More than 14 football pitches of commercial space leased

In 2022, the rental volume in the commercial segment climbed by over 35 percent. The housing segment also performed well. "This enables us to achieve a rent volume of 63 million francs per year," says Marcel Stieger, Head of Tech. Asset Management Real Estate, in our video.

Text: Marcel Stieger, Head Tech. Asset Management Real Estate

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Marcel Stieger presents a selection of major deals in terms of commercial properties.

As one of the largest real estate asset managers in Switzerland, Asset Management at Zürcher Kantonalbank manages real estate assets of over 12 billion francs. The team faces the daily challenge of handling leases in around 450 properties throughout Switzerland.

In 2022, more than 1,800 apartments (+4%) and over 100,000 m² of commercial space (+35%) were re-let or newly leased together with the management partners. This is equivalent to an area of over 14 football pitches. The vacancy rate of the three Swisscanto investment products remained below 5% overall.

A wide range of factors contributed to this success. The market environment with falling vacancies also helped with housing in non-urban areas. The market for commercial space has always been a little more challenging, but has experienced a tailwind following the coronavirus pandemic. Asset Management needs to be able to negotiate and understand tenant needs in order to succeed in commercial leasing. This also includes topics such as expansion, incentives and space flexibility.

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Real Estate