Ina Invest Shows Strong Growth in First Half of 2024

Ina Invest, a Swiss real estate firm listed on the SIX Swiss Exchange, reported a 63% increase in operating profit (EBIT) to CHF 6.9 million for the first half of 2024, compared to CHF 4.2 million the previous year. The real estate portfolio's value climbed by CHF 10.5 million to CHF 847 million due to positive market value changes and investments.

Rental income held steady at CHF 7.6 million, with significant contributions from properties in Winterthur and Lancy. However, some properties in Geneva became vacant pending renovations.

Development projects saw substantial milestones. Building permits for projects in Zurich and Geneva were obtained, with construction scheduled to start between late 2024 and early 2025. Ina Invest also received approval for the "Bredella West" master plan in Pratteln.

The company's commitment to sustainability remains strong, with CO₂ budgets allocated for development phases and plans for energy and sustainability certifications for all projects. At the April 2024 AGM, shareholders approved the merger with Ina Invest Ltd, boosting market capitalization by 40% to CHF 282 million.

Looking ahead, the Board of Directors and Executive Board are optimistic, reaffirming medium-term aims of expanding the portfolio to over CHF 2 billion and achieving a return on equity of over 6%.