedule:

Tuesday, 10 June at 7:00 pm, presentation at the multi-purpose centre in Hausen

Tuesday, 17 June at 7:00 pm, presentation at the Lupfig municipal building

Monday, 23 June from 6:00 to 8:00 pm, question-and-answer event at the Hausen municipal building

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Media Release

 

Blattmann Schweiz AG Remains Long-Term Tenant of HIAG Immobilien

Basel, 27 May 2014 – As a leading manufacturer and distributor of organic clean label starches, Blattmann Schweiz AG is investing in the Wädenswil (ZH) site and has signed a new rental agreement with HIAG Immobilien that runs until 2029. In doing so, Blattmann confirms its long-term occupancy of the production site.

 

In 2010, HIAG Immobilien took over the 11‘000 m² site in Wädenswil (ZH) on the shore of Lake Zurich. Blattmann has been producing at this special location for over 150 years. In 2012, Blattmann Schweiz AG was acquired by Fides Business Partner from the US-based Cargill Group. In order to adapt the location to current requirements, a common project for office space extension and building conversion was defined. At the beginning of 2014, offices of the adjacent administration building at Seestrasse 201 could be integrated into the main building. The rental agreement that originally ran until 2019 was adjusted to the new surface area requirements, and prolonged until 2029. "The measures now allow the best use of the building infrastructure. We are pleased that Blattmann Schweiz AG invests in its processes and remains firmly committed to the site", explains Ralf Küng, head of Portfolio Management at HIAG Immobilien.

 

Contact

Martin Durchschlag

Chief Executive Officer

T +41 61 606 55 28

martin.durchschlag@hiag.com

 

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 23

laurent.spindler@hiag.com

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com


Event Info

HIAG Immobilien Presents Results of Study for the Redevelopment of the Paper Mill Site in Biberist (SO) 

Basel, 22 May 2014 – On 24 and 25 May 2014, the results of the study "Vision 2033" will be presented to the public as part of an exhibition on the former paper mill site. All those who are interested are very welcome. 

Two years ago, HIAG Immobilien acquired the former paper mill site in Biberist. The marketing of the surfaces is in progress, the first companies started their activities in 2013. In order to define a long-term use mix for the site, five architectural offices have been involved in a study dubbed "Vision 2033". Their contributions were evaluated by an 11-strong jury, consisting of municipal and cantonal representatives as well as members of HIAG Immobilien and external experts, according to criteria such as utilisation strategy, economic viability and architectural and urban design. This weekend, the projects will be presented to the public. Everyone interested is very welcome! Registration is not required.

 

Program: 

 

Saturday, 24 May 2014, open from 10.00 until 16.00 o'clock, opening address by Mayor Martin Blaser at 10.30 o'clock

 

Sunday, 25 May 2014, open from 10.00 until 14.00 o'clock

Share price/Chart-Tool

Annual- and half-year reports

Bonds/Chart-Tool

Bond 1

Listing
SIX Swiss Exchange
Security number
28'460'739
ISIN
CH0284607394
Payment date
01 Jul 2015
Volume
CHF 100 Mio.
Repayment
01 Jul 2021
Interest rate
1.0% p. a. payable annually on 1st of July

Bond 2

Listing
SIX Swiss Exchange
Security number
32'637'142
ISIN
CH0326371421
Payment date
04 Jul 2016
Volume
CHF 115 Mio.
Repayment
04 Jul 2023
Interest rate
1.0% p. a. payable annually on 4th Juli

IR-Agenda

16.03.2015

Publication annual results 2014, media conference Zurich

16.03.2015

Roadshow, Basel - Vontobel

17.03.2015

Roadshow, Zurich - Vontobel

19.03.2015

Roadshow, Geneva - Vontobel

20.03.2015

Roadshow, London - Credit Suisse

21.04.2015

General Meeting, Windisch (AG)

01.09.2015

Publication half-year result 2015 with webcast

02.09.2015

Roadshow, Zurich - Credit Suisse

03.09.2015

Roadshow, Geneva - Credit Suisse

08.09.2015

EPRA Annual Conference

01.10.2015

Investora 2015, Zürich

13.11.2015

Vontobel Immobilientag 2015, Zurich

21.03.2016

Publication annual results 2015, media conference Zurich

22.03.2016

Roadshow, Zurich - Vontobel

23.03.2016

Roadshow, Geneva - Vontobel

24.03.2016

Roadshow, London - Vontobel

19.04.2016

General Meeting, Aathal (ZH)

05.09.2016

Publication half-year result 2016 with conference call and webcast

05.09.2016

Roadshow, Basel - Credit Suisse

06.09.2016

Roadshow, Zurich - Credit Suisse

07.09.2016

Roadshow, Geneva - Credit Suisse

08.09.2016

EPRA Annual Conference, Paris

26.10.2016

Site Visit

11.11.2016

Vontobel Immobilientag 2016, Zurich

20.03.2017

Publication annual results 2016, media conference Zurich

20.03.2017

Roadshow

20.04.2017

General Meeting, Frauenfeld (TG)

04.09.2017

Publication half-year result 2017 with conference call and webcast

19.03.2018

Publication annual results 2017, media conference Zurich

19.04.2018

General Meeting

03.09.2018

Publication half-year result 2018 with conference call and webcast

20.09.2017

Investora 2017, Zurich

14.11.2017

Vontobel Immobilientag 2017, Zurich