Allreal

Name

Allreal

Legal name

Allreal Holding AG

Website

https://allreal.ch

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Real Estate Investment and Development

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Other Activities Related to Real Estate (531390)

SIC

Operative Builders (1531), General Bldg Contractors - Nonresidential Bldgs (1540), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Commercial real estate investment
• Property development services
• General contractor construction
• Real estate portfolio management
• Urban area development

Headquarters

HQ city

Baar

HQ country

Switzerland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Rental Income from Investment Portfolio: Allreal generates recurring rental income from its portfolio of residential and commercial investment properties located in urban Swiss markets, primarily Zürich and Geneva. In 2025, rental income was CHF 204 million, affected by renovations and vacancy rate of 3.4% at year-end 2025.
2. Development & Realisation: Allreal develops real estate projects for its own portfolio (held as investment property) and for sale as strata ownership (Stockwerkeigentum). The segment also includes third-party general contractor (Totalunternehmer) services. In 2025, development and realisation income reached CHF 52.9 million with a project volume of CHF 282.6 million. The order backlog stands at CHF 837 million.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Allreal operates an integrated Swiss real estate business combining three divisions under one roof: (1) Immobilien — management of an investment portfolio of ~78 residential and commercial properties (~750,000 m², market value ~CHF 5.2 billion) in Zürich and Geneva metropolitan regions; (2) Entwicklung — property development for the own portfolio, third-party institutional clients, and condominium sale; and (3) Realisation — in-house general contractor construction services using BIM and modular methods, delivering projects for Allreal and external clients.

Product overview

Allreal is a Swiss listed real estate company combining three integrated business lines under one roof: Immobilien (property portfolio management), Entwicklung (development), and Realisation (construction). The core portfolio holds approximately 78 properties totaling over 750,000 m² of rentable space in the Zurich and Geneva metropolitan regions, generating stable rental income. The development division creates new residential and commercial projects both for the portfolio and for sale as condominiums (Stockwerkeigentum), supported by the in-house construction team that executes all projects as general contractor. The three divisions operate as an integrated model: portfolio rental income provides financial stability, development generates growth and NAV appreciation, and the construction team ensures efficient delivery and portfolio optimization. Supporting digital tools include BIM services (BIM) for planning and facility management handover, the PIKA platform for condominium buyer coordination, and a digital Mieterportal (imofix) for tenant services.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Portfolio (Immobilien) Allreal's investment portfolio of approximately 78 residential and commercial properties covering over 750,000 m² of rentable space in Zürich and Geneva metropolitan regions, generating stable rental income of CHF 204 million in 2025. Includes 36 residential, 39 commercial, and 4 under construction.
• Property Development (Entwicklung) Development division acquiring land, buildings, and portfolios to create sustainable real estate for the own portfolio, third-party institutional clients, and for sale as condominium ownership (Stockwerkeigentum). FY 2025 development and realisation income of CHF 52.9 million with project volume of CHF 282.6 million.
• General Contractor Construction (Realisation) Allreal's construction division executes development projects as general contractor (Totalunternehmer) for both own and third-party clients, managing all phases from planning through completion. Order backlog of CHF 837 million at year-end 2025, providing approximately 30 months of capacity.
• Property Management (Bewirtschaftung) Allreal manages its own property portfolio with an in-house team covering asset management, leasing, technical maintenance, and tenant relations, supplemented by external property management for select properties.
• Condominium Sales (Stockwerkeigentum) Sale of condominium units developed by Allreal to individual buyers in new-build projects across Zürich, Geneva, Lucerne, and surrounding areas, including Spiserstrasse, Avenue de l'Amandolier, Panorama Eggen, and Strubenacher Living.
• Area Development (Arealentwicklung) Large-scale urban area development services including master planning, phased construction, and tenant mix optimization for complex transformation projects such as Vitus-Areal Winterthur, Bülachguss, and Sonnentalstrasse Dübendorf.
• Green Bonds Green Bond issuances to finance sustainable real estate projects, listed on SIX Swiss Exchange. Four bonds outstanding totaling CHF 535 million (CHF 150M 2023, CHF 150M 2024, CHF 125M 2025, CHF 110M 2025).
• Office Space Rental — Lightcube, Lindbergh-Allee 1 Glattpark Modern Minergie-certified office spaces at the Lightcube building on Lindbergh-Allee 1 in Glattpark, with flexible floor plans ranging from 693 m² to 1,493 m², available at CHF 290 per m² per year with annual parking spaces available.

