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Archive 2010

21.10.2010 Mobimo is investing around CHF 200 million in the development and construction of a residential complex in Zurich West containing approximately 250 apartments and a service area on the ground floor. /web/mobimo.ch/media/medien/archiv/2010/20101021_Coop-Areal-City-West-Zuerich.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

21.10.2010 06:57

Release of an ad hoc announcement pursuant to Art. 72 KR

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M e d i a R e l e a s e

 

Mobimo is investing around CHF 200 million in the development and construction of a residential complex in Zurich West containing approximately 250 apartments and a service area on the ground floor.

* Three buildings containing rental and owner-occupied apartments that conform to the Minergie standard in a preferred location in the Zurich West/Pfingstweidpark district
* Creation of some 100 rental apartments and some 150 condominium apartments, a car park and around 1,500m2 of retail space by 2013
* Central location with good access and infrastructure
* Expanding the residential component of the investment portfolio 

 

Lucerne, 21 October 2010 - Mobimo Holding AG ('Mobimo') has acquired an 18,540m2 property from Coop Immobilien AG. The property is located in Zurich West (City West) directly to the south of the Mobimo Tower site. An agreement has also been signed with Marazzi Generalunternehmung AG to realise the jointly-developed three sites A, B and C. The plans involve the construction of some 250 apartments that conform to the Minergie standard, a car park in the basement and around 1,500m2 of commercial space over the next three years. This will entail investments of about CHF 200 million.

Zurich West needs more residential space
The area around Escher-Wyss-Platz and along Pfingstweidstrasse will play an important role in urban development. The Zurich authorities expect several thousand jobs to be created in the area over the next few years, meaning that around 4,000 individuals/households are likely to be on the look out for an apartment. Coupled with the currently very low apartment vacancy rate in the City of Zurich (June 2010: 0.7%), the launch of new residential projects in the city's up-and-coming Kreis 5 area represents an attractive proposition. Mobimo will provide part of this required residential space by the end of 2012/mid-2013 and thus contribute to the development of the district.

High-quality urban living
Although a number of other projects have already been launched in the district, only around 800 new residential units are likely to come onto the market in Zurich West in the next 3-4 years - significantly fewer, in other words, than will be required to cover the population increase envisaged by the City of Zurich. Mobimo will create around 100 rental apartments on site C. On sites A and B, Mobimo will construct around 150 condominium apartments and sell them in the mid-price segment. There are few alternatives available in this segment, as most current condominium projects are in the higher-price segment.
Zurich West has excellent transport links, meaning that the future Mobimo apartments will also be easy to access. The new Zurich West tram will be virtually on residents' doorsteps, while the Hardbrücke S-Bahn station is only a few minutes' walk away. Comprehensive retail and leisure facilities will contribute to the urban quality of life, while the new 'Pfingstweidpark', immediately adjacent to the planned development, will also offer an attractive new place to relax.

Expanding the residential component in the overall portfolio By completing 100 rental apartments Mobimo is implementing the planned strategic expansion of the residential component in the overall portfolio in a focused manner.

The Mobimo Tower
Work on the Mobimo Tower is running to schedule, and the facades are complete. The interior work will continue until summer 2011, so that the Mobimo Tower can be transferred to its new users - hotel and residential property owners - in late summer 2011.

 

 

For enquiries please contact:
Mobimo Holding AG
Manuel Itten, CFO
+41 44 397 11 44 

 

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix of investment properties providing stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lucerne/Zug, Basel, St. Gallen and Lausanne/Geneva. With a property portfolio that has an overall value of around CHF 2.0 bn, Mobimo is one of the leading real-estate companies in Switzerland. The portfolio contains development properties with an investment volume of around CHF 0.7 bn (as at 30 June 2010).

 

Supplements
- survey map
- visualisation

 

21.10.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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25.08.2010 Mobimo posts solid set of results in the first half of 2010 /web/mobimo.ch/media/medien/archiv/2010/20100825_Mobimo_HJB10_E.pdf

Mobimo Holding AG / Key word(s): Half Year Results

25.08.2010 06:57

Release of an ad hoc announcement pursuant to Art. 72 KR

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M e d i a R e l e a s e

 

Mobimo posts solid set of results in the first half of 2010 

* Net profit of CHF 28.8 million or CHF 5.68 per share
* 30% rise in rental income to CHF 43.7 million
* Value of the entire portfolio up 7.5% to CHF 2,019 million

Lucerne, 25 August 2010 - Mobimo Holding AG continued to implement its agreed strategic direction in the first half of 2010, increasing the residential share of the investment portfolio, boosting regular rental income and further expanding the project pipeline. Consequently, profit from the sale of trading properties decreased, in line with expectations. In all, the company recorded an operating result (EBIT) of CHF 49.3 million in the January-June 2010 period, compared with CHF 54.1 million in the prior-year period. It posted solid results overall, with net profit coming in at CHF 28.8 million (prior year: CHF 35.5 million), which equates to earnings per share of CHF 5.68 (prior year: CHF 8.18). Revaluations of properties resulted in a profit of CHF 16.5 million (prior year: CHF 9.1 million). The portfolio was further optimised through the disposal of three properties and the acquisition of an extensive complex of buildings in Lausanne. As a consequence, the value of the portfolio stood at CHF 2,019 million, up CHF 141 million from CHF 1,878 million at the end of 2009.

