Novavest Real Estate

What Novavest Real Estate does

Novavest Real Estate AG is a publicly listed Swiss real estate company headquartered in Zurich, focused on the management and development of residential rental properties, senior residences and care facilities, and office/commercial properties across Switzerland. The strategic investment policy requires that at least 50% of target rental income be generated from residential use, with the remainder permitted in senior living, commercial, and special-purpose assets (up to 15% of portfolio value). The portfolio, valued at CHF 1,029.2 million following the June 2024 merger with SenioResidenz AG, comprises properties throughout Switzerland, with residential assets concentrated in cities and agglomerations with strong public transport access and senior living assets permitted in both urban and rural regions. The company also pursues new building projects (up to 30% of portfolio value), conversions/renovations (up to 15%), and condominium development.

The business model is built on recurring rental income (residential, senior living, commercial) supplemented by one-time property development and sales proceeds, including divestments of underperforming assets as part of active portfolio management. Registered shares are listed on the SIX Swiss Exchange under ticker NREN (Valor 21218624, ISIN CH0212186248) since December 16, 2019, with 10,170,915 outstanding shares at a nominal value of CHF 19.90 each, providing the company with capital market access for ongoing equity-funded expansion. Operations are conducted through a lean internal team of 1-10 employees, with property management and development expertise sourced through a strategic partnership with Nova Property Fund Management AG. Independent valuation is provided by Wüest Partner AG and statutory audit by PricewaterhouseCoopers AG.

Distribution and investor engagement are conducted via the SIX Swiss Exchange listing, multilingual corporate communications (German, French, English), investor presentations and financial reports under Swiss GAAP FER, research coverage by Bank J. Safra Sarasin and Zürcher Kantonalbank, and direct investor relations led by CEO Dieter Kräuchi and CFO Fabio Gmür. The company has funded growth through repeated capital increases (most recently approved January 2025), the 2024 SenioResidenz merger, and the 2015 Pretium AG acquisition, while pursuing a Net Zero 2050 sustainability target. No proprietary technology platform is disclosed; operational systems consist of standard property management, financial reporting, and risk management infrastructure.

Name

Novavest Real Estate

Legal name

Novavest Real Estate AG

Website

https://novavest.ch

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Novavest Real Estate AG is a Zurich-based, SIX Swiss Exchange-listed Swiss real estate company that owns and develops a CHF 1,029.2 million portfolio of residential, senior living, and commercial properties across Switzerland, targeting institutional and retail investors via ticker NREN.

Ownership category

akta.pro rank

Product category

Residential Real Estate Investment

NAICS

Lessors of Real Estate (5311), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industries

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH), REITs & Listed Real Estate Securities (FSAAAKAD)

Keywords

• Residential real estate
• Senior living facilities
• Commercial property management
• Swiss real estate investment
• Property development services

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income - Residential Properties: The company generates the majority of rental income from residential properties (at least 50% of total target rental income as per strategic policy). Properties include apartment buildings in cities and agglomerations throughout Switzerland with good public transport access.
2. Rental Income - Senior Residences and Care Facilities: Rental income from senior residences and care facilities for the elderly. These properties can be located in both urban and rural regions of Switzerland.
3. Rental Income - Commercial Properties: Rental income from office and commercial properties. The company also allows up to 15% in special purpose properties such as schools, clinics, shopping centers, cinemas, hotels, or industrial facilities.
4. Property Development and Sales: Revenue from development projects including new construction projects (up to 30% of portfolio value), conversion and renovation projects (up to 15% of portfolio value), and sales of condominium units. The company also sells underperforming properties as part of active portfolio management.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Novavest Real Estate AG is a Swiss real estate company that acquires, develops, and manages a diversified portfolio of residential properties, senior residences and care facilities, and office/commercial properties across Switzerland. Residential use accounts for a strategic minimum of 50% of target rental income, with new building projects allowed up to 30% of portfolio value and special-purpose properties up to 15%. The company's registered shares trade on the SIX Swiss Exchange under ticker NREN.

Product overview

Novavest Real Estate AG operates as a Swiss real estate investment and management company with a diversified portfolio strategy. The company offers four interconnected core services: Residential Property Management (rental apartments in urban/conurbation areas with minimum 50% strategic target rental income share), Senior Residences and Care Facilities (elderly living spaces in urban or rural regions), Office and Commercial Properties management, and New Building Projects (development across all segments up to 30% of portfolio value). The portfolio spans properties throughout Switzerland, with investments also possible in special properties (up to 15% of portfolio value) and properties with conversion or comprehensive renovation projects (up to 15%). The company's registered shares are listed on SIX Swiss Exchange (ticker NREN).

