Novavest Real Estate AG
NREN
ISIN CH0212186248 / Valor 21218624
Novavest Real Estate AG
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About company
Novavest Real Estate AG is a Zurich-based, publicly listed Swiss property company (SIX Swiss Exchange) that manages, develops and constructs primarily residential assets—defined as portfolios where at least 50% of rental income derives from residential use—alongside office and commercial properties. On 17 April 2024 Novavest announced an agreed merger to absorb SenioResidenz AG, a BX Swiss-listed firm that invests in senior-living and age-adapted housing, under an exchange ratio of 0.91 Novavest shares for each SenioResidenz share; the transaction is subject to shareholder approvals and customary closing conditions with completion expected mid‑June 2024. If completed, the combined company would hold a property portfolio with an estimated market value of about CHF 1.02 billion and broaden Novavest’s exposure to senior housing within its residential focus.
Summarized from source with an LLMView SourceSector: FinanceKey figures
Performance
Volatility
560 M
Market cap (USD)
2,073
Daily traded volume (Shares)
35.5 / 35.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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