Mobimo – a leading Swiss real estate company
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Exchange since 2005. Today Mobimo is one of the leading real estate companies in Switzerland. Following the merger with LO Holding Lausanne-Ouchy SA at the end of 2009, it now ranks as one of the biggest market players in both German-speaking and French-speaking Switzerland. Acquisitions and investments are targeted mainly in attractive locations in the business centres of Zurich, Lausanne/Geneva, Basel, Lucerne/Zug, Aarau and St. Gall.
Mobimo's business model sets it apart from its competitors.
Business model combines stable returns with growth
With a solid financing base and equity of not less than 40 % of total assets, Mobimo plans, builds and maintains returnoriented investment properties and realises development properties offering attractive potential gains.
Based on its three core competencies – buying/selling, development and portfolio management - Mobimo has successfully built up a premium investment portfolio comprising commercial, industrial and residential properties and generating broad-based rental income with steady returns. A well stocked project pipeline provides a steady supply of new investment properties to be held in the portfolio or sold to third-party investors, along with attractive condominium apartments which, when sold, will generate capital gains.
A premium portfolio
As at 31 December 2012, the real estate portfolio comprised 126 properties with a value of approximately CHF 2,355 million, which breaks down into CHF 1,558 million for investment properties and CHF 797 million for development properties. The portfolio mix is optimised on an ongoing basis, and the residential component is gradually being increased through the planning and construction of investment properties for the company’s own property portfolio. The medium-term target is for office space, residential and other commercial usage to each account for around 30% of the portfolio.
Around three-quarters of the property portfolio is invested in investment properties which are broadly diversified in terms of both location and use. The rentable area of 493,000 m² provided potential rental income of some CHF 103 million p.a. as at 31 December 2012. This means that a high proportion of revenues is stable and predictable. The company’s portfolio management team ensures close proximity to the market and allows the company to react swiftly to any changes in the market.
Development properties with appreciation potential
Mobimo is currently planning and realising investment properties (CHF 1,110 million) and condominium properties (CHF 540 million) with a total investment volume of around CHF 1,650 million. In addition to these developments, Mobimo also offers development services for third parties up to and including turn-key real estate investments for institutional and private investors. Area, site and project developments are realised in a way which meets the needs of the market and is sustainable. Cooperation with partners takes a number of different forms, and is structured in line with requirements and depending on the stage reached.
Attractive distribution yield
Mobimo has consistently generated a high dividend. Since the initial public offering in 2005, CHF 9.00 has been paid out to Mobimo shareholders each year in the form of a withholding tax-exempt nominal value repayment or capital repayment.