Swiss Prime Site Expands Portfolio with Lausanne Office Acquisition

An announcement from Swiss Prime Site AG ( (CH:SPSN) ) is now available.

Swiss Prime Site AG has acquired a modern office property in Lausanne-West, enhancing its Western Switzerland portfolio. This acquisition, part of the company’s ongoing expansion strategy, promises a net rental income of CHF 4.75 million annually with a 4.0% yield and a 100% occupancy rate. The property, which meets high sustainability standards, is fully leased to renowned tenants from technology, defense, and research sectors, reflecting the region’s growth and attractiveness. This move aligns with Swiss Prime Site’s focus on modern, centrally located properties and supports its goal of achieving CHF 17 million in rental income by 2026.

The most recent analyst rating on (CH:SPSN) stock is a Hold with a CHF108.00 price target. To see the full list of analyst forecasts on Swiss Prime Site AG stock, see the CH:SPSN Stock Forecast page.

More about Swiss Prime Site AG

Swiss Prime Site AG is a prominent real estate company focused on acquiring and managing high-quality, modern properties, particularly in prime locations. The company emphasizes sustainability and innovation in its portfolio, catering to national and international tenants across various sectors.

Average Trading Volume: 143,203

Technical Sentiment Signal: Buy

Current Market Cap: CHF9.2B

See more insights into SPSN stock on TipRanks’ Stock Analysis page.