Real estate portfolio Overview of the portfolio
Investment properties
Breakdown of investment properties by economic area1
79% of the real estate portfolio comprises investment properties. These are broadly diversified in terms of both their location in Switzerland’s major economic areas and type of use. The annual potential rental income of the investment properties (excluding development properties and properties in current assets) gene rated by the rentable area of approximately 473,000 m² as at 31 December 2019 was CHF 117 million, producing stable and predictable income. The information on the economic areas is based on the detailed information on commercial and residential properties set out in the Property details section (see page 108 and following).
% 1 2 3 4 5
Zurich French-speaking Switzerland North-western Switzerland Eastern Switzerland Central Switzerland
4
5
4.4 2.8
3 9.5
43.1 1 1 Breakdown
of fair values/ carrying amounts of properties by economic area (investment properties). 2
40.2
Details of the investment properties 31.12.2019
Zurich area Fair value TCHF1
1,119,534
Target rental income TCHF
48,613
Vacancy rate in %
3.3
Rentable area in m²
186,215
In-house portfolio management
Mobimo manages the portfolio through its own in-house management team and with its own facility management unit, which gives it proximity to the market and to its tenants. Mobimo ensures a high level of occupancy, imposes lean cost management and implements appropriate marketing strategies. The portfolio management team also helps preserve and enhance value through the portfolio strategy.
French-speaking Switzerland Fair value TCHF1
1,044,375
Target rental income TCHF Vacancy rate in % Rentable area in m²
%
3.6
1 2 3 4 5 6
161,448
North-western Switzerland Fair value TCHF
247,460
Target rental income TCHF
11,509
Vacancy rate in %
6.2
Rentable area in m²
Rental income by type of use1
45,475
71,169
Residential Office Retail Hotels/catering Industry Other use2
6 5 4
of target rental income by type of use (investment properties). 2 Other use mainly comprises car parks and ancillary uses.
10.3 6.1 38.8 1
10.0
1 Breakdown
3
11.2 23.6
Eastern Switzerland
2
Fair value TCHF
115,520
Target rental income TCHF
7,277
Vacancy rate in %
2.5
Rentable area in m²
34,458
The five biggest tenants generate 21.7% of rental income. The existing fixed-term rental agreements primarily have a medium to long-term maturity profile. The average residual term is 7.0 years.
Central Switzerland Fair value TCHF
73,210
Target rental income TCHF
4,387
Vacancy rate in %
7.4
Rentable area in m²
19,506
Total Fair value TCHF
2,600,099
Target rental income TCHF Vacancy rate in % Rentable area in m² 1 For
12
included owner-occupied properties, the carrying amount is used.
Mobimo Annual Report 2019
117,261 3.8
Shares of the five biggest tenants % 1 2 3 4 5
SV Group Swisscom Group Coop Group Senevita AG Rockwell Automation Switzerland 6 Other tenants
1 6.6
472,796 78.3 6
2 6.5
3 3.0 4 2.9 5 2.7