PSP Swiss Property: Best Real Estate Portfolio Growth Strategy Switzerland 2023
PSP Swiss Property is a publicly listed company with a real estate portfolio of office and commercial buildings worth more than $10.9bn. The holding company’s shares have been traded on the SIX Swiss Exchange since 2000. PSP Swiss Property continues to develop core activities, such as the leasing of commercial space, with the objective for long-term value creation and sustainable asset management. It has completely transformed the debt book, shifting $4.3bn in public bonds and outstanding loans towards green bonds and sustainability-linked loans. PSP Swiss Property now ranks as the largest issuer of green bonds in Switzerland. It has achieved a 4.5 percent increase in property income and a 2.6 percent increase in total assets in the first three quarters of 2023 versus the same period in 2022. PSP Swiss Property recently purchased a modern and centrally located property in Zurich, moving decisively on the acquisition while competing interests were still analysing the market and seeking funding. The company executed a $244.2m deal for the property. It realised that the acquisition and asset yield would align perfectly within the PSP portfolio, thanks to valuable insights from a team member with firsthand experience on the original building construction. PSP Swiss Property has offices in Zurich, Geneva and Basel. Low vacancy rates across the real estate portfolio contribute to a solid capital structure and confident outlook. The CFI.co judging panel announces PSP Swiss Property as the 2023 award winner for Best Real Estate Portfolio Growth Strategy (Switzerland).
