The year 2023 is characterised by the sharp rise in interest rates, which is reflected in the income statement in the form of significantly higher refinancing costs.
This will be offset by successful lettings in the portfolio and the first-time rent increases due to the rise in the reference interest rate will also provide some relief from the third quarter of 2023.
The current focus is on streamlining the portfolio by divesting properties of below-average location and property quality. This will reduce external debt and create capacity for acquisition opportunities and project financing.
Further progress was made in the area of sustainability through the completed and ongoing refurbishments in Basel and Ehrendingen.
In addition, 4 out of 5 stars were achieved in the first GRESB assessment.