Substantial increase in earnings in the investment business Although the market for office and commercial space has grown tougher, attractive, centrally located properties and premium residential space are still enjoying strong demand. Income from rental of properties increased by 30% from CHF 33.7 million to CHF 43.7 million. This includes rental income from LO Holding, which was acquired last year. Net rental income went up by 31% to CHF 38.2 million (prior year CHF 29.2 million). The vacancy rate decreased to 6.5% as at 30 June 2010 (prior year: 6.7%). At the same time, profit on the sale of trading properties shrank to CHF 4.6 million (prior year: CHF 21.7 million), due partly to the smaller number of projects at the revenue recognition phase and partly to the strategic decision to realise fewer trading properties to earn one-off disposal gains and instead erect more residential properties to bring in regular rental income for the investment portfolio.

A well stocked project pipeline
Market demand for investment properties remains high, which in some cases is translating into excessive prices. Mobimo therefore concentrates on buying properties with scope for development and expansion, giving it the opportunity to add value. Mobimo is currently realising five construction projects with a total of 235 apartments and an investment volume of CHF 310 million for the investment portfolio and 174 new apartments for sale as condominiums. Realisation of the Mobimo Tower is on schedule, and more than a third of the apartments have already been sold or reserved. Considerable progress has been made in the 'Torfeld Süd' site by Aarau station, and the first-class 'Post' site at Lausanne station, which was acquired during the reporting period, harbours attractive potential for development. In addition to the ongoing construction work, with an investment volume of CHF 640 million, Mobimo also boasts a secure project pipeline representing investment potential of CHF 670 million over the next years.

Solid financing
With an equity ratio of 45%, Mobimo remains solidly financed. The average rate of interest on financial liabilities decreased from 3.1% in the previous year to 2.9% in the reporting period, and the average residual maturity of financial liabilities lengthened to 5.5 years (prior year: 5.1 years). The net yield on the investment properties was 5.1%, so that after deducting the average borrowing costs, the yield spread was an attractive 2.2% (end-2009: 2.3%). The successful placement of a CHF 175 million convertible bond in June 2010 means that Mobimo has sufficient funds at its disposal to implement its expansion plans.

Outlook
Mobimo expects to achieve a solid result for full-year 2010, in line with that of the prior year, once the positive one-off effects in 2009 from the LO Holding acquisition are stripped out. This will enable Mobimo to maintain its attractive distribution policy. The main areas of focus in the second half of the year will continue to be space marketing, condominium sales and the ongoing development of the project pipeline.

 

Analyst and media conference call at 9.00 a.m. CET today A conference call for analysts and the media will take place at 9.00 a.m. CET today (in German). Dr. Christoph Caviezel (CEO) and Manuel Itten (CFO) will present the half-year results and field questions. Registration is not required.
Telephone no.: +41 22 592 73 12 / conference ID: 4345709
You can view the associated webcast presentations under the News sections of Mobimo's website (www.mobimo.ch).

 

For further information please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix comprised of investment properties showing stable revenues and development properties offering high potential for value enhancement. Acquisitions and investments are targeted mainly in attractive locations in the business centres of Zurich, Lucerne / Zug, Basel, St. Gall and Lausanne / Geneva. Mobimo's attractive portfolio amounts to CHF 2.019 billion in total comprising 137 properties with a target rental income of CHF 95 million as well as development properties, comprised of developments for its own investment portfolio as well as the development of owner-occupied residential property for sale, with an investment volume of CHF 670 million. Mobimo is one of the leading real estate companies in Switzerland. For more information please consult our website on www.mobimo.ch.

 

25.08.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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07.07.2010 Mobimo added to GPR 250 property index /web/mobimo.ch/media/medien/archiv/2010/20100707_GPR_Award.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

07.07.2010 09:27

Publication of a media release

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M e d i a R e l e a s e

 

 

Mobimo added to GPR 250 property index

 

Lucerne, 7 July 2010 - Mobimo Holding AG (Mobimo) was added as a

constituent of the GPR 250 Property Securities Index, a leading property index, on 21 June 2010. The GPR index is globally respected and used as a benchmark by many English-speaking investors. It comprises 250 leading real estate investment companies from around the world with high market liquidity. Since the composition of the index is based solely on individual companies' tradable market capitalisation, it is also well suited to portfolio and performance measurement.

Christoph Caviezel, CEO of Mobimo, said: 'Being added to the GPR 250 Property Securities is a major step for Mobimo towards gaining more interest from foreign investors. Global Property Research enjoys particular prominence in the English-speaking world and serves as a point of reference for international real estate investors.'

 

 

 

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix of investment properties providing stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lucerne/Zug, Basel, St. Gall and Lausanne/Geneva. Mobimo has an attractive overall portfolio worth CHF 1.9 billion, comprising 112 investment properties with target rental income of some CHF 92 million and development properties for its own portfolio and for condominium sales with a current investment volume of CHF 550 million. This makes Mobimo one of the leading real estate companies in Switzerland. Further information can be found at www.mobimo.ch.

