Most of our real estate activities and investments (through both public and private investment vehicles) are centred on the urban mid- and low-rent residential market segments – a sector considered a safe haven during market downturns. We are pleased to report that our rental activities have been broadly unaffected by the current crisis.
Our exposure to the commercial segment is very limited. Negotiations and fair agreements have been or are in the process of being concluded for some commercial tenants that have been hit hard by the current situation. Our approach is to assist those businesses in line with the recommendations of the Swiss authorities.
Patrimonium Investment Foundation’s healthcare properties investment group outlook remains positive.
Our construction projects suffered some delays at the onset of the crisis owing to the government’s requirement to stop work. Our construction team has been very proactive, however, and all of the projects are now back on track. Supply chains have not been affected, since in most cases our teams work with local, European-based contractors. They’ve also been closely monitoring the situation and identifying alternative channels as needed. Click here for an overview of our construction projects.
Our development activities, on the other hand, will be partially affected by the fact that local authorities have delayed taking certain decisions.
As in past crises, the current situation will create investment opportunities in the residential, commercial and healthcare space. We aim to make the most of these opportunities by capitalizing on our extensive sourcing network and solid transaction skills.