Quantifiable outcome

• GRESB 4-star rating (86/100) for Standing Investments and 3-star (94/100) for Development — above global GRESB average and in upper performance segment of peer groups
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• E2A ArchitectscoreStrategic or Co-development Partner · 1 January 2017E2A Architects won the overall performance competition together with Allreal in 2017 for the HSW project at the Dreispitz-Areal in Basel. E2A continued as the architect for the project, with Allreal serving as developer and general contractor. E2A was also selected as the winner of the study competition for the project at Sonnentalstrasse near Stettbach station in Dübendorf.
• CBREminorChannel Partner/ Reseller/ DistributorCBRE acts as a leasing agent for Allreal's commercial properties. CBRE broker Elmin Keranovic represents Allreal in leasing the office spaces at Lindbergh-Allee 1 in Glattpark.
• Wüest PartnercoreStrategic or Co-development PartnerWüest Partner serves as the external property appraiser for Allreal's portfolio. They conduct bi-annual valuations (June and December) that determine portfolio revaluation gains and losses. Their valuations are based on capitalisation rates, market rents, and interest rate assumptions.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Implenia: Implenia is Switzerland's largest construction and real estate services company, active as general contractor and developer across residential and commercial segments. Comparable to Allreal's Realisation division and integrated development-construction model.
• Steiner Construction: Steiner is a major Swiss general contractor offering Totalunternehmer services for residential, commercial, and infrastructure projects. Directly comparable to Allreal's construction services, with similar third-party general contracting capabilities in the Swiss market.
• Hiag Immobilien: Hiag Immobilien is a Swiss listed real estate company focused on commercial and residential properties, with active development and area-development projects. Comparable to Allreal's area-development expertise (Arealentwicklung) and urban portfolio focus.
• Investis Holding: Investis is a Swiss real estate company with a mixed portfolio of investment properties and development projects, primarily in the Lake Geneva region. Comparable to Allreal's residential/commercial mix and Western Switzerland focus.
• Swiss Prime Site: Swiss Prime Site is one of Switzerland's largest listed real estate companies, with a prime-location commercial property portfolio comparable to Allreal's CHF 5.2B urban portfolio. Both companies focus on Swiss metropolitan office and retail assets with integrated development capabilities.
• Mobimo Holding: Mobimo is a Swiss listed real estate company with a diversified portfolio across commercial and residential real estate, including development activities. Allreal's Head of Development (Stefan Dambacher) previously led project development at Mobimo from 2010-2017.
• Zug Estates Holding: Zug Estates is a Swiss listed real estate company focused on properties in the Zug region, including development of residential and commercial projects. Comparable to Allreal's Baarermatte development and Zug-area activities.
• PSP Swiss Property: PSP Swiss Property is a leading Swiss listed real estate company focused on commercial properties in prime locations, primarily Zurich, Geneva, and Basel — the same metropolitan regions Allreal serves. Comparable business model of owning, developing, and managing prime real estate.

Others

• CBRE: CBRE is a global commercial real-estate services firm that acts as Allreal's leasing agent for select office properties. While not a direct competitor, CBRE's Swiss brokerage activities overlap with the broader market in which Allreal competes for tenants.
• Wüest Partner: Wüest Partner is a key service-provider to Allreal, conducting bi-annual portfolio valuations and providing Swiss real-estate market intelligence. They are a core operating partner (not a competitor) but their published Swiss real-estate indices provide the market context Allreal operates in.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allreal