 

Contact
Christoph Caviezel
CEO
Tel. +41 44 397 11 56
christoph.caviezel@mobimo.ch

Manuel Itten
CFO
Tel. +41 44 397 11 44
manuel.itten@mobimo.ch

 

Agenda
6 April 2011: 11th General Meeting of Mobimo Holding AG

 

07.07.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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21.06.2010 Exercise of Overallotment Option of Mobimo Holding AG Convertible Bond due 2014 /web/mobimo.ch/media/medien/archiv/2010/20100621_Wandelanleihe_OVERALLOTMENT.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

21.06.2010 18:32

Release of an ad hoc announcement pursuant to Art. 72 KR

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES (OR TO U.S. PERSONS), CANADA, JAPAN, AUSTRALIA OR ITALY OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

M e d i a R e l e a s e

Exercise of Overallotment Option of Mobimo Holding AG Convertible Bond due 2014

Lucerne, 21 June 2010 - UBS Investment Bank acting as Lead Manager and Sole Bookrunner has fully exercised the overallotment option of CHF 20 million in connection with the convertible bond issued by Mobimo Holding AG due 2014, convertible into registered shares of Mobimo Holding AG. The total issue size of the Mobimo Holding AG convertible bond has therefore been increased from CHF 155 million to CHF 175 million. All other terms remain unchanged.

Application was made for provisional admission to trading of the convertible bond on the SIX Swiss Exchange as from 25 June 2010. The payment date will be 30 June 2010. The registered shares of Mobimo Holding AG are listed on SIX Swiss Exchange.

 

 

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix comprised of investment properties showing stable revenues and development properties offering high potential for value enhancement. Acquisitions and investments are targeted mainly in attractive locations in the business centres of Zurich, Lucerne / Zug, Basel, St. Gall and Lausanne / Geneva. Mobimo's attractive portfolio amounts to CHF 1.9 billion in total comprising 112 investment properties with a target rental income of CHF 92 million as well as development properties, comprised of developments for its own investment portfolio as well as the development of owner-occupied residential property for sale, with an investment volume of CHF 570 million. Mobimo is one of the leading real estate companies in Switzerland. For more information please consult our website on www.mobimo.ch.

 

For further information please contact:
Mobimo Media and IR office
Dynamics Group AG
Edwin van der Geest/Philippe Blangey/Alexandre Müller
+ 41 43 268 32 32
ir@mobimo.ch 

Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE. ANY DECISION TO PURCHASE ANY SECURITIES REFERRED TO HEREIN SHOULD BE SOLELY BASED ON THE RELEVANT PROSPECTUS. IN ADDITION, NEITHER THE BONDS NOR THE SHARES OF MOBIMO HOLDING AG INTO WHICH THE BONDS ARE CONVERTIBLE HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN CANADA, AUSTRALIA OR JAPAN AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN CANADA, AUSTRALIA OR JAPAN.
IN CONNECTION WITH THE OFFERING OF THE BONDS, UBS INVESTMENT BANK (THE 'STABILISATION AGENT') OR ANY PERSON ACTING ON BEHALF OF THE STABILISATION AGENT MAY OVER-ALLOT THE BONDS OR EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE MARKET PRICE OF THE BONDS AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO ASSURANCE THAT THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) WILL UNDERTAKE STABILISATION ACTIONS. SUCH STABILISATION, IF BEGUN, MAY BE ENDED AT ANY TIME, AND MUST BE BROUGHT TO AN END AFTER A LIMITED PERIOD. ANY STABILISATION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
IN THE UNITED KINGDOM, THIS PRESS RELEASE IS DIRECTED ONLY AT (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER') AND (II) HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2) OF THE ORDER AND (III) PERSONS TO WHOM IT WOULD OTHERWISE BE LAWFUL TO DISTRIBUTE IT (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS').
IN ADDITION, IF AND TO THE EXTENT THAT THIS PRESS RELEASE IS COMMUNICATED IN, OR THE OFFER OF SECURITIES TO WHICH IT RELATES IS MADE IN, ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE 'PROSPECTUS DIRECTIVE'), THIS PRESS RELEASE AND THE OFFERING OF ANY SECURITIES DESCRIBED HEREIN ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN THAT MEMBER STATE WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE (OR WHO ARE OTHER PERSONS TO WHOM THE OFFER MAY LAWFULLY BE ADDRESSED) AND MUST NOT BE ACTED ON OR RELIED ON BY OTHER PERSONS IN THAT MEMBER STATE.
THIS PRESS RELEASE IS NOT DIRECTED TO ITALIAN RESIDENTS OTHER THAN ITALIAN QUALIFIED INVESTORS.

