New neighborhood in an excellent location in Chavannes
Credit Suisse Real Estate Switzerland (CSA RES) investment foundation
Chavannes-près-Renens will soon be home to a new district – the Horizons district – which is already being dubbed the new center of the municipality.
The site was divided into four parcels at the very beginning of the planning stages. Three of the parcels were acquired by the CSA RE Switzerland investment group and the other was retained by the vendor family. Together they developed the project into a district plan. After around seven years of complicated and challenging development processes, Credit Suisse Asset Management (Switzerland) AG obtained the necessary approval and started planning the construction project in 2019. The district will comprise eight new buildings and is scheduled for completion in summer 2025.
Connected to the urban centers of Western Switzerland
Connected to the urban centers of Western Switzerland
The new buildings are served well by connections for both public transport and motorized private transport, which will make the property attractive to commuters, since it will be easy to reach not only Lausanne but also Geneva, Nyon, Yverdon-les-Bains and Vevey, which offer ample job opportunities. The district will have its own bus station. A new pedestrian bridge over the freeway will provide access to the subway and to the university campuses of the Swiss Federal Institute of Technology (ETH) Lausanne and the University of Lausanne. This route will also lead to Lake Geneva, which is less than ten minutes away on foot.
Pedestrian zone and plenty of green space
Pedestrian zone and plenty of green space
Despite being well connected to nearby cities, the new neighborhood will be a car-free zone for pedestrians. In the basement of the eight buildings, a large parking facility will be built to separate the pedestrian zone from traffic, creating a continuous pedestrian area between the eight buildings for the residents of the district. The large green areas and numerous surfaces with good drainage capacity will counteract the possibility of overheating in the summer.
From studios to 6.5-room apartments
From studios to 6.5-room apartments
The Horizons district will consist of eight new buildings, well over two-thirds of which will house apartments. Although the complex's proximity to the university quarter might suggest that the apartments on offer would be on the smaller side, the available units will actually range from studios to spacious 6.5-room apartments. This project will expand the housing supply in the "ouest-lausanneois" region by around 900 units in total. In addition to the apartments, office and retail space will be built on the ground floor of the new buildings in order to make the district a lively and independent place.
New living space created
New living space created
The new buildings will be equipped with a heat pump. The underground parking garages have electric charging points pre-installed next to each parking space. Residents of the district will also benefit from a car- and bike-sharing scheme.
It is therefore unsurprising that demand for the living units is very high, with almost all of the 190 or so apartments in the first building (which will be ready to move into from August 2024) having been leased already. The living units in the second building have been on the market since May 2024. It is now very likely that the ambitious target of attracting around 1,500 residents to the Horizons district will be achieved by the project completion date in summer 2025.
Key takeaways:
Key takeaways:
- The planned investment volume in the Horizons district in Chavannes is CHF 474 million
- The gross yield is 3.97%
- Eight new buildings (six CSA RE Switzerland buildings)
- Office and retail space on the ground floor
Conradin Stiffler
Portfolio Manager French-speaking Switzerland since 2018
CSA RES
CSA RES
Credit Suisse Real Estate Switzerland investment foundation
Security no. 1 312 300
Only tax-exempt pension funds domiciled in Switzerland are permitted as direct investors pursuant to the articles of incorporation of the investment foundation.
Daniel Brüllmann
Head of Real Estate DACH
Urs Fäs
Head of Portfolio Management/ Listed Funds CH
Ulrich Braun
Head of Investment Foundations CH
Oliver Müller-Känel
Head of International & non-listed Products CH and RE-DA
Matthias Jäger
Head of Acquisition & Disposition CH
Nicki M. Weber
Head of DACH Investment Sales Specialists