Geneva, January 13, 2025
Dominicé, a recognized player in real estate investment, announces the completion of two major acquisitions, further strengthening the Dominicé Swiss Property Fund portfolio in the canton of Geneva. These transactions demonstrate the strength of Dominicé’s investment strategy, which focuses on high-quality properties in strategic locations.
A prime investment in the heart of Geneva
The first property, located at 16, Rue Jean-Antoine-Gautier in Geneva, was acquired for CHF 25.1 million, with a gross yield of 4.2%. This residential building, originally structured as PPE (condominium ownership), benefits from an exceptional location in central Geneva, near public transport, shops, schools, and Lake Geneva. The apartments, ranging from studios to 4-room units, are highly sought-after, most featuring balconies, and the vacancy rate is 0%.
A renovation of common areas in 2024 has ensured the building remains in excellent condition. Furthermore, it presents strong value appreciation potential, with an estimated rental reserve of 47%.
A roof extension project is under study, which will add 330 m² of additional rental space. These works, combined with an energy-efficient renovation of the existing infrastructure, will aim to enhance the building’s energy efficiency, reduce its carbon footprint, and maximize its profitability.
New HPE-certified building in Versoix
The second property, located at Chemin de Pont-Céard 2, 2a, 2b and Route de Suisse 117, 119, 121 in Versoix, was acquired for CHF 16.7 million, with a gross yield of 4.0%.
Built in 2023 and certified Haute Performance Énergétique (HPE), this new building stands out for its exceptional construction quality and strategic location near the lake, public transport, and local amenities. Designed to meet the highest energy efficiency standards, it ensures lower operating costs and a reduced environmental footprint.
With a 0% vacancy rate, the property comprises 2 to 5-room apartments, all featuring balconies, as well as an underground garage and green spaces. A commercial unit is already leased to a well-known brand for 10 years, ensuring stable rental income.
Thanks to its HPE certification, the property benefits from significant tax advantages, including a 20-year exemption from property tax. In the long term, a two-story rooftop extension is being considered, further enhancing its potential.
Ongoing Acquisitions in the Canton of Vaud
In parallel, Dominicé continues its expansion strategy with two acquisitions in the finalization phase in the canton of Vaud. These two 100% residential properties, with a total rental income of CHF 1.7 million, stand out due to their diverse unit mix, ranging from studios to 6.5-room apartments. Their spacious layouts meet current comfort and functionality expectations, further enhancing the attractiveness of these assets.
The first building, signed in December, is currently awaiting a decision on the possible exercise of a pre-emption right, expected by the end of February 2025. The second building is expected to be finalized in the coming weeks.
With an attractive rental reserve estimated at 66% by expert evaluations, these acquisitions align perfectly with Dominicé’s strategy of strengthening a high-quality portfolio while capitalizing on strong value appreciation potential. If these acquisitions are completed, the portfolio’s value could reach CHF 741 million.
Portfolio Optimization: Sale of a Commercial Asset
As part of our portfolio optimization strategy, we have sold the property located at 140, Rue du Centre in Saint-Sulpice for CHF 3.95 million.
This commercially oriented and small-scale asset no longer aligned with our investment strategy, which focuses on residential properties with strong value appreciation potential. Additionally, its ESG performance did not meet our standards.
This sale, completed with a positive margin, illustrates our commitment to refocusing our portfolio on assets that are fully aligned with our long-term vision.
A Robust Portfolio with Promising Prospects
With these strategic acquisitions, Dominicé strengthens its position as a key player in the real estate sector in Western Switzerland. By integrating energy-efficient and ESG-compliant assets, the company reaffirms its ambition to build a resilient portfolio that adapts to environmental challenges.
These investments reflect our commitment to balancing financial performance with social responsibility.
About Dominicé Swiss Property Fund
With a real estate portfolio valued at CHF 694 million, the Dominicé Swiss Property Fund (DSPF) follows an investment strategy focused on acquiring residential rental properties in Western Switzerland. The goal is to invest in attractive housing near key amenities and public transport.
This strategy aims to generate risk-adjusted positive returns in Swiss francs. In an increasingly competitive rental market, Dominicé creates value through a rigorous selection process and its ability to develop and promote real estate projects.
This inherently defensive investment approach is inflation-resistant, while still generating positive returns in Swiss francs.