 

21.06.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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16.06.2010 Mobimo Holding AG successfully completes CHF 155 million Convertible Bond Issue due 2014 /web/mobimo.ch/media/medien/archiv/2010/20100616_Wandelanleihe_PRICING_E.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

16.06.2010 17:20

Publication of a media release

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES (OR TO U.S. PERSONS), CANADA, JAPAN, AUSTRALIA OR ITALY
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

M e d i a R e l e a s e

Mobimo Holding AG successfully completes CHF 155 million Convertible Bond

Issue due 2014

Lucerne, 16 June 2010 - Mobimo Holding AG, Lucerne, Switzerland (the 'Issuer') priced a convertible bond issue due 2014 of CHF 155 million, that can increase up to CHF 175 million if the overallotment option is exercised in full (the 'Bonds'). Due to the strong demand and the multiple oversubscription of the order book, the increase option over CHF 30 million was exercised in full. The Bonds are convertible into registered shares of Mobimo Holding AG (the 'Shares'), which will be sourced from conditional share capital. UBS Investment Bank acts as Lead Manager and Sole Bookrunner for the Bonds.

The Bonds have a maturity of 4 years, a coupon of 2.125% payable annually in arrear, and a conversion price of CHF 210.37, corresponding to a conversion premium of 13%. The issue and the redemption price are set at 100%. The Issuer may redeem the Bonds at any time on or after 21 July 2013 at par, together with accrued and unpaid interest, if the closing price of the Shares is at least 130% of the conversion price on at least 20 consecutive trading days, or at any time after the payment date at par, together with accrued and unpaid interest, if less than 15% in aggregate of the principal amount of the Bonds are outstanding. The Issuer has granted UBS Investment Bank an overallotment option to purchase an additional amount of up to CHF 20 million of Bonds exercisable until 23 June 2010. The Bonds in the denomination of CHF 5,000 are convertible into Shares on or after 10 August 2010 and until 19 June 2014. Any interest payable on the Bonds will be subject to Swiss withholding tax.

The proceeds of the Bonds will be mainly used to finance further real estate development projects and to expand the real estate portfolio, as well as for general corporate purposes. The payment date of the Bonds is expected to be on or around 30 June 2010. Application will be made for provisional admission to trading of the Bonds on the SIX Swiss Exchange as from 25 June 2010. The Shares are listed and traded according to the Standard for Real Estate Companies on the SIX Swiss Exchange.

UBS Investment Bank acts as Lead Manager and Sole Bookrunner for the Bonds and Bank Vontobel AG, Zürcher Kantonalbank and Reichmuth & Co act as Co-Managers.

 

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix comprised of investment properties showing stable revenues and development properties offering high potential for value enhancement. Acquisitions and investments are targeted mainly in attractive locations in the business centres of Zurich, Lucerne / Zug, Basel, St. Gall and Lausanne / Geneva. Mobimo's attractive portfolio amounts to CHF 1.9 billion in total comprising 112 investment properties with a target rental income of CHF 92 million as well as development properties, comprised of developments for its own investment portfolio as well as the development of owner-occupied residential property for sale, with an investment volume of CHF 570 million. Mobimo is one of the leading real estate companies in Switzerland. For more information please consult our website on www.mobimo.ch.

 

For further information please contact:
Mobimo Media and IR office
Dynamics Group AG
Edwin van der Geest/Philippe Blangey/Alexandre Müller
+ 41 43 268 32 32
ir@mobimo.ch 

Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE. ANY DECISION TO PURCHASE ANY SECURITIES REFERRED TO HEREIN SHOULD BE SOLELY BASED ON THE RELEVANT PROSPECTUS. IN ADDITION, NEITHER THE BONDS NOR THE SHARES OF MOBIMO HOLDING AG INTO WHICH THE BONDS ARE CONVERTIBLE HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN CANADA, AUSTRALIA OR JAPAN AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN CANADA, AUSTRALIA OR JAPAN.
IN CONNECTION WITH THE OFFERING OF THE BONDS, UBS INVESTMENT BANK (THE 'STABILISATION AGENT') OR ANY PERSON ACTING ON BEHALF OF THE STABILISATION AGENT MAY OVER-ALLOT THE BONDS OR EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE MARKET PRICE OF THE BONDS AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO ASSURANCE THAT THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) WILL UNDERTAKE STABILISATION ACTIONS. SUCH STABILISATION, IF BEGUN, MAY BE ENDED AT ANY TIME, AND MUST BE BROUGHT TO AN END AFTER A LIMITED PERIOD. ANY STABILISATION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
IN THE UNITED KINGDOM, THIS PRESS RELEASE IS DIRECTED ONLY AT (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER') AND (II) HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2) OF THE ORDER AND (III) PERSONS TO WHOM IT WOULD OTHERWISE BE LAWFUL TO DISTRIBUTE IT (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS').
IN ADDITION, IF AND TO THE EXTENT THAT THIS PRESS RELEASE IS COMMUNICATED IN, OR THE OFFER OF SECURITIES TO WHICH IT RELATES IS MADE IN, ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE 'PROSPECTUS DIRECTIVE'), THIS PRESS RELEASE AND THE OFFERING OF ANY SECURITIES DESCRIBED HEREIN ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN THAT MEMBER STATE WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE (OR WHO ARE OTHER PERSONS TO WHOM THE OFFER MAY LAWFULLY BE ADDRESSED) AND MUST NOT BE ACTED ON OR RELIED ON BY OTHER PERSONS IN THAT MEMBER STATE.
THIS PRESS RELEASE IS NOT DIRECTED TO ITALIAN RESIDENTS OTHER THAN ITALIAN QUALIFIED INVESTORS.

