Cham Swiss Properties increases rental income amid project expansion

Cham Swiss Properties reported a 5% increase in rental income to CHF 13.7 million for the first half of 2026, following the merger of Cham Group and Ina Invest. The company’s real estate portfolio is valued at CHF 1.76 billion, with a vacancy rate of 5%.

Despite the rise in rental income, net profit fell to CHF 8.4 million from CHF 144 million in the previous year. This decline is attributed to a significant reduction in gains from property revaluations and the absence of income from the sale of promotional properties, which had contributed CHF 37.3 million in the prior period. Operating income (EBIT) excluding revaluation effects stood at CHF 5.5 million.

The company is currently investing CHF 172 million into six yield-oriented projects in Zurich, Geneva, and Cham. Major developments include the Bredella and Papieri areas. While the historical boiler house at the Papieri site is fully leased, the rezoning of the Pavatex area is currently delayed due to a voting complaint, with a vote expected in 2027.

Financially, Cham Swiss Properties has seen an increase in financial liabilities to CHF 627 million, raising the loan-to-value (LTV) ratio from 31% to 36%. The company aims to reach a portfolio value of approximately CHF 3 billion upon completion of current projects.