on Baloise Asset Management AG (isin : CH0414551033)
Baloise Swiss Property Fund records strong operating result for the first half of 2023/2024
The Baloise Swiss Property Fund (BSPF) posted an increase in its results for the first half of the 2023/2024 financial year, listed on the Swiss stock exchange SIX Swiss Exchange. Net profit reached CHF 11.25 million, up 28.4%, with a reduction in the rental loss rate to 3.2%. Renovation projects have also moved forward.
Jan Hagen, fund manager at Baloise Asset Management SA, attributed this performance to a strategy of portfolio rejuvenation and diversification. A capital increase of CHF 125 million was carried out in September 2023, creating the basis for future growth.
Theoretical rental income increased by 21.3%, reaching CHF 21.38 million. Construction projects in La Tour-de-Peilz and Zurich include energy improvements and a new construction in Kriens is progressing as planned, with certification in compliance with ecological standards.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Baloise Asset Management AG news