Allreal Group Company Presentation 2019 Building value with real estate
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Allreal Group Company Presentation 2019 Building value with real estate
Building value with real estate
Agenda
• Allreal Group
• Real Estate division
• Projects & Development division
• A combination that builds value
• Summary
2020 Allreal Group 2
Allreal Group
General contractor with a proven business
model
Allreal Group
Real Estate Projects & Development
Commercial properties Project development
Residential properties Realisation
• Portfolio management • Development
• Technical building management • Project design and planning
• Real estate management • Realisation
2020 Allreal Group 3
Allreal Group
Lean and transparent organisation
CEO
Roger Herzog
Internal audit Sales & Internal owner Communications Human
Finance & Controlling
Contracting organisation Resources
Thomas Wapp
Real Estate Projects & Development
Alain Paratte Roger Herzog
Development Realisation
Stefan Dambacher Management team
• Portfolio management • Construction • Calculation
• Building management • Refurbishment & • Construction
• Real estate management Conversion • Refurbishment &
• Research Conversion
2020 Allreal Group 4
Allreal Group
Market-oriented and successful
Real-estate portfolio CHF 4.16 billion*
Rental income CHF 195 million*
Construction volume p.a. CHF 352 million*
Dividend yield 4.2%*
Employees (FTE) 216
Headquarters Zurich
Branches Bern, Cham
Market capitalisation CHF 2.4 billion*
* 2018 financial year
2020 Allreal Group 5
Allreal Group
High profitability based on good results
115.0 116.1 113.3 115.6
109.1 109.7 112.6
106.1 104.6
83.1
78.4
in CHF million
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Net profit excl. revaluation effect
2020 Allreal Group 6
Building value with real estate
Agenda
• Allreal Group
• Real Estate division
• Projects & Development division
• A combination that builds value
• Summary
2020 Allreal Group 7
Real Estate – Portfolio management
Top-rated buildings at the best locations
65 residential and
commercial properties*
Vacancy rate: 2.0%*
Net yield: 4.4%*
* 2018 financial year
2020 Allreal Group 8
Real Estate – Portfolio management
Growth from own development and selective
acquisitions
4.1
3.9
3.5 3.5 3.5
2.5 2.5 2.6
2.4
2.1 2.2
Yield-producing
properties in
CHF million
as at 31.12.2018
(without Real estate under
construction) 3113 3191
2699
2817 2756
2099 911
1811 2085 2078 806 818
1783 2003 693 719
Commercial 396 444 453 511
371 370
Residential 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2020 Allreal Group 9
Real Estate – Portfolio management
Stable-income commercial and residential
buildings in Switzerland’s business centres
Portfolio investment
properties
Percentages rounded off
on the basis of market
value as at 31.12.2018
Commercial properties 77% City of Zürich 49%
Residential properties 22% Remaining Canton ZH 37%
Real estate under construction 1% Other regions 14%
2020 Allreal Group 10Real Estate – Portfolio management
High income security due to balanced mix of
usage and tenants
in % of gross rental income
2018 (rounded off)
Usage yield-producing properties Tenants commercial properties
Office/Services 61% Canton Zurich 16%
Residential 20% Generali Switzerland 8%
Trade/Warehousing 8% Allianz Suisse 7%
Parking 6% MAN Energy Solutions 6%
Retail 5% UPC Switzerland 5%
Other 58%
2020 Allreal Group 11Real Estate – Portfolio management
Balanced duration spread of rental
agreements and industry mix
23
19
13
10 10
in % of target rental
6
income commercial 5 5
4
properties (rounded off) 3
2
Rental agreements by industry (2018)
Commercial/trade 23%
2027ff.
2027
2025
unlimited
2019
2020
2021
2022
2023
2024
2026
Bank/insurance 23%
Public authorities 23%
Services/consulting 18%
IT 7%
Expiration of rental agreements
Residential 6%
Gastronomy and other 2%
2020 Allreal Group 12Real Estate – Portfolio management
Low vacancy rate reflects the the portfolio’s
high quality
7.9
7.5
5.5
5.0 5.1
4.8 4.7
4.4
3.7
2.6
2.0
in %
(calculated on basis of
gross budgeted earnings) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
2020 Allreal Group 13Building value with real estate
Agenda
• Allreal Group
• Real Estate division
• Projects & Development division
- Project development
- Realisation
• A combination that creates value
• Summary
2020 Allreal Group 14Projects & Development division
Project development
Allreal offers the entire services range from a single source:
starting with the idea for sites, grounds and properties to be
developed through to projects ready for construction with
market-oriented yield and optimal value creation.
