Cham Swiss Properties reported a 5% increase in rental income to 13.7 million Swiss francs in the first half of 2026, driven by full consolidation of the Ina Invest portfolio. The company’s 1.76 billion franc portfolio maintained a 5% vacancy rate, with contributions from the Lokstadt-Hallen in Winterthur and the Zentrallager at the Papieri site in Cham.
Operating profit before revaluation effects declined to 5.5 million francs from 39.0 million francs a year earlier, while net profit fell to 8.4 million francs from 144.0 million francs in H1 2025. Revaluation gains plummeted to 6.4 million francs from 125.4 million francs, reflecting lower property valuations.
Capital expenditure remains focused on six active construction projects totaling 172 million francs. The company said progress on all developments was satisfactory. In portfolio management, Cham SP sold two development projects in Onex, Geneva, from the former Ina Invest portfolio and acquired a property in Geneva in July 2026.
Quartier developments are advancing, with preparatory work for Bredella West in Cham scheduled to begin in H2 2026. The historic boiler house at the Papieri site is fully leased and set for completion in H2 2026, while the third construction phase nears completion with strong leasing interest. A zoning change for the Pavatex site remains delayed by a shareholder lawsuit, with a vote now planned for 2027.
For the full year, Cham Swiss Properties expects steady growth in rental income and continued operational progress across its construction and development pipeline.
