Isola

ONEFOCUS

PRACTICAL EXAMPLE
ISOLA
LIVING IN A FRESH NEW SPACE
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Residential properties around Lake Zurich are highly assessment of future income is included in the calculati- Fair Solutions for All Participants Energy consumption per square meter is now much lower coveted. As a result, the spaces between buildings on of the property's value. Now, the detailed work can begin. This includes proacthan before. Soundproof windows have boosted the qualiare being filled in, factories are being repurposed and tive and open communication right from the beginning ty of life inside. The builders work with the cantonal authoproperties that are outdated are giving way to new All of this information is now used to make an initial cost and a human and professional approach to the current rities to implement these measures, with the authorities buildings. However, there are also properties that are estimate of the necessary renovations and to sketch out tenants. Most residents were aware of the status of the providing subsidies. worth carefully renovating. Property One found one the expansion options. Due diligence, an analysis of the buildings. All of the participants know that a renovation in such property in Richterswil. The nearly 60-year-old property's potential and the market analysis lead to two the narrowly defined time frame - with a scheduled cons- 16 Professions Under One Roof property was made fit for the next several decades. basic conclusions: the property has potential and it can truction time of nine months - can only be carried out if Property One carries out the entire project without the inbe renovated on a sustainable basis. the building is vacant. Simple move-out options and revolvement of a general or sole contractor. The renovation It all started with an offer that doesn't come along every latively generous deadlines are arranged for the tenants. is exemplary of the competencies the company combines day. The sellers discreetly approached Property One with Continue to Use or Renovate?
for such projects. No fewer than 16 professions and extenan off-market offer. A project involving two older apart- A modular analysis is conducted on each individual com- The renovations, which are carried out by expert regional sive expertise are combined under one roof - for successment buildings and rental apartments. The location was ponent to determine which elements have not yet reacompanies, are done in two stages. A 3D digital rendering ful real estate transactions, tailored financing solutions, especially attractive. Not more than 100 meters to the ched the end of their life cycle. A pragmatic cost-benefit of the exact spaces and dimensions of all 45 units makes project planning, renovations and conversions as well as lake, with most units providing lake views. It is only a few analysis then shows whether it is worth continuing to planning easier. The floor plans of the apartments, which the repositioning and marketing of the property. hundred meters to the village centre and the train station. use the component or if it should be renovated. In most have 2.5 to 4.5 rooms each, are made more modern and cases, the result is that it's better to tackle it now rather spacious through minor interventions. The envisaged fit- Clear planning and the ability to respond flexibly in the First, there was a quick review of the property docuthan later. A contaminant report identifies materials that out standard is higher quality, but not luxurious. An open event of unforeseen events are essential for successful ments, followed by a visual inspection of the property were installed decades ago, but which are now viewed as kitchen, new oak parquet flooring and a washing machiprojects. This allows clients and investors to maintain cost and a thorough review of the building structure. It soon problematic. In particular, this includes asbestos. The soil ne and dryer in each apartment makes the offer attractisecurity and avoid unpleasant surprises. Property One met became clear that a significant renovation was required needs also to be tested for contaminants. ve. There is also a renovated underground car park and the need for discretion during all phases of the project. The and that there was additional potential. ample outdoor parking. renewed property in Richterswil provides the participants For the purchase, a small group of investors, including with a profitable jewel in their portfolio. Market Analysis as the Basis
Property One, works together and conducts the transac- Precise planning and timely completion of the work ma- Property One Investment Management and the Develoption as a club deal (see reverse). Working with their own fikes it possible to keep the rent-free period to a minimum. Key Data for the Isola Richterswil Project ment, Planning & Building team take a closer look at the nancing specialists, they find a financing structure that is It takes just one quarter to rent out the apartments again,

• 2 properties with a total of 45 apartments floor plans. It quickly becomes clear that they should suitable for everyone involved based on the future value thanks in part to moderate rents. Most apartments are still
• Apartments with 2.5 to 4.5 rooms, 58 m2-95 m2 expand the exteriors, upgrade the attic apartments and of the building and with an optimal ratio of equity capital in the lower to middle price segment of the local rental
• Rentable space: 3,750 m2 convert the apartment kitchens into an open layout. Theand debt financing. Purchase negotiations and the transmarket.
• Duration of renovations: 9 months re is additional space in the side rooms that can be added fer of ownership proceed quickly and seamlessly. This is
• Structure of the transaction: club deal with several to the rentable space. Speaking of renting, any serious due to the many years of experience in purchasing pro- A Win for the Environment as Well investor analysis must include an assessment of the market conperties, the good relationships among the participants

The two properties have gained in environmental terms as - Project scope: acquisition, total renovation, ditions. What are the possible rents in this micro-locatiand the fact that Property One is viewed as a professional well. Thanks to a comprehensive renovation of the facare-rentin on? Will there be sufficient demand from tenants? The negotiating partner. des, the heating insulation now meets the latest standards. An open kitchen and new oak parquet flooring make the rooms feel more modern and the floor plan more spacious Attractive location: most units have lake views Further references >
CLUB DEALS
Achieve More Together
Given the current low-interest environment, institutional investors, wealthy individuals and family offices are focusing on direct investments in real estate as a sustainable investment alternative. This has helped to boost investments in tangible assets in the form of club deals. Club deal structures offer several advantages: First, they make it possible to distribute the risk across several investors. Investors who join a club can also consider purchasing larger properties than would be possible with an individual investment. Commitments generally range from the millions to the tens of millions. Second, club deals offer significant opportunities to exert influence. They make it possible to build up smaller portfolios without complex structures. Act Entrepreneurially
In general, a club deal involves two or more investors who want to implement a project together with an indefinite or a specific duration. This may involve the purchase of individual properties or entire portfolios as well as development projects. A specialist, such as Property One, is involved to help develop and structure the deal and to take care of legal, tax and technical aspects. Thus, it is a true entrepreneurial real estate investment in which the participants are actively involved. Your Advantages
Club deals offer you a vast range of opportunities - with the option of investing both in existing properties and in development projects. Property One provides you with advice and support in setting up club deals and looks for interesting investment opportunities and suitable co-investors for you. Our in-depth expertise in the preparation, administration, structuring and coordination of club deals allows you to participate in real estate as an investment professionally and worry-free. In the context of club deals, we assume responsibility for the management of the structure and the investment during the holding period on your behalf. Club deals provide investors with the opportunity to minimise their risks and optimise their returns. Our Offering

• Search for interesting investment opportunities and suitable co-investors
• Active participation of co-investors if desired
• Professional supervision and management of the club deal structure
• We coordinate all specialists and implement investments on behalf of the club
• Synergies/networking among club deal members

ABOUT PROPERTY ONE
Property One provides services spanning the entire real estate value chain. With sustainable and innovative solutions, Property One creates more value for its clients and gets people excited about real estate. At its three locations in Zurich, Zug and Ascona, the company combines expertise in the fields of investment, financing, development, execution and marketing as well as real estate family office under one roof. This comprehensive value chain allows Property One to cover the entire property life cycle. Zürich | Zug | Ascona www.propertyone.ch | E-Mail schreiben