May 2026
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Largest Real Estate Services Public Companies in Switzerland
Benchmark revenue and EBITDA valuation multiples for public comps like
Swiss Prime Site, PSP Swiss Property, IWG, HIAG Immobilien Holding and Implenia.
 | Swiss Prime Site AG is a real estate company based in Switzerland. Its segments include: Real Estate, Asset Management, Retail, Corporate and Shared Services. The Real Estate segment consists of the firm's core real estate activities (the purchase, sale, lease, and development of properties) and financing of these activities. Asset Management includes the fund business, asset management, and investment advisory. The Retail segment consists of the operation of department stores, and Corporate and Shared Services include central group functions as well as internal services that are provided centrally. The majority of the revenue is generated from the Real Estate segment. | $166 | +12% | $13B | $21B | 29.4x | 29.2x | ||
| PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions. | $188 | +2% | $9B | $13B | 28.1x | 18.6x | ||
| International Workplace Group PLC owns a network of business centers leased to various business customers and offers flexible workspace options. It owns and operates brands like Regus, Spaces, Signature, HQ, and No 18. The company operates in three principal geographical segments: the Americas; Europe, the Middle East, Africa; and Asia-Pacific. The Americas segment generates the majority proportion of revenue. | $2 | -3% | $2B | $10B | 2.5x | 17.9x | ||
| HIAG Immobilien Holding AG is a property redevelopment company. The company's portfolio covers 40 sites with a total land area of 2.5 million square meters. Its core business focuses on the management of master plans and building permit procedures, site marketing, the steering of redevelopment processes, and portfolio management, including property administration. About 91% of its real estate portfolio is situated in the economic catchment areas of Zurich/Zug, Baden/Brugg, Basel, and Geneva. The company's business activities are divided into three segments Yielding Portfolio, Development Portfolio, and the Transaction segment. | $171 | +32% | $2B | $3B | 9.7x | 15.1x | ||
| Implenia AG is a construction service company. It operates through four business segments: Real Estate, Buildings, Civil engineering, and Specialties. The company's projects include complex new construction, modernization work on existing properties, residential and industrial buildings, tunneling, road and rail construction, and some niche work such as wood-based construction. Implenia generates majority of its revenue from Civil engineering segments, and more than half of its revenue is earned in Switzerland. | $76 | +23% | $1B | $556M | 0.1x | 1.6x | ||
| Plazza AG is engaged in planning, building, managing and sell of real estate projects in Switzerland. The Company's portfolio include residential, commercial and office properties. Real estate investment business is engaged in buying and selling of all properties. It has projects in the economic centers of Zurich and Lausanne. | $562 | +15% | $1B | $2B | 31.0x | 16.3x | ||
| Fundamenta Real Estate AG is engaged in the acquisition, development and holding of residential real estate with a focus on the middle rent segment in German-speaking Switzerland. | $22 | -5% | $745M | $1B | 15.1x | 18.1x | ||
| Peach Property Group Ltd is a real estate investor with an investment focus in the residential economic area in Germany. Its main activities include site and portfolio evaluation, structuring and financing of purchases, active asset management letting, and further selling. It has one operating segment which comprises, investment in and selling of real estate. The company operates in Germany and Switzerland out of which the majority of the revenue is generated from Germany. | $6 | -17% | $356M | $2B | 9.0x | 31.3x | ||
| Zublin Immobilien Holding AG is a real estate company. The company's portfolio is focused on the management of the real estate portfolio. Some of the projects include Zurich Holbeinstrasse, Zurich Hardturmstrasse, egg gewerbestrasse, and Bern morgenstrasse. It derives revenue from rental income. | $66 | +39% | $219M | $294M | 24.0x | 23.4x | ||
| Varia US Properties Ltd is a Swiss-based company exclusively investing in the United States residential real estate market. It focuses on secondary and tertiary areas characterized by population, employment growth, and limited housing offering. It invests in low to moderate-income and workforce multifamily housing properties. It operates in the sole segment of investment property, and the majority of revenue comes from Rental income. | $16 | -29% | $164M | $729M | 7.4x | (189.1x) | ||
| CI Com SA through its fully owned subsidiary is engaged in real estate operations. It is a financial holding company. It engages in real estate and financing of investments in other companies. | -- | -- | $172K | $15M | — | — | ||
| Median | $71 | +7% | $1B | $2B | 12.4x | 18.0x |
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