Intershop Holdings

What Intershop Holdings does

Intershop Holding AG is a Swiss real estate company that has been listed on the SIX Swiss Exchange since 1970. The company identifies, develops, and realises properties with potential, operating a portfolio of 46 investment properties valued at CHF 1.8 billion as of December 31, 2025. Its operations are concentrated entirely in Switzerland, spanning commercial, office, light-industrial, logistics, retail, and residential segments in Swiss urban centers. The company employs approximately 70 people across asset management, construction and development, property management, and transactions functions, headquartered at Puls 5 in Zurich.

The business model combines two revenue streams: recurring rental income from the investment property portfolio and transactional income from property development projects. The portfolio generated net property income of CHF 39.5 million in 2025 at a 4.6% net yield, with a 7.9% vacancy rate for investment properties. Intershop funds growth through green bond issuances — a CHF 100 million placement in January 2025 and a CHF 125 million placement in May 2026 — under a Green Bond Framework validated by ISS ESG in 2021. Distribution is conducted through direct rental channels, the Homegate real estate marketplace, and a dedicated transaction team engaging with institutional investors.

Intershop serves a mixed tenant base of commercial and residential tenants alongside institutional property investors. The company maintains strong ESG credentials, earning a GRESB score of 84 (3 of 5 stars) in 2025, a TenantCM Award as best-rated small-to-medium property manager, and Great Place to Work certification. Infrastructure investments include 4,150 kWp of installed photovoltaic capacity (+16.4% YoY), reflecting a sustainability strategy integrated into the investment thesis.

Name

Intershop Holdings

Legal name

Intershop Holding AG

Website

https://intershop.ch

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

Intershop Holding AG is a Swiss real estate company listed on the SIX Swiss Exchange since 1970, managing a CHF 1.8 billion portfolio of 46 investment properties and development projects across commercial and residential segments in Switzerland.

Ownership category

akta.pro rank

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Property Rental Income: Revenue generated from renting investment properties including offices, commercial spaces, warehouses, logistics facilities, and residential units. Net property income was CHF 39.5 million as of 2025.
2. Property Development and Sales: The company purchases development projects with potential, develops them, and sells them at a profit. This includes both commercial and residential developments.
3. Bond Issuances: Intershop issues green bonds to finance sustainable property projects. Successfully placed CHF 125 million bond in May 2026 and CHF 100 million bond in January 2025.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Intershop Holdings owns, develops, and manages a portfolio of 46 commercial investment properties in Switzerland with a combined value of approximately CHF 1.8 billion. The company generates revenue through rental income from commercial and residential tenants, as well as through the development and realization of value-add properties. The portfolio is operated by an integrated team of approximately 70 employees headquartered in Zurich.

Product overview

Intershop Holdings operates as a diversified real estate company offering investment properties, development projects, and property management services across Switzerland. The company provides rental properties including office, commercial, light-industrial, logistics, retail, residential, parking, and educational space. Their business model focuses on identifying, developing, and realizing properties with potential, managing a portfolio of 46 investment properties with a total value of CHF 1.8 billion as of December 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Property Portfolio A standing portfolio of 46 commercial investment properties located in Switzerland, with a combined value of approximately CHF 1.8 billion, leased to commercial and residential tenants for recurring rental income.
• Property Development Projects Pipeline of properties with development potential that the company acquires, develops, and realizes to capture value appreciation through repositioning, renovation, or new construction.
• Rental and Property Management Leasing, facility management, and tenant services for the owned portfolio, supporting occupancy, tenant retention, and operational performance of the investment properties.

Quantifiable outcome

• Net profit increased 81.2% to CHF 212.8 million in 2025
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor.

• ISS ESGminorStrategic or Co-development Partner · 30 April 2021Second Party Opinion (SPO) provider for Intershop's Green Bond Framework in 2021, validating the sustainability credentials of the green bond program.
• Meta Platforms, Inc. (Facebook)minorGTM or Marketing PartnerFacebook social plugins are integrated into the Intershop website to raise awareness of the company. Facebook's privacy policy applies when users interact with these plugins.
• LinkedIn CorporationminorGTM or Marketing PartnerLinkedIn Share button is installed on the Intershop website for sharing content and raising company awareness through professional networks.
• X Corp. (formerly Twitter)minorGTM or Marketing PartnerX (Twitter) plugins are integrated into the Intershop website for sharing content and company updates.
• Inware AGminorImplementation/ SI/ Consulting PartnerInware AG assisted with designing, programming, and hosting the Intershop website.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Allreal Holding: Allreal is a listed Swiss real estate group combining a development business with an investment property portfolio. It is highly comparable to Intershop's hybrid buy-develop-hold-and-sell model and Swiss-focused footprint.
• Investis Holding: Investis Holding is a Swiss listed real estate company combining residential and commercial properties with real estate services. It overlaps with Intershop in Swiss real estate ownership plus property management execution.
• PSP Swiss Property: PSP Swiss Property is one of Switzerland's largest listed real estate companies, focused on commercial properties in major Swiss economic centers. It is a direct peer to Intershop in terms of geography, asset class mix, and publicly listed Swiss real estate business model.
• Swiss Prime Site: Swiss Prime Site is a leading Swiss listed real estate company with a diversified portfolio of office, retail, and residential assets. It directly competes with Intershop for prime Swiss urban real estate and investor capital on the SIX Swiss Exchange.
• Peach Property Group: Peach Property Group is a Swiss real estate company focused on residential investment properties in German-speaking Switzerland. It overlaps with Intershop in Swiss residential exposure and listed status, though with a more residential tilt.
• Warteck Invest: Warteck Invest is a small-cap Swiss listed real estate company holding a portfolio of residential and commercial properties in northwestern Switzerland. Comparable to Intershop in scale and listed mid-market Swiss real estate positioning.
• Mobimo Holding: Mobimo is a publicly traded Swiss real estate company with investment and development properties across Switzerland. It is a direct peer given its comparable mix of rental income and development activity in the Swiss market.
• Fundamenta Real Estate: Fundamenta Real Estate is a Swiss listed real estate company focused on commercial and residential investment properties across German-speaking Switzerland. It is comparable in size, geographic focus, and asset mix to Intershop's portfolio.

Regional players

• Zug Estates Holding: Zug Estates operates a real estate portfolio concentrated in the Zug region of Switzerland, focused on residential and commercial properties. It is a regional peer with comparable asset types but a narrower geographic focus than Intershop.

Emerging players

• HIAG Immobilien Holding: HIAG Immobilien is a Swiss real estate company specializing in brownfield site redevelopment and commercial/industrial property management. Its development-and-management focus overlaps with Intershop's value-add development activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Intershop Holdings