SF Retail Properties Fund: Performance 3rd Quarter 2023

Six projects were in the realisation phase. Thanks to these construction projects and overall renovations, long-term contracts with a fixed term of 10 to 15 years were signed. Rental income will increase by around CHF 900 000 in the coming year. Further rental agreements signed in Basel, Delémont and Bioggio underline the stability of the portfolio. 

The property in Flums was handed over to the tenant Migros in July. Following the installation of the new Migros format, the opening was celebrated at the end of September. You can find out more here

The building in Aigle was completely renovated and modernised both visually and in terms of energy efficiency. In future, Coop will heat its own space using heat recovery from the commercial refrigeration system. The opening took place on 1^st November 2023. You can find more details here.

The buildings in St-Prex and Geneva Champel in western Switzerland were also renovated and upgraded. In Hinwil, a building was handed over to the new tenant Müller Drogerie. Sales will start in December 2023 in the middle of the Christmas season. Last but not least, the new building in Flawil will also be completed. Aldi will celebrate the opening of a new sales area on 7 December 20223. The flats in the same building will be handed over to the tenants between January and March 2024.