 

16.06.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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16.06.2010 Mobimo Holding AG launches up to CHF 175 million Convertible Bonds due 2014 /web/mobimo.ch/media/medien/archiv/2010/20100616_Wandelanleihe_LAUNCH_E.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

16.06.2010 06:57

Release of an ad hoc announcement pursuant to Art. 72 KR

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES (OR TO U.S. PERSONS), CANADA, JAPAN, AUSTRALIA OR ITALY
OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

M e d i a R e l e a s e

Mobimo Holding AG launches up to CHF 175 million Convertible Bonds due 2014

Lucerne, 16 June 2010 - Mobimo Holding AG, Lucerne, Switzerland (the 'Issuer') is launching a convertible bond issue due 2014 of CHF 125 million, or up to CHF 175 million if both the increase and overallotment options are exercised in full (the 'Bonds'). The Bonds are convertible into registered shares of Mobimo Holding AG (the 'Shares'), which will be sourced from conditional share capital. UBS Investment Bank is acting as Lead Manager and Sole Bookrunner for the Bonds.

Mobimo Holding AG is issuing the Bonds to take advantage of the attractive financing conditions currently available in the convertible bond market and to benefit from the attractive interest rate environment. The proceeds of the Bonds will be mainly used to finance further real estate development projects and to expand the real estate portfolio, as well as for general corporate purposes.

The Bonds have a maturity of 4 years and are marketed to investors with a coupon range of 2.0% - 2.5%, payable annually in arrear, and a conversion premium range of 12% - 17% to the volume weighted average price of the Shares trading on the SIX Swiss Exchange from launch to pricing, which is expected to occur later today. The issue and the redemption price are set at 100%. The Issuer may redeem the Bonds at any time on or after 21 July 2013 at par, together with accrued and unpaid interest, if the closing price of the Shares is at least 130% of the conversion price on at least 20 consecutive trading days, or at any time after the payment date at par, together with accrued and unpaid interest, if less than 15% in aggregate of the principal amount of the Bonds are outstanding. The Issuer has granted UBS Investment Bank an increase option of up to CHF 30 million exercisable on the pricing date as well as an overallotment option to purchase an additional amount of up to CHF 20 million of Bonds exercisable until 23 June 2010. The Bonds in the denomination of CHF 5,000 are convertible into Shares on or after 10 August 2010 and until 19 June 2014. Any interest payable on the Bonds will be subject to Swiss withholding tax.

The offering of the Bonds consists of a public offering in Switzerland and private placements of Bonds in other jurisdictions. The Bonds will be offered to investors outside the United States in reliance on Regulation S under the U.S. Securities Act of 1933, as amended, and in compliance with the laws and regulations applicable in such country where the offering takes place. UBS Investment Bank is acting as Lead Manager and Sole Bookrunner for the Bonds and Bank Vontobel AG, Zürcher Kantonalbank and Reichmuth & Co are acting as Co-Managers.

The payment date of the Bonds is expected to be on or around 30 June 2010. Application will be made for provisional admission to trading of the Bonds on the SIX Swiss Exchange as from 25 June 2010. The Shares are listed and traded according to the Standard for Real Estate Companies on the SIX Swiss Exchange.

The Issuer has agreed to a 90-day lock up period.

Mobimo Group's business performance in 2010 to date is in line with management expectations. Following Mobimo's strategic realignment to increasingly convert development properties, initially intended for sale, into investment properties, the number of development properties for sale decreased in 2010. As a result, income from sale of development properties year to date is lower compared to the same period last year. In contrast, rental income year to date increased compared to the same period in 2009 as a result of the combination with LO Holding. For the full year 2010, management is confident that Mobimo Group's net result, excluding extraordinary items, will approximately be at the level of 2009.

 

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix comprised of investment properties showing stable revenues and development properties offering high potential for value enhancement. Acquisitions and investments are targeted mainly in attractive locations in the business centres of Zurich, Lucerne / Zug, Basel, St. Gall and Lausanne / Geneva. Mobimo's attractive portfolio amounts to CHF 1.9 billion in total comprising 112 investment properties with a target rental income of CHF 92 million as well as development properties, comprised of developments for its own investment portfolio as well as the development of owner-occupied residential property for sale, with an investment volume of CHF 570 million. Mobimo is one of the leading real estate companies in Switzerland. For more information please consult our website on www.mobimo.ch.

