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Swiss Prime Site AG ( (CH:SPSN) ) just unveiled an announcement.
Swiss Prime Site AG has acquired a modern office property in Zurich-West, fully rented by SIX Group Services AG, marking the last significant investment from its recent capital increase. This acquisition, along with previous purchases in Geneva and Lausanne, is expected to significantly boost the company’s rental income and strengthen its market position in Zurich, underscoring its strategy of enhancing portfolio value through strategic acquisitions.
The most recent analyst rating on (CH:SPSN) stock is a Hold with a CHF118.00 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 leading real estate company in Switzerland, focusing on the acquisition, development, and management of high-quality properties. The company primarily deals in office and retail spaces, with a strategic emphasis on centrally located, sustainable buildings in major Swiss cities.
Average Trading Volume: 115,676
Technical Sentiment Signal: Buy
Current Market Cap: CHF9.43B
For a thorough assessment of SPSN stock, go to TipRanks’ Stock Analysis page.