The real estate industry is an important part of the Swiss economy. According to a study published by the Swiss Homeowner Association (HEV), the Federal Office for Spatial Development (ARE) and the Federal Housing Office (BWO), the real estate industry contributes 18% to Switzerland’s GDP and approximately one sixth of all Swiss employees is associated with this industry.
Digitisation remains a key trend in the real estate & construction industry. Building Information Modelling (BIM)-based planning, execution and management of real estate or the implementation of artificial intelligence to increase efficiency and safety in construction processes become increasingly important. Moreover, virtual reality solutions as well as digital media is used within sales and marketing to facilitate the communication between buyers or tenants and the real estate manager.
The trend towards sustainability is also influencing the real estate & construction industry. Being a significant energy user and producer of greenhouse gases, the industry is increasingly facing criticism and demands from tenants, investors as well as the public. Sustainable investments are, however, not only positive for the environment, but also reasonable from an economic perspective, as they can significantly increase the future value of real estate.
The growth of megacities and the trend towards increasing urbanisation are important drivers in the construction industry. Furthermore, the development of high-rise residential buildings will continue to increase due to denser constructions. Technological advances as well as the trend towards sustainability are shaping urbanisation significantly. In particular, the redesign of processes to reduce emissions or material usage, for example through additive manufacturing, is highly relevant.
In the context of a spin-off, Ina Invest Holding AG was listed on the SIX Swiss Exchange in June 2020, following approval by the Annual General Meeting of Implenia AG. Ina Invest now manages the former real estate portfolio under development of Implenia with a market value of CHF 282 million.
In the context of the going private, BFW Holding AG acquired the registered shares of BFW Liegenschaften AG not yet in its possession in spring 2020. BFW Liegenschaften AG is a Swiss real estate company with a portfolio valued at CHF 333 million.
In August 2019, the Investis Group sold its subsidiary Régie du Rhône SA to Immoparticipation SA in Fribourg. Régie du Rhône offers real estate services in the French speaking part of Switzerland and generated a revenue of CHF 20 million in 2018.
IFBC was mandated by the boards of directors of Burkhalter and Poenina to prepare a Fairness Opinion in accordance with the Merger Act assessing the share exchange ratio of the planned merger between Burkhalter Holding Ltd and poenina holding ltd from a financial point of view.
The Burkhalter Group is the leading provider of electrical engineering services to the construction sector and, with almost 50 Group companies, is represented at more than 100 locations in Switzerland. The Group is headquartered in Zurich and employs more than 3’000 people. Burkhalter Holding AG is listed on the SIX Swiss Exchange and has a market capitalization of approximately CHF 400 million.
Poenina is a leading provider of services in the areas of building technology and building envelopes and is represented by 29 companies at 42 locations in Switzerland and the Principality of Liechtenstein. The headquarters are located in Opfikon (ZH). Poenina employs almost 1’500 people. poenina holding ltd is listed on the SIX Swiss Exchange and has a market capitalization of approximately CHF 280 million.
IFBC has been supporting ANLIKER for years as an external partner in the area of performance management. In addition to the development and ongoing preparation of various planning and budgeting tools, IFBC structured and implemented various reports as a basis for the financial management of ANLIKER's divisions.
ANLIKER is one of the leading construction and real estate companies in Switzerland. With locations in the market areas of Central Switzerland, Zurich, Northeastern Switzerland, Aargau, Solothurn, Basel and Berne, ANLIKER realizes projects for large companies, the federal government and cantons as well as numerous other institutional and private clients.
IFBC was engaged by the board of directors of BFW Liegenschaften AG to prepare a Fairness Opinion assessing the public tender offer made by BFW Holding AG from a financial point of view. As a qualified evaluator pursuant to Article 30(6) Takeover Ordinance, IFBC is suitably qualified to prepare Fairness Opinions.
BFW Liegenschaften AG is a Swiss real estate company quoted on the SIX Swiss Exchange with a market cap of approx. CHF 150 million as of November 2019.
On 8 August 2019, the Investis Group announced the sale of its subsidiary Régie du Rhône SA, Lancy (Régie du Rhône), to Immoparticipation SA, Fribourg.
IFBC acted as an M&A advisor to Investis within this successful sell-side transaction. As part of the transaction process, IFBC performed a valuation, searched for suitable potential buyers, organised the due diligence and assisted the Investis Group during the negotiation.
Régie du Rhône offers real estate services mainly in the French-speaking part of Switzerland and generated a revenue of around CHF 20 million in 2018 with 155 employees.
Investis is a Swiss real estate company listed on the SIX Swiss Exchange with a market capitalisation of around CHF 900 million (August 2019).