The Segment Development, which includes all the Group’s real estate project development activities, posted record results for the third year in a row. Operating income came to CHF 39.2 million, an increase of 6.1 percent on the previous year (2016: CHF 37.0 million).
From initial idea through to finished building project – Implenia is Switzerland’s leading real estate developer.
Land reserves, m2
Homes in development
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The results reflect the quality of the project pipeline, which also ensures future business for the segment and, not least, provides a significant volume of work for the other Business Units Buildings and Construction Switzerland. The market outlook could weaken a little owing to slightly lower demand in residential construction, but thanks to low interest rates, the investment environment remains positive. The dynamism of the two regions around Zurich and Lake Geneva is likely to continue.
The development projects on the former Sulzer site in Winterthur reached some important milestones in 2017. At the emerging “Lokstadt” district, new properties for homes, work and leisure are being developed and built in several stages over the next ten years. Winterthur’s first 2000-Watt neighbourhood will ultimately provide new housing for 1,500 people. For the first building, known as the “Krokodil”, Implenia signed contracts with three strong partners during the first half of 2017, securing investments of around CHF 100 million. Meanwhile, Implenia is also building Switzerland’s biggest timber-built residential development, “sue&til”, in Winterthur’s Neuhegi district.
“Krokodil”, Lokstadt, Winterthur
Implenia is building a diverse and sustainable new urban neighbourhood in the middle of Winterthur. Its name, “Lokstadt”, refers to the city’s past while simultaneously pointing to the future. “Krokodil” is the first building in the new Lokstadt neighbourhood. This residential complex, which brings four different types of home under one roof, is made mostly of wood and is designed to meet “2000-Watt Society” targets. Its 2,000 m2 courtyard is conceived as a green oasis. This major project gives Implenia and Winterthur’s city authorities a unique opportunity to build a significant urban development on the old Sulzer site right in the heart of the city. The homes will be ready for occupation in 2021.
Implenia, working as total contractor, is building a new complex in Pregny-Chambésy to house India’s consulate and mission. The building consists of two separate areas, one for the consulate and the other for the mission. A multi-purpose hall (480 m2) is being built for cultural events hosted by the mission. This new contract to develop and construct a mission underlines Implenia’s continually growing expertise in producing buildings with higher-level security requirements. Handover of the completed building to the client is scheduled for December 2020.
The new “La Petite Prairie” district, 80 percent of which will be devoted to housing, is being built on a 97,000 m2 site on the edge of Nyon. The second stage of construction consists of five rental properties with 241 homes and shops. Implenia, together with the Simple Petite Prairie Company, is responsible for project development, and as total contractor for the actual execution of the build. Each property in the 28,000 m2 development is being constructed to the Minergie standard. Building starts at the end of May 2018, with completion planned for 2021.