 

For further information please contact:
Mobimo Media and IR office
Dynamics Group AG
Edwin van der Geest/Philippe Blangey/Alexandre Müller
+ 41 43 268 32 32
ir@mobimo.ch 

Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
+41 44 397 11 86

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE. ANY DECISION TO PURCHASE ANY SECURITIES REFERRED TO HEREIN SHOULD BE SOLELY BASED ON THE RELEVANT PROSPECTUS. IN ADDITION, NEITHER THE BONDS NOR THE SHARES OF MOBIMO HOLDING AG INTO WHICH THE BONDS ARE CONVERTIBLE HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN CANADA, AUSTRALIA OR JAPAN AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN CANADA, AUSTRALIA OR JAPAN.
IN CONNECTION WITH THE OFFERING OF THE BONDS, UBS INVESTMENT BANK (THE 'STABILISATION AGENT') OR ANY PERSON ACTING ON BEHALF OF THE STABILISATION AGENT MAY OVER-ALLOT THE BONDS OR EFFECT TRANSACTIONS WITH A VIEW TO SUPPORTING THE MARKET PRICE OF THE BONDS AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. HOWEVER, THERE IS NO ASSURANCE THAT THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) WILL UNDERTAKE STABILISATION ACTIONS. SUCH STABILISATION, IF BEGUN, MAY BE ENDED AT ANY TIME, AND MUST BE BROUGHT TO AN END AFTER A LIMITED PERIOD. ANY STABILISATION OR OVER-ALLOTMENT MUST BE CONDUCTED BY THE STABILISATION AGENT (OR PERSONS ACTING ON BEHALF OF THE STABILISATION AGENT) IN ACCORDANCE WITH ALL APPLICABLE LAWS AND RULES.
IN THE UNITED KINGDOM, THIS PRESS RELEASE IS DIRECTED ONLY AT (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(1) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER') AND (II) HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2) OF THE ORDER AND (III) PERSONS TO WHOM IT WOULD OTHERWISE BE LAWFUL TO DISTRIBUTE IT (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS').
IN ADDITION, IF AND TO THE EXTENT THAT THIS PRESS RELEASE IS COMMUNICATED IN, OR THE OFFER OF SECURITIES TO WHICH IT RELATES IS MADE IN, ANY EEA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE 'PROSPECTUS DIRECTIVE'), THIS PRESS RELEASE AND THE OFFERING OF ANY SECURITIES DESCRIBED HEREIN ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS IN THAT MEMBER STATE WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE (OR WHO ARE OTHER PERSONS TO WHOM THE OFFER MAY LAWFULLY BE ADDRESSED) AND MUST NOT BE ACTED ON OR RELIED ON BY OTHER PERSONS IN THAT MEMBER STATE.
THIS PRESS RELEASE IS NOT DIRECTED TO ITALIAN RESIDENTS OTHER THAN ITALIAN QUALIFIED INVESTORS.

16.06.2010 News transmitted by EquityStory AG.
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01.06.2010 Mobimo wins IPD EuroProperty Award /web/mobimo.ch/media/medien/archiv/2010/20100601_IPD_Award_EN.pdf

Mobimo Holding AG / Key word(s): Miscellaneous

01.06.2010 19:08

Release of an ad hoc announcement pursuant to Art. 72 KR

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Lucerne, 28 May 2010 - IPD and EuroProperty have presented the IPD EuroProperty Award for the category 'Balanced Fund: Highest total return annualised over 3 years to December 2009 - Switzerland' to Mobimo.

This is the second time Mobimo Holding AG (Mobimo) has won the award for the category 'Bal-anced Fund: Highest total return annualised over 3 years - Switzerland', the first time being for the period to December 2007. The 2008 award was won by LO Holding Lausanne Ouchy SA, which was successfully integrated into the Mobimo Group last year. The IPD EuroProperty Awards recognise investment performance in the real estate sector by pension and life funds, pooled funds and prop-erty investment companies in Europe. This performance is benchmarked by IPD Investment Property Databank using the data held in their databases in a number of European countries. Nine countries were competing for this year's awards: Germany, France, the UK, Ireland, Italy, the Netherlands, Norway, Portugal and Switzerland.

In Switzerland, institutional real estate investors hold approximately CHF 135 billion in real estate. Around CHF 64 billion of this - a total of 4,244 properties held by 35 investors - is covered by IPD in their databases and benchmark analyses.

 

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Information and Explaination of the Issuer to this News:

About Mobimo
Mobimo Holding AG was established in 1999 in Lucerne and has been listed on the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive portfolio mix of investment properties pro-viding stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lu-cerne/Zug, Basel, St. Gall and Lausanne/Geneva. Mobimo has an attractive overall portfolio worth CHF 1.9 billion, comprising 112 investment properties with target rental income of some CHF 92 million and development properties for its own portfolio and for condominium sales with a current investment volume of CHF 550 million. This makes Mobimo one of the leading real estate companies in Switzerland. Further information can be found at www.mobimo.ch.

 

About IPD / Euro Property
IPD are a global information business, dedicated to the objective measurement of commercial real estate performance. As the world's number one provider of real estate performance analysis for funds, investors, managers and occupiers, they offer a full range of services including research, reporting, benchmarking, conferences and indices. IPD operate in over 20 countries including most of Europe, the US, Canada, Australia, New Zealand and Japan. Their indices are the basis for the developing commercial property derivatives market, and the most authoritative measures of real estate returns worldwide. For further information visit www.ipd.com.

