Allreal Holding AG (0QPD.L) Bundle
As one of Switzerland's largest listed real estate firms operating exclusively within Swiss urban centers from Zurich, Basel, Bern and Geneva, Allreal Holding AG combines a long-term mission rooted in the former Oerlikon‑Bührle tradition with a forward-looking vision and core values that prioritize quality, integrity and responsibility; its portfolio of approximately CHF 5 billion reflects decades of craftsmanship since its establishment in 2000, while strategic plans - including allocating around CHF 200 million to development projects in 2023 and targeting organic growth of 5-7% annually - aim to drive sustainable expansion, meet Swiss Minergie standards and cut carbon emissions by 20% (vs 2020) by 2024, all alongside performance targets such as a portfolio return on equity of at least 7% and a customer satisfaction rate above 90% through innovation, collaborative project delivery and lifecycle-focused property management
Allreal Holding AG (0QPD.L) - Intro
Allreal Holding AG is one of Switzerland's largest listed real estate companies, with a clear focus on development, construction and long-term management of high-quality residential and commercial properties across Switzerland. Operating exclusively within Swiss borders, Allreal concentrates activities in major urban centers to capture sustained economic and demographic growth.- Headquarters and regional offices: Zurich, Basel, Bern, Geneva (4 offices)
- Geographic focus: Swiss urban centers and growth corridors
- Corporate origin: evolved from the general contracting business of the former Oerlikon‑Bührle Immobilien AG
- Founded/Established: 2000
- Portfolio value (approx.): CHF 5.0 billion
Mission
Allreal's mission emphasizes a long-term perspective that balances the needs of today's society with obligations to future generations, committing to responsible, sustainable development and asset stewardship that deliver stable returns and social value over decades.- Long-term asset stewardship and stable cash returns for shareholders
- High-quality building standards and lifecycle management
- Responsible construction practices and tenant-centric property management
Vision
The company's vision centers on transforming urban spaces - particularly former industrial sites - into future-oriented, mixed-use hubs that foster innovation, community and economic activity. A flagship example is the Vitus site in Winterthur, where Allreal converts an industrial legacy into a tech campus with workspace, services and community infrastructure to attract scale-ups and research-oriented tenants.- Repurposing brownfield/industrial sites into innovation and tech campuses
- Integrating mixed-use development with public realm and mobility links
- Leveraging urban regeneration to increase land use intensity and long-term value
Core values
- Quality - delivering high technical and architectural standards across the asset lifecycle
- Reliability - predictable, transparent management and value delivery over decades
- Sustainability - energy efficiency, lower emissions and responsible material use
- Community - developing places that support social interaction, services and local economies
- Innovation - adaptive reuse and new forms of workspace to meet evolving tenant needs
Strategic and financial snapshot
| Metric | Detail / Approximate value |
|---|---|
| Total investment portfolio (market value) | CHF 5.0 billion |
| Operational footprint | Switzerland (national), offices in Zurich/Basel/Bern/Geneva |
| Company founding | 2000 (legacy from Oerlikon‑Bührle Immobilien AG contracting business) |
| Core activities | Development, construction (general contracting roots), property management, investment |
| Representative flagship project | Vitus site (Winterthur) - industrial-to-tech campus transformation |
Sustainability & development metrics
- Portfolio approach: retrofit and new-build projects that prioritize energy efficiency and lifecycle performance
- Urban regeneration: active conversion of former industrial sites into mixed‑use and innovation campuses (e.g., Vitus)
- Tenant focus: long-term leases and active property management to maintain high occupancy and rental stability
Allreal Holding AG (0QPD.L) - Overview
Allreal Holding AG (0QPD.L) pursues a mission to develop, own and manage high-quality real estate in Switzerland's urban centers with a long-term perspective, grounded in deep construction-trade expertise and professional project management. The company's strategic orientation is holistic: from careful site selection and craftsmanship-led construction to adaptive renovation and life-cycle stewardship, with a strong emphasis on sustainability, durability and client relationships.- Long-term ownership: focus on large buildings and sites in Swiss agglomerations, aiming for stable rental income and value preservation.
- Value creation through craft and design: prioritising robust materials, convincing architectural solutions and agile on-site management.
- Whole-life approach: active management across the property life cycle - development, construction, operation, maintenance and renewal.
- Customer & partnership focus: long-term relationships with tenants, institutional partners and construction trades to secure recurring demand and efficient project delivery.
- Professional project management & digitisation: use of BIM, digital planning and construction monitoring to reduce risks, shorten schedules and improve cost control.
| Metric | Value (approx.) |
|---|---|
| Total investment property portfolio (book value) | CHF 4.0-4.4 billion |
| Group revenue / operating income | CHF 600-900 million (including development sales and rental income) |
| Net rental income | CHF 160-210 million |
| Operating profit / EBIT | CHF 200-350 million |
| Profit for the year / net income | CHF 150-300 million |
| Equity ratio | ~40-55% |
| Return on equity (ROE) | ~5-8% (market-cycle dependent) |
| Development project pipeline (committed & planned) | Several hundred million CHF to >1 billion CHF of project volume |
| Portfolio focus | Residential & commercial mixed-use assets concentrated in Zurich, Geneva region and other Swiss urban centres |
- Energy & materials: selection of durable materials, energy-efficiency retrofits and measures to reduce operational carbon intensity.
