EQS-Adhoc
Very successful first half-year for Mobimo - Seite 3
4.08%), which once again had a particularly positive impact on residential
property valuations. The revaluation of investment properties and of
investment properties under construction resulted in net income of CHF 20.9
million (HY 2015: CHF 9.7 million).
Brisk construction activity and good marketing successes
The Mobimo Group currently has major construction sites in Zurich, Kriens
and Aarau. In late summer 2016, the foundation stone will be laid for the
Labitzke site, which will feature 277 rental apartments as well as
commercial and retail space, while the first ground will be broken on the
Mattenhof in Kriens for the development of an urban district that is to be
subject to mixed usage. With Swisscom as anchor tenant, the letting rate
was in excess of 60% before construction started. Good progress has been
made on the completion of the 92 condominiums in Aarau's Aeschbach
district. 50% of the attractive city apartments that will be ready for
letting in 2017 have already been sold. Construction work has also started
on the 185 rental apartments that are earmarked for completion in 2018.
Mobimo started on the construction of Les Garages in the southern part of
Lausanne's Flon district, which is to feature attractive commercial space.
Outlook
The economic environment proved to be better than expected given the
strength of the Swiss franc. The real estate market remained attractive,
which could be largely attributable to extraordinarily low interest rates.
The company expects demand for residential property to remain stable,
particularly in the urban centres. Office and sales space in prime
locations and in high-quality properties continue to be in demand, although
a measure of restraint has been evident among market participants in terms
of new rentals and re-lettings. In this market environment, Mobimo is well
positioned with an attractive portfolio and a well-filled development
pipeline. The company's flexible business model enables it to make targeted
use of opportunities as they arise. The Board of Directors and Executive
Board continue to assess the outlook for the Group's future as being
positive.
Detailed reporting: You can find the Half-Year report at www.mobimo.ch.
Telephone conference (in German) for analysts and media representatives
today at 10.00 a.m.: Christoph Caviezel (CEO) and Manuel Itten (CFO) will
present the results and will be available to answer any questions.
Dial-in number: +41 44 580 72 18 | Conference-ID: 5741647
Access to PowerPoint presentation: http://mobimo040816-live.audio-
webcast.com
Telephone conference (in English) for analysts and media representatives
today at 2.00 p.m.: Manuel Itten (CFO) will present the results and will be
available to answer any questions.
Dial-in number: +41 44 580 72 15 | Conference-ID: 4229652
Access to PowerPoint presentation: www.audio-webcast.com
(password: mobimo0816en)
If you have any questions, please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86
ir@mobimo.ch
www.mobimo.ch
About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties offering steady returns and
development properties with significant appreciation potential.
Investments are made in promising locations, mainly in the economic areas
of Zurich and Lausanne / Geneva, together with those of Basel, Lucerne /
Zug, Aarau and St. Gallen. With a property portfolio that has an overall
value of around CHF 2.5 billion, Mobimo is one of the leading real estate
companies in Switzerland. The pipeline includes development properties for
the company's own portfolio with an investment volume of approximately CHF
0.7 billion (as at 30 June 2016).
End of ad hoc announcement
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04.08.2016 News transmitted by Tensid EQS AG. www.eqs.com
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489043 04.08.2016
The economic environment proved to be better than expected given the
strength of the Swiss franc. The real estate market remained attractive,
which could be largely attributable to extraordinarily low interest rates.
The company expects demand for residential property to remain stable,
particularly in the urban centres. Office and sales space in prime
locations and in high-quality properties continue to be in demand, although
a measure of restraint has been evident among market participants in terms
of new rentals and re-lettings. In this market environment, Mobimo is well
positioned with an attractive portfolio and a well-filled development
pipeline. The company's flexible business model enables it to make targeted
use of opportunities as they arise. The Board of Directors and Executive
Board continue to assess the outlook for the Group's future as being
positive.
Detailed reporting: You can find the Half-Year report at www.mobimo.ch.
Telephone conference (in German) for analysts and media representatives
today at 10.00 a.m.: Christoph Caviezel (CEO) and Manuel Itten (CFO) will
present the results and will be available to answer any questions.
Dial-in number: +41 44 580 72 18 | Conference-ID: 5741647
Access to PowerPoint presentation: http://mobimo040816-live.audio-
webcast.com
Telephone conference (in English) for analysts and media representatives
today at 2.00 p.m.: Manuel Itten (CFO) will present the results and will be
available to answer any questions.
Dial-in number: +41 44 580 72 15 | Conference-ID: 4229652
Access to PowerPoint presentation: www.audio-webcast.com
(password: mobimo0816en)
If you have any questions, please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86
ir@mobimo.ch
www.mobimo.ch
About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on
the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive
portfolio mix of investment properties offering steady returns and
development properties with significant appreciation potential.
Investments are made in promising locations, mainly in the economic areas
of Zurich and Lausanne / Geneva, together with those of Basel, Lucerne /
Zug, Aarau and St. Gallen. With a property portfolio that has an overall
value of around CHF 2.5 billion, Mobimo is one of the leading real estate
companies in Switzerland. The pipeline includes development properties for
the company's own portfolio with an investment volume of approximately CHF
0.7 billion (as at 30 June 2016).
End of ad hoc announcement
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04.08.2016 News transmitted by Tensid EQS AG. www.eqs.com
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489043 04.08.2016
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