• Site, market and needs analysis
• Development and planning of investment real estate for
investors and property owners
• Development and planning of own projects for the sale of
freehold apartments
• Providing projects ready for construction with sustained
yields
2020 Allreal Group 15P & D division – Project Development
Recognising and utilising full potential
Glatt shopping
centre
Richti site
Wallisellen
railway station
At Richti-Areal in Wallisellen, Allreal developed and realised a community with 499 apartments for rent and owner-
ship, workplaces for more than 3,500 individuals and commercial space on ground levels. The project was completed
in 2014 and complies with the vision of 2000-Watt Society. It comprises a high-rise office tower, two office buildings,
one residential and commercial building and three residential blocks. Investment volume: about CHF 800 million.
2020 Allreal Group 16P & D division – Project Development
Recognising and utilising full potential
Allreal developed and realised a project for Helvetia insurance company and for its own portfolio on the 15-hectare
Dietlimoos site in Adliswil ZH comprising 461 apartments for rent and sale and a centrally located park. The project
was divided into three sections, and for each an architecture competition was carried out among several
participants. The investment volume of the entire project completed in 2011 amounted to some CHF 250 million.
2020 Allreal Group 17P & D division – Project Development
Recognising and utilising full potential
Escher-Wyss industrial site in Zürich-West: a large part of the useful area measuring approximately 60,000 m2 is
leased to MAN Diesel & Turbo Schweiz AG until at least 2024. Beginning in 2007, Allreal developed and realised
several new buildings on the site based on the development strategy embarked on in 2005 and resulting guidelines.
The potential investment volume amounts to CHF 300 – 500 million.
2020 Allreal Group 18P & D division – Project Development
Recognising and utilising full potential
Escher-Wyss industrial site in Zürich-West: commercial building on Schiffbauplatz designed in accordance with
Minergie standard, comprising six floors and 13,000 m² floor space for office and trade use. Winning project from
the competition submitted by Baukontor Architekten. Jury decision: May 2014, construction start: 2015; completion:
2017; investment volume: CHF 74 million.
2020 Allreal Group 19P & D division – Project Development
Recognising and utilising full potential
Allreal developed and realised a project with 104 apartments for sale and seven semi-detached houses on an
excellently located site measuring about 25,000 m2 in Au-Wädenswil. The complex’s enormous appeal is based on
the modern design of the buildings and apartments and the generous layout of green spaces between the buildings.
The investment volume amounted to some CHF 82 million.
2020 Allreal Group 20P & D division – Project Development
Projects for own portfolio or sale to third
parties
In Bülach North Allreal realises 419 rental units, 76 of it for the own portfolio, 73 condominiums and space for office
and services on a piece of land close to the railway station measuring 55’250 m2. The project in realisation was the
winning project of an urban-planning competition. Investment volume: about CHF 310 million; completion and
occupation in fall 2019
2020 Allreal Group 21P & D division – Project Development
Third-party projects and execution by
Realisation department
Business School, Basel: Winning project resulting from Am Chatzenbach, Zürich Seebach: Winning project from a
investors’ competition carried out by City of Basel for competition carried out for private owners. Realisation of
school building for some 1,200 students. Construction five new buildings comprising 77 rental apartments in
sum: about CHF 69 million total. Construction sum: about CHF 35 million
2020 Allreal Group 22P & D division – Project Development
Innovative projects – attractive for investors
and users
In Oberwinterthur, Allreal developed and realised Eulachhof, Switzerland’s first zero-energy residential complex
complying with the Minergie-P-ECO-Standard. The project includes two main and four adjoining buildings
comprising 132 rental apartments, retail space in the elevated ground level and an underground parking garage with
202 spaces. The construction sum of the project realised for two institutional investors amounted to CHF 55 million.
2020 Allreal Group 23P & D division – Project Development
Innovative projects – attractive for investors
and users
Allreal developed and realised several uses for the historic Markthalle located in close vicinity to Basel’s SBB main
railway station. The project included renovation of the domed structure, restoration of the original access to the
building, extension of commercial space, renovation of the office building and construction of a residential high-rise
with 45 rental apartments. The investment volume amounted to about CHF 88 million; disposal: 2011.
2020 Allreal Group 24P & D division – Project Development
Innovative projects – attractive for investors
and users
On formerly industrially used space at Escher-Wyss-Areal in Zürich-West, Allreal developed and realised a 19-storey
residential building comprising 51 south-facing apartments and space in the elevated ground level for Zürich Opera
House’s rehearsal stages. The historic model storeroom was completely gutted and integrated into the new
development. The investment volume amounted to about CHF 50 million.
2020 Allreal Group 25Building value with real estate
Agenda
• Allreal Group
• Real Estate division
• Projects & Development division
- Project development
- Realisation
• A combination that creates value
• Summary
2020 Allreal Group 26Project & Development division
Dependable realisation
Realisation of construction projects of all sizes and levels of
complexity: new construction, conversion and renovation.
Acceptance of guarantee for price, scheduling and quality.