 

Contact
Christoph Caviezel
CEO
Tel. +41 44 397 11 56
christoph.caviezel@mobimo.ch

Manuel Itten
CFO
Tel. +41 44 397 11 44
manuel.itten@mobimo.ch

 

 

Agenda
6 April 2011: 11th General Meeting of Mobimo Holding AG

 

 

 

 

01.06.2010 News transmitted by EquityStory AG.
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EquityStory publishes regulatory releases, media releases on the capital market and press releases.£
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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05.05.2010 Mobimo Holding AG: Annual General Meeting approves all Board of Directors proposals /web/mobimo.ch/media/medien/archiv/2010/20100505_Mobimo-GV_e.pdf

Mobimo Holding AG / Key word(s): AGM/EGM

05.05.2010 19:40

Release of an ad hoc announcement pursuant to Art. 72 KR

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M e d i a R e l e a s e

 

Annual General Meeting approves all Board of Directors proposals

 

Lucerne, 5 May 2010

The tenth Annual General Meeting of Mobimo Holding AG was held today in Lucerne, Switzerland. 237 shareholders took part in the Meeting. In total, 49.4% of voting shares were represented. All proposals put forward by the Board of Directors were approved by a clear majority. In particular, shareholders agreed to a cash distribution of CHF 9.00 per registered share in the form of a par value repayment exempt from withholding tax. All members of the Board of Directors were re-elected for a further year in office.

The eleventh Annual General Meeting of Mobimo Holding AG will take place on 6 April 2011.

 

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Information and Explaination of the Issuer to this News:

Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix of investment properties providing stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lucerne/Zug, Basel, St. Gall and Lausanne/Geneva. Mobimo has an attractive overall portfolio worth CHF 1,9 billion, comprising 112 investment properties with target rental income of some CHF 92 million and development properties for its own portfolio and for condominium sales with a current investment volume of CHF 550 million. This makes Mobimo one of the leading real estate companies in Switzerland. Further information can be found at www.mobimo.ch.

For enquiries please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
044 397 11 86
ir@mobimo.ch

 

 

05.05.2010 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.

EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news

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04.05.2010 Mobimo Holding AG completes acquisition of 04Real AG /web/mobimo.ch/media/medien/archiv/2010/20100504_Mobimo_04Real_e.pdf

Mobimo Holding AG / Key word(s): Acquisition

04.05.2010 19:11

Release of an ad hoc announcement pursuant to Art. 72 KR

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M e d i a R e l e a s e

 

Mobimo Holding AG completes acquisition of 04Real AG 

Lucerne/Lausanne, 4 May 2010 - Mobimo Holding AG concluded the purchase of100% of the shares in 04Real AG today. An agreement to this effect hadalready been signed on 22 December 2009.

04Real AG owns the 12,600 m2 property situated between Avenue d'Ouchy,

Avenue de la Gare and Place de la Gare, directly adjacent to Lausanne's main railway station. The build-ing complex is being repurposed and comprises total rental space of 45,000 m2. In addition to its central location, the property stands out through its exquisite, unobstructable view of the lake, city and Alps.

'We are pleased to have the opportunity to manage this interesting and highly promising development project through our team in Lausanne,' enthused Christoph Caviezel, CEO of Mobimo Holding AG. The property offers the option of committing about 20,000 m2 of extra usable space for apartments or something similar. Mobimo plans to set up an attractive and distinctive real estate development area in the floors below ground near the station (the former Postbahnhof).

 

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Information and Explaination of the Issuer to this News:

About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Ex-change since 2005. The Mobimo Group has an attractive portfolio mix of investment properties pro-viding stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lu-cerne/Zug, Basel, St. Gall and Lausanne/Geneva. Mobimo has an attractive overall portfolio worth CHF 1,9 billion, comprising 112 investment properties with target rental income of some CHF 92 million and development properties for its own portfolio and for condominium sales with a current investment volume of CHF 550 million. This makes Mobimo one of the leading real estate companies in Switzerland. Further information can be found at www.mobimo.ch.

 

For enquiries please contact:
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
044 397 11 86
ir@mobimo.ch

 

 

 

04.05.2010 News transmitted by EquityStory AG.
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The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
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09.03.2010 Mobimo Holding AG: Mobimo announces a very good result for the 2009 financial year /web/mobimo.ch/media/medien/archiv/2010/20100309_Mobimo-E-Ergebnis.pdf

Mobimo Holding AG / Key word(s): Final Results

09.03.2010 06:51

Release of an ad hoc announcement pursuant to Art. 72 KR

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M e d i a R e l e a s e

Mobimo announces a very good result for the 2009 financial year

* Net profit of CHF 62,6 million or CHF 14.09 per share
* Overall portfolio increases to CHF 1,9 billion
* Strategic expansion into French-speaking Switzerland successful
* Return on equity of 8% and solid equity ratio of 48%
* A further distribution of CHF 9.00 per share proposed 

Lucerne, 9 March 2010 - 2009 was a successful and eventful year for Mobimo Holding AG (Mobimo). EBIT was up 26% at CHF 98,5 million (prior year CHF 77,9 million). Before revaluation effects it increased by 29% to CHF 89,1 million (prior year CHF 69,0 million). The company's net profit increased by 39% to CHF 62,6 million (prior year CHF 45,0 million). The profit figure includes income of CHF 9,3 million from the revaluation of properties (prior year CHF 9,0 million) and negative goodwill of CHF 15,6 million. As a result, earnings per share rose by 36% to CHF 14.09 (prior year CHF 10.37), or by 42% to CHF 12.51 (prior year CHF 8.82) before revaluation effects. This led to a return on equity of 8,0%, or 7,1% before revaluation effects. By the end of the 2009 financial year the overall value of the real estate portfolio had increased by 26% to CHF 1,9 billion (prior year CHF 1,5 billion).

