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PSP Swiss Property has sold its Richtipark commercial property in Wallisellen to La Foncière Urban Development for CHF 150 million, prompting the company to raise its 2026 EBITDA guidance. The revised forecast now stands at CHF 335 million, up from CHF 310 million, excluding gains and losses on real estate investments. The company has also agreed on potential earn-out payments of up to CHF 24.75 million in the coming years. Despite the transaction, PSP Swiss Property maintained its year-end 2026 vacancy forecast at 3.5%, indicating confidence in the performance of its remaining real estate portfolio.
PSP Swiss Property has completed the sale of Richtipark, a commercial property complex in Wallisellen, to La Foncière Urban Development for CHF 150 million, leading the Swiss real estate company to increase its earnings outlook for 2026. The transaction was completed during the past week as part of the company's ongoing portfolio management strategy. According to the company, the sale has positively impacted its earnings expectations while leaving its portfolio occupancy outlook unchanged. The transaction includes four plots and five commercial buildings spread across a site area of around 27,000 square metres.
Following the sale, PSP Swiss Property raised its 2026 EBITDA guidance, excluding gains and losses on real estate investments, to CHF 335 million from its earlier forecast of CHF 310 million. The company said the revised outlook reflects an EBITDA contribution of around CHF 40 million from the Richtipark sale, partly offset by the postponement of the sale of another development property that had previously been included in its earnings guidance. It also confirmed that no further development property sales are planned during 2026.
In addition to the agreed purchase price, PSP Swiss Property has secured potential earn-out payments of up to CHF 24.75 million over the coming years. The company said these additional payments will depend on the fulfilment of agreed conditions after the transaction.
The company also reaffirmed that its vacancy forecast for the overall real estate portfolio remains unchanged at 3.5% by the end of 2026, indicating that the sale is not expected to affect leasing performance across its remaining assets.
PSP Swiss Property is one of Switzerland's leading commercial real estate owners, with a portfolio valued at around CHF 10.1 billion across major business centres. Earlier this year, the company had projected 2026 EBITDA of CHF 310 million while expecting stable rental demand in the Swiss commercial property market. The latest asset sale has now strengthened that earnings outlook without changing its operational guidance.
Source Reuters
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