Mobimo expands Zurich portfolio with new acquisitions

Swiss real estate company Mobimo is expanding its residential portfolio with the acquisition of five existing and three under-construction properties in prime locations within the city and canton of Zurich.

Daniel Ducrey

Mobimo signed a deal to acquire all shares in EMWE Holding, the parent company of EMWE Immobilien, which holds these properties. The acquisition, valued at approximately CHF 185 mln (€197 mln) in assets and CHF 77 mln (€82 mln) in liabilities, will be structured as a quasi-merger. Fifty-one percent of the purchase price will be paid in newly issued Mobimo Holding shares, with the remaining 49% paid in cash.
The sellers have agreed to a five-year lock-up period for the Mobimo shares they receive. Mobimo will finance the cash portion through existing credit lines or the capital market. The transaction is expected to close by the end of August 2025.
The existing properties, located in Uster, Wädenswil, and Zurich, are valued at approximately CHF 110 mln (€117 mln) and are nearly fully leased, generating around CHF 3 mln (€3.2 mln) in annual rental income. The three properties under construction, scheduled for completion by the end of 2027, are expected to cost CHF 45 mln (€48 mln) to build and will generate CHF 3.5 mln (€3.7 mln) in annual rental income, with an estimated market value of CHF 120 mln (€127 mln) at current prices upon completion.
CEO Daniel Ducrey commented, “I am delighted to have added EMWE’s properties to our investment portfolio. The new properties will enable us to expand our residential portfolio in the Zurich region, further optimize our existing portfolio in terms of property and location quality, and improve the sustainability aspect of our portfolio. The acquisition will also enable us to sustainably further increase our rental income, which is one of our strategic priorities.”
Barbara Walser and Sandro Mezzi, former owners of EMWE Holding and EMWE Immobilien, added, “We are delighted that our properties, which have been developed with great care over many years, are now in the hands of a very responsible owner with a long-term vision. From the very first meeting, CEO Daniel Ducrey and his team impressed us with their professionalism and trust. We greatly appreciate being able to participate in the company’s sustainable value growth as Mobimo shareholders.”
Mobimo Holding has a diversified portfolio worth approximately CHF 3.9 bn (€4.1 bn). Their holdings include residential and commercial properties, as well as development projects for both their own portfolio and external clients. Mobimo focuses on prime locations in German- and French-speaking Switzerland.