Mobimo implemented the strategic guidelines that were adjusted in the previous year and achieved a key objective through the merger with LO Holding Lausanne-Ouchy SA (LO). This transaction enabled the company to enter the promising Lausanne/Geneva economic region and significantly diversify its portfolio, as LO's portfolio, which has a value of CHF 393 million, comprises premium properties in the centre of Lausanne.

Improved results in investment and promotion business despite the challenging economic environment

Rental income increased by 9% overall to CHF 71,8 million (prior year CHF 65,6 million), while expenses for rented properties remained unchanged at 12%. Of the additional rental income generated, CHF 3,8 million can be attributed to an inflow from the LO investment portfolio. Net income from rental activities increased by 9% to CHF 63,1 million (prior year CHF 57,9 million). As part of the measures to optimise the portfolio, six investment properties were sold at a profit in the period under review, generating overall proceeds of CHF 40,1 million.

The rental market for office and commercial space suffered as expected as a result of the difficult economic climate. Although rental income increased in 2009, the vacancy rate rose slightly to 6,7% (prior year 6,1%). Finding new tenants for the properties being vacated is likely to remain difficult in the current financial year.

In the area of promotions, favourable mortgage interest rates and substantial demand for tangible assets, coupled with the fact that consumers remained confident, resulted in brisk demand for residential property. The attractive condominium offering in the Zurich area allowed Mobimo to derive optimum benefits from this market situation and sell a total of 160 units, an absolute record for the company. The proceeds amounted to CHF 182,3 million (prior year CHF 126,8 million), while the income arising from these sales rose by 13% to CHF 25,2 million (prior year CHF 22,4 million).

Stable development of property values and one-time effect of the LO acquisition
Positive revaluation income of CHF 8,0 million was generated from properties under construction developed for the company's own portfolio holdings. The existing portfolio recorded generally stable development in its value, resulting in positive revaluation income of CHF 1,3 million.

Following the successful tender for 98,9% of LO shares as part of the public exchange offer to the shareholders of LO Holding Lausanne-Ouchy SA, the merger between the two companies was completed on 9 November 2009. The Mobimo shares issued at the time of the merger were measured at the stock market price as at the acquisition date in accordance with IFRS. The transaction produced negative goodwill of CHF 15,6 million, which was recognised directly in profit or loss as a one-time effect of the purchase.

A well stocked project pipeline
The Group is currently working on a number of construction projects with a total investment volume of CHF 550 million, with around CHF 150 million being channelled into the construction of attractive apartments for its own portfolio in premium locations in Zurich and Lausanne. Mobimo also owns development properties and sites that will generate a total construction volume of around a further CHF 500 million over the next few years. This investment potential in attractive locations means the company is only marginally affected by the current strained situation on the transaction market.

Solid financing
With an equity ratio of 48%, Mobimo remains solidly financed. The average interest rate for financial liabilities fell from 3,5% in the prior year to 3,1% in the period under review. The yield spread rose to an attractive 2.3% in 2009 (prior year 2.0%). Mobimo is financed on a long-term basis; as at the end of the year, the average residual maturity of financial liabilities was 5.1 years (prior year 5.9 years).

Dividend proposal
The Board of Directors will propose to the General Meeting of 5 May 2010 a further distribution in the form of a nominal value repayment of CHF 9.00 per share. Based on Mobimo's share price at year-end this gives a dividend yield of 5,1%.

Outlook
The main areas of focus in 2010 will be space marketing, condominium sales, the integration of LO and the ongoing development of the project pipeline. Since the expansion of the residential component of the investment portfolio means a number of properties will now be managed as investment properties rather than sold as condominiums, sales income from promotions will fall, but the proportion of regular rental income will continue to rise.

 

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Information and Explaination of the Issuer to this News:

About Mobimo
Mobimo Holding AG was established in Lucerne in 1999 and has been listed on the SIX Swiss Exchange since 2005. The Mobimo Group has an attractive portfolio mix of investment properties providing stable income and development properties offering extensive value enhancement potential. Investments are focused mainly on promising locations in the business centres of Zurich, Lucerne/Zug, Basel, St. Gall and Lausanne/Geneva. Mobimo has an attractive overall portfolio worth CHF 1,9 billion, comprising 112 investment properties with target rental income of some CHF 92 million and development properties for its own portfolio and for condominium sales with a current investment volume of CHF 550 million. This makes Mobimo one of the leading real estate companies in Switzerland. Further information can be found at www.mobimo.ch.

 

 

 

For enquiries please contact: 
Mobimo Holding AG
Dr. Christoph Caviezel, CEO
Manuel Itten, CFO
044 397 11 86

 

 

 

09.03.2010 News transmitted by EquityStory AG.
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EquityStory publishes regulatory releases, media releases on the capital market and press releases.
The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies.
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