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EPIC Suisse joins SIX Swiss Exchange

posted onJune 7, 2022

Swiss property group EPIC Suisse AG became the third company to list on SIX Swiss Exchange this year, thereby increasing its peer group of listed companies in the real estate sector. The opening price was CHF 68.00, resulting in a market capitalization of CHF 693 million.

“This IPO demonstrates the continuing interest of investors in SIX-listed real estate companies and we are convinced that our new joiner will find the best conditions to achieve its growth targets on our exchange” Jos Dijsselhof, CEO SIX stated.

"We are delighted to join SIX Swiss Exchange today and to welcome our diversified new shareholders that showed faith in our solid business model” Arik Parizer, CEO EPIC, said.

The leading Swiss real estate company, focuses on long-term and sustainable success: the company buys properties - mainly office buildings, logistics and shopping centres - invests in their development and rents them out. EPIC’s investment properties are mainly located in Switzerland's major economic hubs, specifically the Lake Geneva Region and the Zurich Economic Area.

The fair value of Epic's portfolio as at 31 March 2022 totals CHF 1.47 billion split into Investment properties in operation at CHF 1,436 million (31 Dec 2021: CHF 1,434 million) and Investment properties under development / construction at CHF 34 million (31 Dec 2021: CHF 32 million).

The total income (defined as rental income and other income) for Investment properties in operation for the period amounts to CHF 15.6 million while total bank debt (without the corporate bank debt at the level of the Company) as at 31 March 2022 is CHF 730 million (31 Dec 2021: CHF 733 million).

Its IFRS NAV stands at CHF 597 million as at 31 March 2022 (31 Dec 2021: CHF 578 million).

Niederer Kraft Frey advised EPIC Suisse as issuer’s counsel in connection with its initial public offering and listing on SIX Swiss Exchange. Cred­it Suisse and Zürch­er Kan­ton­al­bank acted as Joint Glob­al Coordin­at­ors and Swiss Fin­ance & Prop­erty as Co-Lead Manager.

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