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Management and development of properties used exclusively for residential purposes (rental apartments) across Switzerland, located in cities or conurbation areas with good public transport links. This segment must represent at least 50% of total target rental income per the company's strategic policy.
• Senior Residences and Care Facilities Properties providing living space for the elderly generation, including senior residences and care facilities. These properties are located in urban or rural regions of Switzerland and serve the senior living/care segment. The offering was materially expanded through the June 2024 merger with SenioResidenz AG.
• Office and Commercial Properties Management and development of properties for office and commercial use as part of the company's diversified real estate portfolio. Includes up to 15% of portfolio value in special-purpose properties such as schools, clinics, shopping centers, cinemas, hotels, or industrial facilities.
• New Building Projects (Development) Development of new construction projects across all property segments, including residential buildings for sale as condominium ownership, up to 30% of the last real estate portfolio value. Also includes conversion and renovation projects (up to 15% of portfolio value) and divestment of underperforming properties.

Named customers4 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

Partnerships

Six partnerships are on record, tiered core and minor.

• SenioResidenz AGcoreStrategic or Co-development Partner · 17 June 2024Novavest Real Estate AG completed a merger with SenioResidenz AG on June 17, 2024. The extraordinary general meeting approved the fusion with an overwhelming majority of over 96%. The merger combined portfolios creating a merged real estate portfolio of CHF 1,029.2 million. SenioResidenz AG specialized in senior residences and care facilities, complementing Novavest's focus on residential properties.
• Nova Property Fund Management AGcoreStrategic or Co-development PartnerNovavest Real Estate AG is supported by Nova Property Fund Management AG, which provides expertise in property development and management. The broadly networked team supports with specialized real estate knowledge and successfully implemented projects, guaranteeing innovative, economically sustainable solutions.
• PricewaterhouseCoopers AGminorOthersStatutory auditor providing audit services and ensuring financial reporting compliance.
• Computershare AGminorOthersShare register administrator for Novavest Real Estate AG managing shareholder records.
• Bank J. Safra SarasinminorOthersProvides research coverage and investment analysis through the Real Estate Hub Switzerland.
• Zürcher KantonalbankminorOthersProvides analyst research coverage and investment analysis for Novavest Real Estate AG.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Mobimo Holding: SIX-listed Swiss real estate company with a diversified portfolio spanning residential, commercial, and development projects across Switzerland. Closely aligned with Novavest's mixed-use Swiss strategy and listed structure.
• Allreal Holding: SIX-listed Swiss real estate company combining investment portfolio (residential and commercial) with development activities. Closely comparable business model to Novavest, including development arm and residential focus.
• Züblin Immobilien Holding: SIX-listed Swiss real estate company specializing in residential properties in the Zurich region. Direct comparable as a small-cap Swiss residential-focused listed platform.
• Swiss Prime Site: SIX-listed Swiss real estate company investing in prime commercial and some residential properties across Switzerland. Directly comparable listed vehicle with similar Swiss geographic focus and mixed-use portfolio.
• Investis Holding: SIX-listed Swiss real estate company combining a residential/commercial investment portfolio with real estate services. Comparable in mix of property ownership and operational real estate activity in Switzerland.
• Fundamenta Real Estate: SIX-listed Swiss real estate company focused on residential and commercial properties in German-speaking Switzerland. Strongly comparable as a smaller-cap Swiss residential/commercial peer.
• PSP Swiss Property: Leading SIX-listed Swiss commercial property company focused on prime office space in major Swiss cities. Comparable as a listed Swiss real estate platform, though more weighted to commercial than Novavest's residential tilt.

Others

• Wüest Partner: Independent Swiss real estate advisory and valuation firm providing portfolio valuations for Novavest. Comparable as a Swiss real estate ecosystem participant supporting portfolio benchmarking and appraisal.

Broad incumbents

• Hiag Immobilien Holding: SIX-listed Swiss real estate company specializing in commercial and industrial/logistics properties. Broader incumbent in the Swiss listed real estate space, complementary to but distinct from Novavest's residential/senior focus.

Regional players

• Peach Property Group: Listed (SIX) real estate company focused on residential housing in German-speaking regions including Germany and Switzerland. Comparable residential specialization, though primarily operating in Germany rather than Switzerland.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/novavest-real-estate-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Novavest Real Estate