Merger with strong figures Ina Invest and Cham Group
The property companies Ina Invest and Cham Group are entering their planned merger with positive business results. A powerful and forward-looking look at developments in the property sector.
Cham Group recorded a remarkable increase in the value of its property portfolio of CHF 184.7 million to a total of CHF 703.2 million in the last financial year. This positive development is attributable to several factors. Progress in the planning and construction development of the neighbourhood, high demand for the space being created and a favourable interest rate environment. These factors have significantly increased the Cham Group’s earnings potential.
The Cham Group’s net profit totalled CHF 168.2 million, compared with CHF 15.6 million in the previous year. In addition, rental income increased by 9.8 per cent to CHF 8.1 million. The operating result before revaluation totalled CHF 6.7 million. With an equity ratio of 73.5 per cent and an unchanged dividend of CHF 12 per share, Cham Group has a solid financial basis.
Operational strength despite special factors
Ina Invest was operationally in the black in the past financial year, but suffered a net loss of CHF 17.4 million. This loss is mainly due to a payment of CHF 34.7 million to Implenia, which was made as part of the planned merger with Cham Group. Excluding this one-off effect and taking into account changes in market value, EBIT totalled CHF 20.4 million.
Ina Invest’s property portfolio is estimated at CHF 862 million at the end of 2024, with revaluations of CHF 15.4 million. Rental income remained constant at CHF 15.4 million. Despite the challenges, Ina Invest plans to distribute a dividend of 20 centimes per share.
Merger to form Cham Swiss Properties AG
The planned merger of Ina Invest and Cham Group will create a new property company with a combined portfolio of around CHF 1.6 billion. The merged company will have a residential share of around 60 per cent and an equity ratio of around 57 per cent. This merger promises to combine the strengths of both companies and offer a diversified, sustainable property portfolio.
The shareholders of both companies will vote on the merger at the Annual General Meetings on 31 March. The approval of the shareholders will be decisive in realising the strategic goals of the new Cham Swiss Properties AG.
A strong future
The merger of Ina Invest and Cham Group offers the opportunity to create a leading property company in Switzerland. With a high-quality, sustainable portfolio and a solid financial base, the two companies are well positioned to move into the future together. The synergies from this merger could lead to further increases in value and an improved market position.
The property industry will be keeping a close eye on developments surrounding Cham Swiss Properties AG, as the merger signals the trend towards consolidation and strategic realignment in a highly competitive market.
This more comprehensive article provides a detailed and forward-looking overview of the upcoming merger of Ina Invest and Cham Group, as well as their financial performance and strategic direction.