• Consistent focus on customer benefit
• Performance record and many years of experience ensure
maximum security and reliability
• Efficient and effective method of operation
• Best possible price-performance ratio
• Institutionalised and standardised quality assurance
2020 Allreal Group 27P & D division – Realisation
Residential complex in convincing urban
and architectural design
Twelve five and six-
storey residential
buildings comprising
209 rental apartments
and two studios on the
Dietlimoos site in
Adliswil ZH.
2020 Allreal Group 28P & D division – Realisation
High living quality at an affordable price
Residential complex
Ruggächern:
cooperative complex in
Züurich-Affoltern. 14
four to six-storey
residential buildings
comprising a total of
278 apartments.
2020 Allreal Group 29P & D division – Realisation
Cooperative residential complex for senior
citizen and families
Breitipark cooperative
residential complex in
Bassersdorf ZH with
six Minergie-standard
apartment buildings
comprising a total of 54
rental units, nursery
school, cafeteria and
recreation rooms.
2020 Allreal Group 30P & D division – Realisation
Attractive residential freehold out of the city
centre
Attractive Bruggächer
residential complex
comprising nine
Minergie-Standard-A
apartment buildings
with a total of 50
freehold units in
Mönchaltorf ZH.
2020 Allreal Group 31P & D division – Realisation
Senior citizens’ home with infrastructure for
optimal nursing and residential quality
Weissenau, three-storey
public nursing home in
Unterseen BE with 75
rooms, lounges, nurses’
stations, therapy rooms,
restaurant, cafeteria and
auditorium.
2020 Allreal Group 32P & D division – Realisation
Representative national headquarters for an
international insurance company
Office high-rise and five-
storey office building
with commercial space
on the ground floor at
Richti-Areal in
Wallisellen.
Headquarters of Allianz
Suisse.
2020 Allreal Group 33P & D division – Realisation
Flexible configuration of office building
Seven-storey Minergie-
standard office building
in Zürich Altstetten with
generously dimensioned
reception area and
numerous conference
rooms.
2020 Allreal Group 34P & D division – Realisation
Consistently designed commercial building to
suit owner’s needs
Three-storey Minergie-
P-standard
commercial building in
Lupfig AG including
warehouse in timber-
element construction.
Headquarters of
Stiebel Eltron AG.
2020 Allreal Group 35P & D division – Realisation
Conversion of former dairy-products plant
and construction of new university campus
Conversion and new
construction of former
dairy-products plant in
Zürich-West to
accommodate a
campus for two
universities of applied
sciences with some
5,000 students,
lecturers and staff and
100 rental apartments.
2020 Allreal Group 36P & D division – Realisation
Best conditions for a prosperous future
• Over 70 projects under construction
• Orders on hand for about 18 months
• Well-filled project pipeline
• Future reserve of more than 100,000 m² of land
• About 230 experienced and competent employees
2020 Allreal Group 37P & D division – Realisation
New buildings and conversions for
customers, for sale and for own portfolio
Share new construction/renovation* Projects for customers/own projects* Regional distribution*
Construction 76.0% Projects for customers 82.5% Zürich 85.4%
Renovation 24.0% Own projects for sale 10.4% Berne 8.3%
Own projects for portfolio 7.1% Cham 4.8%
St. Gallen 1.5%
* in % of project volume completed in 2018
2020 Allreal Group 38Building value with real estate
Agenda
• The Allreal Group
• Real Estate division
• Projects & Development division
• A combination that builds value
• Summary
2020 Allreal Group 39A combination that builds value
Competence and expertise across the entire
value chain
Five-storey (plus
penthouse level)
Minergie-standard
residential complex
with 118 rental
apartments, street level
commercial space and
underground parking
garage at Richti-Areal
in Wallisellen ZH.
Project development
and realisation: Allreal
Investor/owner: Allreal
2020 Allreal Group 40A combination that builds value
Competence and expertise across the entire
value chain
Lightcube, eight-storey
Minergie-standard office
building with about 600
workplaces and
Lilienthal, six-storey
Minergie-standard office
building with about 600
workplaces located at
Glattpark, Opfikon ZH.
Project development and
realisation: Allreal
Investor/owner: Allreal
2020 Allreal Group 41Building value with real estate
Agenda
• The Allreal Group
• Real Estate division
• Projects & Development division
• A combination that build value
• Summary
2020 Allreal Group 42Summary
Proven success factors
• Combination of a stable-income real-estate portfolio with
the activities of a general contractor (development and
realisation)
• Portfolio including commercial and residential properties
• Focus on Switzerland’s commercially most attractive
regions
• Taking advantage of synergies within the company
• Proven know-how and almost 50 years of experience
• Sound financing
2020 Allreal Group 43Summary
Consistently satisfying results confirm
Allreal’s strategy
Real Estate Projects & Development
Portfolio management Experience
Development
Building management Value creation
Realisation
Real Estate management Expertise
2020 Allreal Group 44You can also read