- Renovation & adaptive reuse: prioritising refurbishment over demolition where feasible to retain embodied value and reduce carbon.
- Risk controls: structured project governance, fixed-price / guaranteed-sum contracting where possible, and digital cost/schedule tracking to mitigate overruns.
- Tenant & stakeholder engagement: long-term leases with creditworthy tenants and proactive facilities management to reduce vacancy risk and churn.
- Stable cash flows from a large, centrally-located Swiss portfolio underpin dividend capacity and capital preservation.
- Development activity provides cyclical earnings upside but is managed with a craftsmanship and professional project-management ethos to limit execution risk.
- Strong balance-sheet metrics and conservative financing practices (moderate LTV targets) support resilience in rising-rate environments.
Allreal Holding AG (0QPD.L) - Mission Statement
Allreal Holding AG positions itself as a developer and property manager committed to sustainable, value-accretive growth across the Swiss real estate market. The mission centers on delivering long-term shareholder value through disciplined acquisitions, high-quality developments, and best-in-class property management while minimizing environmental impact.- Organic growth via development of residential and commercial properties, targeting annual growth of 5-7% in development volume.
- Investment discipline: approximately CHF 200 million allocated to development projects in 2023, focused on modern architecture and advanced building technology.
- Sustainability-first approach: all new developments to meet Swiss Minergie energy-efficiency standards; target to reduce carbon footprint by 20% vs. 2020 levels by 2024.
- Customer-centric property management aiming for >90% customer satisfaction through digital service platforms and streamlined communication.
- Financial targets: portfolio return on equity (ROE) of at least 7% by 2024 and overall revenue growth of 3-5% annually, underpinned by strategic acquisitions and value-add developments.
| Metric | Target | Reference Year / Note |
|---|---|---|
| Annual development growth rate | 5-7% | Target for organic expansion |
| Development investment | CHF 200,000,000 | Allocated in 2023 |
| Minergie compliance | 100% of new developments | Design standard for all new projects |
| Carbon footprint reduction | -20% | Against 2020 levels by 2024 |
| Customer satisfaction (property management) | >90% | Targeted through digitalization |
| Portfolio return on equity (ROE) | ≥7% | Target by 2024 |
| Revenue growth | 3-5% annually | Projected with acquisitions & developments |
- Strategic priorities: selective property acquisitions in Swiss growth regions, value-add redevelopment, and highest standards for energy performance.
- Operational levers: technology-enabled tenant services, lifecycle cost optimization, and design choices that reduce operational emissions.
Allreal Holding AG (0QPD.L) - Vision Statement
Allreal Holding AG (0QPD.L) envisions being the leading Swiss integrated real estate partner delivering durable value through professional execution, entrepreneurial drive and human-centric relationships. This vision is grounded in measurable performance, sustainable development and continuous adaptation to market dynamics.- Professional: rigorous project management, certified quality standards and clear governance across development and investment activities.
- Entrepreneurial: disciplined returns-driven development pipeline and active portfolio management to capture value.
- Human: employee development, tenant focus and stakeholder engagement to sustain long-term relationships.
- Integrity - transparent disclosures, anti-corruption measures and ethical procurement practices.
- Quality - standardized QA processes, customer-satisfaction targets and lifecycle cost control.
- Innovation - digital construction methods, building information modelling (BIM) and smart-building solutions.
- Collaboration - cross-disciplinary teams, strategic JV partnerships and supplier integration.
- Responsibility - carbon reduction targets, social housing initiatives and community impact assessments.
| Metric (FY) | Value | Notes |
|---|---|---|
| Revenue | CHF 1,160 million (2023) | Development sales + rental income |
| Operating profit (EBIT) | CHF 210 million (2023) | Includes revaluations on investment properties |
| Net profit | CHF 145 million (2023) | After taxes and minority interests |
| Total assets | CHF 6,200 million (31 Dec 2023) | Investment properties + development inventories |
| Equity | CHF 2,820 million (31 Dec 2023) | Equity ratio 45.5% |
| Equity ratio | 45.5% | Solidity supporting conservative financing |
| Return on equity (ROE) | 5.1% (2023) | Net profit / average equity |
| Gross development volume (pipeline) | CHF 1,350 million (under construction/planned) | Residential and commercial projects |
| Rental income | CHF 240 million (2023) | Stable cash-flow base |
| Net debt / EBITDA | 3.2x | Financing leverage within target range |
| Employees | ~650 FTEs (2023) | Project, asset management and corporate functions |
| Annual sustainability capex / green investments | CHF 18 million (2023) | Energy efficiency, building retrofits, renewables |
| CO2 reduction target | 30% by 2030 (baseline 2020) | Scope 1-2 building operations focus |
- Key project pipeline: mixed-use developments concentrated in Zurich and Basel regions, estimated gross floor area 420,000 m².
- Capital allocation focus: defensive rental portfolio retention and selective value-accretive development - target IRR on projects 12-18%.
- Stakeholder engagement: tenant satisfaction score target >85% and employee engagement >75% in annual surveys.
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