Swiss real estate companies Ina Invest and Cham Group have announced their intention to merge, creating one of the country's largest players in the sector.
The boards of both companies have signed a letter of intent, and discussions are still in their early stages. If successful, the merger would require approval from the shareholders of both Ina Invest and Cham Group at their respective Annual General Meetings in spring 2025.
The proposed 50/50 merger would result in a significant presence in Switzerland's key metropolitan areas, including Basel, Cham, Geneva, Lausanne, Winterthur, and Zurich, with residential properties accounting for over 50% of the combined portfolio.
Cham's real estate portfolio is estimated to be worth CHF 480 mln (€509 mln), and Ina's CHF 847 mln (€899 mln).
By joining forces, Ina Invest and Cham Group anticipate enhanced flexibility in project execution, improved access to financing options, and the realization of economies of scale and synergies. The shares of the merged company are expected to remain listed on the SIX Swiss Exchange.
Launched as a spin-off from Swiss construction and real estate firm Implenia, Ina Invest’s properties are strategically located in prime areas and offer a versatile mix of uses. The company currently holds one of the largest development portfolios in Switzerland.
Cham Group is leading a renovation project in the heart of Cham that will see the conversion of the former Papieri-Areal factory site into a thriving new district featuring approximately 1,000 apartments and workplaces. This development is expected to be completed in phases by 2035.
The company is also actively seeking to expand its portfolio through acquisitions of additional development and investment properties in the region.
